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Filipinos Expats in Thailand Forum (2001-2010) > Wow Philippines > 7,107 Islands (Moderators: spongklong, TARSIER, Chupau is BACK!!, Van Helsing) > Topic: FedEx closes hub in Philippines
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« on: February 10, 2009, 06:22:08 AM »
FedEx closes hub in Philippines

Agence France-Presse, Philippine Daily Inquirer
First Posted 03:13:00 02/07/2009



SUBIC BAY FREEPORT, Philippines — US delivery giant Federal Express (FedEx) closed its Asian hub in this northwestern free port Friday, with the last flight leaving for Taiwan just before dawn.

FedEx announced two years ago that it would relocate its Asian hub from Subic Bay Freeport, a former US naval base, to Guangzhou in southern China.

"Last night was the last night of full operations," said Subic Bay Metropolitan Authority (SBMA) administrator Armand Arreza.

"The market in China is bigger than the entire market of Southeast Asia. China also gave FedEx rights to handle its domestic cargo, which is huge," Arreza said.


read full article here


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Master J
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« Reply #1 on: February 10, 2009, 06:28:54 AM »
Wow! Malaking sayang ito for Pinas. Wish more jobs opportunities would open up for our kababayans back home.
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Filipinos Expats in Thailand Forum (2001-2010)
« Reply #1 on: February 10, 2009, 06:28:54 AM »

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