BATAAN LOCATORS UNIFIED, BARES MORE INVESTMENT
The Freeport Area of Bataan Investors Locators Association (FABILA), a solid community of 81 foreign and local locators in the Authority of the Freeport Area of Bataan (AFAB) was launched on April 2, 2016 at Discovery Primea Hotel, Makati City, Philippines. Spearheaded by Mr. Martin Han of Qualitek-Delta Philippines, Inc. the event showcased the unity of 81 locator inside the economic zone even as it expressed their legitimate concerns and issues with appropriate government agencies responsible fofr the upliftment and economic growth of the Central Luzon region.
“FABILA’s thrust is to make Bataan an investment hub in the Central Luzon Region. FABILA also wants to help foreign and domestic companies to grow their industries,” said Mr. Martin Han, Vice President and the current Chairman of Communication Committee.
According to Han, global industries are now seriously considering to relocate their facilities to the Philippines, Bataan included, since they perceive the country as a haven for business growth.
Bataan Gov. Abet Garcia and Subic Bay International Terminal Corp. vice chairman Francisco Delgado, were the the event’s distinguished guests.
FABILA, a non-profit, non-stock organization, is composed of pioneer and large buisness enterprises inside AFAB. Its mission is to etablish a dynamic partnership among its members and to be the locatros voice at AFAB.
FABILA members come from various manufacturing industries such as soldering products, garments and textile, bags, electronics and other related products, shoes, plastics and other related products, commercial industries, business process outsourcing, service providers, warehousing, among many others.
“FABILA is committed to work together with the government in the pursuit of economic development. The event was also a celebration and recognition of FABILA’s role in nation building and at the same time, a reflection of its united stand as locators of AFAB. “ said FABILA president Mr. Patrick Martinet.
The organization is composed primarily of local companies (43) and foreign companies (37) namely Korean, Taiwanese, Chinese, American, Japanese, (2) Bahrainese, British, German and French investors.
FABILA members have contribute close to P2 billion annually to the nation’s coffer.
The organization also employ around 25,555 workers, providing direct benefit to Bataan residents.
“Our main goal is to bring awareness to the public and private sector so that we can be partners in steering the economy forward. In so doing and this is my personal view, the Central Luzon area can be the next potential region for economic growth because there is an abundance of human resources; infrastructures; like solar powers; roads; airports; and Subic ports are in place,” Martin Han said.
“With the foundation that our group has made for the past forty one years we have stabilized and prepared for the people of Bataan to be ready for the growth that the Philippines will see in SMT and Semiconductor Industry,” he added.
Jose Ruben Tayco, the group’s Vice President for Internal Affairs and Chairman for Strategic Committee, meanwhile, said FABILA member companies chose to be located in the AFAB as it offers one of the best incentive packages for locators in the Philippines. It offers, among others, 4 to 8 years income tax holiday, and thereafter, 5 % tax in lieu of all national and local taxes, highly-qualified work pool, low lease rates, low electricity rates, among others. – tradeinmagazine.com