Presented by ROBERTO V. GARCIA Chairman and Administrator Subic Bay Metropolitan Authority
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 1/51
Presented by
ROBERTO V. GARCIAChairman and Administrator
Subic Bay Metropolitan Authority
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 2/51
BUILDING THE NEW SUBICKey Performance Indicators (2012 vs. 2011)
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 3/51
Major developments affecting 2012
VIP (Vietnam / Indonesia / Philippines) emerging dragon economieson radar screen of foreign investors
Strong Philippine economic performance due to investor confidencearising from good governance practices
United States “Asia Pivot” strategy
National government’s decision to utilize SBIA as the Philippine Air Force’s forward operating base as key defensive strategy
3S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 4/51
Key Performance Indicators
NEW PROJECTS AND INVESTMENTS
KPI 2011 2012 Variance
Total CommittedInvestments
US$959 M US$70 M
CumulativeInvestments(1992-2012)
US$7.83 B US$7.90 B
No. of NewProjects
127 351176%
93%
0.9%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 5/51
New Approved Investments
2011 Top New Approved Investments
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 5
Rank CompanyCommitted Investments
(In US$) Converted to PhP(US$1 = PhP43)
1 Energy Logics Solar Holdings, Inc. 458,500,000 19,715,500,000
2 HydroChina Subic Limited Corp. 450,000,000 19,350,000,000
3 Multifront Marketing Corp. 22,696,323 975,941,897
4 Filhan Hotel Leisure & Dev’t. Corp. 2,222,222 95,555,546
5 Subic Super Yacht Haven, Inc. 1,995,000 85,785,000
6 Rowena Minoo Samurai, Inc. 1,500,000 64,500,000
7 Bigrid Corp. 1,150,855 49,486,765
8 First Subic Food Ventures Corp. 932,000 40,076,000
9 Others 20,515,258 882,156,086
GRAND TOTAL US$ 959,511,658 PhP 41,259,001,294
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 6/51
New Approved Investments
2012 Top New Approved Investments
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 6
Rank CompanyCommitted Investments
(In US$)Converted to PhP(US$1 = PhP42)
1 Malayan Towage and Salvage Corp. 11,627,000 488,334,000
2 Astro Air International, Inc. 5,270,000 221,340,000
3 Raizen Asia Pte. Ltd. 5,200,000 218,400,0004 Subic Ray Corporation 4,597,500 193,095,000
5 NSStern International, Inc. 3,609,112 151,582,733
6 Elite Delight Investments Ltd. 2,325,581 97,674,419
7 Global Daeil Subic, Inc. 2,047,619 86,000,000
8 Magnum Air (Skyjet), Inc. 1,599,302 67,170,697
9 AIA Planters Aviation Corporation 1,350,000 56,700,000
10 First Subic Food Ventures Corp. 1,218,333 51,170,000
11 Others 31,611,834 1,327,696,967
GRAND TOTAL US$70,456,281 PhP2,959,163,816
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 7/51
New Approved Foreign and Local Investments
New Approved Investments (2011 vs 2012)
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 7
CommittedInvestment 2011 2012 Increase
Total in US$ 959 M 70 M (889 M)
LessRenewableEnergy Projects
908 M
Net NewCommittedInvestment
51 M 70 M 19 M
37%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 8/51
Key Performance Indicators
EXPORTS
Our Top 3 Exporters in terms of FOB Value
8S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
KPI 2011 2012 Increase
Export(FOB Value)
US$0.826 B US$1.927 B 133%
Rank Exporter FOB US$
1 HHIC-PHIL 1.189 B
2 SANYO DENKI 0.144 B
3 JUKEN SANGYO 0.083 B
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 9/51
Key Performance Indicators
EMPLOYMENT GENERATION
KPI 2011 2012 Increase
No. of JobsGenerated
88,957 89,104 0.17%
2012 Workforce by Business Sector
SERVICES42.64%
SHIPBUILDINGMARINE RELATED
SERVICES30.61%
CONSTRUCTION9.10%
DOMESTICHELPERS/
CARETAKER0.61%
MANUFACTURING17.03%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 10/51
Contributing to the National and Local Economy
BIR & BOC CASH REMITTANCES
TO NATIONAL GOVERNMENTCollecting
Agency 2011 2012 Increase
BIR PhP 1.107 B PhP 1.286 B
BOC PhP 6.117 B PhP 6.329 B
TOTAL PhP 7.224 B PhP 7.615 B 5.42%
16.22%
