SBMA Supports New Investments
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Written by Loren
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Wednesday, 15 July 2009 |
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Despite of the bleak in global business outlook, SBMA Administrator Armand Arreza, said that the agency signed up a total of 30 new projects worth P1.5 billion for the first quarter this year, topping by 13.6 percent the recorded volume of new investments in the same period last year.Arreza said during the mass contract signing held at the Subic Gateway Park here that the new projects brought to 966 the total number of registered investors here. In addition, 580 workers are expected to be employed by the newly-registered Subic companies. With the continued influx of investments here despite the global economic slowdown, Arreza said the SBMA is optimistic that Subic will weather the current crisis. [via PIA] |
