Manila Bulletin
Future-ready cities take shape as BCDA attracts billions in investments
The Bases Conversion and Development Authority (BCDA) successfully attracted PHP7.72 billion in investments during the first quarter of 2025, a significant threefold increase from the PHP2.49 billion recorded in the same period of 2024.
BCDA President and CEO Joshua Bingcang highlighted that this surge in investments is primarily directed towards key economic zones like New Clark City in Tarlac and Camp John Hay in Baguio City.
Bingcang expressed confidence that these investments will stimulate business activity, foster economic growth, and generate more employment opportunities within local communities.
Local investors were the primary drivers of this growth, committing PHP5.81 billion, while foreign investors contributed PHP1.91 billion.
A notable investment comes from Science Park of the Philippines, Inc., which secured a 50-year lease to develop a 100-hectare industrial park in New Clark City with an estimated project cost of PHP2.7 billion.
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