BCDA, PEZA link up enhancing business ease in New Clark City
Art Dumlao — April 27, 2025
BCDA, PEZA link up enhancing business ease in New Clark City
Photo caption: The Bases Conversion and Development Authority (BCDA) and the Philippine Economic Zone Authority (PEZA) signed a memorandum of agreement (MOA) focused on enhancing the ease of doing business within New Clark City. Present during the signing ceremony were (right to left) BCDA Chairperson Atty. Hilario B. Paredes, President and CEO Engr. Joshua M. Bingcang, PEZA Director General Tereso O. Panga, and PEZA Acting Group Manager Rowena T. Naguit. BCDA photo
BAGUIO CITY (April 25, 2025) – State-run Bases Conversion and Development Authority (BCDA) and Philippine Economic Zone Authority (PEZA) inked a memorandum of agreement (MOA) this week seeking to further enhance the ease of doing business within the 9,450-hectare New Clark City in Capas, Tarlac in a bid to create a more business-friendly environment.
Under the agreement, PEZA and BCDA will jointly facilitate the establishment, development, and regulation of economic zones within the growing metropolis.
The partnership will also arrange capacity-building programs, encompassing training sessions and technical workshops; policy consultations; and synchronized investment promotion activities designed to showcase New Clark City's potential.
“By working hand-in-hand, BCDA and PEZA will leverage our expertise to streamline processes, harmonize regulations, and create a more seamless experience for businesses operating within the New Clark City,” explained BCDA President and CEO Joshua M. Bingcang.
Leveraging their strengths as key investment promotion agencies, both PEZA and BCDA are expected to work together to formulate and implement targeted investment attraction strategies. This includes developing comprehensive policy roadmaps to guide investment and applying impactful marketing campaigns to boost New Clark City's profile.
These efforts will be specifically designed to attract high-value industries and regional business enterprises (RBEs), encouraging them to establish a significant operational presence within the city, added Bingcang.
All investment commitments secured through this joint effort will be directly attributed to BCDA which will increase its investment portfolio, assured the BCDA chief.
PEZA Director General Tereso O. Panga beamed, this strategic division of roles capitalizes BCDA's property development and estate management expertise all while complemented by PEZA's strengths in foreign direct investment acquisition, investor retention, and its valued one-stop shop services.
“Through this partnership, [we] are proud to extend its investment facilitation mechanisms to support RBEs within BCDA-administered economic zones. By combining our institutional strengths with BCDA's vision of a smart, green, and resilient metropolis, we aim to attract world-class investors, bring in strategic investments, and create meaningful employment for Filipinos,” he added.
While BCDA Chairperson Atty. Hilario B. Paredes showed confidence in the BCDA-PEZA collaboration, noting that "BCDA will benefit from PEZA's extensive experience in the administration of ecozones and best practices in attracting and facilitating investments in the BCDA properties.”
BCDA is transforming Clark into Asia’s next smart investment destination, it said, is contributing to the Marcos administration’s Build Better More economic agenda poised to decongest Metro Manila and catalyze socioeconomic growth across Central and Northern Luzon.*
