SUBIC BAY FREEPORT—The Subic Bay Metropolitan Authority (SBMA) announced last Thursday it issued revenue shares to neighboring local government units (LGUs) in the amount of P203 million, reflecting growing corporate taxes paid by Subic-registered investors that reached P207.65 million in the first half of this year. SBMA Chairman and Administrator…
This Saturday, August 19, 2023, photo shows Subic Bay Metropolitan Authority Chairman and Administrator Jonathan D. Tan and Hermosa, Bataan Mayor Antonio Joseph R. Inton during the turnover of SBMA’s share to neighboring local government units.
LGU shares are derived from 2 percent of the 5-percent corporate taxes paid by Subic Bay Freeport-registered enterprises in the previous semester and are meant to supplement development projects in health, education, peace and order and livelihood generation of local communities. In the same occasion, Tan briefed LGU officials of the projects his administration intended to deliver in the next few years based on his “Jobs, Development and Tourism,” or “JDT,” program.
The PSA also reported that 29.65 percent of individuals residing in Zambales were poor in 2021, “which translate to 192,610 poor individuals in the province.”
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