Subic Bay Freeport – 30 freeport locators were recognized during the annual Subic Bay Metropolitan Authority (SBMA) Mabuhay Business Awards 2024 held at the Subic Bay Exhibition and Convention Center (SBECC) on December 13, 2024.
SBMA Chairman and Administrator Eduardo Jose L. Aliño explained that the 30 awardees were recognized, out of the 1,909 locators, for its exceptional contribution to the business growth of the Subic Bay Freeport Zone this year.
Aliño added that the SBMA Mabuhay Awards embodies the agency’s commitment to recognizing the outstanding contributions of these locators who have significantly impacted the domestic economy; hence, “Mabuhay.” It symbolizes life, enthusiasm and positivity.
Senior Deputy Administrator for Business and Investment Renato W. Lee III said that these 1,909 companies not only contributed to the business growth of the Subic Bay Freeport, but also provided employment to 162,891 workers.
“Aggregate investments amounting to P577.99-billion as of third quarter of 2024 accrued to the SBMA and the Total Operating Revenue generated from 1992-2023 has amounted to P64.36-billion. In the first half of 2024, the SBMA released a total of P204.7-million Net Revenue Shares, higher than last year’s same period,” he said.
“This is why the SBMA holds the Mabuhay Business Awards, to recognize our top performing locators. This year, after a rigorous deliberation, the SBMA has determined the 30 top performing Subic Bay Freeport locators,” he said.
For the Micro Small and Medium Enterprise (MSME) of the Year Award, the awardees were the MJY 88 Medical Clinic, La Banca Travel and Tours Corp., and the Grand Food Venue Corp. that owns Xtremely Xpresso, Subic Ben’s Kitchen and Iron Grill Asian Fusion.
For the New Business of the Year, the recipients were Skarya Builders Inc., Maritime Expert General Services Corporation, Bistro Italiano Corp., Good Manufacturing Leathers Inc., Intelligent Outsourcing Inc., MSK Group Work Incorporated, Strategic Channel for Career Development Corporation, Swire Agrotech Agricultural Products Inc., Pure Petroleum Corporation, Sands of Triboa Resorts and Spa Inc., Subic Bay Yacht Club., Norden Subic Entrepreneurs Inc., and Grainpro Philippines Inc.
For the Top Importer of the Year, the award was given to Raizen Asia PTE. LTD., while the Top Exporter of the Year went to the Sanyo Denki Philippines Inc.
For the Eco-Innovation Award, the SBMA hailed the Subic Smart Community Corporation.
Subic Bay Town Center, Inc. bagged the Health and Wellness Business of the Year award.
For the Corporate Social Responsibility Award, the SBMA hailed the Philippine Coastal Storage and Pipeline Corporation.
For Business Developer of the Year, the awardees were Aolly Home Inc., and Sachi Subic Inc.
For the Loyalty Business Award, the accolades were Idess Interactive Technologies Inc., Subic Bay Multi-Purpose Cooperative, MOF Company Subic Inc., Royal Duty Free Shops Inc., and Mikuni Terminals Mechatronics Philippines Corporation.
For the Excellence in Occupational Health and Safety Practices, the top performer was Tong Lung Philippines Metal Industry Co. Inc.
Meanwhile, a Special Award was given to the Subic Bay Freeport Chamber of Commerce Inc.
Lee said, “Our awardees do not only have remarkable profiles in terms of their economic growth contributions but they also have shown exemplary and notable accomplishments in delivering quality service, and have gone the extra mile to contribute to the sustainable development of the Subic Bay Freeport Zone and its neighboring communities.”
He added, “As the SBMA continues to thrive in our mission to maintain investor confidence and to empower our people and communities through shared stewardship and good governance, the agency will not falter in acknowledging our locators’ contributions and accomplishments. And this is one of our ways to show you how important you are to us, the Mabuhay Awards.”
