Tuesday, June 19, 2018

SBMA gives revenue shares to LGUs in Central Luzon

Feb 17, 2018 @ 3:48

Subic Bay Metropolitan Authority (SBMA) chair Wilma T. Eisma announced that they shelled out P147 million of revenue shares to eight local government units (LGUs) adjacent to the Subic Bay Freeport.

The beneficiaries include Olongapo City, receiving the highest revenue share of P34.35 million. In Zambales, Subic received 22.46 million; Castillejos, P13.69 million; San Marcelino, P17.66 million; and San Antonio, P12.65 million.

Bataan towns also receive their share. Dinalupihan got P18.32 million; Morong, P12.79 million; and Hermosa, P15.31 million.

According to Eisma, the financial assistance will be used to fund programs on health, education, peace and order, and livelihood. The administrator wants to facilitate the growth of the freeport’s nearby communities as they cope up with the developments inside the Freeport and Special Economic Zone.

“SBMA is continuously working on every possible means to attract more investors to create more jobs and increase the LGU shares,” Eisma said during the turnover at the SBMA head office.

“If we could no longer accept new investors, the LGU shares from SBMA would not improve further, and, worse, could even diminish,” she added.

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