Subic power firm signs P750-M lease extension

By HENRY EMPEÑO SUBIC BAY FREEPORT — One Subic Power Generation Corp., a fully-owned subsidiary of PHINMA Energy Corp., has signed a 10-year lease extension agreement for the operation of the diesel-power plant here, a contract which will yield P750 million in lease and revenue shares to the Subic Bay Metropolitan Authority (SBMA). PHINMA President… Read More Subic power firm signs P750-M lease extension

SBMA rebuts report on ‘rising crime’

SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority (SBMA) has disproven reports of a rising crime rate in the Subic Bay Freeport, particularly in the housing areas here, and called for sobriety among residents to help keep Subic peaceful and crime-free. This after it assured residents here that SBMA investigators are working hand in… Read More SBMA rebuts report on ‘rising crime’