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-BREAKING YEAR
March 16, 2016
Presented by
ROBERTO V. GARCIAChairman and Administrator, Subic Bay Metropolitan Authority
3
THE GOOD NEWS
“The Philippines is one of the fastest-growing economies in
the region — thanks in no small part to the competitiveness
of its exports and its skilled labor force. Good governance,
openness and dynamism have combined to build a strong
economy here in the Philippines.”
Robert Azevedo, Dir. Gen- WTO
May 2015
4S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
PH GDP Growth
2010 7.7%
2011 3.7%
2012 6.8%
2013 7.2%
2014 6.1%
2015 5.8%
Source: 2015 World Economic Forum
Baa2 (Stable)
BBB- (Positive)
BBB (Stable)
Source: www.gov.ph
Global Competitiveness
Country / Economy2015
(out of 140)2014
(out of 144)
Singapore 2 2
Malaysia 18 20
Thailand 32 31
Indonesia 37 34
PHL 47 52
Vietnam 56 68
Lao PDR 83 93
Cambodia 90 95
Myanmar 131 134
Philippines is the world’s 2nd
fastest growing economy!
Foreign investors show continued confidence
5S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Source:
2015
US$ 5.7 B
2014
US$ 6.2 B
2010
US$ 1.1 B
2011
US$ 2.0 B
2012
US$ 3.2 B
2013
US$ 3.8 B
Revenues - All Strategic Business Units
MARITIME AND LOGISTICS LEAD 2015 GROWTH
7S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
FPI 2014 2015 Increase
Maritime &
Logistics
PHP 1,307 M PHP 1,588 M
Industrial &
Commercial
Leases
1,115 M 1,147 M
Tourism 19.6 M 20.0 M
Total Operating
Revenues
2,442 M 2,755 M 13%
21%
2%
3%
Maritime and Logistics Strategic Business Unit
PORT OPERATIONS LEADS 2015 GROWTH
8S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Classification 2014 2015 Increase
Actual Port
RevenuesPHP 884 M PHP 1.08 B
Containerized Cargo
(in TEUs)77,177 123,510
Non-containerized
Cargo (in MTs)6,112,644 7,568,005
No. of Ship Calls 2,591 3,353
Gross Registered
Tonnage40,147,025 54,381,189
22%
60%
24%
29%
13%
One-Stop Shop Center at NCT 1 opens
Inaugurated
on April 24, 2015
by Cabinet Secretary
Jose Rene Almendras
9S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
(BOC-SBMA-SBITC)
Maritime and Logistics Strategic Business Unit
10S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Classification 2014 2015 Variance
Airport Revenues PHP 36.2 M PHP 75.9M
Hangar Lease PHP 28 M PHP 70 M
Royalty Income PHP 0.24 M PHP 0.30 M
121%
150%
23%
AIRPORT REVENUES AND LEASES SURGE
Other Airport and Seaport Developments in 2015
Increase in number of shipping lines calling regularly at the Port of Subic
from four (4) in 2014 to seven (7) in 2015
Successful hosting of the Second Maritime Exhibit and Conference
More than 500 shippers and shipping line operators , including shipping and
logistics executives from South Africa, Australia, Singapore, Malaysia, and
Japan
Approval of MOA between DND-AFP and SBMA for the utilization of some
airport and seaport facilities, thus strengthening the Freeport’s role in the
national security strategy
Astro Air’s chartered flights, bringing Taiwanese tourists to Subic
11S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
2015 Port Marketing Initiatives
Marketing presentation to the 8th Philippine Ports and Shipping Assembly at the
Intercontinental Hotel of Manila
Participation in the 17th General Assembly of the International Network of
Affiliated Ports (INAP) held at to the New Port of Mokpo, South Korea
Marketing presentation to the Philippine International Seafreight Forwarders
Association, Inc., announcing the one-day accreditation process for freight
forwarders, truckers, brokers, and processors
12S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Industrial and Commercial Leases Strategic Business Unit
