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BCDA shoots for P70B in investment approvals
Business World Philippines
|September 01, 2025
THE Bases Conversion and Development Authority (BCDA) said it is hoping to double its investment approvals to P70 billion this year and breach P100 billion in funds remitted to the Treasury since 1993.
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“Last year, our investment approvals were around P30 billion, now it is already more. Our target this year is around P70 billion, which is double last year,” BCDA President and Chief Executive Officer Joshua M. Bingcang said at a roundtable on Friday.
“It is because more of our infrastructures are complete, so we are prepared to welcome more investment,” he added.
According to Mr. Bingcang, the BCDA has approved P57 billion worth of investment pledges as of August.
“We are on track to reach P70 billion by year-end. So, I think what will happen is we will have the third biggest approvals after the Board of Investments and the Philippine Economic Zone Authority,” he added.
The Philippine Statistics Authority (PSA) has reported that the BCDA approved around P32 billion worth of investment pledges last year.
Dit verhaal komt uit de September 01, 2025-editie van Business World Philippines.
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