FedEx in Subic Bay lease deal

Federal Express Corp and the Subic Bay Metropolitan Authority (SBMA) have signed a contract to extend the lease of FedEx's Asia-Pacific hub at Subic Bay Freeport Zone until 2007.

Friday, 10 September, 1999, 12:00am

Subic exports reach US$349m

Exports from the Subic Bay Free Port Zone reached US$348.98 million in the eight months to August. Investment at Subic reached $1.98 billion between 1993 and August 1997.

15 Sep 1997 - 12:00am

Seven bid for Subic Bay

Seven port handlers have qualified to bid for a 25-year contract to upgrade and operate a cargo terminal at Subic Bay Freeport, according to the Philippine Daily Inquirer.

The seven are International Container Terminal Services, Asian Terminals, P&O Australia Port, Peony Investment, Royal Port Services, Hutchison Ports Philippines and International Transport Services.

22 May 1996 - 12:00am

Tribe flees irate god

ABORIGINAL tribe the Aetas, which thinks Mount Pinatubo is its god, has come to Manila looking for free Christmas handouts because members believe the mountain is too angry to let them return to their ancestral homeland.

21 Dec 1995 - 12:00am

US may get use of naval bases

THE US Navy will be allowed to make limited use of Philippine naval bases under an agreement the two sides are almost ready to sign.

20 Jun 1995 - 12:00am

Advice given on airport

THE Hong Kong office of British consultant Sir William and Halcrow Partners is advising on a US$25 million scheme to convert the former military airfield at Subic Bay naval base in the Philippines into a commercial airport.

14 Apr 1994 - 12:00am

Manila touted as Fedex hub

COURIER Federal Express will decide by the middle of next month which two cities are to become its regional hubs.

Joseph McCarty, senior vice-president for Asia-Pacific and the Middle East, said Manila had emerged as first choice for the main hub, with former US naval base Subic Bay a close second.

21 Oct 1993 - 12:00am

Subic linked to Taiwan

PHILIPPINE Airlines plans to launch regular flight service from Taiwan to the former United States naval base in Subic Bay in July.

PAL spokesman Jonathan Gesmundo said the airline would fly three times weekly from Kaohsiung, Taiwan, to Subic and then to Manila.

29 May 1993 - 12:00am

Blackout threat to profits of businesses

FIRST quarter results of most leading businesses in the Philippines are expected to be disappointing as worsening power shortages continue to plague industry.

Power shortages have intensified in the second quarter due to the low efficiency of hydroelectric plants and repeated breakdowns of other facilities.

10 May 1993 - 12:00am

Subic backed by Taipei loan

A TAIWAN government development fund gave initial approval for a US$20 million low-cost loan to the Philippines to help convert the former US naval base at Subic Bay into an industrial park, a senior official said.

19 Feb 1993 - 12:00am