Senate Of The Philippines Volume 1 / Issue 7 * Published by the External Affairs and Relations Department

RA 11453: An Act Further Strengthening the Powers and Functions of the Authority of the Freeport Area of Bataan This law expands the territory of the Freeport Area of Bataan (FAB) in Mariveles, Bataan and raises its capital stock to PhP 2.5 billion. Locators are exempt from paying local...

AFAB eyes fintech from emerging markets

The Authority of the Freeport Area of Bataan (AFAB) is joining the digital bandwagon as it shifting focus on attracting financial technology (fintech) firms engaged in blockchain, distributed ledgers and other fintech solutions firms from emerging digital economies to locate operations in the freeport. In a statement, AFAB Administrator...

Republic Act No. 11453

An Act Further Strengthening the Powers and Functions of the Authority of the Freeport Area of Bataan (AFAB), Amending for this Purpose Republic Act No. 9728, Otherwise Known as the “Freeport Area of Bataan (FAB) Act of 2009” Be it enacted by the Senate and House of Representatives of...

Bataan freeport to attract emerging digital economies

MARIVELES, Bataan – The Authority of the Freeport Area of Bataan (AFAB) has taken steps to attract emerging digital economies through blockchain, distributed ledgers, and financial technology solutions. AFAB Administrator Emmanuel Pineda said on Friday they have opened their doors for the registration of offshore Financial Technology (FinTech) companies...