History
Colorful spools of historical accounts are laced together by Subic's
people evidenced by the Freeport's edifices, streets, and parks
among others. The metamorphosis that Subic Bay has undergone for
over two centuries leaves one in great admiration how this former
ammunition depot gradually turned into a world class Freeport.
Flora
The Freeport's protected rich and fertile soil makes it a perfect
host to a variety of ornamental, medicinal, and fruit-bearing
trees and plants. From relatively common shrubs to gigantic trees,
to rare species of the Kingdom Plantae, Subic Bay effortlessly
epitomizes a sanctuary blessed with life that is enhanced by its
inhabitants.
Fauna
That is, in meeting the members of Kingdom Animalia, face-to-face.
Subic Bay is dedicated to cultivating a peaceful co-existence
between human and wildlife; hence, its thematic parklands that
have long rescued, rehabilitated, and orphaned sick or injured
animals. Creatures of the jungle and marine life as well thrive
and adapt to this menagerie that science and man mutually nursed
for them.
People
The Freeport's educated, English-speaking residents and workforce
live harmoniously with their foreign counterparts who come from
different cultural origins. Asian, European, American, and Australian
nationals make up the Subic Bay neighborhood, bridging kinship
with one another. The Freeport community continues to grow as
more and more people are attracted to work and live in the area.
Industry
SBFZ boasts of four core investment areas: Central Business District,
Subic Gateway, Subic Bay Industrial Park, and Subic Techno Park
- that collectively serve as the cornerstones of its progressively
dynamic trade and industry. Manufacturing-related businesses;
electronic communications technology; warehousing and transshipment;
banking; and education are among Subic Bay's commercial ventures
that yield investment and consequently generate jobs.
Backed by the Philippines' liberal foreign investment policies
that offer an auspicious business climate, SBFZ provides a business
haven that offers investors a competitive advantage in the global
market.
SBMA - Administration
The Government of the Philippines tasked a corporate body that
shall develop Subic Bay Freeport into a self-sustaining industrial,
commercial, financial, and investment and academe center. The
Subic Bay Metropolitan Authority, in compliance to the Sec. 13
of the Philippine Republic Act No. 7227, oversees all business
operations around the Zone.
SBMA's powers are exercised by its chairperson and 15 board members
appointed by the President. Among these board members are two
representatives from the national government, five from the private
sector, and eight from local government units. Representatives
from national government and private sectors both serve a six-year
term while LGU representatives are given three years of service
tenure.
