"The high employment figure speaks well of the strong economic growth of Subic Freeport and the SBMA is confident that more new jobs will be available this year with the scheduled opening of new manufacturing plants and expansion projects of existing locators," Payumo said.
Payumo said the SBMA maintains its performance despite the current economic crunch by creating more jobs as mandated by RA 7227 (Bases Conversion Act).
The SBMA under Payumo has generated employment for 39,810 since he assumed office in September 1998.