APPROVED COMMITTED INVESTMENTS EXPAND
KPI 2014 2015 INCREASE
Total Approved
Committed
Investments
PHP 18.5 B PHP 22.8
Cumulative
Investments
(1992-2015)
US$ 9.1 B US$10 B 10%
23%
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 13
Hanjin Performance
Philippines is now the 4th
largest shipbuilder in the world
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 14
TOTAL INVESTMENT
US$ 2 Billion
10,000 −
15,000 −
20,000 −
25,000 −
2010 2011 2012 2013 2014
20,005 19,84520,113
18,167
24,652
December
2015
33,863
30,000 −
37% INCREASE IN DIRECT AND INDIRECT EMPLOYMENT IN SUBIC SHIPYARD
EXPORT VALUE
Classification No. Amount
Vessel 91 US$4.84B
Steel Structure 10 US$0.09B
Job Generation Per SBF Industry Sector
4,693 ADDITIONAL JOBS CREATED IN 2015
Sector 2014 2015
Services 45,342 48,396
Shipbuilding &
Marine-related33,109 35,501
Manufacturing 15,076 14,533
Others 3,431 3,221
TOTAL 96,958 101,651
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 15
Major Developments in Industrial and Commercial Leases
Start-up of Singapore-based Interflour Group
(Interflour), with a committed investment of US$30
million at Subic Bay Gateway Park Phase II
Takeover and awarding of 85-hectare Subic Bay Golf
Course for re-development and development of
retirement village
Start-up of Jobin Inc.’s 800-hectare 150-MW solar
and wind energy project, the largest in Southeast Asia
Approved New Manufacturing Projects
Tesuphils Inc., a Korean manufacturer of construction
materials with a committed investment of US$6 million
Datian Subic Shoes Inc., a Taiwanese manufacturing
of vulcanized shoes with a committed investment of
US$10 million
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 16
Harbor Star Subic Corporation
Marine-related ancillary services
Proposed Investment Commitment: US$4.56 M
Ropali-Teco Corporation
Manufacturing / assembly of electric vehicles
Proposed Investment Commitment: US$1.2 M
Subic Superfood Inc.
Processing of local pili nuts and Himalayan salt
Proposed Investment Commitment: US$920 K
Nanofixit Ventures Inc.
Rebottling and packaging of liquid screen protector
Proposed Investment Commitment: US$5.325 M
Datian Subic Shoes Inc.
Manufacturing & export of vulcanized shoes
Proposed Investment Commitment: US$10 M
Resurgence of Manufacturing Industry in SBF
17S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
2015 Mabuhay Business Awards
“These locators have breathed life into the local economy. They have transformed vacant
parcels of land into busy commercial establishments and factories – a target range into a
leading shipbuilding facility in the world; and a marsh land into a hi-tech manufacturing facility
producing high value electronic components used by global brands.”
18S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
2015 Mabuhay Business Awards
Anglo Asia Commodities Corporation
HHIC-Phil, Inc.
Honeywell Ceasa (Subic Bay) Company, Inc.
Moon Kkang Talk, Inc.
Petron Freeport Corporation
PLDT Subic Telecom, Inc.
Philippine Coastal Storage and Pipeline Corporation
Royal Duty Free Shops, Inc.
Sanyo Denki
S-Corp Philippines, Inc.
Subic Bay Freeport Grain Terminal Services, Inc.
Subic Bay International Terminal Corporation
Subic Bay Town Center, Inc.
Tong Lung Phils. Metal Industry Co., Inc.
19S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
LIST OF AWARDEES(In alphabetical order)
Overseas Investment Promotion Initiatives
PARTICIPATION IN VARIOUS INVESTMENT PROMOTION ACTIVITIES
12th China ASEAN Expo
Outbound Mission to Taiwan, resulting in the immediate visits to Subic of a
delegation from Taichung and executives from steel company Yieh Phui
Enterprise Co., Ltd.
