2012 state of the freeport address
Post on 20-Mar-2016
222 Views
Preview:
DESCRIPTION
TRANSCRIPT
Key Performance Indicators
CUMULATIVE INVESTMENTS
(1992 - 2011)
Year Committed Investments
(Cumulative)
2011 US$8.403 B
2010
US$7.167 B
Up by
17%
Key Performance Indicators
COMMITTED INVESTMENTS FROM
NEW PROJECTS
Year Committed Investments
2011 US$1.236 B
2010 US$1.210 B
Up by
2%
Key Performance Indicators
2011 FOREIGN AND LOCAL INVESTMENTS
5 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
US$160 M
US$1,074 M
Foreign Direct Investment Local Investments
Key Performance Indicators
TOTAL JOBS GENERATED
Year No. of Workers
2011 88,957
2010
88,450
Up by
0.57%
Key Performance Indicators
BIR & BOC Cash Remittances
to National Government
Collecting
Agency 2011 2010
BIR PhP 1,106,889,030.79 PhP 1,706,288,635.14
BOC PhP 6,053,353,210.12 PhP 4,973,793,844.44
TOTAL PhP 7,160,242,241.00 PhP 6,680,082,480.00
Huge financial losses
O F F I C E O F T H E C H A I R M A N A N D A D M I N I S T R A T O R
Gross Revenues vs. Net Income
TOTAL CUMULATIVE LOSS: PhP 7 Billion
(3,000,000,000.00)
(2,000,000,000.00)
(1,000,000,000.00)
0.00
1,000,000,000.00
2,000,000,000.00
3,000,000,000.00
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Gross Revenue
Net Profit / Loss
Lack of land for new investors
11 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
Land Resource No. of Hectares % of Total
Total Land Area 67,452 ha. 100.00
Less:
Protected Areas
Undevelopable Areas
Leaseable Areas
53,852 ha.
10,341 ha.
2,959 ha.
79.84
15.33
04.39
Leasable areas available for
new investors 300 ha. 0.44%
Under-utilized Airport
12 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
SBIA Comparative Revenue vs Expenditure [2005-2011]
(in PhP thousand)
Year Annual Revenue Annual Expenditure Net Cash Flow after Debt
Servicing
2005 255,187 59,763 30,306
2006 219,035 57,451 2,468
2007 193,948 53,848 -11,386
2008 176,410 52,234 -30,311
2009 126,434 44,072 -74,070
2010 31,368 32,003 -154,969
2011 36,571 37,128 -151,797
Under-utilized Container Terminal 1
13 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
CONTAINERIZED CARGO VOLUME (in TEUs)
Year Total Cargo
Volume Growth Rate Capacity Utilized
2007 24,958 8.32%
2008 21,184 -15.12% 7.06%
2009 21,906 3.41% 7.30%
2010 25,661 17.14% 8.55%
2011 27,671 7.84% 9.22%
Total
Capacity Average Annual
Volume (2007-2011) Unutilized Capacity
300,000
TEUs 24,275.90 TEUs
(8% of total capacity) 275,724.10 TEUs
(92% of total capacity)
Develop Tourism Niche Markets
Operation Facelift
Development focus
Theme Park Capital of the Philippines
Top Sports Tourism Destination
Cruise Ship Destination
Eco Tourism Activities
16 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
Promote Maritime Businesses
DOTC’s support to attract maritime logistics players to do
business in the Port of Subic
Build container volume by matching business interests of
major Luzon shippers & shipping lines
Maximize Vale ore transhipment project
Develop Subic as homebase for Super Yachts
Increase repair & maintenance facilities for boats & ships
17 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
Develop Housing
Development of various residential types for specific
markets:
• High-end residences
• Middle class housing
• Workers’ dormitories
18 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
Rationalize Industrial & Commercial Leases
Shift from landlord to developer
• Development of unutilized & idle properties
Focus on high-value industrial
& commercial leases
Provide environment for investors
to become competitive & successful
• Improved ease of doing business
• Competitive cost of doing business
19 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
Conversion of SBIA into an Integrated Family-
oriented Tourist Destination
20 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
Principles of good governance
22 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
GOOD
GOVERNANCE
Accountability Openness
& Transparency
Stewardship Integrity
Good Governance Initiatives
Adopted new By-laws & Code of Ethics
Created board committees such as:
1. GOVERNANCE
2. FINANCE
3. AUDIT & RISK
4. CORPORATE COMMUNICATIONS
5. SIGNATURE PROJECTS
Reviewed & audited all existing problematic contracts
Conducted Social Acceptability Process among all concerned
stakeholders for coal power plant
Acted on COA’s Turnover Audit recommendations
Restructuring loans to meet SBMA’s financial obligations
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
top related