BCDA Investments Triple To PHP7.72 Billion In Q1 2025

The Bases Conversion and Development Authority (BCDA) secured PHP7.72 billion in investments from January to March 2025—more than triple the PHP2.49 billion recorded in the same period last year, according to a report by the Philippine News Agency.

Local investors contributed the majority of the total, with PHP5.81 billion in commitments, while foreign investors pledged PHP1.91 billion. I Photo: Bases Conversion and Development Authority (BCDA)

BCDA President and CEO Joshua Bingcang credited the investment surge to increasing interest in the agency’s key properties, particularly 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. These high-impact investments will help spur increased business activity, drive economic growth, and provide more employment and livelihood opportunities for local communities,” Bingcang said in a statement.

Local investors contributed the majority of the total, with PHP5.81 billion in commitments, while foreign investors pledged PHP1.91 billion.

Among the biggest investments was a PHP2.7-billion project by Science Park of the Philippines, Inc., which signed a 50-year lease to develop a 100-hectare industrial park in New Clark City.

A Filipino-South Korean consortium—including Sta. Clara International Corp., Saekyung Realty Corp., and Korea Overseas Infrastructure and Urban Development Corp.—will develop a PHP4.8-billion housing facility in the area.

Part of this project will support President Ferdinand 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 firms Top Taste and Trading, Inc., Prime Collective Corp., and Amare La Cucina committed a combined 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 become partners in driving transformative, game-changing projects that will help shape the future of our nation,” Bingcang added.