SBMA registers its fourth record-breaking year, as it posts new highs in its 23-year history, i.e., Highest Gross Revenues of PHP2.75 billion; Highest Operating Income (EBITDA) of PHP1.48 billion, and Highest Net Income of PHP841 million.
SBMA bags its first major global awards for Subic Bay Freeport as Free Zone of the Year 2015 in Asia and also as Free Zone of the Year 2015 in the sub-regions of South and South East Asia, and has likewise been commended for Infrastructure Improvements and Reinvestment by fDi Magazine, a publication of London’s prestigious Financial Times.
SBMA manages to reduce its debts by 36 per cent, thus enabling it to pursue much-needed capital expenditures such as land and building improvements, IT equipment, motor vehicles and heavy equipment; as well as much-deserved salary increases to its employees.
Out of the 54 government-owned and –controlled corporations, the SBMA ranks No. 11, after remitting dividends of nearly PHP573 million to the National Treasury, reflecting an impressive increase of 117 per cent from last year’s PHP243 million.
The Port of Subic breaks the one-billion-peso mark, as its revenues reach PHP1.08 billion, making the Maritime and Logistics strategic business unit the Agency’s top performer fo the year in terms of operating revenues.
Shipping companies that regularly call on Subic increase from merely two (2) in 2011 to a total of seven (7); thus completing Subic’s connectivity to the global cargo industry. These shipping lines are American President Lines (APL), Wan Hai Lines, MCC/Maersk Line, Nippon Yusen Kaisha, (NYK), K-Line, Shandong International Transportation Corporation (SITC), and Swire/Soriamont.
Subic’s Container Terminal 2 registers its 100,000th twenty-foot equivalent unit (TEU) cargo container, marking a milestone in Subic Bay Freeport’s maritime industry.
The Department of Tourism names Subic Bay Freeport as Region III’s most visited tourist destination for the second time in a row.
Leading global search engine Google names Subic Bay Freeport as among the 10 most popular trending search terms for Philippine vacation destinations in 2015.
The SBMA confers its first Mabuhay Business Awards to 15 Freeport business locators for strengthening the local economy and contributing significantly to the growth of the country’s gross domestic product.
For the first time, the SBMA celebrates Arbor Day in the Freeport, engaging the support of employees, locators, and other community stakeholders.
The number of workers in this premier free port breaches the 100,000th mark, as Subic Bay Freeport continues to attract investors in the tourism and manufacturing industries.
More than 1.4 million tourists visit the Freeport, which is equivalent to a 21-per cent increase from last year’s total, while the number of international sports and other events expands by 65 per cent.
Committed investments for tourism/leisure-related businesses reach PHP2.13 billion, posting an incredible hike of 113 per cent from last year’s figures.
The SBMA releases a total of PHP248 million in revenue shares to local government units adjacent to and affected by the operation of the Freeport, exceeding by 21 per cent the PHP206-million shares given last year.
The cruise ship MV Silver Shadow docks at the Port of Subic, bringing around 700 crew and passengers, mostly European tourists.
Subic Bay Freeport takes on a pioneering role, as a US$200-million combined solar and wind farm with a total capacity of 150 megawatts of renewable energy breaks ground as one of the first major clean energy projects in the country and the biggest solar installation in the whole Southeast Asia.
With a committed investment of U$30 million, Singapore-based Interflour Group Pte Ltd. (Interflour), one of the producers of the finest flour in the world, kicks off the construction of its Philippine mill in a 52,852-sq.m. lot at Subic Bay Gateway Park Phase II, as part of its expansion program to meet flour demand in Southeast Asia.
The Philippine Red Cross (PRC) inaugurates its logistics and training center in Subic Bay Freeport, revalidating the importance of the free port as a domestic and international logistics hub.
SBMA dispatches its multi-awarded Search, Emergency, and Rescue Team (SERT-SBMA) to assist in search and rescue, as well as clearing operations, in calamity areas in Luzon and Visayas, and as part of the Red Cross contingent to assist in earthquake-stricken Nepal.
SBMA Chairman Roberto Garcia and officials of the Association of Accredited Advertising Agencies of the Philippines (4As) sign a memorandum of agreement to hold the next Ad Summit again at the Subic Bay Exhibition and Convention Center (SBECC).
