News in Subic, Olongapo, Bataan, Zambales » Subic

Subic celebrates 19th year of Freeport takeover

subictimes — Thu, 24 Nov 2011 08:19:24 +0000

SUBIC BAY Freeport: November 24 marked the day when thousands of residents from Olongapo City, and Zambales and Bataan provinces volunteered to manage this former American naval base after the U.S. troops withdrew in 1992.

Subic naval base was the largest US military installation outside mainland US. When its troops withdrew, thousands of volunteers worked without compensation that turned the area into one of the most successful Freeport in history.

Today, hundreds of former Subic workers trooped to Volunteers Shrine here to [...]

Another coal plant eyed in Subic

subictimes — Tue, 22 Nov 2011 06:14:08 +0000

SUBIC Bay Freeport: A South Korean firm is studying to build another coal fire power plant in Subic Bay Freeport which would cost around $450 million.

Kepco Philippines Corp is planning to put up a 200 to 300 megawatts coal plant in Subic to supply electricity for ship building giant Hanjin Heavy Industries located in Redondo Peninsula inside Subic freeport.

An official of the Subic Bay Metropolitan Authority who asked not to be named confirmed that they had received a request months [...]

Local companies invest $1.07-B in Subic

subictimes — Thu, 10 Nov 2011 01:19:08 +0000

SUBIC Freeport: The Subic Bay Metropolitan Authority (SBMA) reported Wednesday that investment pledges from local investors in this Freeport reordered an all-time high reaching $1.07 billion for the first nine months of this year.

Local investors, according to SBMA, dominated this year’s pledges totaling 72 out of the 95 projects approved by the SBMA management.

Filipino-owned company represents 99.18 percent of the total new investments worth $1.08 billion.

Foreign direct investments or FDIs, meanwhile, dropped significantly, from the previous $1.12 billion to $8.8 [...]

SBMA still studying 600MW coal plant venture

The Manila Times — Mon, 24 Oct 2011 07:36:04 +0000

By Anthony Bayarong written for The Manila Times

SUBIC BAY Freeport: Subic Bay Metropolitan Authority (SBMA) Chairman Roberto Garcia has clarified that the planned expansion of the 300-megawatt coal power plant into a 600-megawatt coal plant inside Subic Bay Freeport has not been granted an Environmental Compliance Certificate (ECC) and that the agency is yet to give the green light for it.

SBMA Chiarman Roberto Garcia.

He said that it is the original project to construct a 300-MW coal power plant [...]

SBMA release LGU share worth P65.5M

subictimes — Fri, 19 Aug 2011 16:59:01 +0000

SUBIC BAY Freeport: The Subic Bay Metropolitan Authority recently reported that it had released more than P65.6 million in revenue shares to contiguous and affected local government units surrounding this Freeport.

SBMA Administrator Armand Arreza said that the release of the LGU share was made through the new tax collection scheme implemented last year.

The new sheme allowed SBMA, instead of BIR to directly collect two percent of the corporate tax paid by business locators in this Freeport.

“This is the second time [...]

Subic offers bay to Philippine dragon boat team

subictimes — Wed, 17 Aug 2011 02:07:11 +0000

SUBIC BAY Freeport: Officials of the Subic Bay Metropolitan Authority (SBMA) formally invited the Philippine Dragon Boat team to use the facilities of this Freeport for their regular practice.

The Philippine Dragon Team during the feast of San Roque in Subic. Photo by Anthony Bayarong

SBMA Chairman Roberto Garcia made the announcement during the feast of San Roque.

The Filipino paddlers were the main guest of honors during the event.

The team was presented 4 plaque of recognition from SBMA, the Subic Bay [...]

Subic celebrates feast of San Roque with flavor-Slideshow

subictimes — Tue, 16 Aug 2011 13:29:07 +0000

SUBIC BAY, Freeport: Colorful costumes ‘ala broadway’ took on center stage during the feast of San Roque in Subic Bay Freeport Tuesday morning.

Viva, San Rooque, ala boardway was theme for this year’s celebration.

The feast day of San Roque, the first patron saint of Olongapo, has become a form of thanksgiving for the continuing economic progress at the Subic Bay Freeport Zone.

subictimes — Fri, 22 Jul 2011 06:35:41 +0000

Alex Hermoso (center) of Preda foundation a non government organization based in Olongapo City who oppose the building of a coal power plant in Subic hands over protest documents to RP Energy President Ramon Aboitiz (right) and Meralco President Oscar Reyes (right) after a MOA signing between energy companies to start the construction of a coal fire plant in Subic Bay Freeport. Photo by Anthony Bayarong