SUBIC BAY FREEPORT: A multi-nation group of new investors – Subic Dragon Town – signed a sharing agreement with the Subic Bay Yacht Club (SBYC) last week committing to further promote Subic to tourists from China.
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| Subic Yacht Club |
The investors said at least 100-200 tourists from China and other Asian countries will initially be added to tourists visiting Subic Bay and could soon rise to 500-1,000 tourists a month. Desmond Yap, a businessman from Malaysia, told The Manila Times they have been doing business in Indonesia, Thailand, Cambodia, Malaysia and the Philippines and have decided to set up shop in Subic because of its reputation as a safe and secure area, good transportation and the environment is all conducive to attracting tourists. Yap’s group includes businessmen from Taiwan and Vietnam who are also seeking good local business partners. Subic Dragon Town representative Jacqueline Weber signed the sharing agreement with lawyer Francis Antonio, SBYC representative.
First Published: manilatimes.net