The Tribung Ambala Ayta of Subic Bay receives a total of PHP11.72 million from SBMA, representing the tribe’s five (5) per cent share of leases earned within its ancestral domain, as well as livelihood assistance and financial assistance for their Christmas and fiesta celebrations.
With the support of Subic Bay International Terminal Corporation (SBITC), the SBMA holds the Second Subic Bay Maritime Conference an Exhibit, providing more than 500 local and foreign participants with comprehensive updates on the Freeport’s exciting prospects as a booming logistics hub and investments destination in Asia.
Subic Bay Freeport reinforces its reputation as the Triathlon Capital of the Philippines with the holding of big-name triathlon events in the Freeport such as Challenge Philippines Triathlon, 5I50 Triathlon Series, Iron Man, Tri-United Race Series, etc.
The Regional Development Council of Region 3 (RDC 3) cites SBMA for its financial and investment strides in the past three years, specifically commending it for “the financial viability of the authority, improving the collection of customs duties and other taxes, as well as increasing investment commitments within the Freeport and Special Economic Zone, and for optimizing container traffic at Subic Port”.
Currently the world’s 15th largest super yacht and largest expedition yacht Octopus, reportedly owned by Microsoft co-founder Paul Allen, docks at Nabasan wharf of Subic Bay Freeport.
The Subic Bay Metropolitan Authority (SBMA) enjoys another record-breaking year, as the Agency registers its highest ever gross revenues (PHP2.44 billion), operating income (PHP1.39 billion), and net income (PHP1.56 billion); as well as substantial revenue gains across all Freeport business sectors.
The SBMA remits a total of P185 million to the National Treasury, the highest among the other eight (8)free ports and special economic zones and the first time for the Agency to do so after more than a decade.
The Agency releases a total of PHP199 million to local government units (LGUs) contiguous to Subic Bay Freeport, representing a 28 per cent increase in the LGUs’ revenue shares for the year.
The SBMA passes the first audit of its ISO 9001:2008 Certification with absolutely "zero minor and major non-conformities", a rare feat that no other Philippine government agency has ever achieved.
The Bureau of Customs and the Bureau of Internal Revenue in Subic Bay Freeport collect a total of PHP17.1 billion worth of taxes or 35 per cent higher than the previous year, providing concrete proof of the steady growth of the Freeport’s economy.
The SBMA turns over PHP14.8 million to Pastolan Aytas as land rental, the first time in the country’s history that an indigenous people’s group receives a share of payment for the use by investors of their ancestral land.
Tourism attractions in the Subic Bay Freeport Zone and the province of Zambales emerge as the bestsellers in Central Luzon last year, generating more than a third of the region’s overall arrival figure of 3.1 million from January to December 2014, based on the Department of Tourism–Region III’s monthly survey reports.
Subic Bay grows by leaps and bounds as a destination for meetings, incentives, conventions, and exhibits (MICE), as the number of MICE and special events expands by 43 per cent and the number of participants by 94 per cent.
China-based SITC Container Lines (Phils.), Inc. opens a direct route from Xiamen, China, to Subic and Japan-based Nippon Yusen Kaisha (NYK) Line, one of the largest shipping companies in the world, makes its first direct Kaohshuing-Subic call, joining other major shippers that use the Subic Port as a more viable alternative to the congested Ports of Manila and Batangas.
Port activities in Subic intensify, resulting to significant growth in actual port revenues (45 per cent), containerized cargo volume (105 per cent), non-containerized cargo volume (154 per cent), number of ship calls (19 per cent), and gross registered tonnage (20 per cent).
The SBMA’s First Women’s Summit is held with the theme, “Ang Bagong Pinay”, as part of the Agency’s 22nd year founding anniversary to promote the welfare and development of womenfolk and update them on the latest socio-economic and political issues that have significant bearing on them.
Leaders and delegates from seven (7) major ports in Asia – Colombo, Sri Lanka; Mokpo New Port and Dangjin, South Korea; Tanjung Perak, Indonesia; Qingdao, China; and Subic and Cebu, Philippines – meet in Subic for the 16th General Assembly and Symposium of the International Network of Affiliated Ports with the theme, “Opportunities of ASEAN Integration".
Top executives in the advertising industry commend the SBMA and other tourism stakeholders in the Freeport for the successful staging of the first ever Ad Summit Pilipinas 2014.
