Olongapo SubicBay BatangGapo Newscenter

Tuesday, November 11, 2008

SBMA gets new projects

THE SUBIC Bay Metropolitan Authority expects to surpass the P5.3 billion in revenues collected last year with the entry of 141 new investment projects as of September.

According to SBMA administrator and chief executive Armand Arreza, collections as of end-September had already reached P4.08 billion.

"By all indications, Subic is defying the odds. While there is some slowdown in the global economy, we continue to make consistent growth in revenue, import, export, as well as investment and employment," he said. "The continued growth of these indicators brings about the rise in the taxes and duties collected in Subic."

In the same period last year, total collections within the Subic Bay Freeport only reached P3.83 billion, 6.41 percent lower than the January-September 2008 collections.

Data from SBMA showed that the Bureau of Customs registered a total cash collection of P2.97 billion in the first three quarters, up 5.82 percent from the P2.81 billion collected in the same period last year.

Meanwhile, the Bureau of Internal Revenue registered P1.11 billion in tax collections from January-September, 8.02 percent higher than the P1.02 billion posted in the same period last year.

By.Abigail L. Ho - Inquirer

Labels: , , , ,

0 Comments:

Post a Comment

<< Home


 

This is a joint private blog of volunteers from Subic Bay. It is being maintained primarily to collate articles that may be of importance to decision making related to the future of Subic Bay and as a source of reference material to construct the history of Subic Bay.

The articles herein posted remains the sole property of original authors and publications which has full credits to the articles.

Disclaimer: Readers should conduct their own research and due diligence before using any article herein posted for whatever intended purpose it may be. This private web log will not be liable for any loss or damage caused by a reader's reliance on information obtained from volunteers of this private blog.

www.subicbay.ph, http://olongapo-subic.com, http://sangunian.com, http://olongapo-ph.com, http://oictv.com, http://brgy-ph.com, http://subicbay-news.com, http://batanggapo.com 16 January 2012