By Anthony Bayarong
SUBIC BAY Free port: The Subic Bay Metropolitan Authority (SBMA) announced Wednesday that Redondo Peninsula Energy Inc. will install a $420-million coal-fired plant next year while Subic Enerzone will set up a P210-million system installation and rehabilitation project to improve its service.
“These power projects are crucial to the growth of the Subic Free Port and the local economy because they will help reduce the cost of electricity in Subic, as well as address a projected increase in power demand,” SBMA Administrator Armand Arreza said.
The proposed 300-megawatt coal plant to be built near the Hanjin shipyard is designed to partly address the expected surge in electricity demand in Luzon.
The project, a joint venture of Aboitiz Power Corp. and Taiwan Cogeneration Corp., is scheduled for completion in 2011, with another 300-megawatt facility set to follow three years later.
Meanwhile, Subic Enerzone that operates the power distribution system in the Subic Free Port said that power consumption in its Subic franchise area has been increasing over the past few years, which is why it has to upgrade the power system in Subic, and put up additional generation facilities.
The substation upgrade projects include restoration or replacement of switchgears, installation of new power cables, and construction of take-off and by-pass structures.
2007年12月7日星期五
2007年11月15日星期四
Subic Freeport tops 2006 investment record
By Anthony Bayarong
SUBIC BAY Freeport: The year is not yet over but this free port has already topped its 2006 investment record by $30 million.
Records show that total investment of Subic Bay Freeport for 2006 was $1.425 Billion. For 2007, investments at the free port have already reached a total of $1.450 Billion for the period January to September.
The new commitments spiked Subic’s total cumulative investments to $5.22 billion, or a 28-percent increase over the 2006 cumulative record of $3.76 billion.
Subic Bay Metropolitan Authority (SBMA) Administrator Armand Arreza said the SBMA’s aggressive business promotion campaign has fueled the steady rise of investments in the free port in the past two years.
“We’ve described 2006 as a banner year for Subic when we bagged the $1-billion Hanjin project, but it appears that we’re going to top that record still,” Arreza said.
“With a full quarter to go, we’ve already hit the $1.45-billion mark, which is almost a $30-million increase over last year’s total of $1.425 billion,” Arreza added.
This year, Hanjin Heavy Industries and Construction Corp.-Philippines also delivered the biggest new investment when it infused an additional $684 million to cover additional orders for vessels made in its Subic shipyard.
Another Korean investor, KT Global Subic Inc., signed up in July for a high-rise complex worth $127 million, the SBMA said.
Meanwhile, the SBMA board approved 26 new investments in September, including a $1-million real-estate development project, according to the SBMA Market Research and Planning Department (MRPD).
The new projects, worth a total of $4.5 million, are expected to generate more than 600 new jobs, said MRPD manager Raymund Siongco.
The two biggest projects approved in September are those of Millenium Properties, which committed $1 million for hotel and restaurant operation, and Sungdo Steel Services, Inc., which will engage in construction and repair works, as well as import and export activities.
Korean investors own Millenium Properties, Sungdo Steel, and seven other firms in September’s top 10 biggest lists. The fifth biggest project, Biglift Intl. Inc., is a Filipino-owned company, while two others are joint venture projects.
The SBMA-MRPD also reported that as of the third quarter, the Subic Bay Free Port Zone has a total active workforce of 70,179, a slight drop from the 70,408 total recorded in August.
The drop, it added, was due to a decrease in worker deployment by port contractors who had recently completed their projects in Subic.
Most of the workers in Subic are employed by the services sector, which accounts for 81 percent, followed by those in the construction sector, 12 percent, and manufacturing, 7 percent.
Following the rising trend in investment commitments, the number of active workforce in Subic also rose steadily over the years, the SBMA said.
From the baseline data of 19,969 in 1999, the cumulative number of workers in Subic increased to 30,139 in 2000; 45,742 in 2001; 48,874 in 2002; 51,486 in 2003; 55,875 in 2004; 59,764 in 2005; and 63,485 in 2006.
The SBMA added that 43 percent of the current workforce comes from Olongapo City; 22 percent from Zambales; 14 percent from Bataan; 6 percent from the National Capital Region; 3 percent from Pampanga; and 12 percent from other areas.