Philippines Investment Promotion Plan (PIPP) Outbound Mission to Tokyo,
Japan
Philippines-Taiwan Joint Economic Conference for possible MOU between
MECO and TECO
APEC Senior Officials Meeting
Outbound Mission to Seoul, Korea, spearheaded by the Department of Foreign
Affairs, resulting in planned visit of RESOM executives to the Freeport in June
2016
20S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Tourism Strategic Business Unit
21S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
YEAR VISITOR
ARRIVALS
2014 6,398,376
2015 7,729,484
INCREASE 14%
Tourism Traffic
22S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
YEAR TOURIST ARRIVALS HOTEL OCCUPANCY
RATE
2014 1,177,073 64%
2015 1,429,040 70%
INCREASE21% 9%
MICE Events and Participant Count
23S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
MICE EVENTS NO. OF PARTICIPANTS
CLASSIFICATION 2014 2015 VARIANCE 2014 2015 VARIANCE
INTERNATIONAL 10 15 50% 26,050 18,320 -30%
LOCAL 268 275 3% 219,795 231,297 5%
TOTAL 278 290 245,845 249,6172%4%
Sports Events and Participant Count
24S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
SPORTS EVENTS NO. OF PARTICIPANTS
CLASSIFICATION 2014 2015 VARIANCE 2014 2015 VARIANCE
INTERNATIONAL 17 28 65% 21,870 23,705 8%
LOCAL 59 54 -8% 21,830 37,765 73%
TOTAL 76 82 43,700 61,470 41%8%
Total Events and Participant Count
25S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
TOTAL EVENTS NO. OF PARTICIPANTS
CLASSIFICATION 2014 2015 VARIANCE 2014 2015 VARIANCE
INTERNATIONAL 27 43 59% 47,920 42,025 -12%
LOCAL 327 329 1% 241,625 269,062 11%
TOTAL 354 372 289,545 311,0875% 7%
Other Tourism Promotion Initiatives
PhP2.13 billion additional committed investment, or 119% higher than
2014
1,167 projected additional jobs, or 148% higher than 2014
PHP21-million renovation of Subic Bay Exhibition and Convention
Center
Production of 2016 Tourism calendars, promoting the Freeport as the
MICE Capital of Central Luzon, and as Theme Park, Triathlon, Sailing,
and Sports Capital of the Philippines
Stronger tourism promotion thru existing official social media accounts
such as Facebook, Twitter, YouTube, and news blog (E.g. Total of 3,474
likes vs Clark’s 560 likes in FB, as of December 31, 2015)
27S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Other Tourism Promotion Initiatives
22,500-
TOTAL
FOOT
TRAFFIC
86,588-
TOTAL
FOOT
TRAFFIC
27,000-
TOTAL
FOOT
TRAFFIC
57,725-
TOTAL
FOOT
TRAFFIC
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 28
Hotel and Resort Accommodations
HOTEL OCCUPANCY RATE IMPROVES
TOTAL NO. OF OPERATIONAL HOTELS / RESORTS
CY 2014 40
CY 2015 44
GROWTH RATE 10%
TOTAL ROOM ACCOMMODATIONS
CY 2014 2,964
CY 2015 3,219
GROWTH RATE 9%
HOTEL OCCUPANCY
CY 2014 64%
CY 2015 70%
2015 ANNUAL RATE 9%
10%
20%
30%
40%
50%
60%
70%
80%
90%
2014 2015
HOTEL OCCUPANCY
9%
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 29
SBMA contribution to the National Economy
CONTINUOUS GROWTH IN SBMA CONTRIBUTION
30S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
KPI 2014 2015 Variance
BOC PHP15.3B PHP16.4B
BIR PHP1.79B PHP1.73B
Locator’s Income Tax
NG share (3%)PHP308M PHP373M
Locator’s Income Tax
LGU share (2%)PHP206M PHP248M
Dividends PHP243M PHP527M
TOTAL PHP17.8B PHP19.3B
21%
21%
117%
7%
3%
8%
BIGGER REMITTANCES FROM SBMA
National Government and LGU Shares
31S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Allocation
from 5%
Corp. Tax
2011 2012 2013 2014 2015
2015
vs
2014
(in Million Pesos)
National
(3%)
PHP222 PHP205 PHP235 PHP308 PHP373
LGUs
(2%)
147 137 157 206 248
TOTAL PHP369 PHP342 PHP391 PHP515 PHP621
21%
21%
21%
GOOD GOVERNANCE
Jobs and Exports
STEADY GROWTH IN EMPLOYMENT AND EXPORTS
32S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
KPI 2014 2015 Variance
Employment 96,958 101,651
Export
(FOB-US$)
US$ 2.3 B US$ 2.5 B 8.7%
4.8%
Good Governance Initiative
2007 - 2015 Comparative Crime Volume
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 33
DECREASING CRIME INCIDENTS
295
195
116
128
106
4738
29
20
0
50
100
150
200
250
300
350
2007 2008 2009 2010 2011 2012 2013 2014 2015
Good Governance Initiatives
34S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
10% salary increase retroactive two years / Increase in employee benefits / Upgrading of
141 COS to plantilla positions / Promotion of 225 employees / Pending SSL increase
Signing of Integrity Pledge by the SBMA Board of Directors and employees
Institutionalization of Integrity Pledge by requiring locators to sign it as pre-condition to
CRTE renewal
Resolution of CUSA cases at the Regional Trial Court, Court of Appeals, and Supreme
Court in favor of SBMA
Where are we going? SUBIC 2020
2016 Strategic Directions
Major focus on retirement/BPO/Maritime/new locators
Creation of new industrial parks for foreign investors
SSL approval and inclusion under new SSL program
Sister Port MOUs with Taiwan, Virginia Beach, and San Francisco
Increased CAPEX, especially for transport equipment, roads, airport, etc.
