SBMA's Revenue Management

Comment from a reader on "SBMA Not Worried About Offending Investors":

First, FEDEX left for very different reasons. So it is not a good example.

But yes, investors come here to do business as they are allowed by law. And as a Freeport, that is pretty much almost anything. ALMOST, but not THE WAY THEY WANT.

There are regulations. Unfortunately, we have officials who do not care about the future. But they do seek refuge in the concept of a 'future' to secure immediate personal gains.

Here is an example:
They wanted to ensure their political standing by way of good financial standing. So they sold the future of subic today by way of lump sum payments. Good revenue numbers. But they got trapped when they realize that they could not leverage the money they have now and grow them.

In short, they spent it and/or they realize that their managers was not sophisticated enough to give reasonable returns. Oh, and did you think Arreza or Salonga ever thought of replacing their managers. No! Even they did not know how.
So they placed it in the bank which gave them 2% interest. Silly.

Even with CPA lawyer Millan in the team, revenue is flat with the future prospect of going down.