By Cecille
Garcia | Posted on Jul. 15, 2013 at 12:00am | manilastandardtoday.com ]
SUBIC BAY
Freeport—Investment pledges approved by the Subic Bay Metropolitan Authority in
the first half jumped 1,215 percent year-on-year, led by the expansion of
existing projects.
SBMA chairman
and administrator Roberto Garcia said committed investments in the first half
reached $575.33 million, up from $43.86 million recorded during the same period
last year.
“Despite a
drop of 55 percent in the number of new investment projects in the Freeport for
the first half of the year, compared to [the first half of] last year, bigger
investments have been signed up this year,” Garcia said.
Data from the
SBMA business and investment group showed the top five investors in the
January-June period were Korean leisure property developer Resom Resort
Philippines Inc., FFC Subic Seafood Corp., Johanna-Subic Seafood Corp., Simon
and Stanley International Trading and Development Corp. Inc. and Subic Bay View
Development Corp.
The combined
committed investments of these five projects amounted to $554 million, or 96
percent of the total amount pledged for the six-month period.
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