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Investment Areas  

Subic-Clark

Location/Positioning

Subic and Clark together form the hub of air transport, tourism, trade, finance and industry in Central Luzon. One can also enjoy ecotourism (sightseeing, hiking, treks, and special interest activities), beach, recreation, shopping, fine dining, gaming and entertainment.

Subic
Strategically positioned in the dynamic Asia Pacific Region. Subic Bay occupies a 60,000 hectare complex including some areas of its neighbors Zambales and Bataan. Subic is a shining jewel in Central Luzon, geographically located 110 kilometers northwest of Manila, the capital of the Philippines.

Clark
Angeles is the Province of Pampanga's premiere cit and hub of commercial activity. The city is dotted with Spanish-era ancestral houses, churches and historical markers. Angeles can be seen along the city's main and oldest street, Sto. Rosario, and Clark Field (formerly know as Stotsberg). While history is maintained progress takes its steady course in the province. Clark, former bastion of U.S. military might, is now the site of the booming Clark Special Economic Zone (CSEZ).


Getting to And Around

Subic

By Air. The Subic Bay International Airport accommodates both domestic and international flights and is certified by the Federal Aviation Administration as a modern facility with state-of-the-art safety navigational communications and meteorological systems. As of the moment, there is no commercial flight that serves Manila-Subic route.

By Sea. A vessel leaves Manila port terminal almost 8 times daily to Orion, Bataan. An hour and a half land travel by bus connects to Subic.

By Land. From manila, it is just .5 hours ride by car or bus to Angeles and Clark through the North Luzon Expressway, exiting via Angeles of Sta. Inez toll plazas.

Clark

By Air. The Diosdado Macapagal International Airport (DMIA) is served by various domestic airlines as well as other air transport companies. Passengers flying in from Hong Kong can take advantage of the many perks and amenities provided upon arrival at the DMIA.

By Land. From manila, it is just 1.5 hours ride by car or bus to Angeles and Clark through the North Luzon Expressway, exiting via Angeles of Sta. Inez toll plazas.

 

Tourist Attractions

Subic

Natural

  • Jungle and Environmental Survival Training (JEST)
  • Subic Bay Eco Tour ("Magtuloy Kawhyna")
  • Subic Tiger Zafari Adventure (ZOOBIC)
  • Dungaree
  • Officer's Beach
  • Nabasan Beach
  • Camayan Beach
  • Grande Island Resort
  • Shoreline fishing at Alava Pier, Kalakale Bridge, malawaan River, Lower Mau, Leyte Wharf, Recreation Pier and Cubi Point
  • Subic Bay Aqua Sports
  • Blue Dolphin Aqua Sports

Man-made

  • Extreme Adventure Park
  • Mini Golf Course
  • Binictican Valley Golf Course

Clark

  • Historical Sites
  • The Salakot
  • U.S. Memorial Cemetery
  • Pre-war Artillery Area
  • Kamikaze West Airfield (former USAF AMMO)
  • Seki Tunnel
  • Lily Hil
  • Buddha of Peace World Shrine
  • Parade Grounds
  • Monument to Col. Statsenberg
  • 1902 Original Statsenberg Posts
  • Pres. Manuel Roxas Marker
  • Former 13th Airforce Office of the Commander
  • Post Commander Office/Mansion/General's Houses
  • The Centennial Block (Barn Houses)

 

Tourist Statistics

Visitor Arrivals*

Subic

2000
2001
2002
2003
2004
77,175
90,506
143,839
149,282
112,602
*Zambales and Olongapo

Occupancy Rates (%)
*

2000
2001
2002
2003
2004
46.85
42.64
54.01
43.55
50.77**
*Zambales and Olongapo
**As of Sept. 2004 only

Visitor Arrivals*

Clark

2000
2001
2002
2003
2004
86,891
111,113
130,229
126,957
130,675
*Pampanga and Angeles City

Occupancy Rates (%) *

2000
2001
2002
2003
2004
46.85
42.64
54.01
43.55
50.77**
*Pampanga and Angeles City
**As of Sept. 2004 only

Present Capacities, 2004
 
Rooms
Subic
1,816
Clark
1,029*
*This number does not yet include the number of rooms of the 126 units in Montevista Villas.
Note: Occupancy of these rooms are not yet available as of this writing.


Tourism Development Direction

Subic

Cultural Development Programs
A. Reconstruction and conservation of Fort Playa Honda-Botolan, Zambales
B. Creation of provincial museums
C. Onsite archaeological Museums
D. Archaeological excavation of Pre-Historic Habitation Site - Masinloc, Zambales

Clark

Cultural Development Program
A. Lights and Sounds Camp O'Donnell, Capas, Tarlac

Required Infrastructure

Subic

Bypass Construction
A. Dinalupihan Olongapo Road
B. Iba - Tarlac Road
C. Mariveles Bagac- Morong-Olongapo Road

Clark


Bypass Construction
A. Angeles Bypass Development
B. Tarlac Bypass
C. Dinalupihan - Angeles Road

Local Incentives

Subic

  • Tax and duty-free importation. Subic Bay Freeport (SBF) investors enjoy tax and duty free exemptions on imported raw materials, supplies, capital equipment and other items for consumption with Freeport
  • Exemption from all local and national taxes with only a 5% corporate tax on gross income. SBF investors are exempt from all local and national taxes such as value-added taxes, franchise taxes, excise and ad valorem taxes. They pay only a final corporate tax of 5% of their earned gross income.
  • Unrestricted entry of foreign investments. Foreign investors may invest up to one hundred percent (100%) equity in almost any economic activity in the SBF except those listed in the Foreign Investments Negative List (FINL) as published by the Philippine Board of Investment (BOI).
  • Visas available to foreign nationals. The SBMA processes and directly grants special residents and investor visa. Temporary Working Permit (TWP) and Subic Special Work Visas (SSWV) may be granted to foreign nationals subject to certain requirement. Subic Special Investor Visa (SSIV), on the other hand, can be granted to foreign investors with an investment of at least US$250,000.00
  • Expanded Allowable Deduction and Higher Percentages of Income Allowable from Sources within the Customs Territory for Regional Enterprises. The Regional Enterprises shall enjoy expanded deductions that shall be allowable for the calculation of gross income earned for the required 5% payment. Also, the Regional Enterprises may generate revenues from sources within the Customs Territory up to 50% of its total revenues.

Clark

  • Tax and duty-free importation of machinery, equipment, raw materials, supplies and all other articles including finished goods.
  • No local and national taxes. In lieu of taxes, CSEZ enterprises shall pay a a fee of five percent (5%) of their Gross Income Earned (GIE).
  • 100% foreign equity is allowed for many types of industries including manufacturing, tourism, service-oriented business.
  • CSEZ is managed as a separate customs territory, ensuring free flow of articles within the Zone.
  • Unlimited purchase and consumption of tax and duty free consumer goods within the CSEZ.
  • No exchange control policy is applied where free market for foreign exchange, gold, securities, and future shall be allowed and maintained.
  • Banking and Finance is liberalized with the establishment of foreign currency depository units of local commercial banks and offshore banking units of foreign banks with minimum Central Bank regulations.
  • Special Working Visa renewable every two (2) years to foreign executives and other aliens possessing highly-technical skills.
  • Exemption form SGS inspections except duty-free goods/articles destined to commercial establishments/duty-free shops.
  • Simplified export and import procedures.
  • Unrestricted use of consigned equipment.
  • VAT exemption form purchases made for the local market.
 
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