3.47%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 11/51
Contributing to the National and Local Economy
NATIONAL GOVERNMENT AND LGU SHARES
11S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Allocation from5% Corp. Tax 2011 2012 Variance
National PhP199 M PhP187 M
LGUs 145 M 139 M
TOTAL 344 M 326 M
4%
SUBIC18 M
CASTILLEJOS10 M
SAN MARCELINO15 M
SAN ANTONIO11 M
MORONG11 M
HERMOSA
13 M
DINALUPIHAN16 M
OLONGAPO CITY32 M
6%
5%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 12/51
GAINING GROUND2012 Major Developments and Accomplishments
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 13/51
Financial Performance
HIGHEST PROFIT IN SBMA’S 20-YEAR HISTORY
13S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Net IncomeAfter Taxes
2011 2012 Increase
(PhP 1,118 M) PhP 811M 170%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 14/51
2012 Financial Turnaround
O F F I C E O F T H E A N D A D M I N I S T R A T O R
Gross Revenues vs. Net Income
Total cumulative loss reduced from PhP 7 to 6.2 Billion
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 15/51
2012 Financial Summary
2011 2012 Variance
Revenues PhP 1,410 M PhP 1,634 M 16%
Operating Expenses (1,082) (1,006) -7%
EBITDA
(Operating Profit) 328 628 91%
Depreciation (676) (742) 10%
EBIT (342) (115) 67%
Other
Income/Expenses(766) 926 221%
Net (Loss) Profit (PhP 1,113 M) PhP 811 M 173%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 16/51
Increased Revenues by 16%
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 16
RevenueSource
Increase
Land andBuildings
PhP85 M 12%
RegulatoryIncome
84 M 74%
Seaport
Operations
63 M 19%
AirportOperations
3 M 7%
CUSA and Admin Fees (AF)
Collection of unpaid past dueaccounts, totalling PhP34 M
Admission Fees of PhP36 Mfor motor vehicles and heavyequipment
Increase of PhP20 M inSBMA’s Gross Revenue Share
from locators
Increased fees (Co-location /Visa and accreditation /CRTE/PTO / Vehicle Registration)
CUSA Total Collected 12 MAF Total Collected 3 M
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 17/51
Reduced Expenses by 7%
CUT OPERATING EXPENSES WITH AUSTERITY MEASURES
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 17
Expense Item Decrease(In Peso Thousands)
Manpower 33,323 (17%)
Others (Rentals, meals,reimbursements, etc.)
8,375 (47%)
Power & Water 4,251 (18%)
Supplies & Fuel 2,561 (57%)
Advertising 1,717 (64%)
Communication Services 1,036 (34%)
Repairs & Maintenance 360 (36%)
Travel & Training 290 (71%)
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 18/51
Low CAPEX
CUT CAPITAL EXPENDITURES
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 18
CAPEX Decrease(In Peso Thousands)
Land & LandImprovements 22,233 (84%)
Equipment Outlays 4,534 (27%)
IT Outlays 7 (100%)
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 19/51
Foreign Exchange Gains
19S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
FAVORABLE EXCHANGE RATES
ON SBMA’S FOREIGN LOANS
2011 2012 FOREX Gains
(PhP .566 M) PhP 1.11 M 297%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 20/51
Increased Operating Profit by 91%
20S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
The bottomline is that EBITDA substantiallyincreased.
2011 2012 Increase
PhP 328 M PhP 628 M 91%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 21/51
2012 Development Highlights
SEAPORT
Launch of Vale’s Ore Transhipment Hub Start of commercial operations of New Container Terminal 2
Successful holding of First Subic Bay Maritime Conference & Exhibit withmore than 500 foreign and local participants
Creation of SBMA-initiated Maritime Technical Working Group to implementstakeholders’ recommendations made during the Conference
Approved contract and project along Argonaut Highway for a super yachtmarina facility
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 21
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 22/51
2 0 1 1 S t a t e o f t h e F r e e p o r t A d d r e s s
NEW MARITIME
PROJECTS Malayan Towage and Salvage
Corporation
HY Shipbuilders Corporation
Asia Pacific Chartering Phil., Inc.
