Subic Freeport investments bounce back from crisis
February 3, 2011 by Administrator
Filed under News
The Subic Bay Metropolitan Authority (SBMA) reported today that it has approved a total of $1.2-billlion worth of new investments last year to boost the cumulative financial resources infused by both foreign and local firms in this premier Freeport zone to $7.16 billion. In a statement, SBMA administrator Armand Arreza said that investments recorded last [...]
Philip Morris extends Subic lease to 50 years, starts phase two of P1-B project
August 28, 2009 by Administrator
Filed under Features
SUBIC BAY FREE PORT—Tobacco industry remains strong amid global downturn as the country’s leading cigarette maker Philip Morris Philippines Manufacturing Inc. (PMPMI) put up a P1-billion expansion project in this free-port zone. An agreement was signed by Subic Bay Metropolitan Authority (SBMA) Administrator Armand Arreza and PMPMI managing director Chris Nelson that will increase the [...]
