Philippine Ambassador to Singapore Antonio Morales (third from left) recently met with the representatives of the European-ASEAN Business Alliance (EABA) at the Philippine Embassy in Singapore. He was joined by Philippine Trade & Investment Centre Commercial Counsellor Glenn Peñaranda (extreme right). Representing EABA are (from left to right): Shell Special Adviser Mr. Thai Keong Chua, UBS Senior Economist Mr. Edward Theater, Shell Regional Adviser to the ASEAN Mr. Sahala Sianipar and EABA Executive Director Mr. Marcin Czaplicki.
Subic Bay Metropolitan Authority (SBMA) has reported P1.2 billion net profit in the first half this year, the freeport’s highest in its 21-year history.
In its mid-year accomplishment report, SBMA said the P1.2 billion net income in the first half of the year was a result of strong performance from key areas in investment generation, customs duties and tax collections, export production, as well as job creation.
In terms of committed investments, the SBMA amassed $267 million in the first six months of 2014, a 400 percent improvement over the $53 million record in the same period the previous year.
Freight-on-board exports rose by 173 percent, with $185.088 million in the first semester 2014 compared with $67.476 million last year; while employment generation improved to 90,425 in the first half of 2014 from 89,436 in 2013.Go to full article at http://www.mb.com.ph/sbma-nets-p1-2-billion-in-1h-highest-in-21-years/
A Japanese firm engaged in the processing of coconut by-products is set to invest millions at the Zamboanga City Special Economic Zone Authority and Freeport (Zamboecozone).
Christopher Lawrence Arnuco, Zamboecozone Chairman and Administrator, said Tokyo Tec Corp is putting up two factories in the last quarter of this year in a four-hectare area of Zamboecozone’s 1st Industrial Park.
Arnuco said one of the factories is for food production and the other one is for energy. The firm is set to complete next month the needed documents including Securities and Exchange Commission registration.
He said the entry of Tokyo Tec Corp will provide livelihood opportunities to farmers citing the firm would buy at least 100,000 coconuts daily to be processed. Go to full article at http://www.freshplaza.com/article/125948/Philippines-Japanese-company-to-invest-in-Zamboecozone
To develop competitive advantage and achieve inclusive growth in the country, the full participation of all cities and municipalities in improving ease and cost of doing business, governance, and business environment is needed.
In the recently conducted 2nd Regional Competitiveness Summit, the National Competitiveness Council (NCC) disclosed the annual results of the 2014 Cities and Municipalities Competitiveness Index (CMCI) that measures competitiveness at the local government level using 28 indicators grouped into three equally-weighted pillars: Economic Dynamism, Government Efficiency, and Infrastructure. Scores on each pillar were combined to form the overall score used to rank cities and municipalities.Continue reading
Employees of the Authority of the Freeport Area of Bataan (AFAB) vowed to promote and support gender equality after they underwent a training–workshop on Gender Sensitivity and Introduction to GAD Planning and Budgeting.
Organized by AFAB’s GAD Technical Working Group (TWG), the seminar aimed to raise the awareness of employees on the core messages of gender sensitivity, analysis tools and responsive planning and budgeting. This was attended by 30 female and 10 male employees.
AFAB Deputy Administrator and GAD Execom member Patrick Ty emphasized that the event is important to ensure that the Authority is adhering to GAD laws and program and budget policies mandated by the United Nations and the national government.Continue reading