Boosted by a resurging seaport trade, SBMA recorded an income of P387 million last January, the highest monthly revenue ever recorded in the Subic agency’s almost 30 years of history.
SBMA is expecting a stronger position in regional seaborne trade this year following the maiden port call here last Wednesday of the shipping giant Mediterranean Shipping Company (MSC), as well as the revived port visit of the Taiwanese shipping line Wan Hai.
SBMA registered a revenue of P3.47 billion last year, capping the second year of the COVID-19 pandemic with an 8% growth in income and other major accomplishments in key performance areas.
Despite some business difficulties during the time of the COVID-19 pandemic, the number of workers in the Subic Bay Freeport Zone registered a continuing growth and reached a yearend total of 142,177 last year.
The Subic Bay Metropolitan Authority (SBMA) is among the top 12 finalists in the award for “Best in Tourism Practice During the Pandemic” during the 22nd National Convention of the Association of Tourism Officers of the Philippines (ATOP).
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