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BCDA investment approvals seen to hit P70 B this year
The Philippine Star
|September 01, 2025
The Bases Conversion and Development Authority (BCDA) expects to approve a total of P70 billion worth of investments this year as it strives to attract investors and put in place infrastructure at its investment hubs to support firms' operations.
At a press briefing, BCDA president and CEO Joshua Bingcang said the government-owned and controlled corporation (GOCC) is on track to hit its P70-billion investment approvals target for this year.
If the target is achieved, this year's approved investments would be more than double last year's investment approvals amounting to P32.71 billion, based on data from the Philippine Statistics Authority.
Bingcang said meeting the target could also place the BCDA as the third investment promotion agency with the highest investment approvals, next to the Board of Investments and Philippine Economic Zone Authority.
This story is from the September 01, 2025 edition of The Philippine Star.
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