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Total new investments processed in 2018 increased by 1,078% from 2017 projects
Jun 10, 2019
Total investment projects processed and approved by the Subic Bay Metropolitan Authority (SBMA) in 2018 increased by 1,078% to Php 29.89 Billion, from Php 2.54 Billion in the previous year.
Investment projects from new locators accounted for Php 4.91 Billion, which rose 239% from Php 1.45 Billion a year earlier. At the same period, investment projects due to expansion projects of existing locators increased to Php 24.98 Billion from Php 1.09 Billion in 2017.
The Php 29.89 Billion in committed investments processed for year 2018 is the highest of the agency for the last seven (7) years.
Reference: Investment Statistics 2017-2018
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