Newsletter_Jan-Feb 2014 Save PDF

News & Views at the Base
Official Publication of the Bases Conversion and Development Authority
Vol IX. No.1 January-February 2014
AFP gets P1.52 Billion for CY2013
Total disposition proceeds generated for
Metro Manila Camps hits P60.21-B
BCDA bids out two-hectare lot
for SCTEX service area
DPWH, BCDA to construct
permanent toll plaza for
seamless SCTEX-TPLEX
interconnection
Icon:
El Kabayo
Up by P850-M
BCDA collects
P6.022-B in 2013
Happenings
April 5, 2014
BGC Art Tour
Bonifacio Global City
A die-hard for beautiful sights and wonderful
sounds? Join the BGC Art Tour and go around
the entire Bonifacio Global City (BGC) with
street artist Dee Jae Pa’este and experience
Mosaic Making with CraftMNL! Last tour date
is on April 5! So hurry and sign up for this cool
summer activity in BGC. Tour participants
will also have a chance to win a brand new
smartphone while on tour! Simply present
single or accumulated receipts dated from
March 10 - April 5 worth Php 1,500 at the
Bonifacio High Street C1 Concierge to join.
LIMITED SLOTS ONLY! So ready those receipts!
For more details, visit the links below:
http://www.facebook.com/
bonifacioglobalcityph‎
http://www.fbdcorp.com/events
April 5-6, 2014
Asian V8 Championship
Clark International Speedway
Clark Freeport Zone, Pampanga
Now’s the perfect time for the Philippines to get
a spot in international pure motor racing. The
Asian V8 Championship is all set to start a fast
and furious summer on April 5-6, 2014 at the
Clark International Speedway in Clark Freeport
Zone, Pampanga. Asian V8 Championship is a
stock car racing series that is going to astound
racing enthusiasts for four months starting April.
Organized by the Philippine Formula Autosports
Foundation, the racing event will feature both
local and foreign drivers using late model stock
cars that are aimed at pushing the country as the
hub for NASCAR racing in Asia.
For more information on this racing event, visit
http://www.facebook.com/asianV8championship
or http://www.asianv8championship.com
April 26-27, 2014
K-Swiss Subic Bay International Triathlon
Subic Bay Freeport Zone, Zambales
K-Swiss Subic Bay International Triathlon
Championships will surely add up to the heat
of summer from April 26-27, 2014 inside
the Subic Bay Freeport Zone in Zambales as
more than 100 triathletes from Europe and
Asia are expected to compete in the two-day
competition. Filipino triathletes will be tested
when they compete against foreign rivals in
this sports event organized by the Triathlon
Association of the Philippines, supported by the
Philippine Sports Commission and Philippine
Olympic Committee, and sanctioned by Asian
Triathlon Confederation and International
Triathlon Union.
For more event details, go to http://www.
facebook.com/ITUSubit
In this issue
3
News & Views at the Base
Official Publication of the Bases Conversion and Development Authority
Cover Story:
Vol IX. No.1 January-February 2014
AFP gets P1.52 Billion for CY2013
Total disposition proceeds generated for
Metro Manila Camps hits P60.21-B
BCDA bids out two-hectare lot
for SCTEX service area
Up by P850-M
DPWH, BCDA to construct
permanent toll plaza for
seamless SCTEX-TPLEX
interconnection
BCDA collects
P6.022-B in 2013
Icon:
El Kabayo
Up by P850-M
4
BCDA bids out two-hectare
lot for SCTEX service area
5
BCDA puts on bid P111-M
SCTEX heavy maintenance
works project
3,000 sqm Global City lot
up for bidding
6
11
12
DPWH, BCDA to construct
permanent toll plaza for
seamless SCTEX-TPLEX
interconnection
7
BCDA to earn P1.9-B from
development of Taguig lots
8-9
10
BCDA collects
P6.022-B in 2013
AFP gets P1.52 Billion for
CY2013
Total disposition proceeds
generated for Metro Manila
Camps hit P60.21-B
AFP Forum goes to
WESCOM
13
14
15
16
Events:
BCDA joins the
National Day of
Prayer
Events:
John Hay
Management
Corporation Board
takes oath
Events:
Poro Point
Management
Corporation Board
takes oath
BCDA conducts
yearstarter briefing
with the BOI press
corps
SBMA posts new
profit record of P1.2billion
Icon:
El Kabayo
The BCDA Group
is now on Facebook and Twitter!
