BCDA-approved investments triples in first quarter

The Bases Conversion and Development Authority (BCDA) received P7.72 billion worth of investments from January to March this year, more than triple compared to the investments it facilitated in the same period in 2024 at P2.49 billion, according to a report by Philippine News Agency.

BCDA president and chief executive officer Joshua Bingcang attributed the surge in investments in the government-owned and controlled corporation’s properties, particularly the New Clark City in Tarlac and Camp John Hay in Baguio City.

“The BCDA’s strong performance is a testament to the private sector’s steadfast confidence in the long-term potential of our economic zones, including New Clark City and Camp John Hay. These high-impact investments will surely help spur increased business activity and drive economic growth, providing more employment and livelihood opportunities for the local communities,” Bingcang said in a statement on Sunday.

Local investors accounted for the bulk of the investment commitment, pouring in PHP5.81 billion, while foreign investors contributed PHP1.91 billion.

Among the top investors is the Science Park of the Philippines, Inc., which signed a 50-year lease with BCDA to develop a 100-hectare industrial park in New Clark City with a project cost of PHP2.7 billion.

Another major project is a PHP4.8-billion a housing facility in New Clark City by a Filipino-South Korean consortium composed of Sta. Clara International Corp., Saekyung Realty Corp. and Korea Overseas Infrastructure and Urban Development Corp.

A portion of the project will support President Ferdinand R. Marcos Jr.’s Pambansang Pabahay Para sa Pilipino Program.

In Camp John Hay, four local firms committed new investments following BCDA’s recovery of the 247-hectare property.

Stern Real Estate Development Corp. pledged PHP178 million for the continued lease and expansion of Le Monet Hotel and the Filling Station food court.

Food and beverage companies Top Taste and Trading, Inc., Prime Collective Corp., and Amare La Cucina committed combined investments of PHP70 million to open new restaurants and cafes in the area.

“As we continue to build inclusive, sustainable, and future-ready cities, we invite more investors to explore vast opportunities within our ecozones and to become partners in driving transformative, game-changing projects that will help shape the future of our nation,” Bingcang said.