SBITC welcomes more logistics firms investing in Subic

Subic Bay International Terminal Corp. (SBITC) said it welcomes the growing influx of shipping companies availing of the waived accreditation fee to open their businesses in the Subic Bay Freeport Zone. The recent waiver of the $200 accreditation fee for the first new 80 business entrants and the first 20 accredited entities is expected to attract even more logistics firms to consider the Subic Freeport Area as the best alternative to the already congested ports in Manila.

Atty. Wilma Eisma, chairperson of the Subic Bay Metropolitan Authority, said that the free accreditation is aimed to increase awareness of the world-class facilities available in Subic Bay container terminals. Eisma invited various firms to benefit from the waived accreditation fee and invest in the Subic Freeport as replacement solution to the ports of Metro Manila.

“Clearly, Atty. Eisma is on the right track in promoting Subic Bay as the port that works for everyone. SBMA gives opportunity for business access to logistics all over the country. ” says Roberto R. Locsin, SBITC general manager.

With this new development, SBITC expressed its confidence that Subic will continue to position itself as one of the most competitive logistics centers in Southeast Asia. The waiver is part of the ten-point agenda of Atty. Eisma to innovate Subic as a flourishing trading hub in the region by attracting new firms to invest in Subic primarily due to lesser costs.

“This waiver is a hard to ignore opportunity for the private sector to invest in Subic port,” says Locsin.

Just recently, the Subic Bay Freeport Zone was recognized by the London-based International Finance Management as the “Fastest Growing Free Trade Zone” in Asia. Said award recognizes Subic Bay as one of the most potent port and logistics hub in Asia with the highest standard of excellence and performance.

SBITC, an ICTSI company, is a leader in global port management due to its fast, reliable, and cost-efficient system implemented to its ports in the Subic Freeport Area. The company manages the New Container Compound Terminals 1 and 2 as part of SBMA’s port development master plan to make Subic the premier trading hub in Southeast Asia.