FACEBOOK: http://www.facebook.com/TheBCDAGroup
TWITTER: http://www.twitter.com/thebcdagroup
News and Views at the Base is a bi-monthly external publication of the
Public Affairs Department of the Bases Conversion and Development Authority.
ROLANDO P. GOSIENGFIAO
Chairman
ARNEL PACIANO D. CASANOVA, Esq.
President and CEO
Editor-in-Chief LEILANI BARLONGAY-MACASAET
Executive Editor MARICAR SAVELLA-VILLAMIL / Managing Editor MICHELLE S. SAN JUAN
Senior Writer ROY VICTOR R. ROSALES / Junior Writer/Layout Artist GARRY A. CATIVO
Photographer AGEM O. ALFAFARAS / Circulation IRAH F. DAVID
Editorial Address: BCDA Corporate Center, 2/F, Bonifacio Technology Center
31st Street, corner 2nd Avenue, Bonifacio Global City, Taguig City Philippines
Tel.: (632) 575-1700 Fax: (632) 816-1113 E-mail: bcda@bcda.gov.ph
Website: http://www.bcda.gov.ph
Cover Story
Up by P850-M
BCDA collects
P6.022-B in 2013
by Roy Victor R. Rosales
BCDA Public Affairs Department
he state-owned Bases Conversion and Development Authority (BCDA) said
it recorded cash inflows of P6.022 billion in 2013 or an P850 million increase
from the P5.172 billion it recorded in 2012 due to its efficient collection efforts
and resolution of problematic accounts.
T
“We are very pleased with the results of our collection
efforts that has translated to the BCDA’s increased cash
inflows which will augur well not only for the BCDA but for
the government as well,” said BCDA President and CEO
Arnel Paciano Casanova.
Casanova noted that the recorded P6.022 billion also
surpassed BCDA’s 2013 collection target of P5.847 billion
by P175 million.
Casanova said the increase in collection was attributed
to the agency’s efficient collection, resolution of problematic
accounts, successful negotiations of lease payments,
successful disposition of properties, and payment of
dividends from subsidiaries.
BCDA collected from
Megaworld Corporation the P873 million minimum annual
secured revenue share for the year 2013 arising from the
JUSMAG disposition in 2010.
He said among the unprogrammed collections include
the successful negotiations of lease payments from the
Manila International Airport Authority (MIAA) on the land
where the NAIA III is currently located which belongs to
the BCDA and the payments made by the DPWH for the
right-of-way of the North Luzon Expressway and the NAIA
Expressway Road.
Pursuant to Republic Act 7227, the BCDA is mandated
to accelerate the conversion into productive economic uses
of the former US military bases in Clark and their extensions
in Camp John Hay and Poro Point.
These conversions are funded through the sale and
disposition of Metro Manila camps, such as Fort Bonifacio
and the Villamor Air Base, while also contributing a
large portion of the proceeds to the Armed Forces of the
Philippines (AFP) Modernization Program.
The Subic-Clark-Tarlac Expressway (SCTEX) is also a
BCDA project that connects the Subic Seaport and Clark
International Airport thereby creating a global gateway
for the efficient movement of people, goods and services
within Central Luzon and neighboring regions, an advantage
valued by the locators in this age of just-in-time production
and delivery.
An upcoming project of the BCDA is the Clark Green City—
practically a new city half the size of Metro Manila to rise in Clark.
The Clark Green City in Clark, Pampanga is BCDA’s upcoming project which comprises of a government center, central business
district, center of excellence, agri-forestry research and development center, and wellness and eco-tourism center, aimed to
generate more jobs and further boost the economy in Central Luzon.
