DOF supports partnership between BCDA, Maharlika fund to invest in Clark

The Department of Finance expects the partnership between Maharlika Investment Corp. and the Bases Conversion and Development Authority to create more jobs for Filipinos through infrastructure and development projects.

MIC president and chief executive Rafael Jose Consing Jr. and BCDA president and chief executive Joshua Bingcang signed a memorandum of understanding on April 29, 2024 that will allow the MIC to explore investment opportunities within BCDA properties, including Clark Freeport and Special Economic Zone.

Among the BCDA projects that will be explored by the MIC are the expansion of Clark International Airport; the affordable housing project in New Clark City; the Clark Integrated Public Transport System; the Poro Point Seaport Modernization program; and the Clark Central Business District.“I cannot think of a better inaugural investment portfolio for Maharlika than the BCDA’s flagship infrastructure projects within the vibrant Clark Freeport and Special Economic Zone,” Recto said.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maharlika eyes investments in Clark Freeport, New Clark CityThe Maharlika Investment Corporation is exploring possible investments in the Clark International Airport and in New Clark City projects, among others
Source: rapplerdotcom - 🏆 4. / 86 Read more »

BCDA, Maharlika fund manager sign deal to explore investment projectsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Maharlika, BCDA ink MOU for possible investment opportunitiesThe Bases Conversion and Development Authority (BCDA) and the Maharlika Investment Corp. (MIC) on Monday inked a memorandum of understanding for the two agencies to explore potential collaboration opportunities.
Source: gmanews - 🏆 11. / 68 Read more »

SC upholds ruling ordering return of Camp John Hay to BCDAThe CJH Development Corporation is ordered to vacate Baguio’s Camp John Hay and return the property to the Bases Conversion and Development Authority
Source: rapplerdotcom - 🏆 4. / 86 Read more »

BCDA raises dividend payout to gov’t to P1.1bDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

BCDA bullish on Luzon economic corridor, other projects with US, Japan endorsementDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »