Investment surge fuels 2.3% job hike in SBMA amid Covid | Henry Empeño

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SUBIC BAY FREEPORT—New investments and expansion projects in the services and manufacturing sectors here fueled a sturdy 2.31 percent increase in job generation last year, bringing the total number of work force in this Freeport to 142,177 by the yearend.

Subic Bay Metropolitan Authority Chairman and Administrator Wilma T. Eisma said that despite some business difficulties brought about by the continuing Covid-19 pandemic, “Subic has been coping very well, and was finding new opportunities for businesses to survive and even prosper.”

She said that as of now, the 3,190 Subic-registered companies in the services sector employ a total of 102,540 workers, while 93 manufacturing firms hire a total of 21,529. Eisma also pointed out that except for a .32 percent decrease in workforce count in 2009, the Subic Freeport has been enjoying a continuous growth in jobs since 1999 when the total number of workers stood at 19,969.

“This was because job generation has been the top priority in Subic, as this was the reason for its being—to provide jobs, especially to those who lost theirs when the Subic Naval Base closed in 1992,” Eisma explained. “And we’re proud that since then, Subic has been able to fulfill its mandate.”

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