3
Cover Story
BCDA bids out two-hectare
lot for SCTEX service area
he Bases Conversion and Development Authority (BCDA) is offering for a longterm lease a two-hectare lot along the Tarlac portion of the Subic-Clark-Tarlac
Expressway (SCTEX) that will be developed into a service area which is expected
to enhance the convenience of motorists plying the 94-kilometer toll road.
T
BCDA President Arnel Paciano D. Casanova said the
BCDA is inviting interested bidders to bid for the longterm lease and development of the two-hectare portion of
the SCTEX Macangcung Service Area.
“We are looking for a partner to develop the SCTEX
Macangcung Service Area that is seen to benefit the
motorists plying the SCTEX,” Casanova said.
Casanova said the development of the property
involves the establishment, operation and maintenance of
a gasoline station with amenities. He said the amenities
of the service area would include, among others, rest
rooms, sufficient and adequate parking slots, emergency
First Aid station, potable water and lighting system,
emergency vehicle repair shop and convenience stores.
The SCTEX Macangcung Service Area lot is located
in Brgy. Santiago, Concepcion, Tarlac. It is located at
the Clark-bound/north-bound direction of the Clark-Tarlac
segment.
According to Casanova, the lease term of the lot
shall be twenty-five years, renewable for another 25
years.
For her part, BCDA chairperson of the Asset
Disposition Program Committee Nena D. Radoc
said the minimum starting annual fixed lease would
beThree Million Five
Hundred Thousand Pesos
(P3,500,000.00), starting on the fifth year and subject
to a five percent annual escalation. Thus, there will
be a rent-free period from the first to fourth year of the
lease period.
Radoc said that upon contract signing, the
winning bidder shall remit to BCDA a Security Deposit
equivalent to the winning bid and shall post a Surety
Bond with a face value of Seven Million Pesos
(P7,000,000.00).
She said interested bidders have already purchased
the Terms of Reference (TOR) for a non-refundable fee
of Fifty Thousand Pesos
(P50,000.00) payable
to BCDA in manager’s
c h e c k l a s t 2 1
February to 7 March
2014 at the BCDA
Corporate Center,
2nd Floor Bonifacio
Technology Center, 31st
corner 2nd Avenue,
Bonifacio Global City.
The TOR may also be
viewed in the BCDA
website at www.bcda.
gov.ph.
A P r e - B i d
Conference, in which
the property, TOR, and
inquiries from interested
bidders was held last
March 7, 2014, at
the BCDA Corporate
Center. -RVRR
In The News
BCDA PUTS ON 3,000 sqm
BID P111-M
Global City lot
SCTEX HEAVY
up for bidding
MAINTENANCE
WORKS PROJECT
The Bases Conversion and Development Authority
(BCDA is inviting experienced and financially capable
proponents to bid for the lease and development of a
vacant lot in Bonifacio Global City in Taguig.
The BCDA, owner and builder of the SubicClark-Tarlac Expressway (SCTEX), has put on bid
the P111.3-million heavy maintenance works along
the expressway.
“We have invited experienced and financially
capable construction companies to submit bids
for the 2014 Heavy Maintenance Works along the
SCTEX,” BCDA President and CEO Arnel Paciano D.
Casanova said.
Casanova said the heavy maintenance works
is done to ensure that the road condition of the
SCTEX will not deteriorate and at the same time
provide motorists the comfort and convenience of
a smooth travel.
Casanova said the project consists of two
programs of works.
Lot 1 involves asphalt
pavement resurfacing while Lot 2 involves bridge
revetment, slope and drainage repair. The approved
budget for Lot 1 is P98,947,280.45 while Lot 2 is
P12,450,730.97.
Chairperson of the Bids and Awards Committee
(BAC) for SCTEX Project and Infrastructure Atty.
Regina Salve R. Lapuz said that prospective bidders
must have a valid license for applicable category
from the Philippine Contractors Accreditation
Board (PCAB) for General Engineering on Roads,
Highways, Pavements, Railways, Airport Horizontal
Structures and Bridges. The PCAB license must be
valid and effective at the time of submission of the
bid.
