Thursday, October 22, 2020

SBMA collects nearly P149M from company-debtors

Apr 25, 2018 @ 15:25
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The Subic Bay Metropolitan Authority (SBMA) has collected almost P149 million from companies inside the freeport zone who have stale debts and past-due accounts.

Citing figures from SBMA Finance Group, SBMA Chairman and Administrator Wilma T. Eisma said that the agency generated a total of P148.6 million from rentals, sublease shares, common use service area (CUSA) fees and other accounts receivable in the last 15 months since the Duterte administration instituted an aggressive collection program.

The collection included long-time debt payments by Freeport-registered companies in the amount of P101.9 million and $593,118, and housing payments of P6.5 million and $172,922, she said.

Some of these debts have been incurred as early as year 2000, but have remained unsettled in the past 17 years, she added.

“This is proof that just by consistently applying existing laws and policies and actively engaging our stakeholders in Subic—listening to them and figuring out mutually-acceptable solutions, we can accomplish much,” Eisma said. #

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