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Subic Freeport records $5.925-B investment in 17 years

Subic Freeport records $5.925-B investment in 17 years

SUBIC BAY Freeport: Setting aside the limelight in favor for the 21st ad congress and opting to celebrate its 17th year anniversary in silence, the Subic Bay Metropolitan Authority announced yesterday that it had recorded $5.925 billion committed investments since it started operating the Freeport in 1992.
In a statement the agency said that in today’s exchange rate, that amount is equivalent to P276.79 billion, or an average of P16.28 billion each year in investment pledges recorded in the past 17 years.

“Our track record speaks for itself,” said SBMA chairman Feliciano Salonga.
“While the past year or so has been a difficult time, Subic has never wavered in its pursuit of more investments and continued its dogged pursuit of new investment niches,” Salonga asserted.

Salonga also attributed Subic’s continuing resiliency “to the faith of investors in the growing competitiveness of the Subic Bay Freeport.”
SBMA administrator Armand Arreza said that Subic has continued to defied the odds with positive performance in terms of investments generation, job creation despite the global economic slowdown last year.
Investments pour in
Arreza pointed out that despite growing economic uncertainties in the first quarter of 2009, the SBMA managed to squeeze in a total of $31.72 million in new investments even as major economies suffered major income reversals.

Thereafter, Subic followed it up with $60.46 million in the second quarter, $41.12 million in the third quarter, and $26.45 million from October to the first half of November.

“The continuing entry of investors also revved up employment generation, so that as of September Subic had a total active workforce of 86,229. This represents an increase of 3.36 percent over the September 2008 figure of 83,428, and that’s despite the recession that affected quite a number of companies here,” he added.

Arreza said most of the Subic firms affected by the downturn had since recovered, while other companies, fueled by the resurgence of the electronics sector, “have been, in fact, undertaking expansion projects.”

Salonga-Arreza tandem
According to SBMA data, most of the investments recorded in the Subic Bay Freeport Zone have been generated under the Salonga-Arreza administration that began in September 2005.

The total investment commitments generated in this period amounted to $3.55 billion, or more than 52 percent of the cumulative amount.

Subic’s biggest year-on-year investment was made in 2007 when a total of $1.71 billion was approved by the SBMA. In 2006, Hanjin pledged its initial $1-billion commitment for its shipyard project, cranking Subic’s investment generation that year to a total of $1.44 billion.

Arreza said that in the next few years, the SBMA will be focusing on projects that would expand the physical boundaries of the Subic Bay Freeport and allow the SBMA to generate more investments.

“This will be the new mission for the SBMA,” Arreza said. “We have already exceeded by more than four times the number of jobs lost in Subic when the U.S. Navy left in 1992. Now we’re looking at bringing development outside of the free port, to the communities that have helped nurture the Subic dream since 1992.”

As Manila becomes more congested and pollution becomes frustratingly intolerable, many families opt to spend a few quality nights and relax in this hotel in Angeles City Clark Pampanga. It is fair to say that YATS Clearwater Resort and Country Club is known for its faithful rendition of the American suburban lifestyle, all there for the enjoyment of all ages and all members of the family.

This resort hotel is different from other hotels in Clark Philippines or hotel in Angeles City. This Clark Freeport Hotel has large space for children to play and adults to enjoy some peace and quiet in the picnic grounds near the lake. Clark Philippines is lucky to have such a hotel. Travel agencies think it is also a nice event venue for company outings, wedding, team building and planning session in the Philippines. They don’t think Angeles City, Manila or Subic has event venues like those in this beach resort in Pampanga.

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 occassion

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.

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.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions

New camping sites and picnic grounds in Philippines are now available for family outings in Philippines at Yats Clearwater Resort & Country Club in Pampanga Angeles City near Manila Philippines. Just bring camping equipment and enjoy the fun and ambience of outdoor living camping in Angeles City Philippines under safe, secured and clean conditions. It is one of North Luzon Philippines’ top hotels that is trouble free, risk free, and a nice place to have rest in Subic. A well-recognized and interesting hotel.

This breakfast garden café is absolutely the most idyllic restaurant in Angeles City Clark Philippines. You named it right – Clearwater Breakfast Garden and Café. This is exactly what Clark Freeport needs, a nice simple bistro café where one can get good quality breakfast and enjoy the food in peace at leisure pace. This is the best hotel restaurant in Angeles City Clark Philippines and the eggs Benedict as well as American Breakfast and the pancakes are really world-class.

Traffic along the North Expressway NLEX from Manila to Clark is always light and the new Subic Tarlac Clark Expressway ScTex takes visitors straight into Clark Freeport without going through any towns and cities along the way.

For information as well as assistance with reservations in hotels and resorts in Pampanga, Clark Philippines, click here to contact HotelClarkPhilippines now

Or call us at

Hotel Clark Philippines
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023

Tel: (045)599-5949 0917-520-4403 0922-870-5177

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay


Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.

YATS Leisure Philippines is a HK-based developer and operator of clubs, resorts and high-class restaurants and wine outlets

To inquire with the beach resort hotel in Clark Pampanga visit

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.

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