Subic bay news vol 11 no 14 15.00 Php

SBMA inks accord with

Asian aviation group to develop

Subic airport

see AmCham, page 2

SINOSUN Subic Bay Holdings Corporation (Sinosun) successfully held the recently-concluded Subic Development Investments Conference (SDIC) graced by ( fr L to R) Mr. Qin Renjie, Mr. Diederik Bijlsma, Mr. Kenneth Rementilla, Senior Deputy Administrator for Business and Investment Stefani Saño, Mayor Rolen Paulino, Dr. Samuel Lim, Captain Richard Johnson and Dr. Demian Ong.

Aboitiz 2018 spending to exceed P77 billion

see Sinosun, page 2

SINOSUN Subic Bay Holdings Corpora-tion (Sinosun) has declared the recent-ly-concluded Subic Development In-vestments Conference (SDIC) a success.

The conference featured a broad range of general investments and discus-sions on key topics including commercial real estate, importance of investments in financial planning, conducive environ-ment for blockchain and financial tech-nology (FinTech) industry, compliance considerations and the current regulato-ry outlook.

Held at the Subic Bay Travelers Hotel & Event Center, the conference, graced by Subic Bay Metropolitan Au-thority (SBMA) Senior Deputy Admin-istrator (SDA) Stefani Saño, OIC-Deputy Administrator for Investment Kenneth Rementilla and Olongapo City Mayor Rolen Paulino, brought together over 40 attendees, including state-owned enter-prises, private investment firms, busi-nessmen and individual investors from Malaysia and China.

SDA Saño represented SBMA Chairperson & Administrator Wilma

More Foreign Investments in PH seen at Sinosun’s Investment Conference

Outstanding Filipino Students in AmCham Business Leadership Program

U.S. Ambassador to the Philippines Sung Y. Kim congratulated the 31 outstanding stu-dents in this year’s American Chamber of Commerce Business Leadership Program.

Manila, April 24, 2018 — The American Chamber of Commerce of the Philippines (AmCham) selected 31 college students from across the nation to participate in the annual Business Leadership Program (BLP) in Manila from April 17 to April 25.

Now on its 16th year, the BLP ex-poses student leaders to leading Amer-ican companies, including Capital One, Proctor & Gamble, Fluor, Wells Fargo, Chevron, and JP Morgan, as well as Bank of the Philippine Islands and SGV.

“I joined BLP to engage in pro-ductive discourse with co-student lead-ers and to gain exposure to current is-

SUBIC BAY FREEPORT – The Subic Bay Metropolitan Authority (SBMA) has signed a memorandum of understand-ing (MOU) with the Asian Business Avi-ation Association (AsBAA) to further de-velop the Subic Bay International Airport (SBIA) for business aviation.

SBMA Chairman and Administra-tor Wilma T. Eisma said the agreement was signed during the Asian Business Aviation Conference & Exhibition 2018 on April 17 in Shanghai, China.

Under the MOU, AsBAA will help develop infrastructures at the SBIA, as well as assist in operations at the airport, while offering business aviation services in the Philippines through Subic.

AsBAA Philippine Chapter chair-man Benjamin Lopez said that AsBAA “will support and advise on the initial de-sign and ongoing operation of the SBIA to bring about an immediate and reliable facility that regional business aviation and general aviation operators can ac-cess as another option to operate from in the Philippines.”

Lopez, who is also the president of Inaec Aviation Corp., said that the country’s focus on infrastructure devel-opment to help decongest Manila in the aviation sector is most welcome.

“Plans have long been discussed and now is the time for action. We are

see Asian Aviation 2

Aboitiz Equity Ventures (AEV), along with its strategic business units (SBUs), aims to spend a total of P77.6 bil-lion in capital expenditures (capex) this year as it continues to advance business and communities amid vibrant growth opportunities at home and abroad.

“In 2018, our outlook remains positive and we remain committed to grow and expand our businesses while keeping within financial and risk param-eters. We aim to deliver on our brand promise of advancing business and com-munities through the various products and services we provide,” Erramon I. Aboitiz, AEV President and Chief Execu-tive Officer, said.

This year, a bulk of AEV’s capex will be used to finance projects in power and food – two SBUs that are keen on ex-panding overseas.

The power SBU’s capex is set at P61.6 billion for the year as it remains on track, along with its partners, to in-crease net sellable capacity to 4,000 MW by 2020 from nearly 3,000 MW as of end-2017. Bulk of its capex this year will be channelled toward various robust growth initiatives that balance sustain-ability, accessibility, and reliability of power.

For the food SBU, P4.6 billion will be spent to further grow and strength-en its core domestic business while go-ing international and expanding abroad in the ASEAN (Association of South East Asian Nations) region.

For the land SBU, P4.5 billion has been programmed for strategic land development and acquisition initiatives, with several real estate launches cur-rently in the pipeline for 2018.

see Aboitiz 2018, page 2 SSBC Chairman Dr. Samuel Lim at the Subic Development Investments Conference.

