Download - 2015 State of the Freeport Address
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BREAKING YEAR
March 16, 2016
Presented by
ROBERTO V. GARCIA
Chairman and Administrator, Subic Bay Metropolitan Authority
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The Philippine
Economy in 2015
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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
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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 / Economy 2015(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!
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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:
2015US$ 5.7 B
2014US$ 6.2 B
2010US$ 1.1 B
2011US$ 2.0 B
2012US$ 3.2 B
2013US$ 3.8 B
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WHERE ARE WE NOW?
Key Performance Indicators
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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 &
CommercialLeases 1,115 M 1,147 M
Tourism 19.6 M 20.0 M
Total OperatingRevenues 2,442 M 2,755 M 13%
21%
2%
3%
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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 PortRevenues
PHP 884 M PHP 1.08 B
Containerized Cargo(in TEUs)
77,177 123,510
Non-containerizedCargo (in MTs)
6,112,644 7,568,005
No. of Ship Calls 2,591 3,353
Gross RegisteredTonnage
40,147,025 54,381,189
22%
60%
24%
29%
13%
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One-Stop Shop Center at NCT 1 opens
Inauguratedon April 24, 2015by 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)
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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
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Other Airport and Seaport Developments in 2015
Increase in number of shipping lines calling regularly at the Port of Subicfrom 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, andJapan
Approval of MOA between DND-AFP and SBMA for the utilization of some
airport and seaport facilities, thus strengthening the Freeport’s role in thenational 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
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2015 Port Marketing Initiatives
Marketing presentation to the 8th Philippine Ports and Shipping Assembly at theIntercontinental 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 freightforwarders, 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
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Industrial and Commercial Leases Strategic Business Unit
APPROVED COMMITTED INVESTMENTS EXPAND
KPI 2014 2015 INCREASE
Total ApprovedCommitted
Investments
PHP 18.5 B PHP 22.8
CumulativeInvestments(1992-2015)
US$ 9.1 B US$10 B10%
23%
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 13
H ji P f
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Hanjin PerformancePhilippines is now the 4th largest shipbuilder in the world
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 14
TOTAL INVESTMENT
US$ 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
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Job Generation Per SBF Industry Sector
4,693 ADDITIONAL JOBS CREATED IN 2015
Sector 2014 2015
Services 45,342 48,396
Shipbuilding &Marine-related
33,109 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
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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
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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
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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 aleading 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
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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 PipelineCorporation
Royal Duty Free Shops, Inc.
Sanyo Denki
S-Corp Philippines, Inc.
Subic Bay Freeport Grain TerminalServices, 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)
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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 adelegation from Taichung and executives from steel company Yieh PhuiEnterprise Co., Ltd.
Philippines Investment Promotion Plan (PIPP) Outbound Mission to Tokyo,
Japan
Philippines-Taiwan Joint Economic Conference for possible MOU betweenMECO 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 June2016
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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 VISITORARRIVALS
2014 6,398,376
2015 7,729,484
INCREASE 14%
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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 OCCUPANCYRATE
2014 1,177,073 64%
2015 1,429,040 70%
INCREASE 21% 9%
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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 278 290 245,845 249,617 2%4%
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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%
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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%
2015 M j E t
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2015 Major Events
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Other Tourism Promotion Initiatives
PhP2.13 billion additional committed investment, or 119% higher than2014
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 theMICE Capital of Central Luzon, and as Theme Park, Triathlon, Sailing,and Sports Capital of the Philippines
Stronger tourism promotion thru existing official social media accountssuch as Facebook, Twitter, YouTube, and news blog (E.g. Total of 3,474likes 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
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Other Tourism Promotion Initiatives
22,500-
TOTALFOOT
TRAFFIC
86,588-
TOTALFOOTTRAFFIC
27,000-TOTALFOOT
TRAFFIC
57,725-TOTALFOOT
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
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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 t ib ti t th N ti l E
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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
%
National Government and LGU Shares
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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
vs2014
(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
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GOOD GOVERNANCEJobs 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
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Good Governance Initiative2007 - 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
116128
106
47 3829 20
0
50
100
150
200
250
300
350
2007 2008 2009 2010 2011 2012 2013 2014 2015
Good Governance Initiatives
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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 SupremeCourt in favor of SBMA
Where are we going? SUBIC 2020
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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 toSCTEX, 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
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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 protectit from degradation and pollution as required by law.
