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Wednesday, August 15, 2012

SMBA's History

On March 13, 1992, Subic Bay Freeport in anticipation of the pullout of the US naval base facilities. Subic Bay Metropolitan Authority (SBMA) and freeport incentives that was lobbied for by Richard Gordon and inserted as an amendment during the bicameral committee hearings. Pursuant to such, Gordon, then the mayor of Olongapo, became the first SBMA chairman.

Richard Gordon was SBMA chairman until June 1998 when newly elected president, Joseph Estrada,replacing him with a political ally, former Bataan Representative and Harvard-trained Felicito C. Payumo. In 2004, Payumo was replaced by Francisco Licuanan as Chairman and Alfredo C. Antonio as Administrator. In 2006, President Arroyo appointed Commodore Feliciano G. Salonga as Chairman/Head of Agency, and Armand Arreza as CEO of the SBMA. Exports had averaged a billion dollars since 1997, jobs generated reached more than 60,000 which was twice the highest number of jobs available when Subic Bay was still a US naval base. In June 2006, Hanjin Shipping opened over the weekend a P40-million modern training center in the Subic Bay Freeport. Hanjin's facility in Subic covers 349 hectares with total investments of US$1 billion. The project expects to generate at least 15,000 new jobs in Subic.
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Harbor Point Ayala

  In 26th day of April 2012, Harbor Point opened.It was located in Rizal Avenue, Subic bay Freeport Zone Olongapo City, Zambales with 7.5 hectare property and was owned by Ayala Corporation. Harbor Point .redefines shopping, dinning and entertainment.It has 3 major levels for the public to visit. It has different attractions like entertainment where in you can find: 4 digital cinemas, Timezone, different dining areas, and activity center for concerts and other live programs. Natura features include: Promenade, parks facing the water channel, and water features. This can host more than 300 high-end shopping and retail establishment. So come, and let's visit the wonders of Harborpoint.