Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño turns over to Department of Finance Secretary Ralph Recto the agency’s dividend contribution to the national coffers through a symbolic handover of the mock cheque.
Subic Bay Freeport – The Subic Bay Metropolitan Authority (SBMA) officially handed over ₱1,465,478,485.70 in revenue earnings to the Department of Finance (DOF) at DOF Building Bangko Sentral ng Pilipinas (BSP) Complex in Manila on July 14, 2025.
In a simple ceremony, SBMA Chairman and Administrator Eduardo Jose L. Aliño presented a mock check for ₱1,465,478,485.70 to Finance Secretary Ralph Recto, which demonstrates a steady income flow of the business community within the Subic Bay Freeport Zone (SBFZ).
Today, we once again gather to celebrate the strength of good governance and nation-building as the Subic Bay Metropolitan Authority officially hands over ₱1.4 billion in dividends to the National Treasury,” said Secretary Recto.
The secretary cited that dividends are his favorite source of revenue because they “help raise funds for government programs without raising taxes on our people.”
According to Chairman Aliño, the ₱1.465-billion dividends comprise 50 percent of the net earnings incurred in 2024 worth ₱798,267,923.24.
“Aside from the dividend due, the ₱1.465-billion earnings also include the ₱667,210,562.46 as the last installment for dividends of 2022,” he added.
Meanwhile, the finance chef stated, “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. 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. (30)
