lion dollars worth of
facilities and property from looting and destruction. Subic has since been
transformed and became a model for bases conversion into commercial use after
the Cold War with blue chip companies like Coastal Petroleum, Enron and Fed Ex
pumping in over $3 billion of investments creating 70,000 jobs in the free
port's first four years. It was host to the 4th APEC Leaders' Summit on
November 24, 1996 and FedEx's Asia-Pacific hub, Asia-One, was also located in
Subic Bay for almost ten years..
In addition to commercial use, Subic Bay is
also a popular destination for weekend visitors from Metro Manila. Attractions
include several beaches, an underwater aquarium, jungle survival tours, racing
and duty-free shopping centers
