NEWS AROUND SUBIC BAY

The Port of Subic posted an impressive 11 percent growth in revenue in the first five months of this year, despite less ship calls recorded in the same period. According to Subic Bay Metropolitan Authority (SBMA) Administrator and CEO Wilma Eisma, total port revenue logged from January to May 2017 in Subic reached P488.82 million, which was 11 percent higher than the P440.99 million recorded in the same period last year.

The country’s premier Freeport will host Ad Summit Pilipinas 2018, which will mark the return for the third time here of the biggest learning event in advertising and marketing industry in the country. Subic Bay Metropolitan Authority (SBMA) Administrator Wilma T. Eisma and Norman Agatep, chairman of the Association of Accredited Advertising Agencies of the Philippines (4As), recently signed a memorandum of agreement for the holding of the conference at the Subic Bay Exhibition and Convention Center here on March 7 to 10 next year.

The Philippines is now pushing to establish Central Luzon as the ideal destination for Taiwanese investments under Taiwan’s New Southbound Policy that seeks enhanced economic collaboration with countries in Southeast Asia, South Asia and Australasia. Speaking as a member of the Philippine delegation in the recent Philippine Investment Promotion Plan (PIPP) Investment Roadshow to Taiwan, Subic Bay Metropolitan Authority (SBMA) Administrator Wilma Eisma urged Taiwanese business groups in Taipei and Taichung City to take a closer look at the so-called Central Luzon Manufacturing and Logistics Zone (CMLZ) as a prime investment destination.