SBMA was recently awarded the International Finance Awards for Best Social Responsibility Initiative and Fastest Growing Free Trade Zone, a great recognition that validates the efforts of the agency. “It was definitely not an easy task,” shares Atty. Wilma Eisma, the Chairman and Administrator of SBMA, “because there were so many factors at play – stakeholders corporation, government support, and even staff capability.”
As part of its mandate to generate job opportunities and promote the Subic Bay Freeport Zone as an investment hub, the SBMA aims to generate more investment projects, and is currently expanding the scope of the Freeport to neighboring municipalities, particularly San Antonio and San Marcelino in Zambales, and Hermosa in Bataan.
SBMA has also zeroed in on the development of the Redondo Peninsula in Subic, Zambales, where Hanjin (HHIC-Phil. Inc.) and RP-Energy are currently located.
Not only does SBMA plan for expansion in industrial development but also in tourism, especially with the emergence of Subic as one of the premier cruise ship destinations in the country. The goal is to showcase the beauty and safety of the Subic Bay Freeport Zone and to train the light on the beauty and offerings of contiguous areas, including Zambales, Bataan, and Pampanga.
SBMA also supports the enhancement of the current and new world-class entertainment and tourist facilities such as resorts, casinos, and the like, which in the past have led to tourist influx.
The combination of an international airport and a world-class seaport presents a very unique advantage for SBMA. Considering the strategic location and Freeport status that provides unparalleled business and tax incentives for both Freeport locators and tourists, Subic is set for great success.
In order to maximize this advantage, SBMA has developed both short-term and long-term programs, which include the use of technology and the streamlining of procedures and systems that promote not only efficiency and ease of doing business, but, more importantly, transparency and the safeguard of the government’s interest.
Atty. Eisma shares: “For locators and port users, and in support of the Build, Build, Build initiative of the government, SBMA has earmarked funds to improve its port facilities, with the goal of being able to handle both current and future demands.
“But be assured that in the pursuit of development, we won’t sacrifice the environment that has made Subic a much better venue for both business and leisure,” she ends.