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SBMA takes over leased land of erring truck trading company

In consonance with the objective of President Ferdinand R. Marcos, Jr. to attain increased economic activity, Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Jonathan D. Tan has adopted a position to buckle down on erring locators, giving way to upright investors for more revenues and employment opportunities.

𝑆𝐵𝑀𝐴 𝑆𝑒𝑛𝑖𝑜𝑟 𝐷𝑒𝑝𝑢𝑡𝑦 𝐴𝑑𝑚𝑖𝑛𝑖𝑠𝑡𝑟𝑎𝑡𝑜𝑟 𝐴𝑡𝑡𝑦. 𝑅𝑎𝑚𝑜𝑛 𝐴𝑔𝑟𝑒𝑔𝑎𝑑𝑜, 𝐷𝑒𝑝𝑢𝑡𝑦 𝐴𝑑𝑚𝑖𝑛𝑖𝑠𝑡𝑟𝑎𝑡𝑜𝑟 𝑓𝑜𝑟 𝐿𝑒𝑔𝑎𝑙 𝐴𝑡𝑡𝑦. 𝑀𝑖𝑐ℎ𝑎𝑒𝑙 𝑄𝑢𝑖𝑛𝑡𝑜𝑠, 𝑡𝑜𝑔𝑒𝑡ℎ𝑒𝑟 𝑤𝑖𝑡ℎ 𝑜𝑡ℎ𝑒𝑟 𝐴𝑔𝑒𝑛𝑐𝑦 𝑜𝑓𝑓𝑖𝑐𝑖𝑎𝑙𝑠 𝑙𝑒𝑎𝑑 𝑡ℎ𝑒 𝑡𝑎𝑘𝑒 𝑜𝑣𝑒𝑟 𝑜𝑓 𝑡ℎ𝑒 𝑙𝑒𝑎𝑠𝑒𝑑 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑜𝑓 𝑡𝑟𝑢𝑐𝑘 𝑡𝑟𝑎𝑑𝑖𝑛𝑔 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 𝑁𝑖𝑙𝑒 𝑁𝑖𝑖𝑔𝑎𝑡𝑎 “𝑈𝑛𝑑𝑒𝑟 𝑆𝐵𝑀𝐴 𝑐𝑜𝑛𝑡𝑟𝑜𝑙” 𝑑𝑢𝑒 𝑡𝑜 𝑠𝑒𝑣𝑒𝑟𝑎𝑙 𝑢𝑛𝑠𝑒𝑡𝑡𝑙𝑒𝑑 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 𝑑𝑒𝑓𝑎𝑢𝑙𝑡𝑠.

On Friday, November 10, the agency Chief, thru SBMA Senior Deputy Administrator Atty. Ramon Agregado led the repossession of the leased premises of the Nile Niigata Subic, a truck trading company located along Boton Highway, Subic Bay Freeport Zone.

In a letter to Nile Niigata President Muhammad Kafeel, Chairman Tan cited that the lease term of the company had already expired last January 31, 2022.

He further noted that the company has unsettled accounts with the SBMA amounting to almost P5Million. The said arrears represented the company’s unpaid lease rentals, Common Use Service Area (CUSA) fees, and the five percent share of the Aeta indigenous cultural community which had already accrued interests and penalties as of November 8, 2023.

Tan also mentioned that despite the foregoing defaults, he granted a final grace to fully settle their outstanding obligations and comply with the rules of the SBMA, on or before October 31. “Unfortunately, they failed to make a settlement despite the utmost liberality the SBMA has extended,” he added.

“While we try to understand the financial predicament of our locators, still, this is a business we need to run efficiently for our stakeholders and the country in general. This is why we are hell bent and determined now more than ever, on taking over properties of erring locators so we can offer them to other legitimate companies that can help steer the country’s economy on an upward trend. The “how” is called “tough love.”

Nile Niigata was engaged in trading, import and export of trucks, buses and heavy equipment, including spare parts. It is also into trading of industrial construction and agricultural machineries and equipment, including conversion and repair parts. The company occupied 1,588 square meters of area of leased property, with a direct lease with the SBMA.

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