September 1, 2025 | 12:00am
MANILA, Philippines — The Bases Conversion and Improvement Authority (BCDA) expects to approve a complete of P70 billion price of investments this yr because it strives to draw buyers and put in place infrastructure at its funding hubs to help corporations’ operations.
At a press briefing, BCDA president and CEO Joshua Bingcang stated the government-owned and managed company (GOCC) is on observe to hit its P70-billion funding approvals goal for this yr.
If the goal is achieved, this yr’s permitted investments could be greater than double final yr’s funding approvals amounting to P32.71 billion, primarily based on knowledge from the Philippine Statistics Authority.
Bingcang stated assembly the goal may additionally place the BCDA because the third funding promotion company with the very best funding approvals, subsequent to the Board of Investments and Philippine Financial Zone Authority.
He stated investments permitted by the BCDA have reached round P57 billion from January to August.
The BCDA is optimistic it may appeal to extra buyers in its funding hubs together with New Clark Metropolis in Tarlac, because it continues to place in place the mandatory infrastructure to help locators.
“We’re ready to welcome extra buyers,” Bingcang stated.
The BCDA can be set to conduct funding missions in South Korea this month and in Japan in October.
“In Korea, we’re finalizing the settlement on the utilities for New Clark Metropolis,” Bingcang stated.
He stated the BCDA additionally expects to signal three agreements with corporations through the funding mission in Japan.
“That is on ICT (data communications expertise)…on infrastructure for Clark and waste to power,” he stated.
He additionally stated that the BCDA expects its cumulative remittances to the nationwide authorities to breach P100 billion this yr.
The BCDA’s whole remittances to the nationwide authorities have reached P96 billion for the interval of 1993 till Could 2025.
Final Could, the BCDA stated it remitted record-high dividends amounting to P2.04 billion to the nationwide authorities. The quantity represents 80 p.c of the BCDA’s web earnings final yr.
Previous to the remittance in Could, the BCDA additionally remitted P3.13 billion to the nationwide authorities as a share of asset disposition proceeds collected in 2024.
Beneath Republic Act 7656, GOCCs are mandated to remit at the least 50 p.c of their web earnings to the nationwide authorities.
As a part of efforts to extend revenues with out new taxes, the Division of Finance earlier referred to as on GOCCs to remit at the least 75 p.c of their web earnings.