Atty. Lapuz informed the interested bidders that the
Bidding Documents may also be viewed at the BCDA
website, www.bcda.gov.ph .
Deadline for submission of bids was on March
17, 2014 at 12:00 pm. -RVRR
“We are inviting interested bidders to submit
bids for the lease and development of the Eastgate
property and play a key role in the development of
the country’s premier and fastest growing Central
Business District,” BCDA President and CEO Arnel
Paciano D. Casanova said.
Casanova said the 3,099-square-meter property
or Eastgate property is located at the Institutional
Area of Bonifacio Global City.
He added that the country’s Armed Forces
will also benefit from the bidding of the lot, as a
significant share of the lease proceeds will go to
the AFP Modernization Fund pursuant to RA 7227
or the Bases Conversion and Development Act of
1992.
Casanova said that the Eastgate property is zoned
for institutional use and should incorporate in its
development a public parking facility.
“Among possible facilities that the property can
be developed into are: art gallery; clinic/polyclinic;
concert hall; government office; library; place of
recreation, sports or culture; school gymnasium;
and school auditorium, just to name a few,” he
said.
For her part, Atty. Nena D. Radoc, Chairperson
of BCDA’s Asset Disposition Program Committee
said that the Eastgate property shall be leased
out for an initial period of fifteen years and
renewable for another ten years upon mutual
agreement.
“The minimum acceptable starting Annual Lease
for the property shall be Ten Million Pesos inclusive of
12 percent VAT, and subject to a five percent annual
escalation,” Radoc said.
She added that the winning bidder is also required
to pay in advance the Annual Lease for the first three
years of the lease. -RVRR
5
In The News
DPWH, BCDA TO CONSTRUCT
PERMANENT TOLL PLAZA
FOR SEAMLESS SCTEX-TPLEX
INTERCONNECTION
he Bases Conversion Development Authority (BCDA), builder and owner of the
Subic-Clark-Tarlac Expressway (SCTEX), will construct a permanent toll plaza
together with the Department of Public Works and Highways (DPWH), that
will pave the way for a much smoother transition for motorists entering the TarlacPangasinan-La Union Expressway (TPLEX) from the SCTEX and vice versa.
T
“The toll plaza will provide a seamless interconnection
between the SCTEX and TPLEX that will result in faster
travel time and convenience to the motorists,” BCDA
President and CEO Arnel Paciano D. Casanova said.
Bingcang noted that two toll lanes will be
reversible allowing additional lanes to address the
queuing of vehicles during unusually high traffic
volume.
He said DPWH Secretary Rogelio Singson has
given the green light to commence at the soonest the
construction of the Tarlac Toll Plaza.
In the meantime, while the Tarlac Toll Plaza has yet
to be constructed by the DPWH, Casanova said plans are
underway to address the queuing of vehicles caused by
the present set up.
Casanova said the construction of the Tarlac Toll Plaza
will cost some P175 million. The BCDA will shoulder the
cost of the toll plaza’s detailed design, traffic management
and installation of the Toll Collection System (TCS)
amounting to P25 million. The DPWH on the other hand
will fund the civil works at a cost of P150 million—the bulk
of which involves the construction of the toll plaza.
“We are exploring the interconnection project with both
the Manila North Tollways Corporation (MNTC) concession
holder of the NLEX and the Private Infrastructure
Development Corporation (PIDC), concession holder of
the TPLEX.
BCDA Project Manager for SCTEX Services Joshua
M. Bingcang said the construction of the permanent toll
plaza will take some six months assuming favorable
construction weather conditions.
Casanova said that in the TPLEX for instance, the
interconnection plan would allow motorists exiting the
SCTEX and entering TPLEX to pay their exit toll fee and at
the same time get their entry ticket at the TPLEX Central
Toll Plaza and vice versa.
According to Bingcang, the new toll plaza will have
seven toll lanes. Of the seven toll lanes. four lanes will
cater to motorists from the SCTEX entering the TPLEX
while the remaining three lanes will cater to motorists
from the TPLEX entering the SCTEX.