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NOTICE TO THE PUBLICSinosun...............................................................................................from page 1

Asian Aviation........................................................................................from page 1

AmCham............................................................................from page 1

Eisma, commented that more similar conferences should be held on a regular basis to introduce available investment opportunities in Subic Bay to interna-tional investors. Sinosun is a consultancy and in-dependent advisory company bridging international corporations and investors to the Philippines, particularly in Subic Bay and Cagayan Valley. Citing Sinosun’s agreement with Cagayan Economic Zone Authority to promote the development of blockchain and financial technologies, Saño said he hope that Sinosun will also consid-er establishing a “FinTech City” in Subic Bay. OIC-Deputy Administrator Re-mentilla’s presentation provided partic-ipants important information regarding the business landscape in Subic Bay, the advantages of locating in Subic Bay and the roles of SBMA to assist locators reach their goals. Sinosun Chairman Dr. Samuel Lim also presented a master plan for the development of Subic Bay and Olongapo City including power generation, indus-trial parks, seaport for transshipments and tourism enhancement. As the majority of manpower in Subic Bay comes from Olongapo, Sinosun sees the importance of the development in the city that must go hand-in-hand with Subic Bay. Paulino expressed his appreciation to Dr. Lim for giving priori-ty to the city’s development. “I will fully support all major projects by Sinosun for Olongapo in the future”, said Paulino. With our resilient due diligence, feasibility analyses and focus on risk management, Sinosun will continue to serve its clients' needs through invest-

ment options that offer unique diversi-fication benefits they would not other-wise have access to.”

sues in the business sector,” explained BLP participant Jude Martin Amiscaray, who is pursuing a Bachelor of Science in Management Engineering at Ateneo de Manila University. “But I got so much more. BLP elevated my mindset and broadened my perspectives.” During the 10-day program, key officers from AmCham member firms and partner organizations delivered ple-nary talks for delegates on topics such

as global business, job procurement, self-assessment, skills building, and cur-rent events. Delegates also learned more about U.S.-Philippine relations by visiting the U.S. Embassy in the Philippines and interacting with American diplomats. On the final day, students will put lessons from the program into practice by partic-ipating in a business plan competition.

delighted to assist the authorities in advis-ing on these vital enhancements to Philip-pine aviation infrastructure,” he added. The AsBAA Philippine chapter was launched in September 2017 and is the newest addition to AsBAA’s regional com-mittees. The chapter started 2018 by lead-ing a delegation of its members on a site visit and investment trip to Manila, Clark and Subic Airports to meet with regula-tors, airport operators, and aviation stake-holders. On January 27, AsBAA president Max Motschmann led an ocular inspection of the SBIA to determine the business po-tential of the area. The MOU for SBIA was the second agreement that the association signed this

year to help develop airport infrastructures in Southeast Asia. The first agreement was with the Malaysia Airports Holdings Ber-had (MAHB). Eisma said that she wants to make SBIA a business aviation airport and to pre-pare it as well for general aviation; main-tenance, repair and overhaul (MRO) ser-vices; and charter flights. She added that passenger aviation should be focused in Clark Airport and not here in Subic. “We can get spillover from neigh-boring airports like Clark, but I would rath-er court general aviation and business avi-ation heavily and have a niche for them to attract tourists with curated experiences,” Eisma added.

SBMA Chairman and Administrator Wilma T. Eisma (left) concludes an agreement with AsBAA Chairperson Jennyn Lao for the development and operation of the Subic Bay International Airport.

For infrastructure, Aboitiz is allo-cating P4.4 billion, bulk of which will go to operating expenses and investing in in-frastructure-related projects that will help drive economic progress and improve the quality of life of the Filipino people. For the banking and financial ser-vices SBU, P2.4 billion will be allocated to the unit’s digital transformation, (among other initiatives), which in turn will help bring the right products and channel to the unbanked and underbanked sectors. The remaining amount of approxi-mately P102 million will be used by AEV for expansion, upgrades, and operations. In 2017, AEV and its BUs spent a

Aboitiz 2018.......................................................................................from page 1

total of P35.3 billion. About Aboitiz Equity VenturesAboitiz Equity Ventures, Inc. (AEV) is the public holding company of the Aboitiz Group with major investments in power, banking and financial services, food, infra-structure, and land. Today, AEV is recog-nized as one of the best-managed compa-nies in the Philippines and in the region, consistently cited for its commitment to good corporate governance and corporate social responsibility. With five generations of Aboitiz Group business success behind it, AEV continues to drive change for a bet-ter world by advancing business and com-munities.

Notice is hereby given to the public that an AFFIDAVIT OF SELF-ADJUDICATION was made and executed by the spouse and a legitimate heir, of the deceased JOHN L. MARLER ( hereinafter referred to as the “Decedent”), who died on February 17, 2018 at Subic Interna-tional Hotel, Subic Bay, Philippines as per Doc no 183, Page No. 38 Book No XIII, Series of 2018 in the notarial registry of Atty. Leonardo W. Bernabe. All interested parties, creditors,and persons having money claims against the decedent are hereby required to file their claims with the court appointed executor of their estate.

Olongapo City Mayor Rolen Paulino said “I will fully support all major projects by Sinosun for Olongapo in the future.”

SBMA Sr Deputy Administrator Stef Sano said he hopes that Sinosun will also con-sider establishing a “FinTech City” in Subic Bay.

OIC Deputy Administrator Kenneth Re-mentilla at the SDIC.