SUBIC BAY Freeport: The year is not yet over but this free port has already topped its 2006 investment record by $30 million.
Records show that total investment of Subic Bay Freeport for 2006 was $1.425 Billion. For 2007, investments at the free port have already reached a total of $1.450 Billion for the period January to September.
The new commitments spiked Subic’s total cumulative investments to $5.22 billion, or a 28-percent increase over the 2006 cumulative record of $3.76 billion.
Subic Bay Metropolitan Authority (SBMA) Administrator Armand Arreza said the SBMA’s aggressive business promotion campaign has fueled the steady rise of investments in the free port in the past two years.
“We’ve described 2006 as a banner year for Subic when we bagged the $1-billion Hanjin project, but it appears that we’re going to top that record still,” Arreza said.
“With a full quarter to go, we’ve already hit the $1.45-billion mark, which is almost a $30-million increase over last year’s total of $1.425 billion,” Arreza added.
This year, Hanjin Heavy Industries and Construction Corp.-Philippines also delivered the biggest new investment when it infused an additional $684 million to cover additional orders for vessels made in its Subic shipyard.
Another Korean investor, KT Global Subic Inc., signed up in July for a high-rise complex worth $127 million, the SBMA said.
Meanwhile, the SBMA board approved 26 new investments in September, including a $1-million real-estate development project, according to the SBMA Market Research and Planning Department (MRPD).
The new projects, worth a total of $4.5 million, are expected to generate more than 600 new jobs, said MRPD manager Raymund Siongco.
The two biggest projects approved in September are those of Millenium Properties, which committed $1 million for hotel and restaurant operation, and Sungdo Steel Services, Inc., which will engage in construction and repair works, as well as import and export activities.
Korean investors own Millenium Properties, Sungdo Steel, and seven other firms in September’s top 10 biggest lists. The fifth biggest project, Biglift Intl. Inc., is a Filipino-owned company, while two others are joint venture projects.
The SBMA-MRPD also reported that as of the third quarter, the Subic Bay Free Port Zone has a total active workforce of 70,179, a slight drop from the 70,408 total recorded in August.
The drop, it added, was due to a decrease in worker deployment by port contractors who had recently completed their projects in Subic.
Most of the workers in Subic are employed by the services sector, which accounts for 81 percent, followed by those in the construction sector, 12 percent, and manufacturing, 7 percent.
Following the rising trend in investment commitments, the number of active workforce in Subic also rose steadily over the years, the SBMA said.
From the baseline data of 19,969 in 1999, the cumulative number of workers in Subic increased to 30,139 in 2000; 45,742 in 2001; 48,874 in 2002; 51,486 in 2003; 55,875 in 2004; 59,764 in 2005; and 63,485 in 2006.
The SBMA added that 43 percent of the current workforce comes from Olongapo City; 22 percent from Zambales; 14 percent from Bataan; 6 percent from the National Capital Region; 3 percent from Pampanga; and 12 percent from other areas.
2007年11月14日星期三
So who's the protector
Here the positiong statement of the Subic Bay Press Corps regarding the article published in the Journal Gourp of publication, we are currently investigating the allegation but we hope and we are urging the Journal Group to do the same.
So who’s the protector?
The Subic Bay Press Corps (SBPC) denounces the serious allegations of Johnny Reblando, provincial correspondent of People’s Journal and RMN News Manila, who has written published reports that illegal gambling operations at “Peryahan” in the Subic Bay Freeport and in Olongapo City are being protected by mediamen covering the Subic Bay Freeport.
Reblando made this false accusation not once, but thrice in articles published in the People’s Journal on November 2, 4 and 5.
This accusation, ironically made by someone being accused—and with reason, we believe—of being an extortionist, tarnished the reputation of the local press, which we in the SBPC have every reason to protect.
In his articles, Reblando tried to distance himself and his publication from the alleged illegal activities, saying that ‘Illegal gambling…is allegedly partly protected by some mediamen covering the Freeport (not from the Journal Group).”