Participation in World Coastal Clean Up Day
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Financial Performance
2015: ANOTHER CHART-BUSTER
YEAR
SBMA Gross Revenues
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13%↑
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
1,3101,540 1,500
1,570
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
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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)
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p g ( )
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
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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 WITHOUTUNREALIZED
GAIN (LOSS) ONFOREIGN EXCHANGE
26%↑
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BENCHMARKING
Comparative Figures among Luzon Free Ports
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Co pa at e gu es a o g u o ee o ts
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
Guest Arrival Market Share
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REGIONAL DISTRIBUTION OF TRAVELERSRegion III Central Luzon
Source: Department Of Tourism
CLASSIFICATION CLARKSUBIC BAYFREEPORT
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
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p
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 DESTINATIONIN THE PHILIPPINES
Highest number of regional travelers - both local and foreign - based on reports submitted byaccommodation establishments in all the seven (7) provinces and two (2) special economiczones 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
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y p
SUBIC
AMONG GOOGLE PH’S2015 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
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y p pp
SBMA’S FIRST INTERNATIONAL
RECOGNITION AND GLOBALAWARDS
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
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2016 and Beyond
What We Face in 2016
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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
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OPPORTUNITIES
PH among the top three countries in business optimism in 2016, asshowed in global survey by Grant Thornton’s International Business
Report
Continued exit of investors from China paving the way for theemergence 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
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OPPORTUNITIES
Strong prospect of ASEAN countries to attract higher levels of FDI flowsgiven the strong economic fundamentals, resilient economies, andgrowing 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 hugeconsumer 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
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Where are we going? SUBIC 2020
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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 toSCTEX, 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
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Industrial and Commercial Leases Strategic Business Unit
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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 toa 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-timepayment to SBMA of Php15 million
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Industrial and Commercial Leases Strategic Business Unit
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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 newlessee
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
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Tourism Strategic Business Unit
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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 TVcommercial, AVP, Lupang Hinirang, and official jingle
PLDT-SubicTel LED (light-emitting diodes) display boards along Freeportmajor thoroughfares
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Leisure Projects in the Pipeline
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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
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Leisure Projects in the Pipeline
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Subic Smart Hospitality Corp. (Japan)
US$30 M minimum investment
Redevelopment of Subic Bay GolfCourse into a world-class, all-weatherfacility
Development of a retirement communityfor Japanese retirees (Minimum of
2,000)
Benefic Corp. (Japan)
PHP150 M committed investment
Three (3)-storey dormitory / hostel
building facility
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Good Governance Strategic Initiatives for 2016
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Augmented 2015 budgeted totaling PHP400 million for salary increase under theStandard Salary Law retroactive to 2012
Institutionalization of Integrity Program in SBMA and signing of Integrity Pledge byFreeport 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.
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INCLUSIVE GROWTH
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INDUSTRY SECTOR SOURCE NO. OF JOBS NATURE OF JOBS
TOURISM & SERVICES 10,000 HRM, Hotel Staff, Chefs,
Nutritionists, Back Office
SHIPBUILDING 10,000Welders, Painters, DesignEngineers, Naval Architects,Scaffolders
BPO 20,000
Call Center Agents, IT Technicians,
Design Engineers, Web DesignSpecialists, Medical Transcribers
MANUFACTURING 5,000 Factory Workers, Technicians,
Production and Quality Supervisors
MARITIME & LOGISTICS 5,000
Warehousemen, Shipping
Specialists, and Customs Brokers
Target: Additional 50,000 Job Prospects
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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
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MEDIA ADVISORY
TO SECURE A SOFT COPY OF SBMA CHAIRMAN
ROBERTO V. GARCIA'S 2015 STATE OF THEFREEPORT 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.