“This would considerably reduce toll transaction time
and allow for faster travel time as motorists will only stop
at one toll both to pay their exit toll fee as they exit the
SCTEX and get their entrance toll ticket as they enter the
TPLEX,” Casanova said. -RVRR
6
In The News
BCDA to earn P1.9-B from
development of Taguig lots
he Bases Conversion and Development Authority (BCDA) is set to earn P1.9billion in 25 years for the long-term lease of the 5.2-hectare Pamayanang Diego
Silang (PDS) commercial lots located near the C-5 road in Taguig City. The
consortium of R-II Builders, Inc. and MGS Construction, Inc. won the bid last year for
the development of the properties. In photo: BCDA President and CEO Arnel Paciano
D. Casanova (seated in the middle) inks the contract with the winning bidders: (seated
from left) from R-II Builders, Inc., Mr. Jerome Canlas, Executive Vice President and Mr.
Victor Songco, President; and from MGS Construction, Inc., Mr. Marcelino Mendoza,
President and CEO and Ms. Rowena Reclosado, Senior Vice President for Special
Projects. Also in photo are (standing from left): from BCDA, Director Elmar Gomez;
Arrey Perez, Head of Business Development Department; and, Director Vice Admiral
Ferdinand Golez (Ret). The deal is the first contract signed by BCDA for 2014.
T
7
In the News
AFP gets P1.52 Bil
Total disposition proc
Metro Manila Cam
he Bases Conversion Development
Authority (BCDA) has generated
P60.21 billion in disposition
proceeds for the period May 1993 to
end-December 2013 or a P3.5 billion
increase from the P56.70 billion endDecember 2012 from the disposition of
former Metro Manila camps the biggest
of which are Fort Bonifacio and Villamor
Airbase.
T
Of the generated P60.21 billion in disposition
proceeds for the past 20 years, the AFP got the
lion’s share at P25.36 billion. The amount comprises
P13.98 billion remittances for the AFP Modernization
Program and P11.38 billion spent for the military
replication facilities. An additional P1.52 billion is
set to be remitted to the National Treasury for the
AFP modernization program on GOCC Day for CY
2013.
“The additional P1.52 billion generated for the
AFP will be remitted to the National Treasury soon.
Once remitted, the AFP can draw this amount from
the National Treasury to fund its modernization
program,” BCDA President Arnel Paciano D.
Casanova said.
Casanova noted that the BCDA is ever mindful
of the critical funding requirements for the AFP
Modernization Program. “Rest assured, the BCDA
will always work for the interest of the Filipino
soldier in delivering the much needed funds to
ensure and sustain a strong and well-equipped
armed forces,” he said.
Casanova said that of the generated P60.21 billion
in disposition proceeds for the period May 1993 to
December 2013, BCDA’s share amounted to P12.52
billion while the share of the 14 government beneficiary
agencies under A.O. 236 was at P7.36 billion. The
remaining amount represents payments for taxes and
fees related to disposition, replication of non-military
facilities, share of the contiguous municipalities and
direct expenses consisting of relocation of informal
8
occupants, construction of site development projects,
and administrative expenses.
He pointed out that the shares of the AFP and the
14 government beneficiaries were directly remitted
to the National Treasury. In turn, the Department
of Budget and Management (DBM) is responsible
for programming and releasing the appropriation to
the AFP to finance their modernization program.
the
The 14 g o v e r n m e n t b e n e f i c i a r i e s i n c l u d e
1) National Housing Authority, National
Billion for CY2013
roceeds generated for
amps hit P60.21-B
Home Mortgage Finance Corporation and
Home Insurance and Guarantee Corporation;
2) Philippine Health Insurance Corporation;
3) Department of Public Works and Highways
and the Department of Transportation and
Communications; 4) Philippine Veterans Affairs
Office; 5) Commission on Higher Education; 6)
Department of Science and Technology;
7)
Office of the Secretary, Department of Justice
and the Ombudsman; 8) Mount Pinatubo
Assistance, Rehabilitation and Development
Fund; 9) Bureau of Investigation, Bureau of
Corrections, Philippine National Police and the
Bureau of Jail Management and Penology; 10)
Supreme Court of the Philippines and Lower
Courts, Sandiganbayan, Court of Appeals
and Court of Tax Appeals; 11) Department of
Education, Culture and Sports, Department
of Social Welfare and Development; 12)
Department of Labor and Employment; 12)
Department of Social Welfare and Development;
13) Mount Pinatubo Assistance, Rehabilitation
a n d D e v e l o p m e n t ; 1 4 ) P h i l i p p i n e E c o n o m ic
Zone Authority.
