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SUBIC BAY FREEPORT — Subic Bay Metropolitan Authority chairperson and administrator Rolen C. Paulino hailed 2022 as a banner year for the premier Freeport during his State Of the Freeport Address held at the Subic Bay Exhibition and Convention Center on Tuesday. The SBMA chief stressed that 2022 was a banner year for the agency
SUBIC BAY FREEPORT—The al fresco cafés and open-air restaurants that happily thrive here are symbolic of how the Subic Bay Freeport coped with the economic challenges posed by the Covid-19 pandemic. Sidelined for a while when the entire Luzon was placed on lockdown in three instances in March to May…
February 12, 2021 EARNINGS by the Subic Bay Metropolitan Authority (SBMA) decreased by as much as 22 percent in 2020 because of the economic slowdown last year brought about by the Covid-19 pandemic. SBMA Chairman and Administrator Wilma T. Eisma said the Subic agency posted a total of P1.69 billion in earnings before interest, tax, depreciation and amortization (Ebitda) at the end of 2020, compared to the P2.17 billion figure it recorded at the end of 2019. The 2020 figure was lower than the 2019 record by P486.73 million, or 22.35 percent. Eisma said the Covid-19 pandemic affec...