2025 ANNUAL REPORT
Republic of the Philippines Office of the President
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
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contents
Contents FROM BASES TO BETTER LIVES
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2025 ANNUAL REPORT
2025 AN N UAL REP O RT
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FROM VISION TO BETTER GROWTH
From Bases to Better Lives
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BCDA MANILA OFFICE 2/F, Bonifacio Technology Center 31st St. corner 2nd Ave. Bonifacio Global City, Taguig City, Philippines Tel. no.: (632) 8575-1700
From Vision to Better Growth TheBCDAGroup
BCDA CLARK OFFICE 9/F, One West Aeropark Building Industrial Estate-5, Clark Global City Clark Freeport Zone 2023, Mabalacat Pampanga, Philippines Tel. no.: (6345) 599-817 www.bcda.gov.ph
FROM ZONES TO BETTER SYNERGIES
From Spaces to Better Cities
Board of Directors
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TOP MANAGEMENT
From Caring to Better Welfare
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From Zones to Better Synergies
Republic of the Philippines Office of the President
ABOUT THE Corporate COVER
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Governance
The 2025 Annual Report places people at the heart FROM IDLE SPACES of the Bases Conversion TO BETTER CITIES Development Authority (BCDA) story, shifting the focus from what we build to for whom we build. From former military Top Management base lands, a modern Management Directory FROM CARING TO urban landscape has BETTER WELFARE risen. This not only signals progress and economic development but also serves as the backdrop against which current and future Filipinos can lead BOARD OF ABOUT THE COVER better lives, in spaces that DIRECTORS are sustainable, livable, Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus turpis, dynamic, andarcu accessible. consectetur vitae laoreet ut, elementum placerat nisi. Sed id bibendum massa, id lobortis dui. Mauris ac erat ultrices, sagittis justo non, ultrices augue. Praesent sit amet velit a ex condimentum efficitur a vel erat. Nunc mattis diam tellus, vitae euismod leo porttitor ut. Proin egestas purus diam, sed bibendum ante iaculis quis. Etiam quis massa nunc.
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MESSAGE FROM THE PRESIDENT OF THE REPUBLIC OF THE PHILIPPINES My warmest greetings to the Bases Conversion and Development Authority (BCDA) as you publish your 2025 Annual Report. By transforming former military bases into engines of opportunity, the BCDA has advanced the modernization of the Armed Forces of the Philippines while creating thriving economic centers that attract investments and drive growth. Through the responsible stewardship of these properties, it has shown how sound land use can help build a stronger and more inclusive future for our nation. Your 2025 Annual Report gives form to this enduring mandate by demonstrating how meticulously designed plans are translated into real public value for the Filipino people. It is my hope that it will lay down a clear and comprehensive account of the BCDA’s progress, thereby strengthening confidence in its guardianship while affirming the importance of managing strategic assets with integrity and accountability. I trust that the BCDA’s work will remain guided by transparency, innovation, and dedication to the public good in the years ahead. Through your steadfast commitment to fulfilling your mission, we can realize our vision of a Bagong Pilipinas that is more progressive and prosperous for all.
Mabuhay and I wish you good luck on your future endeavors.
FERDINAND R. MARCOS, JR. President Republic of the Philippines
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BCDA 2025 ANNUAL REPORT
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Building for the long term TOTAL REMITTANCE FOR 2025
Php3.13B hen the Bases Conversion and Development Authority (BCDA) was entrusted with former military installations and mandated to transform them into engines of prosperity, we were not being tasked to merely manage assets. We were being tasked to build a future. Indeed, the BCDA 2025 Annual Report, with the theme “From Bases to Better Lives,” reminds us of the responsibility that comes with stewardship. ATTY. HILARIO B. PAREDES Chairperson Bases Conversion and Development Authority
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BCDA 2025 ANNUAL REPORT
MESSAGE OF THE CHAIRPERSON
“We would like to be measured not only by the revenues we generate or the ratings we receive, but by whether people’s lives have improved.” In 2025, the BCDA was ranked the sixth top-performing government-owned and -controlled corporation in the country— achieving our highest-ever. The Commission on Audit conferred its highest audit opinion upon us for the 15th consecutive year—a record that speaks to the integrity and strength of our financial management. We closed nearly Php64 billion in approved investments, including landmark transactions in clean energy, wasteto-energy, and integrated tourism and leisure. We were even recognized by the Anti-Red Tape Authority for measurable gains in process efficiency and service delivery. These recognitions are the result of discipline and consistency—of doing things right and doing things right over time. These recognitions also reflect the work and camaraderie of an entire working and efficient institution. In 2025, we intensified our efforts to strengthen the trust of the public to BCDA. We moved beyond compliance and into proactive transparency, strengthening internal controls, improving procurement and contract management systems, and digitizing key stakeholder processes. BCDA’s trustworthiness, competency, discipline and efficiency gave the investors confidence in our esteemed institution. Our ability to close major transactions in 2025—for instance, a USD4 billion waste-to-energy project and a USD5.1 billion premium golf resort—affirms BCDA’s stability and credibility as a well-governed institution.
The impact likewise extends to the Armed Forces of the Philippines (AFP). As a proud partner in AFP modernization, we have provided and continue to provide a reliable revenue stream to support the military. A portion of our remittance of Php3.13 billion in 2025 will fund the capability upgrades, equipment acquisition, and facility improvements of the Philippine military. Moreover, for the empowerment and efficiency of AFP, we build military infrastructure such as the Philippine Marine Corps headquarters in Bataan and housing facilities for the Philippine Air Force in New Clark City. The impact of what BCDA builds runs deep. Our developments attract investment. Investment drives technology and innovation. Innovation builds skills. Skills create opportunities. Opportunities sustain careers and build lasting job and income security for the community. This formula—of building from opportunity to community—is one that we have applied and proven through the years. Fulfilling our mandate requires an institution that is built to last. Under the current Board, the BCDA has institutionalized policies on transparency, accountability, and sustainability provisions in all contracts, designed to remain in force well into the future. In Camp John Hay, for instance, the Board has established an explicit policy that environmental stewardship, not revenue generation, is the primary mandate. The approved master development plan ensures that the majority of the property’s forested area is preserved for future generations. As a Cordilleran, the preservation of Baguio, designated as the jewel of the north, is something I feel strongly and passionately about.
In fact, our revenues in 2025 exceeded targets by more than 40 percent. A vital milestone, yet these numbers matter only if they have real impact to the country. We must translate this revenue into gains and tangible benefits, the effects of which extend not just to the communities around our developments, but to the region and ultimately, the entire nation.
We also recognize that what we build here must be replicable. Local government units and regional leaders have increasingly looked to our developments as models for their own growth strategies. It means BCDA’s work does not end at the boundaries of our properties, but extends as a standard for development across the country. That replicability multiplies our impact beyond BCDA’s properties.
This ripple effect has been felt throughout BCDA property, particularly in Bonifacio Global City and New Clark City. More than revenue-generating assets, these developments are designed to be inclusive, resilient urban centers that generate employment, stimulate regional economies, and boost national growth.
In the end, BCDA’s goal is stewardship. Having been entrusted with assets that belong to the Filipino people, our obligation is to convert them into opportunity—for employment, for housing, for healthcare, for education, and for a more secure nation—not just for today, but for generations to come.
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MESSAGE OF THE PRESIDENT & CEO
From bases to better lives hen I reflect on the past 33 years of the Bases Conversion and Development Authority (BCDA), I see more than a record of transformation—I see impact. As part of our mission of building great cities while helping to strengthen the Armed Forces of the Philippines (AFP), we took military baselands and created opportunity and growth out of them. The theme of the 2025 annual report, “From Bases to Better Lives,” encapsulates this. It is a story of transformation and staying true to our mission while growing our impact over time. Our strong financial performance tells the first chapter of that story. In 2025 we exceeded our Php10 billion revenue target by more than 40 percent, reaching Php14.2 billion in cash revenues. That is over 20 percent above our performance in 2024. From these revenues, about Php3.05 billion will go directly to the AFP Modernization Program, making our total contribution to the AFP since 1993 reach over Php65.8 billion. Yet revenue is simply proof that we are managing the people’s assets well and honoring our duty to our biggest stakeholder, the AFP. What gives those numbers meaning is what we do with them, what they build. In New Clark City, for instance, we are laying the foundation for a smart, sustainable metropolis, future ready by design. We are advancing renewable energy that will power the industries and communities of tomorrow. With ACMobility, we are bringing electric mobility to New Clark City and Camp John Hay. We are investing in wellness and worldclass sport through the Philippine Tennis Center and a 20-hectare sports complex in Camp John Hay that will serve athletes for generations. And we are keeping growth inclusive, with an affordable housing complex built for Filipino families. We bring the same momentum across our connectivity and infrastructure projects. These include the second runway and apron of the Clark International Airport, 4
FROM BASES TO BETTER LIVES
the New Clark City Science Park, the San Fernando International Airport upgrade, the Bangko Sentral ng Pilipinas Complex, and facilities for the Philippine Space Agency. We continue to strengthen our other economic zones as well, updating the master plan for Bonifacio Global City, redeveloping Camp John Hay, rehabilitating Poro Point, and supporting the expansion of the Subic– Clark–Tarlac Expressway. Meanwhile, our tourism and lifestyle developments are proceeding according to plan: in New Clark City, the Hann Reserve and the Sky Blue golf estate will open as scheduled; in Camp John Hay, the expansion of Le Monet Hotel in Camp John Hay is set to create 100 new jobs. These are all important, significant projects—but they are of no value to the Filipino people unless they lead to something that can be felt in daily life. More jobs. Better infrastructure. Stronger communities. A future that more Filipinos can take part in. To illustrate the impact of our work, I would not point first to runways or revenue. I would point to a family gathered around a breakfast table, where, as a result of modern road networks drastically slashing a two-hour commute to 45 minutes, the first meal of the day is enjoyable and unhurried. I would show you graduates who no longer have to leave their home province—or the country—to find work worthy of their potential; by creating world-class economic zones that attract global investments, we are bringing high-quality, high-wage jobs to where people live. Another example would be a child running in a green, open space, breathing clean air, because we have built not just another business district but a city where progress and the environment can thrive together. This is the real value of what we do—not the steel and concrete, but the friction we remove from the daily lives of Filipino families and the dignity we restore to their future.
BCDA 2025 ANNUAL REPORT
For this reason, people-centered development guides every decision we make. It begins with a single question asked of every plan, every project, and every peso invested: how does this benefit ordinary Filipinos? We listen to communities, workers, and partners as cobuilders of progress, ensuring that growth carries the imprint of the people it serves. While innovation opens doors and sustainability keeps them open, purpose is the reason behind our work in the first place. It anchors everything we do. I have been with the BCDA since its early years, and I believe our most meaningful work is still ahead of us. At the end of the day, the only legacy that truly matters is this: if we leave behind a space that is safer, more accessible, more inclusive, and more resilient than the one we inherited, then we have done our job.
