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SEAG Venues, Preparations Get Thumbs Up Subic bay news vol 12 no 33 20.00Php Tapas Bar and Restaurant 2nd Floor Subic Gas Bldg 724, Dewey Avenue, Subic Bay Freeport Zone Taiwanese traders bullish on Subic business SUBIC BAY FREEPORT — Taiwanese in- vestors have expressed confidence on the business outlook at the Subic Bay Freeport with the opening here last week of semi-conductor and electronics trader Yubantec, the latest Taiwanese company to locate in this free port. Dr. Chin Der Ou, chairman of Subic Bay Development and Manage- ment Corporation, Inc. (SBDMC), which manages the Subic Gateway Park here, SBDMC Chairman Chin Der Ou: “Im- TECO Representative Michael Hsu: Sen. Richard J. Gordon: “Drumbeat said the ongoing facilities improvement provement projects in Subic are good “More Taiwanese companies will come the advantages of Subic to investors projects being undertaken by the Subic for investments” to the Philippines” abroad” Bay Metropolitan Authority (SBMA) por- tend better business in Subic. “There are many facilities im- provement projects now. There are road SBMA: P4.48-billion new investments approved, construction and repairs, drainage im- provement, as well as capacity expan- P555-million expansion projects in 1st half sion of the Subic Expressway. These are The Subic Bay Metropolitan Authority to P555.2 million in 2019, or a growth of by logistics projects at 15, maritime and all good for investors,” Dr. Ou said during (SBMA) approved new investment projects more than 100%. manufacturing at 11, and information and the Yubantec inauguration. worth P4.48 billion in the first half of this The continuing entry of inves- communications technology at 6. “I’m confident that Yubantec will year, eclipsing by 42% last year’s new invest- tor-companies in Subic, Eisma said, had re- Among the new projects, the five do well in such a favorable business en- ments record of P3.15 billion for the same sulted from the hard work of the agency to biggest in terms of committed investments vironment,” he added. period. draw more business despite stiff global com- are those of Sinoinvest Resources, Inc., Taipei Economic and Cultural Of- SBMA Chairman and Administrator petition for foreign direct investments. which pledged P1.2 billion for a leisure proj- fice (TECO) representative Michael Hsu, Wilma T. Eisma said a total of 77 new invest- “More investor companies are com- ect; Smart & Plan Subic Logistics and Devel- meanwhile, said that more companies ment projects were recorded from January ing to Subic, but we have to ensure that they opment Corp. with P1 billion for another from Taiwan will locate in the Philip- to June 2019, with 41 approvals worth P3.57 get the right environment so that they will leisure venture; Arjuna Sand Trading, Inc., pines, which he described as Taiwan’s billion in the first quarter and 36 projects continue to bring their business here,” Eisma with P628.9 million for a logistics project; “closest neighbor.” worth P902.1 million in the second quarter. said in the Subic Labor Congress held here Worldwide Grace, Inc., with P515 million for “I assure you, the Taiwanese are In contrast, 45 new investment proj- recently. general business; and Taiyo Subic Philippines willing to come to the Philippines to in- ects were approved in the Subic Bay Free- “The SBMA is working very hard to Corp., with P392.5 million for a manufactur- vest. And we have to find enough land port Zone in the first half of 2018, with P1.17 ensure jobs for local workers, but I challenge ing project. for our locators especially in Subic Bay,” billion worth of projects in January to March you to have the necessary skills,” she also For the expansion projects, Datian and P1.98 billion in April to June. told participants in the assembly. Subic Shoes, Inc. has the biggest investment he added. Meanwhile, the SBMA also Figures from the SBMA Business commitment at P316.6 million, while ser- Yubantec, which is the latest green-lighted 21 expansion projects in the and Investment Group indicated that the vo-motor manufacturer Sanyo Denki Phils., addition to the Subic Gateway park lo- first six months this year, generating invest- 77 new investment projects in the first half Inc. pledged the second biggest at P119.6 cators, will engage in importing, design- ment commitments totaling P555.2 million, of 2019 gave a projected employment total million. ing, installing and after-sales services of Eisma said. of 2,003, while expansion projects yielded Datian Subic Shoes, Inc.’s expansion air-conditioners, cold storage equipment These included 9 expansions worth 1,670 new jobs for a total of 3,673. project is also expected to turn out the most and home appliances, as well as design- P515.3 million in the first quarter and 12 ex- Following the established trend, number of new jobs at 1,500. ing and sales of semi-conductors