9
In The News
AFP Forum goes to WESCOM
The Bases Conversion and Development Authority (BCDA), through the Public Affairs Department (PAD), rolled out the
Armed Forces of the Philippines (AFP) stakeholders forum as part of the Stakeholders Satisfaction Program in 2012 with a
series of fora conducted in Luzon, Visayas and Mindanao among AFP Public Information Officers (PIOs). The Stakeholders
Satisfaction Program, or now known as the Stakeholders Information, Education, and Communication (IEC) Program, is
being conducted to create a better perspective and appreciation of BCDA amongst the members of the AFP and to educate
them on the agency’s role in the AFP Modernization Program. Through the help of AFP Philippine Army Civil Military
Operations Group (CMOG) headed by Col. Arnulfo Marcelo Burgos, Jr., who is the former AFP spokesperson and former
head of the AFP Public Information Officer (AFP PIO), the BCDA conducted its annual AFP Forum at the Head quarters of
the Western Command at Camp Artemio Ricarte in Puerto Princesa, Palawan last January 30-31, 2014. The activity was
attended by more than sixty (60) active soldiers, BCDA Chairman Rolando Gosiengfiao and Board Members Eduardo De
Mesa, Elmar Gomez, and Serafin Salvador, BCDA President and CEO Atty. Arnel Paciano Casanova, BCDA Executive
Vice President Aileen Anunciacion Zosa, representatives from BCDA Budget and Monitoring Department Hedda Rulona and
Land and Assets Development Department Richard Cepe, as well as the Public Affairs Department Leilani Macasaet and
Michelle San Juan and officers from CMOG Col. Arnulfo Marcelo Burgos, Jr., Lt. Gemira Dy and Lt. Emily Suemith. -MSS
10
In The News
Events
BCDA joins the National Day of Prayer
Last January 20, 2014, the whole country took a halt from its daily grind to join the National Day of Prayer. President
Benigno Aquino III together with other religious leaders, led the nation in prayer with the theme “One Nation in
Prayer (Isang Bansa, Isang Panalangin).” BCDA joined the said activity through the leadership of President and
CEO Atty. Arnel Paciano Casanova. The spiritual activity started at 5:00 p.m. and lasted for 30 to 45 minutes,
broadcasted live by TV and radio stations across the country. -Michelle San Juan, BCDA Public Affairs Department
11
In the News
Events
John Hay Management
Corporation Board takes oath
Bases Conversion and Development Authority (BCDA) President and CEO Atty. Arnel Paciano Casanova (right)
administers the oath of office to the Board of Directors of the John Hay Management Corporation (JHMC). Photo
shows (from left): Atty. Reynaldo U. Agranzamendez; Mr. Antonio H. Tengco; Atty. Alexander H. Bangsoy; Ms.
Catherine Mary R. Biazon; Dr. Jamie Eloise M. Agbayani, President and CEO; Mr. Silvestre C. Afable Jr., Chairman;
Ms. Gloria F. Peralta; Mr. Emerito P. Manalo; Atty. Cesar G. Oracion; and Atty. Teddy Esteban F. Rigoroso. The
JHMC is the management arm of the BCDA at the John Hay Special Economic Zone (JHSEZ) and the John Hay
Reservation Area (JHRA). JHMC is a member of the BCDA Group.