“We are not just transforming land into opportunity. We are transforming opportunity into a better life—for every Filipino, and for every generation still to come.”
ENGR. JOSHUA M. BINGCANG President and CEO Bases Conversion and Development Authority
TOTAL C A SH R E V E N U E FO R 2025
Php14.2B
over 20% above our performance in 2024 FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
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BCDA 2025 ANNUAL REPORT
very opportunity created, every community strengthened, and every life improved begins with a vision of possibility—and the resolve to turn that possibility into shared progress. This is what has guided the Bases Conversion and Development Authority (BCDA) since 1992 in its work of transforming former military base lands into engines of national progress that improve the daily lives of Filipinos. By master-planning signature highdensity growth centers such as Bonifacio Global City (BGC) in Taguig and Newport City in Pasay, the BCDA has created toptier fiscal hubs that draw substantial local and international investments and provide livelihood. Beyond Metro Manila, the BCDA is shaping the future of ecodevelopment and sustainable growth through ambitious projects: In Central Luzon, New Clark City is modeling smart, green, and disaster-resilient development, integrated with sophisticated transport backbones and clean energy systems. The Clark Freeport Zone, with its green spaces and sustainable industrial development, drives long-term economic growth. The world-class Clark International Airport is an important gateway that anchors Clark as an aerotropolis. Morong Discovery Park promotes eco-tourism and nature-based development, while in Northern Luzon, Poro Point Freeport Zone advances sustainable coastal development. Through these modern, interconnected economic zones, the BCDA takes land development notches higher by establishing thriving and inclusive communities that generate high-value employment and serve as the progressive template for modern Philippine governance and urban living.
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OUR IMPACT
OUR GROWTH STRATEGIES
The BCDA’s steady efforts across more than three decades have borne remarkable fruit. In 2025, that work announced itself in bold terms: Php64 billion in investments generated, a record-high disposition proceeds and dividend remittance of Php5.33 billion to the national treasury, and recognition as the sixth top-performing government-owned and –controlled corporation in the country. Behind each of these figures is a story of Filipino lives made better, communities uplifted, and a nation steadily rising to its potential.
The BCDA has leveraged its unique position in the Philippine development landscape to drive climbing revenues, surging investments, and new city-scale projects that attract billions in capital. Behind these figures lies a deliberate, multipronged strategy built on rigorous master planning and the disciplined courting of private investment. This is how the BCDA is engineering its own next chapter.
These figures translate into thousands of jobs across industries and skill levels. It means construction workers employed for years on major projects. It means administrative staff, security personnel, service workers, and professionals finding livelihoods in newly developed economic zones. It means businesses opening their doors, supply chains being built, and entire ecosystems of commerce taking shape around BCDA development sites. For communities adjacent to these developments, the ripple effects are felt in local markets and retail stores, in the increased demand for housing and services, and in the gradual rise in quality of life on the back of sustained economic activity. This is visible, tangible impact.
BCDA Chairperson Atty. Hilario B. Paredes and PCEO Engr. Joshua Bingcang leads the turnover of the BCDA remittance to then Finance Secretary Ralph Recto.
What
Php5B
in disposition proceeds and dividend remittance can fund
2,000
or
classrooms
or
500,000
hectares of rice land supplied with fertilizer
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FROM BASES TO BETTER LIVES
250m hot meals for Filipino children
or
or
more modern weapons and better benefits for AFP
Based on Finance Secretary Ralph G. Recto’s remarks at the turnover of the BCDA remittance to the National Treasury, June 16, 2025. BCDA 2025 ANNUAL REPORT
Ha
Th
y
Reclaiming the crown jewel
e re n h turn of Camp Jo
T
he recovery of Camp John Hay in Baguio City in January 2025 is a story of renewed hope and promise. After decades under a private lease, the 247-hectare former American rest and recreation base is now back under the BCDA’s purview.
in investment from local and international backers. The growing roster of local businesses and new lease deals keeps adding momentum, and over 95 percent of Camp John Hay’s homeowners have signed fresh contracts with the BCDA.
BCDA is now looking ahead: a Php10 billion investment target, 70 hectares of untapped land opening up to private development, and a master plan—inspired by the success of BGC and New Clark City—designed to protect Baguio’s forests and open spaces while creating jobs and opportunities for the local An outpouring of confidence followed. Within two community. From courtroom to community asset, months of recovering the property, the BCDA signed the Camp John Hay story is shaping up to be one of 75 lease agreements, drawing more than Php1 billion the BCDA’s clearest wins yet. FROM BASES TO BETTER LIVES BCDA 2025 ANNUAL REPORT 9 In October 2024, the Supreme Court upheld an arbitral ruling in full, ordering the return of the entire property, including all permanent improvements on it, to the BCDA.
Reimagi
nin
gB
W
onif a c io G l o
hile Camp John Hay represents a recovery of lost ground, the BGC master plan refresh stands for the rethinking of a mature success. Developed in partnership with Ayala Land and the Campos group on the former Fort Bonifacio military reservation, BGC has grown into a premier central business district. Home to the Philippine Stock Exchange, multinational corporate headquarters, luxury retail, and some of the country’s tallest towers, BGC is by any measure a development triumph.
y t i C l ba
improvements, and active mobility. Critically, it will align BGC’s development framework with transit-oriented development principles, connecting land-use planning with existing and planned transport systems in a city long criticized for being car-centric. The plan will also review and strategically optimize density to ensure that development intensity does not outpace infrastructure capacity, and to unlock the value of underutilized parcels. The goal is not simply to maintain BGC’s attractiveness to high-end investors, but to ensure it evolves into a district that serves workers, residents, and visitors across all income brackets.
Success has brought its own challenges. More than two decades after the original master plan was established, the BCDA is moving decisively to address these The BGC master plan revision is, in essence, a bet that challenges through an updated master development plan. proactive planning today will protect and expand The scope of this refresh is visionary. The updated plan the asset’s value for decades to come—a recognition will integrate contemporary urban planning principles FROM BASESon TO public BETTER LIVES BCDA 2025 ANNUAL REPORT with 10 a strong emphasis spaces, streetscape that the city-building work is never truly finished.
B
e h n t e g x n i t d l i m u
Investment momentum in New Clark City
etro
I
f Camp John Hay is the BCDA’s recovered jewel and BGC its polished flagship, then New Clark City is its boldest gamble, and increasingly, its most promising one. The metropolis is conceived as a relief valve for Metro Manila’s congestion, planned and designed from the ground up with smart infrastructure, green spaces, and mixed-use development. The investment numbers in 2025 were striking. In the first quarter of 2025 alone, the BCDA facilitated Php7.47 billion in approved investments in New Clark City. Employment generation from these investments is projected to reach hundreds of thousands of jobs—underscoring the city’s potential as a genuine economic center rather than a suburban satellite.
This is how lives are transformed, from former military base lands.
THE BIGGER PICTURE For the BCDA, development is not measured solely in roads, buildings, or industrial estates. It is measured in their impact on the Filipino—in lives expanded by opportunity, communities connected to prosperity, and a future where growth reaches more people. FROM BASES TO BETTER LIVES
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ON E CL A R K
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One Clark—a unified development framework that integrates the major economic, administrative, and logistical zones in Central Luzon into a single, cohesive powerhouse—is a cornerstone of the Philippines’ modern development strategy. By leveraging the Clark Freeport Zone, the Clark Aviation Capital, and New Clark City, One Clark serves as a vital macroeconomic catalyst designed to decentralize economic activity, redistribute wealth, and establish an alternative, resilient capital in Central Luzon. Ultimately, One Clark balances economic dynamism with environmental stewardship, proving that the Philippines can achieve rapid industrialization without compromising the ecological welfare of future generations.
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SOARING TO NEW HEIGHTS
Clark International Airport (CRK) continues to redefine and uplevel air travel in the Philippines. An improved passenger experience starts at the moment of arrival. Departing passengers do not have to wait in line to have their bags screened before entering the terminal; instead, a thorough security check is done after check-in. This cuts queues outside the airport and aligns CRK with standard practice at international airports elsewhere. Passengers breeze through to the check-in hall, where they can check in at the counter or use self-service kiosks and bag drop.
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BCDA 2025 ANNUAL REPORT
ONE CLARK From the main entrance to the boarding gate, the whole process should not take more than 30 minutes.
wishers accompanying a passenger are welcome inside, where they can share a meal or coffee at one of CRK’s restaurants.
Arriving passengers get the same efficiency—disembarking, collecting luggage, and clearing customs in about half an hour. From there, point-to-point buses connect CRK to Ninoy Aquino International Airport (NAIA) in Manila, to Quezon City, or north to Baguio.
Getting to and from the airport is improving as well. The CRK Direct Access Link, connecting CRK directly to the North Luzon Expressway via the Subic–Clark–Tarlac Expressway, is designed to cut travel times and increase accessibility, strengthening Clark’s appeal to investors.
These 30-minute timelines are part of the minimum performance service standard set by the Luzon International Premiere Airport Development Corporation, which operates and maintains the airport. To help meet these targets, queue times are closely monitored during peak hours, which are before 11:00 A.M. and near midnight. Aside from catering to the comfort and convenience of its passengers, the terminal also honors a Filipino custom: well-
6 TIMES CRK TOOK THE WORLD STAGE With a list of awards and growing international recognition, CRK has come into its own.
These have made travelers sit up and take notice. CRK’s traffic grew 14 percent in 2025, reaching about 2.75 million passengers—reinforcing its role as a practical alternative to the more congested NAIA. Cargo operations have expanded alongside it, with global logistics firms growing their presence to serve the region’s supply chain.
Less than 30 minutes from arriving at CRK to check-in, immigration, and the boarding gates—that speed is unprecedented in my experience at any Philippine airport. It’s the top reason I always choose CRK when I fly. — Jan Darren Guinan CRK frequent traveler
With traffic climbing, global recognition rolling in, and expansion in the pipeline, CRK continues to soar, securing its place as the Philippines’ airport of the future.