and pansion projects valued at P39.8 million in leisure projects comprised most of the new The next biggest projection came electronic components. the second quarter. investments with 15 approvals in the first from Sinoinvest Resources with 500 new SBMA Chairman and Adminis- The number of expansion projects quarter and 14 in the second quarter for a jobs; Juan Fong Industrial Corp., 305; and trator Wilma T. Eisma said the 61 Tai- in Subic increased from 10 in the first half of total of 29 projects. Philippines Easepal Technology with 270. wanese firms in Subic now comprise the 2018 to 21 this year, with committed invest- Projects under general business had (HEE/MPD-SBMA) third biggest number of foreign investors ments growing from P276.2 million in 2018 the second most approvals at 16, followed here. Most are engaged in manufactur- ing and trading. Taiwanese firms were among the SEAG Venues, Preparations get thumbs up pioneer investors in the Subic Bay Free- The technical delegates from various port Zone, she added, as the Subic Gate- sports gathered on Wednesday during way Park, formerly known as the Subic the 2nd Technical Delegates Meeting Bay Industrial Park, was the first indus- held at the Polkabal Ballroom of The Ma- trial park to be established in Subic. nila Hotel. Built in 1994, the Taiwan- Philippine Southeast Asian ese-owned industrial park is now home Games Organizing Committee Chief to global names like computer giant Operating Officer Ramon "Tats" Suzara Wistron Infocomm (Phils.) Corp., air- hosted the event and presented the con specialist Johnson Controls-Hitachi, Technical Delegates to the media for the lock-maker Tong Lung (Phils.) Metal In- first time. dustry, and footwear manufacturer Da- "I always give importance to all tian Subic Shoes, Inc. our technical delegates. We give impor- Eisma said the entry of more Tai- tance mostly to the coaches the ath- wanese companies helps Subic drive its letes, but of course let us not forget the momentum in investment and employ- technical delegates because they will ment generation, pointing out that the play a crucial role for the success of the see TAIWANESE traders, page 02 coming 30th SEA Games," said Suzara. Suzara pointed out that organiz- ing the 11-nation meet won’t be possi- ble without the help and expertise of TECHNICAL DELEGATES (from left) Katsumi Kuroda (Water Polo), Sebastian Lau (Es- these technical delegates. ports), Ibrahim Fadil Naddeh (Swimming), Dato Low Beng Choo (President of Asian Valson Cuddikotta, the technical Federation - Softball & CDM of Team Malaysia, Ramon Suzara (PHISGOC COO), Abdul delegate for athletics, commended Su- Halim Bin Abdul Kader (Sepak Takraw), Shanrit Wongprasert (Volleyball), Agus Antar- zara for conducting the meeting and the es Mauro (Basketball) and Valson Cuddikotta (Athletics) grace the press conference of press conference for the officials. the 2nd Technical Delegates Meeting held at the Polkabal Hall of the Manila Hotel on Cuddikotta has expressed high September 4, 2019. hopes that the biennial meet would be "We have never been invited for ics – Water Polo Kuroda Katsumi, Sepak the best edition of the SEA Games in his- a press conference like this. PHISGOC has Takraw - Abdul Kader and Abdul Halim tory due to the adequate preparations put a lot of effort to come up with such Bin, Agus Antares Mauro of Basketball, being done by the Philippines. fantastic venues. I believe that the Philip- Sebastian Lau of Esports and Datu Low He cited the track and field sta- pines can now conduct any event of the Beng Choo of Softball. dium in New Clark City, Capas, Tarlac highest magnitude," said Cuddikotta. "I need guidance from them to as a world-class facility where the Phil- Also present in the meeting were run the SEA Games. It is just fitting to ippines can readily host a global-level the Technical Delegates of Aquatics – give them importance," said Suzara. Branch: 1677 Rizal Ave., West Tapinac,Olongapo City tournament in the near future. Swimming Naddeh, Ibrahim Fadil, Aquat- Subic Bay News www.subicbaynews.com 02 New Clark City Stadium to boost Fire Brigade Training for SM Olongapo performance of athletes - PATAFA Downtown employees Final leg of the 2019 Weekly Relay Series organized by the Philip- pine Athletics Track and Field Association held at the 20,000-seater New Clark City Athletics Stadium. This is a pre-qualifying competi- tion for the 2019 Southeast Asian Games. Competition winners will be part of the national team. (Trixie Joy B. Manalili) NEW CLARK CITY -- New Clark Kuala Lumpur, Singapore and In- City Athletics Stadium will great- donesia and it compares very, GRADUATION PIC. SM Olongapo Downtown employees headed by Asst. Mall Manager Denmark Desolo(9th ly help in enhancing the perfor- very favorably. It has all the re- from left)completed the 5-day Fire Brigade Training.
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