The state-owned Bases Conversion and Development Authority (BCDA) said that foreign real estate developers have expressed interest in investing in the Philippines during the recently held 2nd Urban Land Institute (ULI) Asia Pacific Summit in Shanghai, China.

In a statement, BCDA President and Chief Executive Arnel Paciano Casanova who attended the ULI summit said that the word is out in the global investment community that the Philippines has achieved investment grade status and has recorded the highest gross domestic product in the region.

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