CL business groups back BCDA charter amendments
Several business organizations in Central Luzon have expressed strong support for the proposed amendments to Republic Act 7227, which governs the Bases Conversion and Development Authority (BCDA).
The groups believe the amendments will foster inclusive development and drive economic progress in the region and nationwide, based on the statement provided by the BCDA.
Key business associations—including the Pampanga Chamber of Commerce and Industry Inc. (PAMCHAM), Clark Investors and Locators Association (CILA), Philippine Chamber of Commerce and Industry-Tarlac (PCCI-Tarlac), Metro Angeles Chamber of Commerce and Industry (MACCI), and the Pampanga Business Development Coordinating Council (PBDCC)—have thrown their support behind the proposed changes, encapsulated in House Bill 8505 and Senate Bill 2647.
Advancing Economic Growth
PAMCHAM President Teresa David-Carlos emphasized the importance of the amendments, stating that they will pave the way for increased investments and promote economic inclusivity.
“Supporting these amendments means endorsing a future where investments will flow into our country, benefiting not just Pampanga and Region 3 but the entire nation,” she said.
PCCI-Tarlac President Aileen Uy-Chan also highlighted the potential benefits for private businesses, noting that the amendments will create numerous opportunities for investment and growth, particularly for micro, small, and medium enterprises (MSMEs).
“We look forward to the partnerships and economic opportunities these amendments will bring, benefiting all sectors—from corporations to professionals, locals to foreigners,” Uy-Chan said.
Meanwhile, PBDCC President Ronald Malicdem pointed out that extending the BCDA’s corporate term for another 50 years will support long-term housing and economic development goals, aligning with government priorities.
Inclusive Development and Housing Opportunities
According to BCDA, the business groups are particularly supportive of a provision that would allow for the conversion of portions of state-run firm’s economic zones from leasehold to freehold, enabling wider access to property ownership. This change is expected to boost the housing sector and promote inclusive development across Central Luzon.
CILA President Dr. Francisco Villanueva Jr. emphasized that inclusivity is essential for sustained economic growth.
“These amendments would address non-inclusive growth by providing housing options for workers in Clark, reducing the need for long commutes,” he said.
MACCI President Elizabeth Carlos-Timbol also added that the development of residential and mixed-use areas would support long-term public-private partnerships aimed at providing affordable housing, potentially easing congestion in Metro Manila and promoting sustainable growth in other regions.
Boosting Investor Confidence
The proposed extension of BCDA’s corporate life by another 50 years is also seen as a critical step toward creating a stable environment for long-term investments. According to David-Carlos, this stability will be vital for attracting significant investments in New Clark City, which is poised to become a hub of development and innovation.
Carlos-Timbol echoed these sentiments, stating that the amendments would ensure sustained interest from investors, supporting the country’s ongoing efforts to alleviate poverty and promote social transformation.
BCDA said business groups remain optimistic that the amendments will drive economic resilience, create jobs, and contribute to the long-term prosperity of Central Luzon and the Philippines.
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