Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Trade   >>  Subic Bay Freeport exports peak
NEWS UPDATES 4  August  2010

Subic Bay Freeport exports peak

Related Stories

August 2, 2010
Philippines trade deals with the U.S. and South Koreas

July 14, 2010
Philippine Exports rebound to pre-crisis level

June 29, 2010
Philippine adopts global standard

April 21, 2010
WTO to help settle US-Philippines liquor dispute

April 11, 2010
Philippines blocks US attempt to push WTO for liquor dispute decision

Subic Bay Freeprt’s total export earnings reachedan all-time record high at US$713.15 million. Korean shipbuilding Hanjin Heavy Industries Co.-Philippines (HHIC-Phil) and Taiwanese computer-maker Wistron Infocom led the free port in export production during the first semester. The Subic Bay Metropolitan Authority (SBMA) in a statement Monday said that export production in the free port indicated an increase of $180.26, or 33.83 percent as compared to the $532.89 million generated in the same period last year.

Hanjin was the biggest contributor with $372.74, Wistron Infocom posted $66.71 million, while Japanese wood products manufacturer Juken Sangyo placed third with $24.86 million.

Also in the top 10 list were Taiwanese lock maker Tong Lung (Philippines) Metal Industry with $23.7 million; Japanese electronics sensor maker Nicera, with $14.42 million; newcomer Taiwanese firm Tapu Corp., which manufactures metal products, with $10.9 million; Japanese aircon maker Hitachi, $9.51 million; and another Taiwanese newcomer Cano Subic Corp., also a metal-products manufacturer, with $8.28 million.

The SBMA figures also indicated that the biggest export values were recorded in the first quarter of the year, with $230 million in February, $181 million in January and $119 million in March. Meanwhile, the second quarter yielded $67 million in June, $60 million in April and $55 million in May.

On the other hand, import value from January to June this year stood at $1.64 billion, up by $539.53 million, or 48.88 percent from last year’s $1.1 billion.

“Hanjin, for one, is expected to rally its production in the coming months. After delivering container ships like the APL Bahrain, Leyla K, and Eser K in the first semester, Hanjin is set to fabricate some 36 vessels more, with delivery sche-dules within the next two years,” Armand Arreza, SBMA adminis-trator and chief executive officer pointed out.

“So we’re expecting Hanjin to remain as the Subic freeport’s top exporter for the next few years, and also fuel the growth of Subic’s maritime industry.” Arreza added.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand