Australian business missions are increasingly exploring investment opportunities in Subic Bay Freeport, a top economic zone in the Philippines. The Chamber of Commerce and Industry Australia Philippines (CCIAP), led by President Connie De Cunha, visited the freeport on September 20, 2024, as part of the Australia Inbound Mission. The visit aimed to evaluate trade and investment potential in the area.

The delegation was welcomed by Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño, who highlighted Subic’s strengths in sectors like shipping, tourism, renewable energy, and manufacturing. He expressed hope that more Australian companies would be encouraged to invest in the freeport, given its strategic advantages.

Karen Magno, Manager of SBMA’s Business and Investment Department for Manufacturing & Maritime, presented the benefits enjoyed by existing Australian companies in Subic Bay. One notable example is DBA Global, whose President, Darlow Parazo, praised the location’s strategic value and skilled workforce, emphasizing its growth potential as a business hub in Southeast Asia.

Best Chang, President of the Subic Bay Taiwan Freeport Chamber of Commerce (SBFTCC), also spoke about the benefits of locating businesses in Subic, citing the support provided by the SBMA. He highlighted that companies operating in the area are able to conduct their operations efficiently, thanks to the Freeport’s conducive business environment.

Currently, Subic Bay Freeport houses 24 Australian companies, with investments totaling US$11.7 million and 643 employees. The top five Australian firms include STG Global Corp., Platinum Skies Aviation, Dunbrae Subic Inc., Beurteaux Subic Inc., and Orica Philippines Inc. SBMA officials are optimistic that this number will grow as more Australian businesses recognize the area’s potential for expansion in Southeast Asia.

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