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.
“With the recent investment upgrade, sound economic fundamentals and the good governance being carried out by the Aquino administration, the country is now being seriously considered as an investment haven,” Casanova said.
He noted that the Aquino administration’s efforts in curbing corruption has played a key role in increasing investors’ confidence. “We are now going towards the direction that the Philippines treats every business with fairness and transparency in a level playing field,” Casanova said adding that “good governance is good economics.
He said that the BCDA team that attended the ULI summit highlighted the various properties of the BCDA group in Bonifacio Global City, Bonifacio South, Clark Special Economic Zone that includes the Clark Green City, Clark International Airport.
Raadee S. Sausa