The Subic Bay Metropolitan Authority announced that it is targeting $8 billion cumulative investments this year. SBMA Administrator Armand Arreza said that large projects are already in the pipeline which is why the authority is aiming for the $8 billion mark. Arreza said that among the prospective big-ticket developments that would start this year are the $130-million project of Harbour Centre Port... 

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...