The first-quarter foreign investment commitments with the BOI and Peza rose 255.2 percent and 9.6 percent, respectively, while Afab
, CDC, Ceza and SBMA posted year-on-year declines.
The proposed construction of an international trans-shipment port in the country's fastest growing ecozone, AFAB
, is the best alternative seaport for export of finished products to international market and importation of raw materials.
SMC's proposed greenfield industrial estate would expand Afab
's regulatory coverage to about 7,500 hectares from the previous 7,000 hectares.
Last year, the agency approved P6.2 billion worth of pledges from 28 companies, generated a total of $526.6 million in exports from locators, and created more than 5,700 new jobs, Afab
chair and administrator Deogracias G.P.
Speaking during the AFAB
Stakeholders and Locators Night at Camaya Coast, Garcia said: "We still have many challenges to face and I want to assure you (locators and the AFAB
) that the province of Bataan will continue to work on solutions so that we can overcome any problems that we will encounter."
This project reaffirms our commitment to innovation and sustainable development in the FAB," AFAB
Chairman Deogracias Custodio said.
In the third quarter, Afab
approved P155.6 million in foreign investments (up 43.1 percent yearonyear); BOI, P1.93 billion (down 50.2 percent); BOIARMM, P228 million; CDC, P579.9 million (up 263.2 percent); Ceza, P82 million (up 78 percent); Peza, P15.21 billion (down 46.3 percent), and SBMA, P124.5 million (down 67.2 percent).
The project of GICC is one of those that were approved this year by the Afab
, which recently authorized the company to regulate and issue licenses to international gaming operators to operate their gaming businesses.
is a government owned and controlled corporation that was created by virtue of Republic Act 9728 or the "FAB Act of 2009." The Freeport Area of Bataan (FAB) is located in Mariveles, Bataan and it is strategically located between the Manila Bay and the South China Sea.
(CDC), Philippine Economic Zone Authority (Peza) and Subic Bay Metropolitan Authority (SBMA), as well as the Authority of the Freeport Area of Bataan (Afab
), BOI-Autonomous Region in Muslim Mindanao (BOI-ARMM) and Cagayan Economic Zone Authority (Ceza).