EDGE Certification, 2025 First in the Philippines, second worldwide, for Excellence in Design for Greater Efficiencies (green terminal design) Level 1 Airports Council International (ACI) Airport Customer Experience Accreditation, 2025 Met global service benchmarks Best Airports at Arrivals Globally, 2025 One of six airports worldwide honored in ACI World’s Airport Service Quality Awards FROM BASES TO BETTER LIVES
Prix Versailles Finalist, 2021 Named among the top six in UNESCO’s global architecture awards Prix Versailles Laureate, 2023 Joined the World’s Most Beautiful Airports list International Airport of the Year Philippines, 2024 Won at the Travel Daily Media Travel Trade Excellence Awards Asia
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CRK has transitioned from a regional alternative to airports in the National Capital Region into the foundation of a selfsustaining, multimodal aerotropolis. As a central pillar of the Luzon Economic Corridor, the airport successfully integrated recordbreaking operational growth, transformative infrastructure milestones, and major foreign direct investments to fundamentally reshape the landscape of Philippine aviation and logistics. The growth of CRK is anchored by a multibillion dollar expansion of global logistics gateways, transforming how goods move across the region. Federal Express Corporation (FedEx), which has been doing business in the Philippines since 1984, is
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ONE CLARK
poised to expand and upgrade its gateway in Clark after signing an agreement in 2024 with Luzon International Premiere Airport Development (LIPAD) Corporation, CRK operator and manager. Developed in partnership with Robinsons Land Corporation, the modernized facility will swell to over 78,000 square meters, integrating advanced sorting systems for heavy freight, express, and e-commerce, while incorporating sustainable features like solar power and electric vehicle charging infrastructure. United Parcel Service (UPS) also signed a partnership agreement with LIPAD in 2024 for its expansion. Construction on its next-generation sorting hub began in 2025; the facility is expected to be operational in 2026. To prime this network, UPS applied for six weekly cargo flights utilizing Boeing 767 freighters to directly connect Hong Kong and Clark, aggressively expanding the country’s crossborder trade capabilities. Aside from providing job opportunities to the locality and serving as an economic stimulus to the region, the expansion of FedEx and UPS aligns with the vision of the Bases Conversion and Development Authority, Clark Development Corporation, Clark International Airport Corporation, and LIPAD to transform CRK into a global civil aviation logistics hub for international cargo. This air cargo dominance is further amplified by its integration into the North–South Commuter Railway (NSCR) project. The Malolos–Clark segment features a dedicated underground station directly beneath the CRK passenger terminal. Once fully operational, the NSCR will deploy the Philippines’ first-ever airport express train, running at speeds of up to 160 kilometers per hour and slashing travel times between downtown Metro Manila and CRK to just one hour. By unifying elite aerospace manufacturing, heavy global freight handling, rapid rail connectivity, and award-winning passenger experiences, the CRK has come into its own as the beating heart of modern Philippine economic infrastructure—a master-planned asset uniquely equipped to drive sustainable growth and withstand the global supply chain challenges of the future.
FUTUREPROOFING CRK To keep pace with compounding traffic and secure long-term operational resiliency, the BCDA achieved a critical infrastructure breakthrough in officially awarding a Php206.9 million detailed engineering design contract for CRK’s second runway to a joint venture of Schema Konsult Inc. and South Korea’s Yooshin Engineering Corp. Designed to provide vital operational redundancy, this second runway ensures uninterrupted 24/7 aviation activity during routine maintenance or unforeseen airside disruptions. By systematically upgrading taxiways, aprons, and airside utilities alongside the Department of Transportation, CRK is actively scaling its capacity to increase hourly flight movements and optimize aircraft turnaround times.
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ONE CLARK
SERVING UP A NEW VISION The Clark Freeport Zone is emerging as a popular food destination, anchored by premium commercial real estate and powered by diverse talent. From Kapampangan heritage dishes and Filipino comfort food to fusion cuisine and international buffets, Clark’s world-class culinary offerings prove that this dining scene is alive and well.
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TITO BOY REIMAGINES AND UPLEVELS THE FAMILIAR Conceived by celebrated Pampangabased Chef Bong Sagmit, Tito Boy is more than a restaurant—it’s a showcase of nostalgia, character, and elevated comfort food, built around a fictional, well-traveled, well-intentioned uncle with a hearty appetite. Every menu and design decision passes one test: “Would Tito Boy approve?” What began as a simple fried chicken-and-burger concept evolved rapidly once Chef Bong’s team let their imagination run, guided by experimentation and a strict commitment to fresh, “in-themoment” ingredients. The result is global comfort food refined by highend technique: sisig croquettes turn
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BCDA 2025 ANNUAL REPORT
Kapampangan sisig into a crispy, refined starter; miso mushroom pasta tosses shimeji mushrooms in a rich miso butter sauce; a generously sized one-inch pork chop comes classically prepared with horseradish and tart apples; and for celebratory diners, tender beef Wellington and lengua served over ox-tongue drippings cooked arroz showcase serious technical range. Moving his home and business to Clark freed Chef Bong from Metro Manila’s grind—these days he bikes to work and for errands, thanks to the safe, wellzoned streets. That newfound freedom has fueled his creativity, with more to come from Tito Boy.
ONE CLARK Tucked inside Swissôtel Clark, The Canyon offers more than a cup of coffee—it’s an experience. This experiential café serves a customizable coffee journey featuring six premium origins from the Philippines, Italy, Colombia, Vietnam, Ethiopia, and Brazil. Baristas work behind world-class Elektra, Modbar, and Nitro brewing systems, expertly executing modern, traditional, and cold brewing method.
COFFEE MEETS CRAFT AT THE CANYON
The space itself sets the mood: warm, stone-crafted interiors evoke the feel of a canyon, offering guests a tranquil retreat from the bustle of the Clark
Housed in a thoughtfully restored barn structure in Clark Freeport Zone, Consuelo by Chef Vince Garcia is a love letter to Kapampangan cuisine. The name itself, derived from “paconsuelo,” or comfort, sets the tone for what awaits inside: an ancestral houseinspired interior filled with classic wooden Filipino furniture, intricate carvings, and the gentle hum of music that transports diners to a simpler, more nostalgic time. The menu, crafted by Chef Vince (also behind Chef Baboy and Rainforest Kitchen) leans fully into tradition.
MARIO’S FINDS A NEW HOME IN CLARK
Freeport Zone outside. This, according to manager Paolo Rosello, is perfect for “lifestyle seekers” among coffee and wine lovers, and is in keeping with the Clark’s ethos because “it’s versatile, elevated, and inclusive.” But The Canyon doesn’t stop at sunset. By night, the café transforms into an intimate wine bar, seamlessly shifting from beans to vines. It’s this duality— caffeine-fueled mornings giving way to relaxed evening pours—that makes The Canyon a standout stop for travelers and locals alike.
Standouts include an expertly balanced kare-kare, fried hito with buro, smoky pork sisig, and derang manuk, a grilled chicken dish paired with sweet atsara. Portions are generous, meant for sharing among family and friends. Desserts like keso de bola cheesecake and sips such as batirol and chocnut latte round out the experience.
CONSUELO HONORS TRADITION
According to the restaurant’s own team, every dish that leaves the kitchen is prepared and presented with deliberate care, meant to reflect consistency, quality, and authentic Filipino hospitality in every serving.
Fifty years after debuting on Baguio’s Session Road, Mario’s Restaurant has planted its third Philippine branch inside Clark Freeport Zone, occupying Barnhouse 2084, joining existing locations in Quezon City and Baguio. The move followed a lease agreement between Clark Development Corporation and Marcon Food Industries Inc., bringing the restaurant’s celebrated Spanish fine dining to a new generation of diners. The menu carries over classics like paella, callos Madrileña, and lengua con setas, alongside catering and event services. FROM BASES TO BETTER LIVES
The restaurant’s roots trace back to founders Mario and Nenuca Benitez, whose children now manage the brand. Reflecting on the family’s direction, co-owner Fil Benitez has described wanting to grow the Mario’s Group into a restaurant management group operating multiple food brands, extending well beyond the original Baguio dining room.
That same spirit of expansion and hospitality now anchors the Clark branch, where the aroma of Spanish-Filipino comfort food fills a space built for both quiet lunches and lively celebrations—proof that the 50-year-old Mario’s legacy still has room to grow. BCDA 2025 ANNUAL REPORT 19
ONE CLARK
New Clark City CONNECTED. VIBRANT. RESILIENT. Rising some 95 kilometers north of Metro Manila, New Clark City serves as the country’s premier blueprint for a smart, green, and resilient metropolis. By deliberately turning away from the traditional, car-centric urban growth, the BCDA master plan strategically targets the four pillars of modern urbanism: sustainability, livability, dynamism, and accessibility.
9,450 ha
54 meters
60%
40%
Php274.53B
100,000+
land area
above sea level minimum elevation
green and open spaces
pledged investments
20
buildable area
jobs to be generated
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BCDA 2025 ANNUAL REPORT
Sustainability
Livability
Dynamism
Accessibility
The design of New Clark City respects the natural landscape. To ensure resource independence as a disaster-resilient backup national administrative hub, the city utilizes sustainable urban drainage systems. Clean energy initiatives reinforce this infrastructure, anchored by a planned 500-megawatt solarplus-storage project.
Livability is grounded in the Filipino concept of maaliwalas—breezy, uncluttered, bright spaces that depart from the congestion of older cities. New Clark City brings this concept to life through open, integrated districts. Here, the essentials of a thriving community are within easy reach, making it possible to not only live well today, but also live ready for tomorrow.
Leisure, recreation, and events bring not only balance but vibrancy, drawing people together and creating experiences worth coming back for. Worldclass venues pulsate with an active calendar of sports, concerts, and other activities that energize this growing metropolis. More than just a premier destination for events, New Clark City fosters a community that is dynamic and connected.
New Clark City connects to the Subic–Clark–Tarlac Expressway (SCTEX) and the newly expanded Clark International Airport (CRK), with the upcoming North–South Commuter Railway and the Subic–Clark Railway. More than physical accessibility, the city’s robust digital backbone enables reliable connectivity for residents and locators alike. This combination expands possibilities and brings New Clark City to the world.
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
21
ONE CLARK
SUSTAINABILITY
From waste to watts 4 ha
initial area
USD70M total investment
600MT solid waste capacity
Artist’s render of the proposed WTE facility in New Clark City
What if a city’s mounting trash problem could be transformed into the very electricity that lights up its streets at night?
clean baseload electricity—enough to power over 10,000 households. The system meets both local standards and global climate mandates.
In the heart of the country’s premier green metropolis, the BCDA has secured a landmark Php4 billion (USD70 million) waste-to-energy (WTE) investment with Indian engineering giant Uttamenergy Limited, a key takeaway from President Ferdinand R. Marcos, Jr.’s state visit to India. The agreement establishes the Philippines’ most advanced WTE facility in Capas, Tarlac.
Beyond environmental gains, the project will generate 300 construction jobs and over 100 full-time technical positions, while stimulating local supply chains in logistics, maintenance, and recycling.
