Page 2 - Subic Freeport News Today

The Philippine Coast Guard has found and recovered the wreck of the fishing vessel Dearyn, which was struck by a merchant ship and capsized at a locat...

(1st UPDATE) The current hike is only the first of three tranches to be implemented over a period of three years

Probe on drug seizure in Pampanga sought

Subic Bay Freeport—Nidec Subic Philippines Corp., a manufacturer of small high-precision motors and electronic and optical components, will be implementing a P4.2-billion expansion project here to produce high-accuracy “Kinematix” gearboxes for industrial robots. Nidec President Takeshi Yamamoto said the expansion project aims to assemble some 288,000 medium- to large-size gearboxes…

SUBIC BAY FREEPORT: The Regus Subic Center, the first-ever hybrid workspace in the province of Zambales, opened here on Thursday.

SUBIC Bay Freeport: More than 5,000 jobs will be offered as Nidec Subic Philippines Corp. expands its operations here at the countrys premier freeport.

SUBIC BAY FREEPORT—The Subic Bay Metropolitan Authority (SBMA) announced last Thursday it issued revenue shares to neighboring local government units (LGUs) in the amount of P203 million, reflecting growing corporate taxes paid by Subic-registered investors that reached P207.65 million in the first half of this year. SBMA Chairman and Administrator…

THE separate customs territory (SCT) treatment for economic zones, which makes locator-registered business enterprises (RBEs) VAT-exempt entities by virtue of the cross-border doctrine (CBD) and destination principle in taxation, shall still apply despite conflict between the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises…

Bataan is synonymous with the Second World War, as it witnessed the fiercest and bloodiest battles between the Japanese Imperial Army and the combined Filipino and American forces. This province takes center stage every April 9 as the country commemorates Araw ng Kagitingan (Day of Valor) which immortalizes the uncommon…

The Subic Bay Freeport Customs Office intercepted at least 1,269 boxes containing counterfeit branded items. (Photo courtesy of BOC)