Plans For Subic’s Future Bared
SUBIC BAY FREEPORT โ โLet the lessons of the past and the opportunities of today help us realize the vision of the New Subic that we dream of.โ
This was the statement made by Subic Bay Metropolitan Authority (SBMA) Chairman Roberto Garcia during his first State of the Freeport Address (SOFA) inside the Subic Bay Exhibition and Convention Center (SBECC).
According to Garcia, despite the recent downturn in the global economy, cumulative investments inside this Freeport has risen to 17 percent in 2011 from the previous year.
Freeportโs cumulative investment in 2010 is pegged at P7.167 billion while 2011 showed a leap of 17 percent, earning P8.403 billion in cumulative investments.
He added that committed investments here were up last year by 2 percent as 2011 showed $1.236 billion while 2010 has $1.210 billion. Foreign investors, Garcia said, is still the major income generators of this Freeport as Foreign Direct Investments (FDIs) currently earn $1.074 billion compared to local investors who generate some $160 million.
Employment inside this Freeport is also up by only .5 percent as 2011 showed a strong Freeport workforce of 88,957 while 2010 showed 88,450 workers, a difference of 507 workers who were employed in 2011.
Collections from both the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) were also up by just a smidge as 2011 showed P7.160 billion in collection while 2010 showed a collection of P6.680 billion.
Currently, Subic Bay Freeport is facing challenges such as a total cumulative loss of P7 billion since its creation in 1992.
Garcia reiterated that the loss incurred by the SBMA is due to the low lease rates being given to investors, lack of additional land for new and expanding companies, along with an under-utilized airport, under-utilized container terminal 1, and ageing infrastructures and equipment.
But Garcia also pointed that there is a way to alleviate the current problems the SBMA is facing. He presented a five-year strategic plan that would develop tourism niche markets, focusing on the operation of this Freeport into becoming the theme park capital of the country.
He also said part of the facelift is making this Freeport into a top sports tourism destination, a cruise ship destination, and an eco tourism activities area.
He also wants to promote maritime businesses here, DOTCโs support to attract maritime logistics players to do business in the Port of Subic, sighting the potentials of the Freeport by building container volume by matching business interests of major Luzon shippers and shipping lines, maximizing the Vale ore transshipment project, developing Subic as homebase for super yachts, and increasing repair and maintenance facilities for boats and ships.
Part of this five-year plan is also the development of housing areas that include high-end residences, middle-class housing, and workersโ dormitories.
http://www.mb.com.ph/articles/352885/plans-for-subics-future-bared
With new golf courses springing up in and around Clark Philippines and an ever-increasing patronage by tourists from neighboring South Korea, Clark Freeport is short on hotel accommodation.
Even with the addition of 27 holes in 2009 and 2010, there is an acute shortage golf tee times for at least 5-6 months each year. Local players compete with frustrated (golf) tourists from Korea and China for tee times. Unfortunately Clark Philippines doesnโt have the luxury of vast tracts of land suitable for this type of development.
Mimosa offers 36 holes of championship golf, visitors can pay and play, busy during the weekends but not that difficult to get on or join up with a group to form a 4-ball. The new FAKCC offers 27 holes of world-class golf.
Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion
You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
What many tourists and residents of Manila, Subic, Pampanga Angeles City and Clark Philippines found out over the holidays when they traveled out of town going north to Pampanga for a short getaway and a nice vacation was that there is a highly recommended hotel in Clark is also a very night out place.
Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.
This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.
Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.
Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:
Yats International Leisure Philippines
For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com
While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com
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