Things are moving up
Editorial

Things are moving up

Feb 12, 2024, 5:59 AM
OpinYon Editorial

OpinYon Editorial

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Two bright news from the Subic Freeport and the Clark sub-region are indicative that things are moving up in the area of economic growth in the larger Central Luzon region. #OpinYonSubic #Editorial #ThingsAreMovingUp #SubicFreeport #Clark

Last week, officials from the International Network of Affiliated Ports (INAP) and Port of Kochi officials led by Chief Takanori Asai paid a courtesy visit to Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño.

They talked about Subic Freeport’s hosting of the INAP General Assembly and Symposium 2024 this coming October.

The roster of INAP members is quite impressive —the Port of Colombo in Sri Lanka, (is this the controversial Hambantota International Port?), Port of Dangjin and Mokpo New Port in South Korea, Port of Kochi in Japan, Port of Qingdao in China, Port of Tanjung Perak in Indonesia, Port of Chittagong in Bangladesh, and Port of Subic Bay, Port of Cebu, and Port of Davao (Philippine Ports Authority) in the Philippines.

Aliño disclosed that the SBMA and INAP are planning to adopt as assembly topics the environmental maritime protection and disaster preparedness.

We note that it has been 10 years since the SBMA hosted the INAP General Assembly and Symposium, and the delegates will surely appreciate seeing the new facilities and developments in the Port of Subic.

Over at the Clark Freeport, the news is that Yokohama Rubber Co., Ltd. (YRC) is set to invest a substantial 3.5 billion pesos (about ¥8.4 billion) in its Clark-based tire plant, Yokohama Tire Philippines, Inc. (YTPl). The firm will ramp up daily tire output to 32,500, adding 1,800 tires per day.

Clark Development Corporation (CDC) President and CEO Atty. Agnes VST Devanadera, expressed optimism for the venture, underscoring Clark's reputation as a preferred investment destination.

"CDC remains steadfast in its commitment to ease of doing business conducive to growth and innovation. Our collective efforts have solidified Clark's standing as a premier investment destination. Moreover, we welcome YTPI's decision to expand within our vibrant Freeport," Devanadera said.

These developments bode well for the people of Central Luzon, especially its working force because more jobs will be opened.

#OpinYonSubic #Editorial #ThingsAreMovingUp #SubicFreeport #Clark #INAP #SBMA #EduardoAliño #OpinYon #WeTakeAStand


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