Businessmirror may 21, 2017

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PHL’s premier free port banks on biggest assets, a safe harbor and strategic location, to cement competitive edge

Subic Bay reloaded

The 1,440-TEU MV Cape Fulmar unloads cargoes at the New Container Terminal 2 in the Subic Bay Freeport, marking the opening of the new South Korea-Taiwan-Philippines route for the shipping giant Evergreen Lines.

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Text & photos by Henry Empeño | Correspondent

UBIC BAY FREEPORT—With its deep water, sheltered port and strategic location, this former military base is poised to be another springboard for the country’s campaign for a bigger economic role in the Southeast Asian region.

And as the Philippines seeks to increase its foothold in the regional market, the Subic Bay Metropolitan Authority (SBMA), which manages the free port, is increasingly confident that an improved Subic Bay Freeport could deliver the goods as a global logistics center. The key, according to SBMA Chairman Martin B. Diño and Administrator Wilma T. Eisma, is to further develop Subic as an international seaport and airport, and

MONDILLA UP; TABUENA, LASCUñA SET TIGHT DUEL C LYDE MONDILLA came out of nowhere to grab the clubhouse lead with an eagle-spiked 66 in another weatherdelayed third round on Friday, but fancied Miguel Tabuena and Tony Lascuña lined themselves up for a marquee title clash in the International Container Terminal Services Inc. (ICTSI) Manila Southwoods Championship at the Legends course in Carmona, Cavite. Mondilla struck from five flights behind to the top of the heap with five birdies and an eagle-3 on No. 14 against a bogey, stringing a pair of 33s for a 54-hole haul of 16-under 200 heading to the final 18 holes of the $60,000 championship sponsored by ICTSI. But the runner-up in last week’s Orchard Championship could settle for the second-place spot after completion of play with Tabuena at 17-under with three holes to play and Lascuña at 15-under with two holes left. Continued on A2

PESO exchange rates n US 49.8340

reestablish its stature as a global gateway. Diño, in his recent State of the Freeport Address, set the tone for Subic’s renewed growth agenda, when he stressed that the SBMA “must maximize all the benefits the Subic Bay Freeport can get from regional and national projects development, and position it as a production and distribution hub in the Asean region”. “The challenges in Metro Manila are opportunities for us,”

Diño said, referring to the growing congestion in Manila, as well as worsening traffic problem that is projected to cost the city some P6 billion a day by 2030. “Subic must further develop in answer to the challenges that beset the country,” he added. Toward this goal, Eisma said the SBMA intends to improve Subic’s port facilities; intensify its port-marketing campaign to improve container traffic and ship

Diño: “The challenges in Metro Manila are opportunities for us. Subic must further develop in answer to the challenges that beset the country.”

Continued on A2

2017 ICTSI Manila Southwoods Championship

MIGUEL TABUENA and Tony Lascuña (left photo) line themselves up for a marquee title clash after Friday’s third round. NONOY LACZA

n japan 0.4471 n UK 64.5001 n HK 6.4043 n CHINA 7.23700 n singapore 35.7900 n australia 36.9569 n EU 55.3407 n SAUDI arabia 13.2894

Source: BSP (19 May 2017 )


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