BCDA

The Bases Conversion and Development Authority (BCDA) vows to continue its efforts to develop New Clark City in Tarlac into a premier industrial hub that can attract local and foreign investors, in line with the Marcos administration’s socioeconomic agenda.  

BCDA President and Chief Executive Officer Joshua M. Bingcang made this pronouncement following President Ferdinand R. Marcos Jr.’s bilateral meeting with Singapore Prime Minister Lawrence Wong, where the president highlighted New Clark City as a viable destination for Singaporean investors.

In light of the recent concerns surrounding the impending expiration of Metro Clark Waste Management Corp.’s (MCWMC) 25-year contract for the Kalangitan sanitary landfill facilities in Capas, Tarlac, the Bases Conversion and Development Authority (BCDA) will assist local government units, government agencies, and locators to explore alternative solutions for the affected stakeholders’ waste disposal requirements to ensure non-disruption of solid waste management services.

Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go is “very optimistic” on the investment possibilities in store for Clark and the New Clark City.

A flagship project of the Bases Conversion and Development Authority (BCDA), New Clark City is positioned as a "very attractive" investment hub for certain sectors.

The Philippine Chamber of Commerce and Industry (PCCI) - Cordillera Administrative Region (CAR) expressed optimism that more economic and business opportunities will open up for Baguio City and its neighboring towns, following the Supreme Court decision affirming the arbitral resolution allowing the Bases Conversion and Development Authority (BCDA) to recover the 247-hectare property in the John Hay Special Economic Zone. 

On behalf of the Bureau of Treasury, Department of Finance (DOF) Secretary Ralph G. Recto (second to the left) received a cheque worth Php1.1 billion from the Bases Conversion and Development Authority (BCDA) on April 29, representing its dividends remittance for 2024 to help beef up the national coffers.

The amount is double than its total remittance of PHP 527 million in 2023 and brought BCDA’s total dividend contribution to the national government to around PHP 9.6 billion since its inception in 1992.

The Bases Conversion and Development Authority (BCDA) welcomes the filing of Senate Bill No. 2647, a measure seen to give workers access to affordable housing, accelerate infrastructure development, further drive investments in the country, and support the pension fund of the Armed Forces of the Philippines (AFP).

The Bases Conversion and Development Authority (BCDA) and the Maharlika Investment Corporation (MIC) have forged a strategic partnership to explore investment opportunities within BCDA properties, including Clark Freeport and Special Economic Zone.

On 29 April 2024, BCDA President and Chief Executive Officer (PCEO) Joshua M. Bingcang and MIC PCEO Rafael D. Consing Jr. signed a memorandum of understanding (MOU) to move forward with their plans of including some of BCDA’s projects and programs in the portfolio of Maharlika, the Philippines’ first sovereign wealth fund.

The Bases Conversion and Development Authority (BCDA) has remitted Php1.1 billion in dividends to the Bureau of the Treasury (BTr), providing additional support for the national government’s expenditures and efforts to propel economic growth this year. 

The Subic-Clark Railway Project (SCRP), expansion of the Clark International Airport, and the Clark National Food Hub are among the high-impact projects offered to American and Japanese investors in the proposed Luzon Economic Corridor, which forms part of the Group of Seven (G7) Partnership for Global Infrastructure and Investment (PGII).

Special Assistant to the President for Investment and Economic Affairs Secretary Frederick D. Go expressed his optimism over the Supreme Court decision resolving the legal dispute between the Bases Conversion and Development Authority (BCDA) and its lessee CJH Development Corporation (CJHDevCo), saying “this development will enable the government to unleash the full potential of the John Hay Special Economic Zone and spur inclusive economic opportunities for northern Luzon.”