Designed as an environmental shield for Central Luzon, the high-tech facility will divert 600 metric tons (MT) of municipal solid waste daily, converting it through low-emission thermal combustion into 12 megawatts of 22
FROM BASES TO BETTER LIVES
The project is driven by a powerhouse international consortium comprising Uttamenergy, Global Heavy Equipment and Construction Corporation, and ATD Waste-to-Energy Corporation. By converting waste into grid-ready power, this facility directly supports the Philippine Energy Plan and the Extended Producer Responsibility Act.
BCDA 2025 ANNUAL REPORT
ONE CLARK
Solar rewires the future 38.81 MWp
total capacity
BOOSTING CLEAN ENERGY USD33M project cost
On April 11, 2025, a ceremonial shovel hit the ground, drawing a clear line between the region’s agricultural roots and its high-tech, climate-resilient future. Sindicatum C-Solar Power Inc. (SCSPI), a subsidiary of Singaporebased renewable energy developer Gurīn Energy Pte. Ltd., officially broke ground on the Capas Solar Power Project. The sheer scale of the facility is designed to meet the immediate, practical demands of a booming economic zone. Upon its completion, the plant will boast a total capacity of 38.81 megawatts peak (MWp). To deliver this clean power where it is needed most, the facility will hook directly into the National Grid Corporation of the Philippines’ substation in nearby Concepcion, Tarlac, via a dedicated 69-kilovolt transmission line. The project represents a tangible economic lifeline for the host community. True sustainability is not just about environmental preservation; it requires economic viability for the people living on the ground.
Photo reference of the ACWA Power facility in New Clark City
New Clark City’s master plan prioritizes green infrastructure, climate resilience, and resource efficiency. To align with this, the BCDA is moving forward with strategic partnerships for renewable energy and is set to finalize an agreement with Saudi green energy titan ACWA Power. The goal is a clean energy complex designed to deliver reliable, highly affordable power directly to New Clark City. Beyond immediate utility savings, this move marks a concrete step toward long-term energy independence. For international corporations and tech locators, this translates into a major competitive advantage: a climateresilient power grid that slashes carbon footprints while driving down operational costs. Through this project, the BCDA positions New Clark City as the heart of renewable energy in Central Luzon.
Photo reference of the Capas Solar Power Project
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
23
ONE CLARK A city cannot thrive on economic ambition alone; its true heartbeat lies in the people who build, maintain, and run it. LIVABILITY
Housing For All
24
FROM BASES TO BETTER LIVES
On July 10, 2025, the BCDA shifted the spotlight directly back to the people. Breaking ground on a flagship affordable housing development within New Clark City, the agency marked a concrete milestone in the implementation of President Ferdinand R. Marcos, Jr.’s signature Pambansang Pabahay Para sa Pilipino (4PH) Program. Launched in partnership with the Department of Human Settlements and Urban Development and a highcaliber consortium of local giant Sta. Clara International Corporation and South Korea-based Saekyung Unitless Co., the project addresses the nation’s housing backlog
BCDA 2025 ANNUAL REPORT
ONE CLARK not with a temporary fix, but with leading-edge, inclusive urban engineering. The scale of the project redefines what affordable housing can look like in the Philippines. Spread across a meticulously planned 5.84-hectare community, the development will eventually scale up to a massive inventory of over 3,400 residential spaces housed across modern, breezy mid-rise buildings. Dedicated green parks, open recreational areas, sports facilities, and integrated commercial retail zones will be part of the complex. This environment is ideal for any family, and also provides a strategic housing option for the nation’s uniformed personnel, allowing them to secure a home located within close proximity to their official places of duty.
“This is a real and tangible step forward in our collective pursuit of a new Philippines— Bagong Pilipinas—where housing is a right, not a privilege.” – Engr. Emmanuel D. Pineda Undersecretary for Freeport Economic Zones Department of Human Settlements and Urban Development
5.84 ha TOTAL AREA
840
HOUSING UNITS INITIAL PHASE
Artist’s render of the affordable housing development in New Clark City
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
25
ONE CLARK Phase 2
91.8%
constructed as of end-2025
LIVABILITY
Building Tomorrow’s champions The National Academy of Sports (NAS) marked an important milestone in 2025 with the graduation of its pioneering batch of student-athletes. While construction work proceeded on key campus facilities, the NAS continued to provide quality second education with a sports curriculum providing training in aquatics, athletics, badminton, gymnastics, judo, table tennis, taekwondo, and weightlifting. This holistic approach combines academic excellence with world-class sports training to prepare the next generation of Filipino champions.
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FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
5 ha
total land area Phase 2
• sports performance building • gymnastics hall with multipurpose covered court • staff residences • site development and fitout including finishes and installations
Artist’s render of the Philippine Science High School in New Clark City
Stem learning in New Clark City
The Philippine Science High School System continues to thrive, with the construction of its 17th campus ongoing. The Infinitum campus will feature an advanced STEM learning and research center for senior high school students and professionals.
Artist’s render of the University of the Philippines in New Clark City
Leveling up Education
The University of the Philippines (UP) is building a modern academic hub, the 3.4-hectare UP–New Clark City Satellite Campus—the first of two campuses of the UP system to be housed in the metropolis. It will be the main headquarters of the UP Open University, and the satellite site of the UP Manila Philippine General Hospital, the National Institute of Health and College of Medicine, and the UP Diliman College of Engineering. FROM BASES TO BETTER LIVES
Anchoring THE FUTURE Workforce New Clark City is steadily gaining a reputation as a premier academic and innovation hub with the establishment of the Tarlac Community College. Under an agreement between the BCDA and the Provincial Government of Tarlac, the BCDA will strategically carve out the five-hectare property within the city’s master-planned academic district, while the provincial government will helm its financing, physical development, and curriculum design—which will be aligned with the technical requirements of the factories, research facilities, and global logistics hubs across the metropolis.
BCDA 2025 ANNUAL REPORT
27
ONE CLARK
LIVABILITY
A modern healthcare hub
Phase 1
• administration building • lecture hall • human and animal virology laboratory • biosafety level 3 and 4 laboratory building • animal isolation • plant cultivation area • dormitory • powerstation • sewage treatment plant
Artist’s render of the Virology and Vaccine Institute of the Philippines
Modern medical infrastructure is vital to a worldclass metropolis. To put medical care within reach of everyday citizens, the BCDA has partnered with the Municipal Government of Capas to build a one-hectare mega health center inside New Clark City. This development showcases multi-tiered government collaboration: the BCDA provides the land, the Department of Health funds the project, the Department of Public Works and Highways manages construction, and the Capas local government will spearhead longterm operations.
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FROM BASES TO BETTER LIVES
Adding to this healthcare network is the Virology and Vaccine Institute of the Philippines (VIP). Located on a five-hectare complex within the National Government Administrative Center, this priority facility will serve as the country’s premier research hub for human, animal, and plant viruses. Managed alongside the Department of Science and Technology, the VIP will feature advanced Biosafety Level 3 and 4 laboratories, significantly boosting national pandemic preparedness and vaccine self-reliance. The complex complements the city’s pioneer medical anchor, the UP–PGH Sports Medicine and Wellness Center. Together, these facilities establish New Clark City as a healthcare hub for Central Luzon.
BCDA 2025 ANNUAL REPORT
New Clark City water supply facilities
Minting a new center of growth
A dedicated network of deep-well pump stations
2.6M
A thriving city is built not only on homes, schools, and workplaces, but also on institutions that provide growth and stability for generations to come. In July 2025, the Bangko Sentral ng Pilipinas moved closer to establishing its new security complex in New Clark City following the approval of its detailed development plan. Spanning 31.3 hectares, the project is expected to bring new economic activity to Central Luzon. Construction and future operations will generate employment opportunities while creating demand for housing, retail, transportation, and public services. The facility represents one of the country’s most significant decentralization initiatives by relocating critical central bank operations to a more secure, future-ready environment.
31.3 ha
LEED-certified target for sustainability and energy efficiency
total land area
Artist’s render of the Bangko Sentral ng Pilipinas in New Clark City
liters per day capacity
Supplies clean, high-pressure water to premier leisure locators, including the Hann Reserve project and the Sky Blue New Clark City Golf and Resorts Corp.
100%
completed as of end-2025
New Clark City Underground Utilities Phase 1
22.62
8.02 km
9.79 km
6.23 km
information and communications technology (ICT) line
sewer lines
water lines
power lines
10.74%
constructed as of end-2025
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
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ONE CLARK
DYNAMISM
A powerhouse partnersHIP
The BCDA has signed a 50-year lease agreement with industrial estate leader Science Park of the Philippines Inc. (SPPI) to develop a 100-hectare industrial park inside New Clark City.
100 ha
total land area
Backed by a Php30 billion investment commitment from SPPI and its future locators, the project is a major leap forward for national progress. It targets the creation of approximately 30,000 new jobs across high-impact sectors— including semiconductors, and electric vehicles—while generating an estimated Php1.9 billion in income tax revenues for nation-building projects. This world-class ecozone leverages SPPI’s expertise in developing sustainable, eco-friendly industrial estates that attract elite multinational enterprises. By integrating advanced infrastructure with eco-conscious
30
Php30B
total investment
30,000
jobs to be generated
design, the partnership transforms Capas, Tarlac, into a premier global manufacturing destination, strengthening local supply chains and securing long-term economic resilience for the entire region.
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
PhilSA is transitioning to its permanent headquarters in New Clark City after securing a 50-year lease within the National Government Administrative Center. The agency is developing its main administrative hub and the National Space Center on a onehectare property, with a 30-hectare allocation designated for advanced long-term aerospace research and operational infrastructure. [FAST FACTS / INFOGRAPHICS –
Artist’s render of the 100-hectare SPPI Industrial Park in New Clark City FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
31
ONE CLARK
DYNAMISM
Reaching for the stars
Established under Republic Act No. 11363, the Philippine Space Agency (PhilSA) centralizes the nation’s space science, technology, and applications. The agency focuses on leveraging satellite data for environmental monitoring, maritime domain awareness, and disaster risk management. Currently operating in Quezon City, PhilSA is transitioning to its permanent headquarters in New Clark City after securing a 50-year lease within the National Government Administrative Center. The agency is developing its main administrative hub and the National Space Center on a one-hectare property, with a 30-hectare allocation designated for advanced long-term aerospace research and operational infrastructure.
30 ha
total land area
Artist’s render of the Philippine Space Agency in New Clark City
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FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
ONE CLARK
Serving a new era for Philippine tennis Philippine tennis is finally getting a top-tier home base. Moving to solidify New Clark City’s reputation as the ultimate crucible for Filipino athletic talent, the BCDA has joined forces with the Philippine Tennis Association (PHILTA) to build the new 10-hectare Philippine Tennis Center within the rising smart metropolis. The facility will be engineered to adhere strictly to international tournament standards, providing local athletes with the exact court speeds, surfaces, and training technologies they will face on the global stage. The arrival of the national tennis facility marks another major victory for New Clark City’s sports ecosystem. By adding a gold-standard tennis infrastructure to this lineup, the partnership aligns directly with the Philippine Development Plan 2023–2028, which explicitly targets positioning the country as an Asian hub for sports, wellness, and high-impact tourism.