But we say that the exact opposite is true, because in a sworn statement made by Avelino Menor, owner of a “peryahan” in Olongapo City, specifically pinpointed Reblando as the one who has been collecting protection money from him.
Menor said that he has been giving money to Reblando since 2005, at first only for cell phone loads, until Reblando began demanding P20,000 as protection money in 2006.
Menor further said in his affidavit that last October 14, he gave Reblando P10,000 as down payment for protection money for three months. Menor said he promised to give the remaining P10,000 on November 15, but Reblando reportedly called him up on October 30, asking for the rest of the protection money.
When Menor could not produce what Reblando demanded, the latter published his first story on November 2, now saying that a gambling den was being “tolerated by some barangay and police officials and mediamen (not from the Journal Group).”
This is a classic “wag the dog” scheme perpetrated by an apparent “attack and collect, defend and collect (AC/DC)” con artist masquerading as a legitimate member of the media. And it is very unfortunate that the People’s Journal for whom Reblando “writes” would fall for the ruse hook, line and sinker.
But we, the members of the Subic Bay Press Corps, won’t take this sitting down. We will conduct our own investigation regarding this serous attack on the local press, and we urge the Journal Group, RMN Manila, the National Press Club, and the police to do the same posthaste.
The Journal Group, in particular, should take a serious interest in this matter because Menor had revealed to some of SBPC members that Reblando has even brought along his “editor” during his collection sortie last month. Reblando has reportedly claimed that he and his editor would evenly split the P20,000 protection money between them.
Obviously, someone is really extorting protection money from the “peryahan,” but it looks obvious that the accuser is himself the culprit. So, who’s the protector now? We are sure the answer would soon unmask the real character of this pretender to our profession.
So who’s the protector?
The Subic Bay Press Corps (SBPC) denounces the serious allegations of Johnny Reblando, provincial correspondent of People’s Journal and RMN News Manila, who has written published reports that illegal gambling operations at “Peryahan” in the Subic Bay Freeport and in Olongapo City are being protected by mediamen covering the Subic Bay Freeport.
Reblando made this false accusation not once, but thrice in articles published in the People’s Journal on November 2, 4 and 5.
This accusation, ironically made by someone being accused—and with reason, we believe—of being an extortionist, tarnished the reputation of the local press, which we in the SBPC have every reason to protect.
In his articles, Reblando tried to distance himself and his publication from the alleged illegal activities, saying that ‘Illegal gambling…is allegedly partly protected by some mediamen covering the Freeport (not from the Journal Group).”
But we say that the exact opposite is true, because in a sworn statement made by Avelino Menor, owner of a “peryahan” in Olongapo City, specifically pinpointed Reblando as the one who has been collecting protection money from him.
Menor said that he has been giving money to Reblando since 2005, at first only for cell phone loads, until Reblando began demanding P20,000 as protection money in 2006.
Menor further said in his affidavit that last October 14, he gave Reblando P10,000 as down payment for protection money for three months. Menor said he promised to give the remaining P10,000 on November 15, but Reblando reportedly called him up on October 30, asking for the rest of the protection money.
When Menor could not produce what Reblando demanded, the latter published his first story on November 2, now saying that a gambling den was being “tolerated by some barangay and police officials and mediamen (not from the Journal Group).”
This is a classic “wag the dog” scheme perpetrated by an apparent “attack and collect, defend and collect (AC/DC)” con artist masquerading as a legitimate member of the media. And it is very unfortunate that the People’s Journal for whom Reblando “writes” would fall for the ruse hook, line and sinker.
But we, the members of the Subic Bay Press Corps, won’t take this sitting down. We will conduct our own investigation regarding this serous attack on the local press, and we urge the Journal Group, RMN Manila, the National Press Club, and the police to do the same posthaste.
The Journal Group, in particular, should take a serious interest in this matter because Menor had revealed to some of SBPC members that Reblando has even brought along his “editor” during his collection sortie last month. Reblando has reportedly claimed that he and his editor would evenly split the P20,000 protection money between them.
Obviously, someone is really extorting protection money from the “peryahan,” but it looks obvious that the accuser is himself the culprit. So, who’s the protector now? We are sure the answer would soon unmask the real character of this pretender to our profession.
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