Subic Bay’s reputation as the “Triathlon Capital of the Philippines” is further boosted with the signing by SBMA of a three-year MOA with the organizers of the prestigious Century Tuna IRONMAN 70.3 and the continued in holding of the widely acclaimed Summit 5150, TRAP, and Tri-United in Subic.
Subic Bay Freeport hosts the GAC-ITTF Philippine Open Challenge Series ITTF (International Table Tennis Federation), the biggest international table tennis tournament to be held here in the Philippines.
A Supreme Court ruling upholds the RP Energy’s coal power plant project in Barangay Cawag, Subic, Zambales; thus paving the way for the construction of the plant.
The SBMA’s Law Enforcement Department is recognized by the PNP’s Anti-Illegal Drug Special Operation Task Force for its “valuable and outstanding support” to the seizure of PHP2.5 billion worth of shabu in Subic, Zambales.
The SBMA Rescue Team is elevated to the Hall of Fame of Gawad Kalasag Best Government Emergency Response Team.
Top literary writers from all over the country gather in Subic Bay for “Taboan 2014,” the biggest literary festival in the country, a landmark project of the National Committee on Literary Arts of the National Commission on Culture and Arts in line with the celebration of the National Arts Month.
Consistent with Subic Bay’s image as a popular drive-in destination for tourists, the Freeport becomes the selected venue for the Asia-Pacific Drive Tourism Conference, Auto and Travel Show.
SBMA Chairman and Administrator Roberto V. Garcia signs the Integrity Pledge of the Integrity Program Philippines, committing the Agency to ethical business practices in support of President Benigno S. Aquino III’s “Daang Matuwid” program, and succeeds in encouraging Freeport locators to do the same as a shared commitment to ethical business practices.
SBMA strengthens the implementation of the Citizen’s Charter or Republic Act No. 9485, otherwise known as the “Anti-Red Tape Act of 2007”, to improve efficiency in the delivery of government service to the public by reducing bureaucratic red tape, preventing graft and corruption, and providing penalties for violations of the Act.
President Aquino signs Executive Order 172, “declaring the ports of Subic and Batangas as extensions of the Port of Manila (MICT/South Harbor) during port congestion and other emergency situations”.
The SBMA hosts its first ever “Traffic Summit” with operators and drivers of cargo-hauling companies to discuss measures for ensuring efficient traffic flow of container trucks in the Freeport and avoiding port congestion.
A Supreme Court ruling upholds RP Energy’s coal power in Barangay Cawag, Subic, Zambales; paving the way for the construction of the plant which will provide adequate and lower priced power to the Freeport.
SBMA breaks its 2012 net profit record of P824 million, as it posts a net profit of P1.2 billion, the agency's highest in its entire 21-year history, and as its gross revenues of P2.09 billion and EBITDA of P992 million for the year reach an all-time high.
The municipal council of San Antonio, Zambales formally turns over to the Subic Bay Metropolitan Authority (SBMA) an area covering 10,000 hectares for development into an economic zone.
The National Historical Commission of the Philippines (NHCP) unveils a historical marker in front of the Spanish Gate for the port of Subic, recognizing the contribution of the area and the role of Filipino workers in the economic development of the nation.
The Agency's Emergency Rescue Team is cited by the National Disaster Risk Reduction and Management Council as the Best in Government Emergency Response Management at the 2013 Gawad Kalasag Awards, the second such award for urban search and rescue for the SBMA since 2009.
The Subic Bay community welcomes Ms. World 2013 Megan Young who hails from Olongapo City and is the first ever Filipina to win the world beauty title.
SBMA releases a total of P74.5 million worth of revenue shares for the first semester of 2013 to local government units of Olongapo City; Subic, Zambales; Dinalupihan, Bataan; San Marcelino, Zambales; Hermosa, Bataan; San Antonio, Zambales; Morong; and Castillejos, Zambales; representing the LGUs' two (2) percent share of the five (5)% corporate tax paid by Freeport locators.
With H.E. President Benigno S. Aquino III as the guest of honor, the Subic Bay community welcomes the arrival of BRP Ramon Alcaraz (PF-16), the newest and most modern ship of the Philippine Navy.
SBMA signs a P20-billion contract with Korean-owned Resom Resort Phils. for the development in the Freeport of a world-class tourism resort complex.
