Tag: BCDA

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BCDA splits PPP tracks for Poro Point

The Bases Conversion and Development Authority (BCDA) is accelerating plans to modernize both the seaport and airport at Poro Point, pursuing separate public-private partnership (PPP) tracks to unlock the former US military facility’s potential as Northern Luzon’s next logistics and tourism gateway.

BCDA eyes P10B revenue, prioritizes jobs, reinvestment

The Bases Conversion and Development Authority (BCDA) is targeting P10 billion in revenues in 2026, pivoting from headline income growth to a sharper focus on jobs, investments, and long-term asset value, its top executive said.

Clark solar park signals manufacturing shift

A global renewable energy player is eyeing Clark as its next growth base, with plans for a 40-hectare solar renewable industrial park that could boost the Philippines’ ambition to become a hub for advanced clean energy manufacturing.

BCDA weighs new Market!Market! lease amid transit-oriented development 

The Bases Conversion and Development Authority (BCDA) is evaluating the possible renewal of Ayala Land’s lease over Market!Market! ahead of its 2027 expiration, as plans for a large-scale, transit-oriented development (TOD) in Bonifacio Global City (BGC) gain momentum alongside the Metro Manila Subway Project.

Lufthansa Technik plans major Clark MRO expansion

Lufthansa Technik is planning a USD400-million expansion of its maintenance, repair, and overhaul facility at Clark, a move expected to further strengthen the Philippines’ position as an emerging aviation services hub in Asia, according to the Bases Conversion and Development Authority.

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Gov’t to roll out P1.28B transport aid starting April 6

The government will begin distributing P1.28 billion in additional financial assistance to transport workers starting April 6, Ferdinand R. Marcos Jr. announced on Tuesday.

Puregold posts 9% profit growth in 2025

Grocery chain Puregold Price Club Inc. reported a nearly 9 percent increase in net income for 2025, reaching P11.3 billion from P10.4 billion the previous year.

PAL posts higher profit in 2025 despite industry challenges

Philippine Airlines (PAL) reported a 6.1 percent increase in net income to US$160.4 million in 2025, despite a difficult year for the global aviation industry.

DA sends trucks to address Benguet vegetable oversupply

The Department of Agriculture (DA) has deployed 18 trucks to transport excess vegetables from Benguet to major markets, including Metro Manila, following reports of oversupply affecting local farmers.

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