Continued work on new SBMA Corporate Center
Institutionalization of good governance reforms
Feasibility studies for expansion plans i.e. Tipo widening, new connector road to
SCTEX, and Container Terminal 3 and 4.
Improved CUSA and ETAF collections
Further reduction of red tape and improvement of customer service
35S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Environmental Protection
Symposium on Climate Change Adaptation, SBMA Environmental Permitting &
Monitoring System, and conduct of 3 other environmental forums for Pollution
Control Officers of different SBF companies
Establishment of mangrove nursery in Malawaan area and conduct of Assisted
Natural Regeneration activities in the Binictican mangrove
Establishment of 4 satellite nurseries at the SBMA Reforestation Site
Institutionalization of Subic Bay Arbor Day as an annual celebration which was
attended by almost 1,000 participants who planted 7,000 trees that day
Drafting and signing of temporary agreements with Mabiga farmers to ensure the
smooth implementation of the Wind and Solar Energy Project
Conduct of Public Hearing for the Water Classification of Subic Bay’s marine
waters for classification of our water body so we can better manage and protect
it from degradation and pollution as required by law.
Participation in World Coastal Clean Up Day
36S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
13%↑
SBMA Gross Revenues
38S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
200
800
1,310
1,540 1,5001,570
1,400
1,630
2,020
2,442
2,755
0
500
1,000
1,500
2,000
2,500
3,000
1993 1996 1999 2002 2005 2008 2011 2012 2013 2014 2015
2015 IS HIGHEST EVER
2011-2015 SBMA GROSS REVENUES
39S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
1,338.16 1,443.35 1,475.06 1,594.941,813.34
60.61
184.02
544.9
846.67
941.66
0.00
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
2011 2012 2013 2014 2015
Existing Revenues New Revenues / CostRecovery Initiatives
SBMA Operating Income (EBITDA)
40S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization
7%↑
39
361
550
779
435359 329
627
920
1,391
1,484
0
200
400
600
800
1,000
1,200
1,400
1,600
1993 1996 1999 2002 2005 2008 2011 2012 2013 2014 2015
2015 IS HIGHEST EVER
SBMA Net Income
41S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
-185-82 -106
135
-102
-2540
-1119
800
1110
1556
797
-3000
-2500
-2000
-1500
-1000
-500
0
500
1000
1500
2000
1993 1996 1999 2002 2005 2008 2011 2012 2013 2014 2015
NET INCOME WITH GAIN (LOSS)
ON FOREX REVALUATION
805
1,016
0
200
400
600
800
1,000
1,200
2014 2015
NET INCOME WITHOUT UNREALIZED
GAIN (LOSS) ON FOREIGN EXCHANGE
26%↑
Comparative Figures among Luzon Free Ports
WE ARE THE LARGEST AND MOST PROGRESSIVE FREE PORT
43S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Particulars SBMA CDC CEZA AFAB PPMC
TOTAL ASSETS 28,089,039,000 5,722,137,240 5,475,883,000 1,502,943,911 97,193,218
REVENUES 2,754,650,000 1,303,999,000 492,963,000 823,966,671 66,259,000
TOTAL EQUITY 16,974,890,000 3,493,929,538 5,188,225,000 978,774,109 60,771,144
NET INCOME
(LOSS)1,110,450,000 331,736,917 200,338,000 7,530,133 (4,278,035)
Source: COMMISSION ON AUDIT
REGIONAL DISTRIBUTION OF TRAVELERS
Region III Central Luzon
Source: Department Of Tourism
