Three weeks ago, the 8 members of FAB board officially sworn. They are consists of one representative from:

Bataan provincial government
Bataan Second District
Mariveles local government
Local locators
Foreign Locators
Labor sector
Two Representatives from Malacañang.
 
The creation of FAB happened after sponsoring Republic Act 9728. This converted the Bataan Economic Zone or BEZ into the FAB. We'll view this as the major free port and economic zone since it is purposefully located along the Manila Bay. The progress of FAB focuses on its management, advertising and expansion. With the capital stock of P2 billion from the National Govt., FAB will be beneficial to all of the needs of our province such as taxes, other emoluments, infrastructure, and a lot of employment. Peza has secretaries of national departments while FAB already has an administrator, although he has not yet been named. With FAB, we are very optimistic that our province will become richer in the coming years since this will gain both local and foreign investments and 100,000 job opportunities. [via businessmirror.com.ph]