The British Chamber of Commerce Philippines participated in the Bases Conversion and Development Authority (BCDA) Forum titled, “Unlocking the Investment Potential of New Clark City.” This event highlighted the opportunities for foreign investors in the New Clark City, marking it as one of the remarkable economic zones in the country.
The BCDA remains one of the significant agencies in the Philippines in terms of driving economic growth through infrastructure to further improve the country’s connectivity such as in aviation, road, rail, and network. The agency also prioritizes attracting foreign businesses to generate more jobs and leverage the opportunities to invest in multiple sectors.
As noted during the presentation of the BCDA Head of Investment Promotions and Marketing Erwin Kenneth Peralta, the BCDA works closely with the UK Foreign, Commonwealth & Development Office (FCDO) as its transaction adviser and in financing projects in sustainability in New Clark City (NCC). Previously, the BCDA conducted a roadshow with the UK FCDO and UK businesses to highlight the potential of NCC to foreign investors.
BCCP Executive Director/Trustee Chris Nelson also expressed interest in closely working with the BCDA’s efforts in inviting British businesses, he noted:
“We extend our thanks to the BCDA for inviting the British Chamber along with other foreign chambers. This gave us an opportunity to share our insights on how we can leverage the Philippines as an investment destination to which the British Chamber has consistently been pushing for.”
The British Chamber sees this as an opportunity to further boost the growing British business community in Metro Manila and other strategic parts of the Philippines that is key in unlocking other areas for economic growth, with the UK-PH trade being the highest it has ever been reaching a £3.0 billion in total trade in goods and services.