Sea-tech Marine Automation Co.,Ltd.
Multihullsdirect Corporation
Seaport
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 23/51
OPERATIONS
Seaport
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 23
KPI 2011 2012 Variance
Gross
Registered
Tonnage (GRT)
14,049,553 23,902,552
No. of Ship
Calls 1,803 2,003
Containerized
Cargo (in TEUs)27,671 36,304
Non-
containerizedCargo (in MTs)
2,593,117 2,213,709
70%
11%
47%
15%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 24/51
2012 Development Highlights
AIRPORT
Suspension of development plans for airport conversion to aworld class tourist destination in deference to national securityconcerns
Promotion of SBIA for general aviation, aircraft repair, jetcharters and other allied aviation activities
Use of the airport area as staging ground for various eventsranging from car test driving/product launching, moviefilming/photo shooting by different TV networks and advertisers,sky diving and triathlon to the VFA or RP-US Mutual DefenseTreaty Exercise
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 24
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 25/51
Airport
OPERATIONS
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 25
Source 2011 2012 Variance
Lease PhP 32.78M PhP 30.56M (5.6%)
Airport Fees 3.75M 5.80M 54.4%
Royalty .12M .17M 40.1%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 26/51
2012 DEVELOPMENT HIGHLIGHTS
513% increase in the number of leisure-related new and expansionprojects (319 in 2012 vs. 52 in 2011)
Opening of Ayala Land Harbor Point Mall
Resom Resort Philippines development of hotel, casino and golf course invarious areas
Subic Ray Corporation residential/condotel facility at Moonbay Marinaarea
American International School at the former Legenda Suites
McDonald’s at Harbor Point and Rizal Highway
Subic Bay Peninsular Hotel (Former Grand Seasons Hotel and Casino)
Puregold Supermarket at Fortuna Anchor Mall, Harbor Point
26S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Tourism
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 27/51
Tourism
Increase of 130 in the number of
new hotel rooms
38 rooms (Terrace Hotel)
60 rooms (Mango Valley III)
20 rooms (Jusco Hotel)
12 dormitory rooms (The Cabin)
Increase of 26% in the number of
other tourism-related facilities
Ayala Land’s Harbor Point
274 new merchant stores
Four (4) state-of-the-art cinemas
Average foot traffic of 29,600 onweekdays and 39,713 onweekends
Additional 31 new restaurants/diningfacilities, including those at Harbor Point
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 27
2012 DEVELOPMENT HIGHLIGHTS
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 28/51
Development of Subic Bay as Tourist Destination
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 29/51
Tourism
TOURISM TRAFFIC (Arrivals via SCTEX only)
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 29
YearVisitorArrivals
TouristArrivals
HotelGuests
HotelOccupancy
Rate
2012 5,228,434 1,252,217 1,208,151 69%
2011 4,631,696 1, 150,637 1,106,571 71%
Variance 13% 9% 9% 2%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 30/51
Development of Subic Bay as MICE Destination
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 31/51
Tourism
MICE
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 31
Meetings/Incentives/Conventions/Exhibitions
No. of Participants
Classification 2011 2012 Increase 2011 2012 Increase
International 11 20 82% 2,725 8,955 229%
Local 131 273 108% 104,382 119,673 15%
TOTAL 141 293 108% 107,107 128,628 20%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 32/51
Tourism
SPORTS
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 32
Sports Events
Classification 2011 2012 Increase
International 8 15 88%
Local 27 33 22%
TOTAL 35 48 37%
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 33/51
2012 Development Highlights
Orica Philippines, Inc., first SBF locator that will use our bunkers in Ilanin ForestEast – Sustainable Use Zone asregional logistics hub
Linneman Technologies, Inc.
Global Architectural Fabrications Subic
Innovative Fibre Industries, Inc.
