SUBIC BAY, Philippines, May 4, 2018 /PRNewswire/ -- Sinosun Subic Bay Holdings Corporation (Sinosun), a consultancy and independent advisory company bridging international corporations and investors to the Philippines, particularly in Subic Bay and Cagayan Valley, announced the successful conclusion of the Subic Bay Development Investments Conference (SDIC), which was held at the Subic Bay Travelers Hotel & Event Center.
The conference that was graced by Senior Deputy Administrator (SDA) of Subic Bay Metropolitan Authority (SBMA), Stefani Sano, OIC-Deputy Administrator of SBMA Investment Group, Kenneth Rementilla and Mayor of Olongapo City, Rolen Paulino, brought together over 40 attendees, including state owned enterprises, private investment firms, businessmen and individual investors from Malaysia and China.
SDA Sano represented SBMA Chairperson & Administrator Atty. Wilma Eisma who is on an official visit to Shanghai, commented that more similar conferences should be held on a regular basis to introduce available investment opportunities in Subic Bay to international investors. Citing media reports regarding Sinosun's memorandum with Cagayan Economic Zone Authority to promote the development of blockchain and financial technologies, Sano said he hope that Sinosun will also consider establishing a "FinTech City" in Subic Bay.
At the event, OIC-Deputy Administrator Rementilla's presentation provided participants important information regarding the business landscape in Subic Bay, the advantages of locating in Subic Bay and the roles of SBMA to assist locators to reach their goals.
Chairman of Sinosun, Dr. Samuel Lim also presented a master plan for the development of Subic Bay and Olongapo City including power generation, industrial parks, seaport for transshipments and tourism enhancement.
As the majority of manpower in Subic Bay comes from Olongapo City, Sinosun sees the importance of the development in Olongapo that must go hand in hand with Subic Bay. Mayor Paulino expressed his appreciation to Dr. Samuel Lim for putting priority to the development of Olongapo. "I will fully support all major projects by Sinosun for Olongapo City," said Paulino.
The conference featured a broad range of general investments and discussions on key topics including commercial real estate, the importance of investments in financial planning, the conducive environment for blockchain and financial technology (FinTech) industry, compliance considerations and the current regulatory outlook. Mundo Financial Technology Group's President, Dr. Demian Ong said, "The business environment in Subic Bay is ideal for the development of financial technologies."
