STEP’s payments

Japanese developer partners at the Subic Techno Park (STEP) agree to double the dividend payments for the Subic Bay Metropolitan Authority (SBMA), which will amount to almost $1-million. Signing the agreement are (from left) STEP director and corporate secretary Alex Cruz, STEP president Ichiro Tsuji, SBMA chairman and administrator Jonathan Tan, SBMA director Kenneth Rementilla and STEP director Shintaro Tsuji.