SBMA receives its ISO 9001:2008 Certification after passing the audit done by AJA Registrars, Inc., an independent certification body headquartered in the United Kingdom, placing the SBMA at par with other organizations and companies around the world in terms of quality management systems.
SBMA launches its new website mysubicbay.com.ph with individual portals for business and investment (Invest), the Port of Subic (Ship), the Subic Bay International Airport (Fly), Subic Bay tourism (Visit) and the Subic Bay Freeport Community (Live).
Vale Shipping Holdings Pte. Ltd. begins operating its second floating terminal for iron ore transshipment.
SBMA's net profit expands by 62 percent for the first quarter, as compared to its performance for the same period in 2012, as its seaport revenues and regulatory income improve by 58 percent and 118 percent, respectively.
Subic Bay strengthens its position as a MICE and sports destination, as the number of participants in Meetings, Incentives, Conventions and Exhibits (MICE) and other tourism-related events, and sports events surge by 254 percent and 308 percent, respectively, for the first quarter, compared to the same period last year.
Top Timorese officials led by Jose Luis Gutierres, Minister of Foreign Affairs and Cooperation, and Minister of State of the Democratic Republic of Timor-Leste, visit Subic Bay Freeport to learn how the former American naval base has been transformed into a thriving eco-industrial enclave.
SBMA holds the Second Subic Bay Water Summit 2013, with various activities at Harbor Point and the Subic Bay Exhibition and Convention Center and in cooperation with the various stakeholders within the Subic Bay Freeport Zone, in an effort to address the state of Subic Bay waters, including the challenges and solutions attendant thereto.
SBMA and the Asian Institute of Management execute the Integrity Initiative and Integrity Pact - a tool aimed at preventing corruption in public contracting and is essentially an agreement between a government agency such as SBMA and all bidders for public contracts that stipulates that neither side will pay, offer, demand or accept bribes, collude with competitors to obtain contract or engage in such abuses while executing a contract.
SBMA posts a record net income after taxes of PhP789 million, the highest in its 20-year history, as against its losses of PhP1.118 billion in 2011.
The number of new approved investment projects increase substantially by 180 percent while the Port of Subic registers an impressive growth in freight on board (FOB) values by 133 percent versus 2011 figures.
The Department of Tourism (DOT) recognizes "Subic Bay Freeport and the entire province of Zambales in general has been identified by the Department of Tourism as one of the Top Destinations in the country due to its wide array of quality standard tourist facilities and level of visitation it generated from local and foreign tourists".
SBMA celebrates the 20th year anniversary of the formal turnover of the former US Subic Naval Base to the Republic of the Philippines.
"After a careful and in-depth evaluation of all convention facilities in the region", DOT - Region 3 announces its "unequivocal choice of Subic Bay Freeport as the Premier Convention Capital of Central Luzon".
SBMA successfully holds the first-ever Subic Bay Maritime Conference and Exhibit at the Subic Bay Convention and Exhibition Center with Subic Bay International Terminal Corporation as co-organizer and with more than 500 local and foreign participants.
A web-based Structured Archive Retrieval System is implemented agency-wide in an effort to standardize the documentary processes of all SBMA departments and offices, decrease expenditures on paper and other related supplies, and increase the transparency of the agency's processes; resulting in a possible savings of up to P12.5 million in operating and capital expenses.
Brazil's Vale Shipping Holdings Pte. Ltd. (VSH), an affiliate of Vale SA, which is the second largest mining company in the world and the largest producer of iron ore and iron pellets, launches its US$52-million iron ore transhipment hub in Subic Bay Freeport, bringing in a total revenue collection of PhP72.34 million by year-end. Subic Bay Freeport hosts two major triathlons - 2012 K-Swiss ITU Subic Bay International Triathlon and the first Century Tuna 5i50 Triathlon - attracting more than 1,400 local and foreign professional and amateur triatheletes, and prompting international sports magazine TriMag Asia to note that "Subic Bay... with its interesting course and friendly atmosphere is increasingly getting a reputation for top notch races".
President Benigno Simeon Aquino III appoints SBMA Chairman Roberto V. Garcia as SBMA chairman and administrator, and Joven D. Reyes as a member of the SBMA Board of Directors.
The SBMA's Ecology Center, together with volunteer bat counters, completes its second 2011 population survey of fruit bats, one of the most popular species endemic to this free port zone, to promote the conservation of these nocturnal mammals.