12
In the News
Events
Poro Point Management
Corporation Board takes oath
Bases Conversion and Development Authority (BCDA) Chairman Rolando Gosiengfiao (right) administers the oath of
office to the Board of Directors of the Poro Point Management Corporation (PPMC). Bottom photo shows (from left):
Dir. Mitchel I. Verzosa; Dir. Louis Funay-ay Claver, Jr.; Dir. Nicolas R. Tabora; Dir. Vladimir S. Rodriguez; Dir. Elmer
NA. Cadano; Dir. Jorge L. Banal; Dir. Celia V. Guzman; President and CEO Florante S. Gerdan; and, Chairman Ives
Q. Nisce. The PPMC is the management arm of the BCDA at the Poro Point Freeport Zone (PPFZ) in La Union—
home to Thunderbird Resorts, the San Fernando Airport, the San Fernando International Seaport and Leading Edge
International Aviation Academy, among others. PPMC is a member of the BCDA Group.
13
In the News
Events
BCDA conducts yearstarter
briefing with BOI press corps
Bases Conversion and Development Authority (BCDA) Public Affairs Department (PAD) conducted a briefing for
the Board of Investments (BOI) press corps last January 8, 2014 at the Lorezon’s Way in BHS Central, Bonifacio
Global City. BCDA President and CEO Atty. Arnel Paciano Casanova presented to the BOI press BCDA’s
accomplishments for the year 2013 as well as its upcoming programs and projects for 2014. -MSS
14
Freeport/Ecozones
SBMA posts new profit
record of P1.2-billion
by SBMA Public Affairs Department
S
UBIC BAY FREEPORT - The Subic Bay Metropolitan Authority (SBMA)
has shattered its 2012 net profit record of P824 million when based on
preliminary reports, it posted last year a net profit of P1.2 billion, the
agency’s highest in its entire 21-year history. SBMA 2013 gross revenues of
P2.09 billion and EBITDA of P992 million likewise posted the highest levels in
the Agency’s history.
Comparatively, the gross revenue of P2.1 billion
that the agency generated in 2013 was 26.6 percent
higher than the gross revenue of P1.6 billion in
2012. The growth in revenue came mainly from
Seaport operations of P588 million an increase of
46% over 2013 and Regulatory operations of PP404
million which increased by a hefty 82% over the
previous year.
While net income was buoyed by favorable
exchange rates, Chairman Roberto Garcia noted
that SBMA’s earnings before interest, taxes,
depreciation, and amortization (EBITDA) increased
significantly by 52.2 percent from P652 million in
2012 to P992 million in 2013. This is the true test of
the Agency’s effective strategic initiatives and the
efficiency in the execution of such initiatives.
“This has made 2013 another banner year in
succession for SBMA, and we are pleased to report
that our financial performance continues to improve
substantially while investments also significantly
exceeded the 2012 level,” Garcia said. Approved
investments in 2012 of P3 billion spurted to P24.7
billion in 2013 or an increase of 723%. This will
provide over 10,000 jobs over the next few years as
these projects get implemented.
Through the continuing austerity program
and effective cost control measures, the Agency
was also able to minimize the rise in operating
expenses to 10%, thereby increasing its net income
substantially.
To cap off 2013, SBMA was able to secure
final approval of its US$27 million loan refinancing
package. Garcia said that this will strengthen SBMA’s
balance sheet and will allow the Agency to invest in
much needed capital expenditures to improve security
and vital Freeport infrastructure. To this end, SBMA
has programmed P617 million in capital spending for
2014.
15
El Kabayo
El Kabayo inside Clark Freeport Zone, Pampanga
is a replica facility of an old western town inspired
by old American cowboy flicks aired during the
‘40s and ‘50s era. Rekindle the memories of John
Wayne and Clint Eastwood in their glory days of
Tinsel town when you visit El Kabayo.
El Kabayo comprises of mock-up recreations of
an old-west general store, saloon, restaurant,
post office, trading post, hotel, telegraph office,
bank, drugstore and most of all, the county jail and
sheriff’s office.
Visitors may also visit the stables that house
quality horses such as thoroughbreds, quarter
horses, standard bred and others Everybody will
enjoy riding in real horses while traversing the
green, lush trails inside Clark.
source: http://www.elkabayo.com