SUBIC BAY FREEPORT – The Subic Bay Metropolitan Authority (SBMA) officially handed over ₱1,465,478,485.70 in revenue earnings to the National Treasury, demonstrating a steady income flow from the business community in the Subic Bay Freeport Zone.

In a simple ceremony, SBMA Chairman and Administrator Eduardo Jose L. Aliño presented the proceeds to Finance Secretary Ralph Recto at the Department of Finance office in Manila on July 14.

Aliño said the ₱1.465-billion dividends comprise 50 percent of the net earnings generated in 2024 worth ₱798,267,923.24 and ₱667,210,562.46 representing the last installment for dividends in 2022.

Recto said the turnover marked the strength of good governance and nation-building, adding that dividends are his favorite source of revenue because they “help raise funds for government programs without raising taxes on our people.”

Recto also noted that the SBMA was created “to transform what was once a military base into a world-class economic engine–a self-sustaining investment hub that generates jobs and opportunities for our people.”

“As we look to the future, I urge the SBMA to take the next bold step. We have the talent, the location, the incentives, and the leadership to make Subic not just a regional hub, but a global player,” the Finance Chief said.

“So, let’s keep raising your standards, keep innovating, and keep making Subic the kind of place where investors would want to come, stay, and grow,” he added. 

SBMA Chairman and Administrator Eduardo Jose L. Aliño turns over to Finance Secretary Ralph Recto the agency’s dividend contribution to the national coffers.