Page 3 - Bases Conversion News Today

The 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.

The Maharlika Investment Corporation is exploring possible investments in the Clark International Airport and in New Clark City projects, among others

THE Department of Finance (DOF) has increased the mandated dividend remittance rate of government-owned and -controlled corporations (GOCCs) to the national treasury to at least 75 percent of their net earnings from the minimum 50 percent to improve non-tax revenue collections. Finance Secretary Ralph G. Recto told reporters in a…

THE Bases Conversion and Development Authority (BCDA) said it doubled its remittances to the government, contributing P1.1 billion in dividends in 2024 from the P527 million in 2023. In a statement on Wednesday, BCDA said it has remitted P1.1 billion in dividends to the Bureau of the Treasury (BTr), “providing…

THE State-run firm Bases Conversion and Development Authority (BCDA) remains optimistic that projects for the Luzon Economic Corridor (LWC), its vision for Clark metropolis as Asia’s next investment hub, nears fruition after Washington and Tokyo’s endorsement. A statement the BCDA issued last Monday identified these projects as the Subic-Clark Railway…

THE National Government has launched the country’s first National Fiber Backbone (NFB) project, which is aimed at increasing internet connectivity service capacity to various provinces, government offices, and data centers in the Philippines.

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing…

The Philippines said it hopes to generate around $100 billion in investments in the next five to 10 years following the Washington summit.

President Ferdinand Marcos Jr. said he wants to integrate micro, small, and medium enterprises (MSMEs), including the smallest vendors and service providers, in

Following the order of the Supreme Court (SC) to uphold the arbitral ruling ordering Camp John Hay Development Corporation (CJH DevCo) to vacate part of the Joh