Sinosun Subic Bay Holdings Corporation (Sinosun), celebrated Christmas early with over 180 foreign investors including representatives from state owned enterprises immediately after the Subic Bay Development Investments Conference (SDIC) together with around 100 local partners, friends and guests.
The honored guests who graced the occasion include the representative of Ambassador William Lima, the Philippines Special Envoy to China, Kenneth Rementilla, Deputy Administrator of SBMA Business Group who represented Atty. Wilma Eisma, Chairperson and Administrator of SBMA, Mayor Rolen Paulino, Mayor of Olongapo City, Marvin Ted Macapagal, Director of SBMA, Michael Ted Macapagal, Director of Clark Development Corporation and Congressman Edwin Uy.
The SDIC is the third such conference held in Subic Bay aside from one in Hong Kong in July, one in Tianjin in August and a series of smaller ones in various cities in China this year. Held at Subic Bay Travelers Hotel, the twin event was an eye opener for many guests as they were entertained with dances by the indigenous Aeta people and renditions of Christmas songs by a group of children from a church in Olongapo.
Sinosun’s presentation emphasized on enhancement of the financial infrastructure to support transparent and efficient flow of investment funds into the country. Dr. Samuel Lim, Chairman of Sinosun elaborated on the enormous opportunities in the financial, tourism and retirement industries and also projected on the development in Redondo Peninsula to transform Subic Bay Freeport Zone into modern and smart Port City.
The unique location of Subic Bay is particularly suitable for a vast range of industries and has unlimited opportunities in vertical developments to accommodate locators in the financial industry that will attract major players, channeling in funds for development, enhance transfer of technology, creating high quality employment opportunities, said Dr. Lim.
Also at the event, an auction of 20 pure gold commemorative coins were carried out, which proceeds will be used by Sinosun’s Young Hearts With Hope Foundation (YHWH) to fund charitable projects to help underprivileged children in Olongapo and the Aeta children. Bidders supported the auction with high spirits and contributed to a beautiful closing of the event.