SBMA chairman bares gains in 1st qtr

The Subic Bay Metropolitan Authority (SBMA) has bagged its single biggest foreign direct investment (FDI) in recent years, scored a record six revenue increases this year, and doubled its fuel-storage capacity 24 years after the Americans left the former naval base.

SBMA Chairman Martin Diño disclosed the free port’s gains in first quarter, as he debunked reports of inefficiency and an alleged leadership row, hitting back at his detractors for opposing his “uncompromising crusade against corruption, smuggling and abuses of some free port officials victimizing business locators.”