FROM BASES TO BETTER LIVES
“The perfect place to build this facility is no other than New Clark City because of our shared vision for sports tourism.” – John Rey M. Tiangco Secretary General PHILTA
BCDA 2025 ANNUAL REPORT
33
ONE CLARK
Artist’s render of The Vista Country Club New Clark City
DYNAMISM
A masterstroke for luxury leisure
The BCDA has secured a landmark Php5.1 billion agreement with Korea Real Estate Investment and Trust (KOREIT) Asset Management, one of South Korea’s premier real estate investment firms, and Sky Blue New Clark City Golf and Resort Corp. to create a premium golf course and residential villa estate within the smart metropolis. Developed and managed through KOREIT’s specialized Philippine subsidiaries, Eagle-K GC Corp. and Eagle-K RV Corp., the project will inject 1,200 direct and indirect jobs into the local workforce. Beyond its appeal to international golfers, the development is a major win for inclusive regional growth. The estate directly supports New Clark City’s broader mandate to blend sustainable urban design with lucrative commercial and tourism hubs.
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FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
Php5.1B
total investment
1,200
direct and indirect jobs
77 ha
for an 18-hole championship golf course and clubhouse
ONE CLARK “It’s not just about creating world-class golf courses but leaving a lasting legacy for the Philippines through education, sustainability, and excellence.”
Toward golfing excellence The BCDA and Hann Philippines are redefining luxury tourism with Hann Reserve, a massive 450-hectare eco-luxury lifestyle estate in New Clark City. Anchored on a vision of sustainability and sporting prestige, the development is set to launch the breathtaking Dragons Landing—an 18hole mountain links course crafted by Nicklaus Design—alongside a premier clubhouse and public park spaces. As the official home of the Professional Golfers Association of America in the Philippines, Hann Reserve is establishing a premier global standard for golf. Future phases will introduce the Six Moons course by K.J. Choi and a river layout by Sir Nick Faldo, complemented by ultra-luxury hospitality anchors like Banyan Tree and InterContinental. By seamlessly pairing elite amenities with climate-resilient water management and indigenous landscaping, Hann Reserve elevates Central Luzon into a frontrunner for premium global sports and leisure.
FROM BASES TO BETTER LIVES
– Tim Neil General Manager Hann Reserve
450 ha
total land area
18-hole
Dragons Landing mountain links course by Nicklaus Design
Premier clubhouse
and public park spaces
BCDA 2025 ANNUAL REPORT
35
ONE CLARK
The winning grounds
36
New Clark City further strengthened its reputation as the Philippines’ premier sports hub by hosting a diverse lineup of national and international competitions, from football matches and multisport festivals to swimming and athletics events. With its world-class sports facilities and athlete-centered infrastructure, the city continues to serve as a preferred venue for elite competition, training, and sports tourism, reinforcing its role as a catalyst for Philippine sports development.
FROM BASES TO BETTER LIVES
Central Northern Luzon Cordillera Swimming Coaches Association Swimming Events Capas Half Marathon State Colleges and University Athletics Association Regional Games Go for Gold Criterium Race ONSEMI Fun Run NCAA Season 100 Track and Field Championship
Red Bull Cliffdiving Camp Tour of Luzon Stage 5 & 6 GoRacePh Multisport Festival Cabalen Ultramarathon Respect The Distance Tarlac Three-Quarter Marathon Church of God: Run to Win Capas 32KM Challenge Phoenix Kids Philippines Triathlon and Duathlon Asian Open Schools Invitation Philippine Leg
2025 Asian Football Cup Qualifiers
UAAP Season 88 Swimming and Athletics Championships
NAS Athletics Championship
La Liga Youth Tournament
Central Luzon Regional Athletic Association Meet
Department of Agriculture Region III Run For Rice
The ICTSI Philippine Athletics Championships
First Milo National Interschool Short Course Swimming Championship
Go Clark Gran Fondo CRK
6th BSP Sprint Triathlon
AFC Champions League Two
International Youth Football Festival
BCDA 2025 ANNUAL REPORT
Building better BENEFITS for all
ONE CLARK
Building never stops for BCDA, whether in infrastructure, people, or partnerships. In 2025, Clark strengthened its presence on the local and global stage, turning investment opportunities into lasting benefits. Through strategic engagements, BCDA continued to transform opportunities into developments that benefit Filipinos.
OUTBOUND MISSIONs 1
11
Routes Asia 2025
Australia | March 24-29, 2025 5
2 CREATE MORE Roadshow South Korea and Taiwan April 7-11 and 23-26, 2025 3 World Smart City Expo South Korea | July 14-17, 2025 4 Global Infrastructure Corporation
Conference 2025
South Korea | September 15-20, 2025 5
Routes World 2025
Hong Kong | September 22-27, 2025
6 Business Mission to Lisbon, Portugal Portugal | October 8-16, 2025 7 Smart City Expo World Congress Spain | November 2-9, 2025 8 Central Luzon Roadshow
13
3
18
Japan | November 27-30, 2025
INBOUND MISSIONs
13 Visit of the Ambassador of the
19 Meeting with Acciona October 18, 2025
9 Vision for New Clark City:
14 Japan Bank for International
20 Collaboration Discussion
Developments, Prospects, and Needs in Building a Smart and Green City | February 19, 2025
10 Visit of NAACC Team Korea to the Philippines | February 25-26, 2025 11 Visit of Sweden’s Secretary of State Her Excellency Diana Janse to New Clark City February 26, 2025
12 The Australian Trade and
Investment Commission: Technology Innovation Mission to the Philippines | February 27, 2025
Republic of Korea to the Philippines to New Clark City | March 10, 2025 Cooperation visit to Camp John Hay | April 11, 2025
15 Investment briefing and
tour of Largan Precision Co. Ltd. | May 5, 2025
16 Haeahn Architecture inbound mission | May 23, 2025 17 Meeting with ArkSolar May 23, 2025
with Team Sweden October 30, 2025
21 Mouvement des Enterprises
de France International Investment Briefing November 4, 2025
22 One Top Medical Systems
OPC & SK Telemed Investment Briefing and New Clark City Tour November 7, 2025
Galician Naval Cluster 23 Association Investment Inbound Mission and Investment FROM BASES TO BETTER LIVES Forum | November 37 19, 2025 Briefing | August 7, 2025 BCDA 2025 ANNUAL REPORT 18 Embassy of Hungary Manila
ONE CLARK ACCESSIBILE
Accessibility makes New Clark City a highly interconnected regional economic driver. Physically, the city connects to the Subic–Clark–Tarlac Expressway (SCTEX) and the newly expanded Clark International Airport (CRK), with mass transit systems— including the upcoming North–South Commuter Railway and the Subic–Clark Railway—expected to bridge the distance to Metro Manila and nearby maritime ports. But accessibility is more than physical. New Clark City’s robust digital backbone enables reliable connectivity for residents and locators alike. This combination brings New Clark City to the world.
ACCESSIBILITY
38
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
ONE CLARK
NLEX AND SCTEX LINK
2
major expressways that link Metro Manila to Northern and Central Luzon
190
kilometers from NLEX to SCTEX
BANGKO SENTRAL NG PILIPINAS ACCESS ROAD Concrete highway fitted with linear parks, bicycle lanes, and modern stormwater drainage
730
meters
4
lanes
CONNECTOR ROAD FROM MCARTHUR HIGHWAY TO THE NEW CLARK CITY–AIRPORT ROAD
4
kilometers
4
41.24%
constructed
100%
complete
lanes
NEW CLARK CITY CONNECTING ROAD PACKAGE 2 Links the industrial area with the BSP Complex and the Virology and Vaccine Institute of the Philippines
10.10
kilometers
2
43.48%
constructed
lanes
AIRSIDE ACCESS ROAD AT CLARK INTERNATIONAL AIRPORT Links Terminal 1, Terminal 2, and nearby logistics structures
1
kilometer
2
lanes
ONE CLARK BOULEVARD
19.8 km 85.12%
constructed
total length
6
lanes
Php8.66B total project cost
FROM BASES TO BETTER LIVES
ALLIANCE WITH META LIGHTS UP PH NATIONAL BROADBAND BACKBONE To accelerate the National Broadband Plan, the BCDA and the Department of Information and Communications Technology (DICT) are preparing to fully activate a massive, two terabitper-second (Tbps) international bandwidth allocation secured from Meta. Powered by the Luzon Bypass Infrastructure—a 240-kilometer terrestrial fiber optic backbone engineered by the BCDA and operated by the DICT—the initiative represents a staggering twentyfold capacity increase from the current 100 gigabits-per-second (Gbps) slice used for the National Fiber Backbone, enabling millions of high-speed connections nationwide simultaneously. As the Philippines climbs into the digital future, no community will be left offline.
BCDA 2025 ANNUAL REPORT
39
SPECIAL ECONOMIC ZONES
40
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
At the BCDA’s special economic zones (ecozones), impact is not confined to the locality. It is felt by the surrounding communities, where jobs flow. It ripples outward to the region, as the economy grows and standards rise. And it travels to the rest of the Philippines, which benefits from the investments pouring in. Indeed, what begins in the ecozones becomes part of the nation’s story.
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
41
CAMP JOHN HAY
A NEW ERA
Since its establishment in 1903 as a rest and recreation stop for the US Armed Forces, Camp John Hay has captured the hearts of Baguio City residents and tourists with its cool mountain air, pine trees, and mist-shrouded landscapes. After the successful recovery of the property in 2025, the BCDA is helping the historic site face the future once more, with a new master plan that highlights sustainability and inclusivity.
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FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
SPECIAL ECONOMIC ZONES
Camp John Hay entered a new chapter on January 6, 2025, when the BCDA regained management and control of Camp John Hay. Earlier in October 2024, the Supreme Court of the Philippines granted the BCDA and John Hay Management Corporation (JHMC) the jurisdiction of the 247 hectares of the total 301.86 hectares comprising the John Hay Special Economic Zone (JHSEZ). This landmark decision returned the management, control, and development of the whole of Camp John Hay to the BCDA. With this victory, world-class facilities within the property such as The John Hay Hotels, formerly The Manor and Forest Lodge, and the Camp John Hay Golf Club are now open to the public.
Expanding art tourism
Art-inspired boutique hotel Le Monet is expanding through the lease of a 1,500-square-meter commercial lot, adding 70 new rooms to enhance Camp John Hay’s hospitality offerings.
