Subic Bay Metropolitan Authority

Subic Bay Metropolitan Authority
Kalakhang Pangasiwaan sa Look ng Subic
SBMA Official Logo (standard)
Official Logo
Bldg 229.jpg
Building 229 (Administration Building)
Agency overview
FormedNovember 24, 1992
JurisdictionThe Whole Area of Subic Bay Freeport Zone (Formerly, Subic Naval Base), partial area of Redondo Peninsula (including, Subic Hanjin Shipyard), and the coastal boundary of Subic Bay
HeadquartersBldg. 229, Waterfront Road, Central Business District, Subic Bay Freeport Zone, Olongapo City
14°49′02″N 120°16′50″E / 14.81731°N 120.28068°E / 14.81731; 120.28068Coordinates: 14°49′02″N 120°16′50″E / 14.81731°N 120.28068°E / 14.81731; 120.28068
Agency executive
Parent agencyOffice of the President of the Philippines
WebsiteSubic Bay Metropolitan Authority Official Website

The Subic Bay Metropolitan Authority (abbreviated as "SBMA", Filipino: Pangasiwaang Panlungsod ng Look ng Subic ) is a governmental agency of the Philippines. Sometimes abbreviated as SBMA, the agency has played a significant part in the development of the Subic Bay Freeport and the Special Economic Zone into a self-sustainable area that promotes the industrial, commercial, investment, and financial areas of trade in the zone as well as in the country of the Philippines itself.

The area of jurisdiction of SBMA includes the erstwhile U.S. Naval Base Subic Bay, parts of Redondo peninsula where the Subic Hanjin shipyard is located, and erstwhile US defence accommodations in the hills consisting of Binictican and Kalayan housing areas.

The SBMA is currently headed by former Pandan, Antique Mayor Jonathan Tan as of April 28, 2023. His predecessor as Chairman and Administrator from 2022 to 2023 was former City Mayor of Olongapo Rolen Paulino.

History

On March 13, 1992, the Philippine Congress passed Republic Act 7227, known as the Bases Conversion and Development Act of 1992, in anticipation of the pullout of the US military bases in the country. Section 13 of Republic Act No. 7227 created the Subic Bay Metropolitan Authority (SBMA) to develop and manage the Freeport which provides tax and duty-free privileges and incentives to business locators in the special economic zone.[citation needed]

Richard Gordon, then the mayor of the City of Olongapo, became the first SBMA chairman.

Mayor Gordon with 8,000 volunteers took over the facility to preserve and protect US$8 billion worth of property and facilities when the last U.S. Navy helicopter carrier USS Belleau Wood sailed out of Subic Bay on November 24, 1992. They started the conversion of the military base into a freeport like Hong Kong and Singapore.[citation needed]

On its fourth anniversary on November 24, 1996, Subic Bay hosted the leaders of 18 economies during the Fourth Asia- Pacific Economic Cooperation (APEC) Leaders' Summit. By that time, the emerging investment haven had already successfully attracted companies such as Federal Express, Enron, Coastal Petroleum (now part of Kinder Morgan), Taiwan computer giant Acer and France telecoms company Thomson SA to establish operations in the freeport.

Subic Bay Historical Center

The Authority opened a history center. It has an exhibit about hell ships, and other recoveries in Subic Bay's maritime history.

List of SBMA Chairman and Administrators

Name Term Position
Richard J. Gordon 1992–1998 Chairman and Administrator
Felicito C. Payumo 1998–2004 Chairman and Administrator
Francisco H. Licuanan 2004–2006 Chairman/ Head of SBMA
Alfredo C. Antonio Administrator/ Chief Executive Officer
Feliciano G. Salonga 2006–2011 Chairman/ Head of SBMA
Armand C. Arreza Administrator/ Chief Executive Officer
Roberto V. Garcia 2011–2016 Chairman and Administrator
Martin B. Diño 2016–September 2017 Chairman/ Head of SBMA
Randy Escolango October 2016–January 2017 OIC Administrator/ Chief Executive Officer
Wilma T. Eisma January 2017–March 2022 Chairman and Administrator
Rolen C. Paulino Sr. March 2022–April 2023 Chairman and Administrator
Jonathan D. Tan April 2023–present Chairman and Administrator

This page was last updated at 2023-05-15 07:58 UTC. Update now. View original page.

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