Subic Freeport chosen ‘Fastest Growing Free Trade Zone in Asia’

  • Page Views 1765
  • Subic Bay Freeport has been known as one of the economic flagships of the Philippines and has been partially instrumental in the development of the country. Traits such as these have made this premier Freeport the winner of the Fastest Growing Free Trade Zone in Asia by the International Finance Magazine (IFM) Awards 2017.

    According to the IFM Awards, they have awarded both the SBFZ and the Subic Bay Metropolitan Authority (SBMA) “The Fastest Growing Free Trade Zone 2017” and the “Best Social Responsibility Initiative 2017 Philippines” for being the most active partner of government in advancing its socio-economic agenda.

    Stacks and stacks of container vessels are lined up at the New Container Terminal-1 (NCT-1) at the Subic Bay Freeport Zone, indicating a busy port. (MB file photo | Manila Bulletin)

    SBMA Chair Atty. Wilma Eisma said, “These awards, which come on the eve of SBMA’s 25th year anniversary, inspire us not only to celebrate our past but more importantly, to forge our country’s future for the sake of our children and future generations by continuing to make a difference and adding value to Filipino lives.”

    “It is indeed both an honor and a privilege to be counted among IFM’s roster of excellence,” she added. The award winner identifies the social needs of the community and takes initiative to positively impact social status, earning potential and access to services.

    The IFM Annual Award Ceremony in Singapore is scheduled to be held on 26th of January 2018.

    Known for its significant contribution to the community, the agency has been adamant in socially responsible practices, showed initiative in terms of delivering social and economic benefits to local communities and employees, and has followed its policies that have had a sustainable impact on the targeted communities.

    To date, the Subic Bay Freeport has around 126,053 employees from 2,897 companies located here, with the Services sector dominating the workforce with 69,676 workers. And with the number of companies locating inside this Freeport, the number of open positions is pegged at 7,000 to date.

    And with the committed investment surpassing the $1.4-billion mark during the first quarter of this year, expect that this premier Freeport will gain more strides in the economic sector of the country.

    By Jonas Reyes, mb.com

    Share

    New Posts Recently publish post More

    • 13 May 2021
      2 days ago No comment

      Duterte vs Pacquiao: No fight, say political insiders

      It started on May 3 when Senator Manny Pacquiao, a known ally of President Rodrigo Duterte, said that he finds Duterte’s recent stance lacking on reported Chinese incursions in the West Philippine Sea. “Sa akin, nakukulangan ako, nakukulangan ako kumpara doon sa bago pa siya tumakbo, nage-eleksyon pa lang. ...

    • 07 May 2021
      1 week ago No comment

      Your census.Your community.Your future.

      Census information is used to plan programs and services in your community. Complete your census now!   Related

    • 07 May 2021
      1 week ago No comment

      Applications open tomorrow for new pathway to permanent residency for essential temporary workers and international graduates of a Canadian institution

      Ottawa—Last month, the Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, announced an innovative pathway to permanent residence for over 90,000 essential workers and international graduates of a Canadian institution who are actively contributing to Canada’s economy. This special public policy will grant permanent status to ...

    • 07 May 2021
      1 week ago No comment

      Canada first country to approve Pfizer vaccine for 12-15-year-old kids

      Canada has become the first country to approve the use of the Pfizer-BioNTech COVID-19 vaccine for children between the ages of 12 and 15. Until Health Canada’s announcement of its approval Wednesday (May 5), the Pfizer vaccine was approved only for people 16 years and older. Health Canada has ...

    • 07 May 2021
      1 week ago No comment

      ABS-CBN marks 1 year shutdown – ‘Andito kami para sa’yo’

      Several Kapamilya stars took to social media to recount the harrowing experience of witnessing ABS-CBN going off air after the government issued a cease and desist order against the network exactly a year ago. On May 5, 2020, ABS-CBN signed off from free television and radio broadcast, a day ...

    %d bloggers like this: