AFAB issues certificate of registration to FAB enterprises

Last January 4, 2011, Tuesday at 10’ o clock in the morning, the Authority of the Freeport Area of Bataan (AFAB) presented certificates of registration to the 1st batch of companies as FAB Enterprises. “This activity is a testament of our strengthening relations with our enterprises. AFAB is here to provide the necessary support for our companies to continue to develop and expand,” said AFAB Chairman & Administrator Deogracias Custodio.

Among the companies currently located in FAB who were given registration certificates are: Saemwoo Chemical Manufacturing Corporation, Dong–In En Tech K–1 Incorporated, D.I. Dawn Patrol Mfg. Corporation, East- Cam Tech Corporation, Mountaineering Instruments Corporation, Edge Soft Good Solution Incorporated, Almatech Mfg. Corporation, Filpak Industries Incorporated, Cases International Philippines Incorporated, Trans- Am Waste and Rags Philippines Incorporated and Mitsumi.

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Mariveles Locals Win Mr. & Ms. FAB Pageant

Mariveles, Bataan – December 21, 2010 – McLawrence Doria bested a field of 20 candidates while Melissa Joyce Punzalan beat out 16 other candidates from all over Bataan to win the Mr. and Ms. FAB titles during the Coronation Night held at the Freeport Area of Bataan (FAB) on December 20. Both winners are from Mountain View, Mariveles.

They will serve as ambassadors of goodwill for the FAB for the duration of their reign, representing the Freeport to the Bataan community, with special focus on the youth sector.

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AFAB Joins the PIPP Oversight Structure

The Authority of the Freeport of Bataan (AFAB) represented by Chairman Deogracias Custodio officially joined the Philippine Investment Promotion Plan (PIPP) Oversight Structure by signing a Supplemental Memorandum of Agreement with the PIPP Steering Committee and the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) at the Board of Investments Building in Makati last December 9, 2010.

The MOA formalized the partnership of the parties geared towards attracting a wide range of investors and establishing a stronger network of Investment Promotion Agencies (IPAs) within the strategic framework of the PIPP. The PIPP will serve as guide for harmonizing the policy-making, planning and programming of promotional strategies, programs and projects of various IPAs.

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FAB launches exhibit and website on anniversary

The Freeport of Bataan (FAB) recently celebrated its anniversary with the joint launching of the FAB Exhibit and the Website at the lobby of the Authority of the Freeport Area of Bataan (AFAB) Building marking the first year of the signing of the FAB Act of 2009 (RA9728) into law, by the Congress and the Senate.

The exhibit featured photographs of different locations within the FAB showing both the industrial and natural features of the Freeport. Different products of FAB registered enterprises were also displayed in the exhibit along with a diorama of the entire Freeport. The website marked the beginning of the on-line presence of the Freeport in its effort to facilitate communication with its stakeholders and raise its visibility to the international community.

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AFAB launches IOSS

The Authority of the Freeport Area of Bataan (AFAB) recently launched its Immigration One-Stop-Shop (IOSS) to ensure immediate processing, stamping and issuance of FAB locators’ visa. Joining AFAB and Bureau of Immigration (BI) officials for the IOSS Launch were guests of honor Bataan Governor Enrique “Tet” Garcia and Congressman Albert Garcia of the 2nd District of Bataan.

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AFAB signs JMO, MOA and IRR with BI and DOLE

The Authority of the Freeport of Bataan Chairman Deogracias P. Custodio signed the Joint Memorandum Order, Memorandum of Agreement, and Implementing Rules and Regulations along with the Bureau of Immigration OIC Ronaldo P. Ledesma and Department of Labor and Employment Secretary Rosalinda Dimapilis-Baldoz, at the Bureau of Immigration Main Office in Intramuros, Manila.

The signing is another milestone in the transition of the former Bataan Economic Zone into the AFAB. The signing of the JMO, MOA and IRR will facilitate a more efficient procedure for work permits and visas for foreign nationals working with AFAB locators. It will also serve as the foundation of the one-stop shop that the AFAB seeks to establish to service its locators.

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Garcia urges critics to give FAB a chance

Written by www.mb.com.ph
Saturday, 03 July 2010 06:53

MARIVELES, Bataan — Bataan 2nd District Representative appealed Tuesday to critics of the Freeport Authority of Bataan (FAB) to give its officials a chance to forge on with the Freeport’s ambitious programs for the development of the province.

Garcia, who authored the law for the conversion of the Bataan Special Economic Zone into the FAB, expressed lament over moves to replace the FAB officials who planned and are now implementing the comprehensive development program for the Freeport located in his district.

He said political opponents of his family who lost in the last elections are allegedly posturing to replace the current composition of the FAB Board.

The congressman bewailed the move of these critics, with alleged vested interests in taking over the administration of FAB, to float reports that FAB board members were supposedly handpicked by his father, Governor Enrique “Tet” Garcia Jr.

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Freeport Area of Bataan Takes Over Economic Zone

Written by www.mb.com.ph
Saturday, 03 July 2010 06:53

MARIVELES, Bataan — The Freeport Area of Bataan (FAB) officially takes over Tuesday stock, lock and barrel the Bataan Economic Zone (BEZ) after its Implementing Rules and Regulations (IRR) was officially signed, Bataan 2nd District Representative Albert S. Garcia said Monday.

Leading the signatories in the IRR of Republic Act 9728 or the Authority of Freeport Area of Bataan (AFAB) Law, was Finance Secretary Margarito Teves.

Garcia said that the new set of officers of FAB had been officially designated with the assumption of lawyer Deo Custodio as chairman of FAB, whom he described as “a professional administrator and highly capable.”

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Mariveles Firms to Enjoy Freeport Perks

Written by J. A. D. Hermosa  
Saturday, 19 June 2010 06:51

FINISHED GOODS, on top of raw materials, can soon be imported and traded tax-free within the Bataan Economic Zone and nearby areas as the site is slated to become a free port in 15 days.

This comes as the implementing rules of Republic Act 9728 -- which last year turned Mariveles, Bataan, into a free port -- was published yesterday.

It essentially allows more firms, including those outside the 1,733-hectare economic zone, to avail of the following incentives: income tax holiday; a 5% tax on gross income in lieu of national and local taxes except real property tax on land; duty-free import privileges; 0% value-added tax on the purchase of machinery, capital equipment or raw materials by export enterprises from domestic manufacturers; tax credit for materials to be used in making export products, tax deductions for training expenses, exemption from wharfage fees; and the employment of foreign nationals.

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About FAB

FAB History

In 1972, the Bataan Export Processing Zone (BEPZ) became the first official economic zone in the Philippines. (thru Republic Act 5490 of 1969). The BEPZ was one of the most progressive communities in Luzon during its first decade of operation. The area attracted over one hundred multinational locators. Despite the economic activity and growth in the area brought about by the development of Subic and Clark in the 1990s, the development in the BEZ stagnated and then declined rapidly.

To put a halt to the decline of the BEZ and to allow the zone to fulfill its original mandate to become a catalyst for progress and development in the region and to create employment and livelihood opportunities for the people, Congress passed the Freeport Area of Bataan Act (RA 9728), which was enacted into law in October 2009. This Act converted the BEZ into the FAB,a special economic zone and freeport with a dedicated governing authority.

Vision

The AFAB vision is to be the freeport choice in the country by 2020, becoming a center of trade, innovation and sustainable development in Asia. The AFAB shall be a beacon for other emerging economic centers in the use of next-generation technologies and practices that will define the new model for the Global freeport.

Mission

The AFAB shall achieve it’s vision by building a world-class freeport community with leading edge equipment and facilities. It’s core values are sustainability, innovation and partnership.

For more information, please visit the Freeport Area of Bataan Official Website.