Stay updated with breaking news from Subic Naval. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
THE Cabinet-level Fiscal Incentives Review Board (FIRB) approved tax perks for the P17-billion Project Agila for the redevelopment and operations of Hanjin shipyard in the Subic Bay freeport zone. Finance Secretary and FIRB Chairman Carlos G. Dominguez III supported the approval of tax incentives for Project Agila, which is funded…
When I was invited and said yes to go to Subic and stay at Le Charme Suites, the main sponsor and brains behind the first Frike (fun, ride, bike) Enduro Challenge, little did I know that I was in for a number of major revelations.
The United States has reaffirmed that its commitment to the mutual defense treaty with the Philippines is “ironclad,” and it has made most Filipinos heave a sigh of relief.
US-based private equity firm Cerberus Frontier’s acquisition of the former Hanjin shipyard is expected to further stimulate the country’s economic growth as many displaced workers in the facility will be retained and an average of additional 300 jobs annually will be created, Finance Secretary Carlos G. Dominguez III said. Dominguez…
The Philippine government has finally sealed the deal awarding the 300-hectare shipyard in strategic Subic Bay, Zambales near South China Sea to United States equity investment firm Cerberus Management Capital. "After almost three years of tireless work, the Philippines and US reached a new milestone with the conclusion of the strategically important Subic…