Interesting to see how foreign investments in the Subic Freeport have tumbled over the years. The concept of the freeport was that it would be a haven of low taxes, honest practices and good government for foreign investors. Much of the local investment figures for 2011 are likely related to the building of the two big malls, but those malls have nothing to do with the freeport. Olongapo has grown to the point that Ayala and SM decided they could make a profit putting in malls.
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