Vibro Equipment & Parts Far East Co
33S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
INDUSTRIAL LEASES
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 34/51
2012 Development Highlights
Repossession from defaulting or non-paying locators and residents of leased
premises, totaling some 257,786 square meters (SQM) of land.
Continuous business mapping of locators and residents, resulting inbillings of PhP5 M and $10 K for SBMAsublease shares
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 34
Facility Land Size (SQM)
Paradise Consulting 45,097
Wanbol Area 44,022
Legenda Suites 40, 000
Firing Range 36,261
Edu Palace 25,000
Go-Kart Area 21,020
EOD Area 14,763
“Blue Skeleton” 10,519
Mini-Golf Area 10,000
Aparri ElectronicCorporation
8,104
Summit Hotel 3,000
INDUSTRIAL LEASES
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 35/51
2012 Good Governance Initiatives
Rice Smuggling
Additional control measure,requiring importers of restrictedgoods to secure the necessarypermits from concernedgovernment agencies prior to
unloading the goods in theFreeport
Suspension of concerned SBMAofficers and revamp of SeaportDepartment
Suspension of involvedtrader/locator and subsequentcancellation its CRTE and PTO
Waste Dumping
Suspension of operations of GlennDefense Marine and other wasteservice contractors, involving thecollection and disposal of shipsewage using sea vessels
Additional preventive measure,requiring that all such sea vesselsewage are to be collected directlyfrom the ship at the pier andtransported by accredited land-
based haulers to be treated inaccredited waste treatment plants
Coordination with DENR andPhilippine Coast Guard for imposition of appropriate penalties
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 35
ACTIONS TAKEN RELATIVE TO CONGRESSIONAL HEARINGS
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 36/51
2012 Good Governance Initiatives
Creation of Regulatory Monitoring Unit for easier
inspection process for renewal of Business Permitto Operate (BPTO)
Conduct of Social Acceptability Process for RP Energyproject and publication of its final report in SBMA’s website
Management reorganization
Implementation of “NO PLASTIC POLICY”
Continuing improvement of Freeport image through“OPERATION FACELIFT”
Launching of “COMMUNITY WATCH PROGRAM”
Set up of “PROJECT UNITY” with LGUs
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 37/51
TAKING OFFPlans and Prospects for 2013
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 38/51
Asia’s Newest Emerging Dragon
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 38
Exchange rate improved
by 3.70%
Asia’s best performing
stock market
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 39/51
2013 Plans and Prospects
DEVELOPMENT THRUSTS AND ACTION PLANS
1) Maximize Seaport and Airport capacity utilization
2) Aggressively promote tourism programs and build new tourism infrastructure
3) Develop idle properties and lease out remaining available lands
4) Streamline locator procedures to make them more “customer -friendly”
5) Certification by a third party certifying body in ISO 9001:2008 QualityManagement System
6) Public bidding of SBMA’s 20% share in Subic Water and Sewerage
Company, Inc.
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 39
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 40/51
2013 Plans and Prospects
DEVELOPMENT THRUSTS AND ACTION PLANS
7) Implement new Rationalization Plan and long overdue salaryincreases
8) Complete financial re-structuring plan
9) Launch new corporate website
10) Expand SBMA territory through EO 675 to provide land for newindustrial locators
11) Purchase badly needed equipment for security, maintenance andinfrastructure
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 40
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 41/51
2013 Plans and Prospects
PRIORITY SHOPPING LIST
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 41
ITEM COST
RFID Gate Security System PhP50 M
CCTV System 50
IT Enterprise Resource Planning System 60
LED and other service vehicles 15Dump trucks & garbage trucks 13
Harbor patrol boats 9
Others (Supplies, thermoplastic pavement markings, etc.) 5
Traffic light & dump truck repair 3
TOTAL PhP205 M
2013
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 42/51
2013 Plans and Prospects
SEAPORT PROJECTS
Aggressive marketing by Maritime Technical Working Group for increased utilization of New Container Terminals 1 and 2 as analternate port to decongest Manila
Second VALE iron ore transshipment operations
Opening of feeder lines to Singapore and Japan Redevelopment of NSD portion
New ship building projects in Redondo Peninsula
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 42
2013 Pl d P t
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 43/51
2013 Plans and Prospects
AIRPORT PROJECTS
Aggressive marketing for general aviation,aircraft repair, jet charters, etc.