The SBMA joins the official launch of the Asian Cruise Terminals Association (ACTA) at the Marina Sands Convention Centre in Singapore on the eve of the opening of Cruise Shipping Asia 2011, a three-day conference and exhibition on the growing Asian cruise market.
The SBMA's Emergency Rescue Team (ERT) again receives a well-deserved recognition, this time from the town of Calumpit in Bulacan province for its participation in rescue operations at the height of the flooding caused by typhoon "Pedring'.
Investment pledges from local investors reach an all-time high of $1.07 billion in the first nine months of the year, entirely dominating the arena with 72 out of the 95 projects approved by the SBMA Board in the said period. Topping these local investments are three (3) new renewable energy projects with committed investments totaling more than $1.03 billion, comprising 97 percent of total local investment pledges.
President Benigno Simeon Aquino III visits the Hanjin Heavy Industries and Construction Corp. (HHIC) shipyard in Redondo Peninsula for the first time to grace the naming ceremony of two (2) bulk carriers commissioned by the Adani Group of India.
The Subic Bay Metropolitan Authority (SBMA) releases LGU shares, totaling PhP59.9 million, to contiguous and affected local government units under a new tax collection scheme, involving the direct collection by the SBMA of two (2) percent of the five (5) percent corporate tax paid by SBFZ locators.
Eight (8) members of the SBMA search and rescue unit are sent to Japan to help in rescue operations in the wake of the catastrophe caused by an 8.9-earthquake in that country. Joining the SBMA team are the search and rescue groups of the local government units of Makati and Pasig for a 10-day search and recovery operation.
The new SBMA Board of Directors (BOD) holds its first regular board meeting.
The SBMA, the Pastolan Tribal Council and the National Commission on Indigenous Peoples (NCIP) sign a Joint Management Agreement (JMA), recognizing and respecting the rights of the Aetas in their pursuit of economic, cultural and social development based on the IPRA law and programs implemented by the government. The JMA also provides for the systematic management and development of the ancestral lands as indicated in the Ancestral Domain Sustainable Development and Protection Plan, while ensuring the promotion of the Aetas' human rights.
The SBMA board approves three (3) renewable energy investment projects, namely: Energy Logics Solar Holdings, Inc., which pledged $458.5 million in August to establish and operate a solar energy project; Jobin-SQM, Inc., with $300 million in January to engage in new renewable, non-conventional and environment-friendly energy sources and systems; and Energy Logics Philippines, Inc., with $280 million in August to develop, install, construct and operate a utility-scale wind energy project.
Investment pledges from local investors reach an all-time high of $1.07 billion for the first nine months of the year, entirely dominating the arena with 72 out of the 95 projects approved by SBMA BOD for the said period.
The SBMA takes on a significant role in the government's National Greening Program (NGP), as the Agency signs a joint memorandum of agreement with the Department of Environment and Natural Resources (DENR) and the Department of Science and Technology (DOST) for the establishment of an indigenous tree species nursery in the Freeport.
The SBMA hosts the Second Pro-Tem meeting of the Asian Cruise Terminals Association (ACTA), as officials from various ports in Singapore, Malaysia, Kobe, and Shanghai cite Subic's potential as a cruise destination.
Cumulative investments in the Subic Bay Freeport reach US$7.176 billion, posting a healthy increase of 20 percent from last year's total of US$5.958 billion.
Foreign and local tourist arrivals at the Freeport breach the five-million mark, reaching 5.4 and exceeding last year's total of 4.1 million by 33 percent.
The Subic Bay Metropolitan Authority (SBMA) inaugurates its new Regulatory Building, which is envisioned to serve as its One-Stop-Shop for servicing locator licensing and permitting requirements.
The SBMA harnesses the power of the new media and social networking through a re-designed and re-developed corporate website (www.sbma.com), and a tourism-oriented, fan-based account (Destination Subic Bay) in Facebook.
The SBMA's community radio known as Subic Bay FM resumes broadcast at its new station site at Building N.
The SBMA takes a major step toward the protection and sustainability of Subic Bay by calling for the first Subic Bay Water Summit among various stakeholders in the Subic Bay Area, resulting in a Declaration of Commitment among duly elected/appointed representatives of local government units (LGUs), national and regional government organizations (GOs), and other stakeholder groups.
