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SBMA releases P203M revenue shares to neighboring towns, city

/ 05:55 PM August 20, 2019

Lawyer Wilma Eisma (center), head of the Subic Bay Metropolitan Authority (SBMA), meets with the mayors of communities that are adjacent to the Subic Bay Freeport to distribute their share from the revenues of the economic zone. (Photo from SBMA)

SUBIC BAY FREEPORT –– The neighboring towns and cities of the Subic Bay Metropolitan Authority (SBMA) on Monday received a total of P203.14 million revenue shares from the agency for the first half of 2019.

SBMA Chair and Administrator Wilma Eisma released the individual checks for the seven municipalities and a city adjacent to this economic zone during a meeting with the mayors.

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The biggest shares went to Olongapo City with P47.24 million, followed by Subic with P31.05 million; San Marcelino, P26.34 million; Dinalupihan, P25.26 million; Hermosa, P21.15 million; Castillejos, P19.01 million; Morong, P17.65 million; and San Antonio, P17.41 million.

Records show that the SBMA had already given P2.07 billion to these LGUs since February 2011.

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For their part, the mayors gave an assurance that the funds would be spent to further develop their respective communities.

Olongapo City Mayor Rolen Paulino Jr. said the city’s share would be used for development projects while Subic Mayor Jonathan Khonghun said their share would be spent for scholarship grants to deserving residents of the municipality./lzb

Photo attached.

Lawyer Wilma Eisma (center), head of the Subic Bay Metropolitan Authority (SBMA), meets with the mayors of communities that are adjacent to the Subic Bay Freeport to distribute their share from the revenues of the economic zone. (Photo from SBMA)

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TAGS: local government, Local news, revenue shares, SBMA, Subic Bay Metropolitan Authority
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