Astro Air International, Inc.’s Taiwan-Subic-Taiwan commercial flights twice a week
Balikatan exercises at SBIA’s South Westand South East Aprons
Department of National Defenseto occupy small portion of SBIA under commercial terms
Application of EO 271 to be able to take aportion of the 16 transit flights of Air Macau toVietnam, Malaysia and Thailand, and divertthese to Subic
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 43
2013 Pl d P t
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 44/51
2013 Plans and Prospects
44S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
SUBIC BAY AS A TOP TOURIST DESTINATION
Under ConstructionCompletion and
Operationsin 2013
TOTAL
Legenda Hotel & Casino 600 rooms
1,000 hotelrooms
Buma Subic 35 rooms Rock Crystal Hotel 200 rooms
Freeport Mansions 65 rooms
Subic Bay Peninsular Hotel 100 rooms
Freeport Elite 80 condotel units 120 condotel
unitsSegara Residences 6 condotel units
Mora Moto 34 condotel units
A total of 1,120 additional rooms
2013 Pl d P t
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 45/51
Subic Bay as Theme ParkCapital of the Philippines
Boardwalk Water Park
Subic Aviary and Bird Park
Holy Land Subic Sanctuary &Theme Park
Treetop Adventure Expansion
Moonbay Marina’s River Walk
2013 Plans and Prospects
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 45
TOURISM
2013 Pl d P t
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 46/51
2013 Plans and Prospects
Subic Bay as the country’s topsports tourism site
Continuation of current sports eventsin sailing, marathon, triathlon, boxing,cycling, beach volleyball and water
sports
Completion of Binictican golf course
Manny Pacquiao’s Sports Complex
Minanga Golf Course
Muy Thai, UFC, American Footballspecial events
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 46
TOURISM
2013 Pl d P t
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 47/51
2013 Plans and Prospects
Boardwalk Development Project Resom Resort Hotel and Casino
Legenda Hotel and Casino
Prospective developers for “blue skeleton”, Boardwalk area, and SBMA
offices block
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 47
TOURISM
2013 Pl d P t
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 48/51
2013 Plans and Prospects
West Ilanin Redevelopment Project Resom Villas & Spa Resort
Central Business District
New Royal Choices shopping center
Harbor Point Transport Terminal and Retail Area
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 48
TOURISM
2013 Plans and Prospects
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 49/51
2013 Plans and Prospects
Expansion of SBMA territorythrough EO 675 in Redondo and
Hermosa area for new ship
builders and industrial locators
Belgium-based Enfinity
Philippines Renewable Resources,Inc. (Solar power generation facility
to be operated by one of the
world’s leading developers of solar
photovoltaic [PV] projects)
S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y 49
INDUSTRIAL LEASES REGULATORY
Creation of joint SBMA –BOCTechnical Working Group to more
effectively combat smuggling
Streamlining of business
processes to reduce requirements
and improve delivery of services Amendments to existing
agreements with other agencies or
implementation of new agreements
Enhancement of safety culture
through CommunityWatchcampaign and intensified LED
security activities
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 50/51
2013 STRATEGIC PLAN SUMMARY
50S U B I C B A Y M E T R O P O L I T A N A U T H O R I T Y
Maximize land use potential of the Freeport
Aggressively pursue JICA recommendation to use Subicas alternate port to decongest Manila
Develop the airport for general aviation, aircraft repair, jetcharters and other allied aviation activities
Fully exploit tourism potential by creating new attractionsand destinations, promoting MICE, sports and theme parksto attract more tourists
Invest in new equipment and infrastructure needed tosupport SBMA’s strategic initiatives above
Improve the Agency’s financial performance further toprovide funds for its Strategic Plan
7/28/2019 2013 SOFA 03182013 FINAL
http://slidepdf.com/reader/full/2013-sofa-03182013-final 51/51
GOODGOVERNANCE
MAKES GOODBUSINESS.
“THE BEST IS
YET TO COME…”