“We want to emphasize that Camp John Hay is not only back to the government’s possession. It is now back with the Filipino people,” BCDA PCEO Joshua M. Bingcang said. More than Php1 billion in investments quickly poured into Camp John Hay, signifying investor confidence and auguring well for the property’s redevelopment. A Php560 million investment is meant to transform Mile Hi, one of the most iconic spots in Camp John Hay, into an upscale commercial hub. The BCDA signed a 25-year lease agreement on October 6, 2025, with the consortium of Istana Development Corp. and Meridian Commercial Centers, Inc. for the sustainable redevelopment of the 6,647 square-meter Mile Hi property. Modern retail shops and dining will be built while respecting the site’s heritage, and incorporating sustainable design such as natural light and ventilation, energy-efficient features, and green roofs and walls. The BCDA continues to work toward improving Camp John Hay facilities and provide even better services, working with interim managers Landco Pacific Corp. for the hotels and the Golfplus Management Inc. and Duckworld Philippines consortium for the golf course—all with an eye toward greater accessibility for the public.
Where champions rise
BCDA and the Philippine Sports Commission are building a world-class sports complex in Camp John Hay for national athlete training and local recreation.
Charging ahead Ayala’s mobility arm and leading provider of EV charging solutions and infrastructure in the Philippines, ACMobility, has joined forces with the BCDA and the JHMC to expand EV charging infrastructure within Camp John Hay.
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
43
SPECIAL ECONOMIC ZONES
JOHN HAY SPECIAL ECONOMIC ZONE
Managed by John Hay Management Corporation
FINANCIAL PERFORMANCE TOTA L REV ENU E
Php210.78M PERFORMANCE METRICS
17,629
ENVIRONMENTAL MANAGEMENT
Awards and Recognitions
Good
• Top 10 GOCCs Highest CGS Ratings in 2025 Corporate Governance Scorecard for GOCCs
jobs generated in 2025
Air Quality Index
107
15,457
locators
forest tree seedlings maintained for nursery and propagation
7,871,868 tourist arrivals
2,669
217,373
new seedlings planted
tourists in the Historical Core, Camp John Hay Corporate Social Responsibility The Healthy Barangay: Wellness and Education Program provided healthcare and legal aid for Greenwater Village The Rattan Weaving Workshop was a collaborative initiative between the JHMC and DSWD-Sustainable Livelihood Program Association, designed to empower marginalized communities through heritage-based livelihood training.
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FROM BASES TO BETTER LIVES
The Community Health Caravan offered free medical check-ups, dental services, and health education sessions in Barangays Camp 7 and Poliwes. Participation in Brigada Eskwela provided construction materials for the JP Laurel Elementary School and Happy Hollow Elementary School
BCDA 2025 ANNUAL REPORT
• One of the Top Performing Government Agencies in the 2025 RCS Survey 2.0 – Silver Award garnering a 93.12% or a “Very Satisfactory” rating • Ranked 10th among GOCCs for Highest Attributed Expenses • Ranked 10th among GOCCs for Highest Gender and Development Attributed Expenses • Commended for Fiscal Excellence and received an award for Php14.33M dividend remittance
SPECIAL ECONOMIC ZONES
Certifications • ISO 9001:2015 – Quality Management System • ISO 14001:2015 – Environmental Management System
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
45
SPECIAL ECONOMIC ZONES
CLARK AVIATION CAPITAL Managed by the Clark International Airport Corporation
FINANCIAL PERFORMANCE TOTA L REV EN U E
Earnings Before Interest, Taxes, Depreciation, and Amortization
Php1.33B
Php1.00B
AIRPORT DEVELOPMENT
AIRCRAFT MOVEMENT
(as of end-2025)
of primary and 86.40% Installation secondary surveillance radar
87.32%
Installation of new air traffic control tower
66.83%
Supply installation, testing & commisioning of new Air Traffic Communication System and Relocation of CNS equipment
632
6,132
Domestic
International
Awards and Recognitions
Corporate Social Responsibility • Conduct of 2025 Job Fair at Robinsons Angeles, Pampanga • CSR: “Making Public Transport More Safe and Accessible to PWDs,” Baguio • Relief Operation at Masantol, Pampanga • Sasmuan Relief Aid Mission, Sasmuan, Pampanga • Bayanihan for Agta IP Community, Cozo, Casiguran
2,753,101
Passengers served in 2025
• Gold Award for Exemplary Performance Anti-Red Tape Authority, with an average CSM rating of 99.91% • 2025 GOCCs Day Certificate of Recognition for the corporation’s Php282 million dividend remittance to the national government • Gold Award for Disaster Response and Emergency Relief Category for the CSR project “Bangon Batangas”
• Serbisyo para kay Juana, Hermosa, Bataan
• Ranked No. 1 GOCC for Highest Organization-Focused GAD Budget Expenditure
• Christmas Gift-Giving and Basketball Clinic Event, Magalang, Pampanga
• Ranked No. 4 for Highest Organization-Focused GAD Budget Allocation
• Assistance to Women and Children affected by flooding, San Miguel, Catanduanes
• One of the Top 10 Performing GOCCs based on the Governance Commission for GOCCs (GCG) Performance Evaluation System • World Integrity Prize for President and CEO Joseph P. Alcazar
46
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
Certification ISO 9001:2015 (Quality Management System) on Estate Management and Processing of Lease of Land, Building and Structures under the jurisdiction of Clark International Airport Corporation
FROM BASES TO BETTER LIVES
BCDA 2025 ANNUAL REPORT
47
SPECIAL ECONOMIC ZONES
CLARK FREEPORT ZONE Managed by the Clark Development Corporation
FINANCIAL PERFORMANCE
Milestone Projects • Pampanga Provincial Hospital –Clark
TOTAL REVENUE
NET INCOME
Php6.83B
Php3.81B
FUND BALANCE
CASH DIVIDENDS
Php13.67B
Php2.49B
• Happening on the Green
TOTAL INVESTMENTS
NO. OF WORKERS
Php260B
124,919
• Opening of Kadiwa Booths and Launching of Php20 Rice Project
PERFORMANCE METRICS
• Clark Multi-Specialty Medical Center
• Clark Business Interdependence
TOURIST ARRIVALS
Locators
1,256
Same-Day Guests
29,753,996
Workers
149,138
Overnight Guests
1,510,954
Exports
USD3.81B
Airport Arrivals
1,378,608
Imports
USD5.21B
• Integrated Command Center • Partnership with BOC for MRO-F.A.S.T.
Awards and Recognitions • First-ever recipient of the Governance Commission on GOCCs Leadership Award • Universal Health Care Champion by PhilHealth Region III • Corporate Governance Award by Central Luzon Media Association • Freedom of Information compliant for the year 2023 • Filipino Brand of Service Excellence advocate • CDC PCEO as the Woman of the Year 2025 by Punto! Central Luzon • Ranked sixth among the top 10 GOCCs contributing in 2024 • Top investment destination in Central Luzon
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• Ranked ninth top dividend contributor among GOCCs • Tourism Promotion Excellence Award • Service Excellence Awardee by the Anti-Red Tape Authority (2025 Report Card Survey) • Asia’s Leading Meetings and Conferences Destination • Environmental and Excellence Award • Commended by the Fiscal Incentives Review Board (FIRB) as the only investment promotion agency to fully utilize all modules of the FIRB Incentives Monitoring System • Recognized by the GSIS Excellence in Workforce benefit Delivery and Outstanding Insurance Compliance
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• Commission on Audit - Region III sole PhilHealth Konsulta-accredited GOCC • Investor pitch awarded for Best Term Sheet and Presentation, together with DOT-RIII at the Philippine Tourism Investment Portfolio Workshop • 26th Association of Tourism Officers of the Philippines Pearl Awards • Grand Winner for Best Tourism Promotions Brochure • 1st Runner-up for Best Sports Tourism Event • 1st Runner-up for hosting the Philippine MICE Conference 2024
Implemented Projects
CSR Projects
• 14 Infrastructure projects. Of these, 5 projects have been completed and issued Certificates of Completion as of C.Y. 2025
• One Stop Processing Center (Office-based) and On Wheels
Certification • ISO 9001:2015 Quality Management System
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• CDC Town and Gown Program • Scholarship Collaboration for Workers Engaging in Learning Advancement Program for Bachelor’s Degree
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SPECIAL ECONOMIC ZONES
PORO POINT FREEPORT ZONE Managed by the Poro Point Management Corporation TOTA L REV EN UE
TOTA L EMPLOYMENT
Php214.76M
1,352
S EA P ORT OP E R AT I ON S
A IRPORT OPERATIONS
San Fernando International Seaport
38,926
1,967
258
jobs inclusive of employment in arrastre and stevedoring operations
vessels berthed inclusive of 56 foreign vessels 202 domestic vessels
Aircraft Traffic
SEAPORT REVENUES
CARGOES DISCHARGED
Php114.15M
818,359.31
106,144
collected in the form of charges on vessels, charges on cargoes, pilotage fees, and berthing permit fees
metric tons
movements generated by general aviation traffic
Passenger Traffic
Corporate Social Responsibility
• Conducted bloodletting program for Poro Point Freeport Zone in partnership with Ilocos Training and Regional Medical Center • Conducted Medical and Dental Mission Program in partnership with the Philippine Air Force Medical and Dental Team • Supported the PPFZ impact barangays by providing healthy food packs to malnourished or at-risk school children
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• Provided food and relief packs to the PPFZ impact barangays affected by Tropical Storm Emong
• Participated in the 2025 Earth Day celebration through a coastal cleanup drive along the Poro Point Baywalk
• Supported DepEd’s National Maintenance Week “Brigada Eskwela” through construction and cleaning materials donation
• Conducted tree and ornamental planting activities inside the Poro Point Freeport Zone
• Distributed school supplies to typhoon-affected students at San Agustin Elementary School
• Participated in the International Coastal Cleanup at Poro Point Freeport Zone with San Fernando LGU and local volunteers
• Conducted “Love Mother Earth Coastal Clean-up”
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Certification • ISO 9001:2015 Quality Management System
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SPECIAL ECONOMIC ZONES
MORONG DISCOVERY PARK Managed by the Bases Conversion and Development Authority
Unique Offerings
Current locators
• Eco-tourism (e.g. glamping) • Heritage spot • View overlooking the West Philippine Sea • Monuments and shrines built by Vietnamese, Lao, and Cambodian refugees
• Equinet Support, Inc. operates Camp Kanawan (formerly Atmanda Ecopark) where the Kai Lodge and Sage Leaf Hotel are located, and also provides multidisciplinary architecture and engineering design services, 3D BIM modeling, and CAD shop drawings • Philippine Marine Corps
Quick facts
• Morong Power and Water Corporation
The Morong Discovery Park is: • the main zone of the Morong Special Economic Zone and site of the former Philippine Refugee Processing Center • located 20 minutes away from Subic and 2.5 hours away from Manila via the SCTEX • a histo-cultural destination
Important landmarks from mother countries of refugees
• Freedom Plaza • Indochina Map • Buddhist Temples • That Luang
• a potential retirement haven, corporate training center, and tourism center • an unmatched zone for environmentfriendly small and medium-scale industries
• Image of the Blessed Mother • Vietnamese Monument • Bayon Monument
• an ideal location for ecotourism and a light industrial zone with a national defense component
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T
he story of the BCDA is not only about transformed communities and thriving economic centers—it is also about the people who make that transformation possible each day. These individuals work quietly behind the scenes, bringing skill, commitment, and purpose. Their stories are a reminder that building better places also means creating better lives for those who help build them.
