There’s more to Subic than just blue water and white sands. To many readers the term “Freeport” probably means little, just some sort of marketing-speak, but in the Philippines, it means a lot.
The Philippines has a very bad environment for starting a business. It’s one of the worst countries in the world for registering a business and getting all the permits and permissions in place.
But the Special Economic Zones, like Clark and Subic change all that. It seems almost every day I see something new getting started at Subic and here’s one idea that seems to hold water.
SUBIC BAY FREE PORT— It looks and moves like an aircraft, but it can also dive underwater.
Prototype Sports Sub at Subic
The Amuza “leisure submarine,” a two-seater vessel the size of a compact car, may soon be built by a Japanese firm in this free port with the help of a Filipino-British car body-parts maker.
Subic Bay Metropolitan Authority (SBMA) administrator Armand Arreza said a prototype of the submersible was successfully tested last week in the waters of Subic Bay.
Submarine builder Amuza Co. Ltd., which first gained popularity for its limousines, wants to start building about 10 production models by the end of the year. The company has been developing the prototype for the last 10 years and has spent about $1.7 million for the project, said Amuza chief executive officer Kiyotaka Miyagawa.
These macines will be battery and electric motor-powered, good for about 5 knots underwater and will have a range of 40 kilometers or so. No word on price.
Sample of one of Amuza
The company in charge of the prohect, Amuza has a long histoty of building some very well operating on-ground vehicles, like this one … they are the premier luxury limosine company in Asai with factories in japan, Australia and other countries.
There will be a full factory ‘pilot’ training and certification school at Subic that new ownrs will be required to attend … don’t think I can afford one, but I want one. More jobs and more business in the Philippines … they say you can’t make money here.
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