Total active workforce in the Freeport expands to 89,271, as of end-June 2010, and benefits some 446,355 Filipinos based on five (5) individuals per household, which is the average size of a Filipino family.
The SBMA signs up Sunnew Investments Ltd. of China for the establishment of a US$75-million 50-megawatt (MW) wind energy project in Redondo Peninsula, which is expected to produce about 50 MW of power by 2012, and make the Subic Bay Freeport the country's first Freeport with an alternative energy source.
RP Energy commits to build a US$0.5-billion, 600-megawatt coal-fired power plant as a joint venture between Taiwan Cogeneration Corporation and Aboitiz Power. The first 300-MW is expected to be online by 2012.
Philip Morris International inaugurates its US$20-million regional leaf tobacco distribution center at the Subic Techno Park.
The SBMA inks an agreement with Broadband Broadcast Services (BBS)-Philippines for the management, operation and expansion of the Mabuhay Satellite's Subic Space Center, a pioneer satellite telemetry, tracking and control system facility in the Philippines.
In line with the promotion of Subic Bay as a cruise ship destination, the SBMA is named as one of the founding members of the Asian Cruise Terminals Association (ACTA), together with Singapore. Japan, China and Korea. The ACTA aims to provide members with a platform for regional cooperation in terminal development, operations and management.
PLDT Subic Telecom partners with the SBMA in promoting the Freeport's emerging IT capabilities to enable Subic Bay Freeport to compete directly with the country's leading ICT players like Manila, Cebu, Davao and others.
HHIC-Phil unveils the country's biggest crude oil tanker and the first one to be built in the Freeport, bringing to eleven (11) the number of vessels it has produced at its Redondo shipyard, and putting Subic in the map of high-value growth industries and the radar screen of ship buyers worldwide.
The workforce in the Freeport continues to grow proportionately to its development as a maritime hub. As a labor-intensive industry, HHIC-Phil's shipbuilding operations and construction activities, in particular, have created 16,874 jobs with an annual payroll of PhP3.25 billion, as of end-2009.
Cumulative investments total US$5.96 billion at the end of the year. Major projects include Ayala Land, Inc. and Ocean Nine Philkor Inc. which commit US$53.51 million and US$52.39 million worth of investments, respectively.
The Subic Seaport breaks its record performance by posting an all-time high income of more than PhP472 million, translating into a substantial increase of 71 percent from its 2008 total revenue of PhP276.24 million.
Tourist arrivals in the Freeport hit a total of 4.1 million, as against 3.3 million in 2006, 1.5 million in 2007, and 2.9 in 2008.
For the third time, Subic Bay once again hosts the 21st Philippine Advertising Congress at the Subic Bay Exhibition and Convention Center.
The Department of Tourism names Subic Bay as the No. 1 local tourist destination of the year and one of the country's bird-watching sites.
The SBMA's bid to become a MICE destination strengthens, as the Subic Bay Exhibition and Convention Center becomes the venue of 100 events with a total attendance of 61,177 participants. These figures translate into almost two (2) events and more than 1,176 MICE participants/visitors a week.
The Subic Bay Metropolitan Authority (SBMA) musters an incredible increase of 1,198.87 percent in foreign direct investments for the period January-May, compared to the same period in the previous year.
The SBMA finishes Phase 2 of the Subic Bay Port Development Project with each phase involving the construction of a container terminal with a 280-meter berth and the installation of two (2) gantry cranes with a total handling capacity of 600,000 TEUs a year.
The SBMA completes the privatization of the SBMA Power Distribution System, involving the rehabilitation, re-structuring and expansion of the system under a five-year Rehabilitate-Operate-Transfer (ROT) scheme, resulting in the reduction of system loss from 14.1 percent to 3.48 percent, and a total savings of PhP21.02 million within a period of nine (9) months (from July 2007 to March 2008) due to discounts on transmission rates, and reducing power outages in the Freeport from 34 in 2003 to only six (6) in 2008.
The Freeport's active workforce reaches a record-high of 87,502.
Lt. Joey G. Viray of the SBMA Law Enforcement Department (LED) is conferred the Civil Service Commission (CSC)'s "Pag-asa" Award at the Malacanang Palace during the celebration of the 108th anniversary of the Philippine Civil Service.