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HER ‘IKIGAI’ Josefa Catherine Bada Vice President for Airport Management, PPMC Josefa Catherine Bada, Vice President for Airport Management at the Poro Point Management Corporation (PPMC) , describes herself as the company’s “organizational memory”—and aptly so, having been PPMC since its creation in 2003. Before that, she joined the BCDA in 1993, then the John Hay Poro Point Development Corporation (JPDC) in 1997. Reflecting on her career choices as her retirement approaches, she says it was her conviction in the vision and mission of the BCDA then the JPDC that made her stay, while some colleagues moved to other government agencies or to private corporations, or went abroad. Now her conviction is focused on the PPMC: “I believe in attaining the vision, mission, and practice of the core values of the Poro Point Freeport Zone.”
COUNTING HIS BLESSINGS
Jeric Bacani Battery energy storage system assembler, StB Giga Jeric Bacani, 25 years old, started out with StB Giga in New Clark City as an operator and now works as a battery energy storage system assembler, connecting wires and making sure that the battery products run smoothly. He is grateful for the ease and benefits StB Giga has afforded him and his family. Living in the company barracks, far from his family—as required by his previous job—is now a thing of the past. At StB Giga, he lives at home. A shuttle takes him to and from work everyday, for free. The proximity and work schedule allow enough time to rest and enjoy his family’s company. His work has also enabled him to provide well for his parents and other family members. He is happy and content about the work environment and the dynamics between his co-workers and bosses. He counts his blessings that he was promoted: “Nakitaan po ako ng potential [They saw my potential].” Thinking of other youth in his area who were not able to attend college, he hopes more companies set up shop in New FROM BASES TO BETTER LIVES Clark City so the opportunities will keep coming.
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DOING HIS JOB WITH PRIDE
Marlo Herrera Ground maintenance crew, FBDC For five years now, 32-year-old Marlo Herrera has been working six days a week as ground maintenance crew of BGC. His job has given him much satisfaction—not only because of the financial stability it has afforded him and his family, but because of what he has learned: “Mas marami akong natutunan. Habang tumagal ako dito, mas nadagdagan ang experience at skills ko [I’ve learned a lot. The longer I stay here, the more experience and skills I gain.].” Marlo admits he didn’t know if he’d last on the job, knowing he’d be doing the same thing everyday. But he realized as time passed that he loved his job. Looking at the BGC grounds, he says, “Nakikita ko na mas gumaganda ang BGC nang dahil sa amin. Nakakatulong kami para pagandahin pa lalo ang BGC [I see that BGC looks more beautiful because of us maintenance people. We’re able to help beautify BGC even more.].” Knowing he contributes on a daily basis to the cleanliness and upkeep of the BGC grounds gives him pride and satisfaction.
THE HORSE WHISPERER Benjamin Ponciano Horse caretaker, Camp John Hay
For 25 years, “Mang Ben,” as he is known, has been taking care of the horses of Camp John Hay, keeping them healthy and fit for tourists to ride. But when the visitors have all gone home and the park gates are closed, Mang Ben and his fellow animal handlers lead the horses home. The journey becomes more challenging in rainy weather and as the horses age, especially after a tiring day of rides. It thus comes as no surprise that Mang Ben dreams of a proper home for the horses inside the camp. After all, caring for the horses means not only feeding them, giving them their vaccines and vitamins, and walking them, but also feeling their exhaustion. It has been a rewarding job, nonetheless—one that has given him and his family a better life. He is hopeful that like him, future horse caretakers will find fulfillment in the job that he loves. 56
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MAKING HER MARK Aira Christel Perreira Facilities Maintenance Engineer, CRK
From the start, Aira Christel Perreira knew she would have to work doubly hard to gain a strong foothold in a maledominated field. Armed with a Civil Engineering degree, she applied for a job at CRK but was considered the least qualified among the candidates because she didn’t have a license. Still, Aira persevered and was eventually hired. Now the Facilities Maintenance Engineer at the CRK New Terminal Building, Aira finds that being a woman without a license has not diminished her status among her coworkers. In fact, she was Employee of the Quarter in Q2 2025, and eventually, CRK Wall of Fame Employee of the Year for 2025. She credits her professional growth to the support of CRK management and her colleagues. “What motivates me is that I can do it—that I can excel and prove that their first impression of me was wrong.” With determination and hard work, Aira continues to make her mark at CRK.
TELLING COLORFUL TALES Clemente M. Zaragoza, Jr. Tourist guide, Morong Discovery Park
During the 23 years that Clemente M. Zaragoza Jr. has been with the BCDA, he has shifted from one job category to another. From sweeping streets to doing office tasks, “Kuya Clems,” as he is called, has welcomed each role as an opportunity, citing passion as his secret. He currently wears the hat of a tourist guide at Morong Discovery Park—a job he cannot see himself leaving. He shares, “Sabi ng mga turista sa akin kapag nag-orient ako, ‘You are animated. Nahahawa mo kami, Kuya Clems’ [The tourists tell me after I orient them, ‘You are animated. Your enthusiasm is contagious, Kuya Clems].” His work attitude has made him an exemplary employee in whatever task he is given. He has always believed that work that could be done within the day must not be set aside for tomorrow. He summarizes the lessons he learned throughout the years as: “Maging tapat ka sa trabaho at maging humble ka talaga sa lahat ng bagay [Be true to your work and be humble in all things].” Through Kuya Clems, the story of the Morong Discovery Park will be told for years to come. FROM BASES TO BETTER LIVES
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A S S ET D I SP OS I T I O N PRO GRAM
From idle cities
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The transformation of former military camps into the dynamic economic zones they are today is a manifestation of the BCDA’s commitment to building great cities while strengthening the capability of the country’s armed forces. It began with a vision: to turn idle land into economic powerhouses, and public assets into jobs, investments, and opportunities that benefit the nation. In transforming the camps into premier economic districts, the BCDA also helps provide modern and sustainable facilities for the military, elevating their capabilities to a world-class standard and creating a comfortable life for all.
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ASSET DISPOSITION PROGRAM
To a more people-first bgc The 240-hectare BGC continues its evolution into a dynamic and future-ready business district. The BCDA, together with SyCip Gorres Velayo and Co. (SGV & Co.), have set out to update the estate’s master development plan with a comprehensive, people-first revamp that promises to be inclusive, resilient, and responsive to current and future urban needs. To prepare the updated plan, the BCDA and SGV & Co. have started to undertake consultations and technical studies over a nine-month period. The work involves data-driven urban analysis, visioning workshops, and engagement with key stakeholders to align development strategies with existing policies. The updated plan will integrate contemporary urban planning principles with an emphasis on better public transport, walkable streets, and expanded public space. Once completed, it is expected to support long-term investments, generate employment, and improve mobility and accessibility for workers, residents, and visitors.
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Leading the charge in 2025 The Fort Bonifacio Development Corporation (FBDC), the joint venture behind BGC, scored a record-breaking financial performance in 2025 as it capitalized on BGC’s booming commercial real estate market. The company closed the year with a net revenue of Php6.8 billion, an increase of over 13 percent from the previous year. Net income rose by nearly a quarter to Php4.3 billion, driven by operational efficiency and growth across multiple fronts, while net cash flow was at Php4.9 billion. BGC’s desirability as a premier business and residential destination continued to drive FBDC’s upward financial momentum, backed by record-low office vacancy rates and massive leasing transactions. Leasing operations of the business district’s available retail space hit a high 95 percent, with 89 percent of its office spaces leased out. A total of 38 stores opened in BGC in 2025, comprising some 10 percent of its total portfolio.
95%
retail occupancy
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89%
Php6.8B up 13.3% from
Php6 billion in 2024 NET INCOME
Php4.3B up 22.9% from
Php3.5 billion in 2024
NET C A S H FLOW
Php4.9B up 19.5% from
Php4.1 billion in 2024
28,591 sqm
office occupancy
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NET REV ENUE
or 13% newly signed office lease
BCDA 2025 ANNUAL REPORT
ASSET DISPOSITION PROGRAM
THE NEW KID ON THE BLOCK
Park Triangle Mall is the latest addition to BGC’s expanding live-workstudy-play ecosystem. Located at the corner of 32nd Street and 11th Avenue in BGC, the five-level mall features a 3D kinetic LED wall, a food hall, and popular retail and dining spots. A project of Ayala Land, Park Triangle Mall is located within a mixed-use community that includes Park Triangle Residences, a 49-storey condominium, and Park Triangle, a 24-storey premium office building. By providing direct access to other destinations within the community, convenience for mall goers and employees is assured. The mall opened in December 2025 with a 67 percent occupancy.
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A BREATH OF FRESH AIR
For employees, visitors, and residents who need a break from the hustle and bustle of city life or just want to enjoy nature, there are a number of parks in BGC that fit the bill.
1
Burgos Circle Park
4 TERRA 28th
Conveniently located near Forbes Town Center, this pet-friendly park features BGC’s first public art installation, a Reynato Paz Contreras scuplture called “The Trees.”
5 BGC Greenway Park
2 Bonifacio High Street (Central Park)
Said to be the longest linear park in Metro Manila, this 1.6 kilometer urban linear park borders a private golf course and provides an uninterrupted asphalt path for running and walking.
This open-air shopping and leisure strip connects pocket parks and features sprawling lawns, public art, and al fresco dining.
6 Kasalikasan Garden
3 Track 30th This specialized fitness park along 30th Street featuring a jogging loop, yoga spaces, and meditation garden is located at the end of Bonifacio High Street.
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FROM BASES TO BETTER LIVES
Native Philippine trees provide plenty of shade for this child-friendly park on 28th Street accessible to condominiums, shops, and restaurants.
With its Jerusalino V. Araos art installation, this lush, tree-covered amphitheater space is designed for relaxation, meditation, and quiet community get-togethers.