Guest Arrival Market Share
CLASSIFICATION CLARK
SUBIC BAY
FREEPORT
ZONE
All Other
Region III
Provinces
Combined
Grand Total Guest Arrivals 1,001,980 1,463,480 1,130,637
Total Philippine Residents 512,659 1,395,300 874,612
Total Non-Philippine Residents 489,321 37,153 256,025
Total Overseas Filipinos - 31,027 -
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 44
Still the top tourist destination in Central Luzon
45S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
TOP CENTRAL LUZON DESTINATION
FOR TWO (2) CONSECUTIVE YEARS
NO. 7 FRIENDLY DESTINATION
IN THE PHILIPPINES
Highest number of regional travelers - both local and foreign - based on reports submitted by
accommodation establishments in all the seven (7) provinces and two (2) special economic
zones in Central Luzon
SOURCE: www.visitmyphilippines.com – The Ultimate Travel Guide for Tourists, August 12, 2015
Increased interest in Subic Bay Freeport as a destination
SUBIC
AMONG GOOGLE PH’S
2015 MOST SEARCHED
DESTINATIONS
46S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Subic Bay Freeport: The Best in Asia and the Philippines
SBMA’S FIRST INTERNATIONAL
RECOGNITION AND GLOBAL
AWARDS
47S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
fDi Magazine is a publication of Financial Times of London
What We Face in 2016
THREATS
Heightened political activities due to 2016 National and Local Elections
ISIS threat in Southeast Asia, including Philippines
This year’s El Niño, which is expected to bring devastating weather
disturbances similar to those in 1997, when PH suffered from 11 super
typhoons and several storms that caused almost US$5 billion worth of
damages
Political instability, affecting FDI climate
49S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
What We Face in 2016
OPPORTUNITIES
PH among the top three countries in business optimism in 2016, as
showed in global survey by Grant Thornton’s International Business
Report
Continued exit of investors from China paving the way for the
emergence of Philippines as the next big investment hub in Asia
Continued interest of PH in joining the Trans-Pacific Partnership (TPP)
to lower or eliminate trade restriction
50S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
What We Face in 2016
OPPORTUNITIES
Strong prospect of ASEAN countries to attract higher levels of FDI flows
given the strong economic fundamentals, resilient economies, and
growing affluence of consumers in the region
Growing labor force with median age of 23 will result in demographic
dividend creating a huge talented labor pool for jobs and a huge
consumer market
Big election spending, resulting in uptick in GDP growth
Continued port congestion
51S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Where are we going? SUBIC 2020
2016 Strategic Directions
Major focus on retirement/BPO/Maritime/new locators
Creation of new industrial parks for foreign investors
Sister Port MOUs with Taiwan, Virginia Beach and San Francisco
Increased CAPEX, especially for transport equipment, roads, airport, etc.
Continued work on new SBMA Corporate Center
Institutionalization of good governance reforms
Feasibility studies for expansion plans i.e. Tipo widening, new connector road to
SCTEX, and Container Terminal 3 and 4.