Seventeen (17) SBMA law enforcement officers are cited by the CSC-Zambales Provincial Office for their role in the discovery and seizure of 770 kgs. of shabu in the Freeport. Three (3) of them receive the CSC's "Gantimpala Agad" Awards, the reward component of the Commission's "Mamamayan Muna, Hindi Mamaya Na" program while the rest of the law enforcers receive commendations.
Data on vehicle count, as supplied by the Tollways Management Company through the Bases Conversion and Development Authority (BCDA), show a total of 25,300 vehicle arrivals in Subic upon the opening of the Subic-Clark-Tarlac Expressway (SCTEX) during the Holy Week. Vehicle arrivals via the SCTEX increase further in December when more than 38,000 vehicles are recorded from December 26 to New Year's Eve.
The SBMA's Subic Bay booth bags two (2) tourism awards: the Top Marketing Award at the Second Philippine International Tourism Fair (PITF) in Cebu City and the Best Booth design at the 19th Philippine Travel Mart (PTM) at SM Megamall, Mandaluyong City.
The 13.16-hectare New Container Terminal 1 with an annual capacity of 300,000 TEUs begins its operations under the management of the Subic Bay International Terminal Corporation (SBITC).
The SBMA signs up Subic Neo-Cove of South Korea, which proposes to establish a 400-hectare integrated resort with a 72-hole golf course in Cawag, Subic, Zambales, with project costs of US$0.3B and US$1.0B for Phase 1 and 2, respectively.
The SBMA hosts the 10th International Network of Affiliated Ports (INAP '08) general assembly at the Subic Bay Exhibition and Convention Center.
With President Gloria Macagapal Arroyo among the distinguished witnesses, HHIC-Phil launches the first container ship built in the country, some two years after establishing itself in the Subic Bay Freeport.
The Subic Bay Metropolitan Authority (SBMA) surpasses its 2007 investment target of US$5.0 billion, as total committed investments reach US$5.4 billion, resulting in a 135 percent increase from its 2005 level.
The number of registered companies in the Freeport increases by 33.6 percent from its 2006 level.
The Freeport's export revenues experience an impressive growth rate of 40.60 percent, reaching a total of US$971.74 million, as against the previous year's US$691.15 million.
The SBMA completes the construction of Phase 1 of the Subic Bay Port Development Project, which is one of the three (3) big ticket infrastructure projects for the integrated development of the Subic-Clark area into an international logistics hub.
Philip Morris International of Switzerland selects SBF as the site of its US$20-million regional leaf tobacco distribution center.
Total active workforce in SBF breaches the 75,000-mark.
HHIC-Phil expands its investment in SBF by an additional US$684 million.
The SBMA implements antidotal measures to curb smuggling.
President Arroyo signs Executive Order No. 673, "amending Executive Order No. 340, Series of 2004, to provide for the compensation of the Chairman of the Subic Bay Metropolitan Authority [SBMA].
The SBMA builds one of the country's biggest MICE (Meetings, Incentives, Conventions and Exhibits) facilities, the Subic Bay Exhibition and Convention Center, with the 20th Philippine Advertising Congress as maiden event.
President Arroyo inaugurates the US$22.5 billion Subic-Clark-Tarlac Expressway, cutting down travel time from Manila to Subic by at least 30-45 minutes.
Subic Bay becomes a major player in the region's containerized transport industry with the completion of the New Container Terminal 1 (NCT 1). With the new facility, the Port of Subic's containerized cargo capacity increases from 125,000 TEUs to 300,000 TEUs per annum.
The SBMA turns over NCT-1 facility to its concessionaire, the Subic Bay International Terminal Corporation (SBITC).
President Arroyo signs Executive Order No. 675, "amending Executive Order No. 97-A, dated June 19, 1993, by extending the secured area enjoying the tax and duty free privileges to the Subic Special Economic and Free Port Zone, as defined Proclamation 532 dated February 1, 1995".
The Subic Bay Metropolitan Authority (SBMA) tops the list of Philippine investment promotion agencies (IPAs) after generating 45 percent of the country's total foreign direct investments (FDIs) inflows for the first and second quarters of the year.
President Gloria Macapagal-Arroyo declares the Subic Bay Freeport as a major component of the Metro Luzon Beltway, a super-region that is envisioned to become a globally competitive urban, industrial and service center.
