THE FAB STAKEHOLDERS’ NIGHT and THE FAB AWARDS

In recognition of the significant role of our key stakeholders in the success of the Freeport Area of Bataan (FAB), the Authority of the Freeport Area of Bataan (AFAB) conceived the Stakeholders’ Night as part of the celebration of the 5th anniversary of the passage of Republic Act 9728, the law that established the freeport in 2010.

During the first five years of its operations, the AFAB increased the freeport’s investment portfolio by over 200 percent and generated thousands of jobs. With this, the FAB was hailed as the fastest growing freeport in the country in 2012 and 2013. The Authority acknowledges that it received such distinction with the help and support of its partners, attached agencies and members of the FAB community. For this, the AFAB gives FAB Awards as a way to show gratitude and appreciation to all stakeholders.

The FAB Awards also recognize the positive and significant contribution of the FAB locators in expanding investment projects in the freeport, boosting the local economy’s growth and sustaining the national development. Lastly, the FAB Awards aim to honor enterprises for their outstanding achievement in their respective industries.

Categories of the FAB Awards

The Top Employer Award is presented to outstanding locators that have provided gainful employment and at the same time promoted and supported the Authority’s policies on industrial peace, harmony and productivity.

Eligibility and Criteria

All locators with at least 300 workers are eligible for the Top Employer Award. The selection and assessment of awardees is based on the following criteria approved by the Authority:

1.       Job Generation: Considers the number of jobs that the locator provided for the residents of Bataan and Mariveles for the years 2010 to 2013.

2.      Labor Compliance: The locator promotes compliance to the labor laws.

3.       Employees Welfare Programs: The locator demonstrates solid employee recruitment and retention strategies and is committed to workforce development; employee training; employee safety/wellness initiatives; and education/professional development opportunities. The company also implements welfare programs that strengthen employee-employer relationship

4.      Retention Practices: The locator supports government enterprise-based programs like Dual Training System, Apprenticeship and Learnership. The Absorption Rate of the locators is also measured and evaluated.

5.      Corporate Social Responsibility: The locator includes CSR projects in its activities and considers the needs of the employees and the community in forming such programs.

The Top Exporter Award is conferred on FAB-registered locators who recorded the highest export value from 2010 to 2013.

Eligibility

All FAB-registered locators are qualified to receive the Top Exporter Award. They were assessed according to the following categories:

1.       1000 and above

2.      500 and above

3.       100 and above

4.      99 and below

The Locators Appreciation Award is conferred on all enterprises that supported and contributed to the activities and programs of the AFAB for the years 2010-2013.

Eligibility

All FAB-registered enterprises are eligible to receive the Locators Appreciation Award. The awardees are assessed based on their participation in the programs of the AFAB over the past four years.