Improved CUSA and ETAF collections
SSL approval and inclusion under new SSL program
Further reduction of red tape and improvement of customer service
53S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Industrial and Commercial Leases Strategic Business Unit
2016 TARGETS
1. Implementation of the Golf Course LDA
Minimum Committed Investment: US$30 million
Projected revenues: US$375,000 per annum plus 5% SBMA gross revenue share
Approximately 2,000 additional foreign retiree residents
2. Approval and award of the former Legenda Hotel facility compound to
a BPO Gaming developer
Minimum Committed Investment: PHP 300 million
Projected lease rental revenues: PHP43.2 million per annum
Approximately 2,000 foreign BPO agents to reside in Freeport area
3. Approval and award of Bldg. 8120 compound to a new lessee
Projected lease rental revenues: PHP30 million per annum
4. Approval and award of the AIS school compound to a new lessee
Estimated committed investment: PHP100 million
Projected lease rental revenues: PHP30 million per annum in addition to a one-time
payment to SBMA of Php15 million
54S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Industrial and Commercial Leases Strategic Business Unit
2016 TARGETS
5. Approval and award of Bay 1, Bldg. 1026 to a new lessee
Projected lease rental revenues: PHP6.72 million per annum
6. Approval and award of Blue Skeleton to a new lessee and hotel /
resort developer
Estimated committed investment: US$50 million
Projected lease rental revenues: PHP19.5 million per annum
7. Approval and award of 2.4 hectare-lot at the back of SBDMC to a new
lessee
Estimated committed investment: PHP25 million
Projected lease rental revenues: PHP15 million per annum
8. Approval of floating depot / drydock projects
Estimated committed investment: US$15 million
55S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Tourism Strategic Business Unit
Some 2016 Big Events
● Pilipinas Ad Summit 2016 ● Bike King Cycling Event
● 2016 Holy Week Activities ● Subic International Marathon
● Century Tuna Iron Man ● Vios Cup 2016
● Regent 5150 Triathlon ● 2016 National Tourism Week
● Triathlon Association of the Phils. ● 2016 Christmas Celebration
ASTC Subic Asia Cup and New Year’s Eve Countdown
Production of new tourism promo and marketing materials, including TV
commercial, AVP, Lupang Hinirang, and official jingle
PLDT-SubicTel LED (light-emitting diodes) display boards along Freeport
major thoroughfares
56S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Redevelopment of Triboa Bay
A project of the MSK Group,
through its affiliate
companies Xantheng (Subic)
International Corp., Weihsin
Subic Bay Corp., and
Zangyueh Development
Corp.
Projected total investment:
US$15 M for the
redevelopment of Triboa Bay
Clubhouse and Triboa tennis
and badminton courts
through construction of three
(3) new building facilities
Total of 116 hotel rooms and
180 condo units
Leisure Projects in the Pipeline
57S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Leisure Projects in the Pipeline
Subic Smart Hospitality Corp. (Japan)
US$30 M minimum investment
Redevelopment of Subic Bay Golf
Course into a world-class, all-weather
facility
Development of a retirement community
for Japanese retirees (Minimum of
2,000)
Benefic Corp. (Japan)
PHP150 M committed investment
Three (3)-storey dormitory / hostel
building facility
58S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Good Governance Strategic Initiatives for 2016
Augmented 2015 budgeted totaling PHP400 million for salary increase under the
Standard Salary Law retroactive to 2012
Institutionalization of Integrity Program in SBMA and signing of Integrity Pledge by
Freeport locators as a shared commitment to adhere to ethical business practices
Celebration of Women’s Month in SBFZ to promote the welfare and development of
womenfolk under a progressive GAD program.
59S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
INDUSTRY SECTOR SOURCE NO. OF JOBS NATURE OF JOBS
TOURISM & SERVICES 10,000HRM, Hotel Staff, Chefs,
Nutritionists, Back Office
SHIPBUILDING 10,000
Welders, Painters, Design
Engineers, Naval Architects,
Scaffolders
BPO 20,000
Call Center Agents, IT Technicians,
Design Engineers, Web Design
Specialists, Medical Transcribers
MANUFACTURING 5,000Factory Workers, Technicians,
Production and Quality Supervisors
MARITIME & LOGISTICS 5,000Warehousemen, Shipping
Specialists, and Customs Brokers
Target: Additional 50,000 Job Prospects
60S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
INCLUSIVE GROWTH
61
THE GOOD NEWS
“The Philippines is projected to become one of the world’s 16
largest economies in the next 35 years, joining a list of newly
emerging and established emerging economies that are
helping to push the shift of economic power from advanced
economies to emerging markets,”
PricewaterhouseCoopers, A global consulting company
February 2015
MEDIA ADVISORY
TO SECURE A SOFT COPY OF SBMA CHAIRMAN
ROBERTO V. GARCIA'S 2015 STATE OF THE
FREEPORT ADDRESS, PLEASE BRING YOUR FLASH
DRIVE TO THE PUBLIC RELATIONS OFFICE, BLDG.
255, BARRYMAN ROAD OR CALL (047) 252.4368 /
252.4338.
YOU MAY ALSO DOWNLOAD IT FROM
www.mysubicbay.com.ph/about-us/performance-state-
of-the-freeport-address
THANK YOU.