Korea's Hanjin Heavy Industries and Construction Company-Phil (HHIC-Phil) pledges an investment of US$1.0 billion and a projected employment of 30,000 direct and indirect jobs for the development and construction of the world's second largest shipyard at the Redondo Peninsula, Subic Bay Freeport Zone.
President Arroyo issues Executive Order No. 588, "strengthening the ship-building and ship repair sector and instituting measures to promote its growth and development", and providing for the establishment of an Ad Hoc Committee with the SBMA as among its members, "to immediately formulate a comprehensive development plan for the ship building and ship repair sector."
The Subic Bay Metropolitan Authority, the Clark Economic Development Corporation and the Economic Processing Zone in Taiwan sign a memorandum of understanding for the RP-Taiwan Economic Corridor.
The Freeport successfully serves as the venue of four (4) events of the 23rd South East Asia Games - namely archery, triathlon, canoe/kayak and sailing.
President Gloria Macapagal-Arroyo appoints Francisco H. Licuanan and Alfredo C. Antonio as SBMA Chairman/Head of Agency and SBMA Administrator, respectively.
President Arroyo issues Executive Order No. 384, empowering a senior official of the Subic Bay Metropolitan Authority to combat violations of Customs laws at the SBMA area.
President Arroyo issues Executive Order No. 340, "reorganizing the Board of Directors of the Subic Bay Metropolitan Authority [SBMA] and defining the powers, functions and duties of the Chairman of the Board of Directors and the SBMA Administrator".
President Arroyo appoints Commo. Feliciano G. Salonga and Armand C. Arreza as SBMA chairman and SBMA administrator, respectively, in view of the resignation of SBMA Chairman Licuanan and the appointment of SBMA Administrator Antonio to the Monetary Board.
President Arroyo announces the inclusion of Subic-Clark in her 10-Point economic development agenda.
Construction of Phase 1 and 2 of the Subic Bay Port Development Project begins. The project envisions to decongest the Port of Manila by servicing the cargo needs of Central and Northern Luzon, and potentially contribute in filling the capacity shortage (14 million TEUs) projected for Southeast Asia.
The SBMA receives its ISO 9001-2000 Certificate of Excellence for Investor Servicing and Locator Assistance (ISLA).
President Gloria Macapagal-Arroyo formally approves the Subic Clark Alliance for Development.
The national government declares the commercialization of Malampaya as a natural gas resource.
Shell Philippines Exploration and Halliburton International starts constructing a concrete gravity structure at the Freeport's Redondo Peninsula to be used as Natural Gas Field at Palawan Island.
The Subic Bay Freeport becomes a bustling trade and tourism center, generating thousands of jobs and US$ 2-billion worth of investments in a span of four (4) years.
The Subic- Tipo road is constructed in anticipation of the Asia-Pacific Economic Cooperation (APEC)'s leaders' summit in the Freeport.
The Freeport witnesses a gathering of 18 APEC leaders and heads of state, including US President Bill Clinton, as the site of the Fourth Asia-Pacific Economic Cooperation (APEC).
President Fidel V. Ramos signs Proclamation No. 532, delineating the metes and bounds of the Subic Special Economic and Freeport Zone.
President Ramos inaugurates the Subic Bay International Airport. Fedex starts operating its Asia-One-Hub in the zone, as ACER Inc. puts up its motherboard production plant at the Subic Bay Industrial Park.
More foreign investors, pledging a total of US$314 worth of investments, move to the Subic Bay Freeport. Leading the pack are American courier Federal Express, the Subic Bay Metropolitan Authority (SBMA)-Taiwanese partner Subic Bay Development and Management Corporation, and Subic Telecommunications Co., a partnership between US firm AT&T and RP's PLDT.
Enron Subic Power Corporation invests US$115 million to operate the power plant left by the US Navy.
The Freeport's first year closes with 33 investors, committing a total of US$ 360 million worth of investments.
The Subic Bay Freeport is created through an act of the Philippines Congress known as Republic Act No.7227, or the Bases Conversion and Development Act, with Section 13 of the new law providing for the creation, mandate and functions of the Subic Bay Metropolitan Authority (SBMA) as the government's implementing agency to manage the former US naval base.
The eruption of Mt. Pinatubo brings unprecedented devastation in the province of Zambales, including the former US naval facility and its environs.
The last troops of the US Navy pull out of Subic aboard the USS Belleauwood, a couple of months after President Ramos's approval a US$ 350-million initial fund to start the base conversion.