Olongapo SubicBay BatangGapo Newscenter

Thursday, March 05, 2009

Subic bullish on hitting $7.5-B investment target by 2010

SUBIC FREEPORT should be able to attract $7.5 billion in new investments by 2010, the Subic Bay Metropolitan Authority (SBMA) said in a statement yesterday.

The target, cumulative of investment commitments made since 1992, has been nearly accomplished, since pledges last year brought the total to $5.8 billion, SBMA said. For 2008 alone, investment pledges amounted to $249 million.

To achieve the 2010 target, SBMA Administrator and Chief Executive Officer Armand C. Arreza said improvements will have to be done in the freeport’s logistics, manufacturing, tourism and business process outsourcing sectors.

SBMA, he said, hopes to attract heavy port users by implementing automated import-export Customs procedures. For manufacturing, SBMA plans to develop industrial estates "along the Subic-Clark corridor." The agency also plans to expand the ecozone’s area towards Zambales and Bataan for more space for new locators. Business World

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