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ASSET DISPOSITION PROGRAM
2
1
3
BURGOS CIRCLE PARK
TRACK 30th HIGH STREET SOUTH park
terra 28th
4
kalikasan Garden
BGC GREENWAY PARK
6
5
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FOUR DISTRICTS. ONE VISION. REDEFINING PREMIUM
BGC is no longer defined by a single business district. It is an expanding network of complementary urban communities designed to shape Metro Manila’s growth for decades to come.
In 2025, the Grand Central Park, Federal Land’s 11-hectare city within the city, welcomed what has been touted as the luxury brand of choice among the country’s elite: Lexus. The Lexus Manila Gallery is an expansive, three-storey lifestyle showroom and service center occupying a 4,200-squaremeter property. The Gallery embodies the Japanese principle of omotenashi—the art of sincere, wholehearted hospitality, which anticipates guests’ needs. Its relaxed, comfortable atmosphere makes guests feel as if they’re in a friend’s high-end living room instead of a showroom. Natural wood and stone elements add warmth, while energyefficient lights not only address sustainability but also provide more flattering lighting for the vehicles. With its spacious, lounge-inspired interior, VIP rooms, golf simulator, and in-house café, the Lexus Manila Gallery offers a premium experience consistent with the Lexus brand.
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ASSET DISPOSITION PROGRAM
URBAN LIFE, EXPANDED Good things are coming in the Bonifacio Capital District (BCD). The district is emerging as a modern mixed-use development where high-end urban living, government developments, and historical landmarks blend into a seamless whole. It’s all part of the BCDA and Robinsons Land Corporation’s shared vision to develop a prime 6.18-hectare property into a sustainable and thriving community, carefully master-planned to create a vibrant and dynamic, yet environmentally friendly estate. The development will emphasize walkability, sustainability, smart technologies, and thoughtfully designed public spaces. With its proximity to the South Luzon Expressway, Chino Roces Extension, and Lawton Avenue, accessibility is a given in BCD. Beyond convenience, however, the BCD is also aligning land use with incoming national infrastructure investments to support commuter-focused growth. Its location near the future Lawton station of the 33-kilometer Metro Manila Subway will benefit its residents and workers alike, with the subway designed to cut traffic congestion and move millions efficiently from underground. This strengthens the district’s potential as one of the most connected and expansive urban centers in the metropolis.
Artist’s render of RLC’s mixed-use development in the Bonifacio Capital District FROM BASES TO BETTER LIVES
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Artist’s render of the BWDC Residential Tower
LUXURY LIVING AT ITS MOST EXCLUSIVE In Forbestown Center, a high-end residential experience awaits. With the construction of its 45-storey tower in full swing, the Bonifacio West Development Corporation (BWDC) is poised to redefine luxury living. The BWDC Residential Tower boasts exclusive 550-square-meter residential units— perhaps the largest cut in any condominium on the market— each with its own private lift access. An infinity pool, private spa and gym, library, green roof deck, and scenic 270-degree views make this development a top choice. This development enhances the quality of the district’s residential environment and underscores BGC’s staying power.
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Artist’s render of the Bonifacio East development
WHERE EVERYONE COUNTS AND IS COUNTED The BCDA, in partnership with the National Housing Authority and Primelux Holdings Development, Inc., is developing a 60-hectare property along C-5 that will feature a mix of residential, commercial, and institutional buildings, as well as parks and green spaces. Envisioned as a compact, connected, and environmentally responsive community, Bonifacio East will lay the groundwork for a more inclusive and peoplecentered BGC with its socialized housing, community amenities, and walkable urban environment.
THE CITY KEEPS RISING Newport City, the country’s world-class urban integrated tourism resort complex, saw significant construction activity in 2025. One highlight is the launch of property developer Megaworld’s One Portwood Residences, a modern condominium that will add more premium living spaces across from NAIA Terminal 3. Fresh capital has also been infused for the enhancement of real estate opportunities, mainly the upcoming Narra Palm Hotel and Villa—a luxurious development consisting of 157 hotel suites and villas, catering to both high-end tourism and premium gaming markets. The development strengthens Newport City’s position as one of Metro Manila’s most vibrant integrated resort and lifestyle destinations.
MODERNIZING NAIA TERMINAL 3 The BCDA signed an attractive annual lease agreement with the Manila International Airport Authority (MIAA) for the disposition of the Ninoy Aquino International Airport (NAIA) Terminal 3, which sits on a 61-hectare property that was originally part of the Villamor Air Base. The new lease agreement is expected to be a big revenue source for the state-run firm and a boost to the country’s air travel industry.
Fast facts about the new BCDA–MIAA lease agreement
Php489 million a year, higher than the previous lease of Php180 million
Gives MIAA a three-year option to purchase the NAIA T3 property for Php48.89 billion or to continue leasing it
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Acquisition would give MIAA full ownership of the land and infrastructure, allowing them to invest in the airport’s development, modernization, and expansion, to serve the demands of domestic and international air BCDA 2025 ANNUAL REPORT 69 travel
ROADS to BETTER LIVES
ASSET DISPOSITION PROGRAM
Sustainable urban development hinges on efficient travel and on having more options to get people from point A to point B. To be smart and beneficial, infrastructure—whether roads, railways, or bridges—must be aligned with long-term urban planning and guided by prospects of improved mobility. This makes for more productivity, greater convenience, and a better quality of life for all.
LEGEND METRO MANILA SUBWAY ALIGNMENT METRO MANILA SUBWAY STATION A. KALAYAAN STATION B. BGC STATION C. LAWTON STATION D. SENATE DEPED STATION E. NAIA TERMINAL 3 STATION BONIFACIO SOUTH MAIN BOULEVARD LAWTON AVENUE WIDENING BGC-ORTIGAS ROADLINK
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TRANSIT-ORIENTED DEVELOPMENT PROJECT BCDA is leading the development of transit-oriented developments (TODs) around upcoming railway stations on its properties. In partnership with the Department of Transportation (DOTr) and supported by technical assistance from the Japan International Cooperation Agency (JICA), the initiative focuses on four key subway stations—Market! Market!, Senate–Department of Education, Kalayaan Avenue, and Lawton Avenue. These developments aim to maximize major rail networks by building integrated, sustainable communities, and to enhance connectivity with local transport, improve urban mobility, attract investments, and deliver long-term environmental, social, and economic benefits for all.
BGC–ORTIGAS ROAD LINK The 1.48-kilometer BGC–Ortigas Road Link has slashed travel time between the two business districts from an hour to just 12 minutes. Anchored by the 440-meter Kalayaan Bridge connecting Pasig and Taguig, the project has significantly eased congestion, leading to a 20 percent drop in traffic along neighboring stretches of EDSA and C-5.
BONIFACIO SOUTH MAIN BOULEVARD A joint DOTr and BCDA project, the 2.45-kilometer Bonifacio South Main Boulevard will provide a six-lane alternate route between NAIA and BGC, easing traffic on Lawton Avenue. Its Pasong Tamo widening component reached 77.68 percent completion in December 2025. The main boulevard construction will start once the subway’s Senate– DepEd and Lawton Avenue stations are complete.
METRO MANILA SUBWAY PROJECT As the backbone of great cities, subways move millions efficiently. The 33-kilometer Phase 1 of the Metro Manila Subway Project will do just that, cutting travel time between Valenzuela and NAIA from 1.5 hours to 45 minutes. Partially funded by Japan, the Php488 billion project will connect with the LRT1, MRT3, and North–South Commuter Railway. Construction for four stations in Fort Bonifacio is set to begin in 2026.
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ASSET DISPOSITION PROGRAM
tr
s an
rm
fo
A ‘d r
m’ o a f e
at io
n
Major General Florante P. Sison assumed the leadership of the Philippine Army Support Command (SPTCOM)—formerly known as the Army Support Command—in November 2025. A proud member of the Philippine Military Academy “Sambisig” Class of 1991, he hopes to transform the SPTCOM into a more responsive logistics and sustainment unit. How have BCDA’s replication efforts and the new SPTCOM facilities improved your unit’s day-to-day operations? Our current facilities are better and more favorable to our unit personnel and to other users. With these improvements, living conditions in the SPTCOM are better and personnel output has also tremendously increased to a level no one expected. Which part of the project in 2025 had the biggest impact? How has your unit benefited from this? The most important of these facilities are the clubhouses for officers and for enlisted personnel. They serve as function halls for the activities of the SPTCOM and Philippine Army (PA) involving local FROM BASES TO BETTERsuch LIVES and international commitments 72 as bilateral and multilateral exercises
and engagements. These new SPTCOM facilities have become the show window of the PA and have taken our engagements to greater heights. What do these improvements mean to the SPTCOM and to the AFP’s partnership with the BCDA? It means a lot to the SPTCOM in terms of living conditions, work output, morale, and most importantly, in communicating with external stakeholders. The AFP’s partnership with the BCDA has helped with AFP modernization, resulting in projects such as the replication of the SPTCOM facilities—which has been key to the unit’s rapid development. Thanks to these improvements, our modernized capabilities and improved capacity allow us to become more responsive to our BCDA ANNUAL REPORT mandate and2025 raises the bar for the AFP’s engagements with external stakeholders.
“We have a healthy relationship with the BCDA, with which we were able to build the [SPTCOM facilities] t h a t be ca m e t h e show window of the Philippine Army…. With the facilities handed to us by the BCDA as a replication project, we perform better.”
– Maj. Gen. Florante P. Sison Commander, Philippine Army Support Command
ASSET DISPOSITION PROGRAM
Strategic moves lasting impact
M
odern military facilities and capabilities translate to better services, improved maintenance operations, and more transparency. In pursuing its mission to modernize the AFP, the BCDA prioritizes military relocation and replication projects, and freeing up prime land for commercial development, particularly in Clark and Metro Manila. Every aspect of the BCDA’s relocation and replication program, customized to the needs of military units, provides a welcome boost to soldier morale and productivity.
THE SPECIAL AND TECHNICAL STAFF BUILDING
100% COMPLETE AS OF MARCH 31, 2025
One of the highlights of the BCDA’s relocation and replication program is the construction of a Php253.1 million state-of-the-art administrative facility that will house the Special and Technical Staff of the Philippine Army’s Special Service Center and Division Administration Command Center. The infrastructure upgrade is seen to enhance the operational effciency of the two units and foster a supportive working environment.
PHILIPPINE MARINE CORPS HEADQUARTERS The Philippine Marine Corps (PMC) is relocating from a 12-hectare property in Fort Bonifacio, Taguig to its new 100-hectare home at the Morong Discovery Park (formerly the Bataan Technology Park) in Morong, Bataan. A total of 56 facilities are being built, all designed to support the needs of a world-class PMC.
Roads, utilities, and preparatory work
98.84%
Package 2
Package 3
Package 1
34 facilities to enhance the operational readiness and quality of life of the country’s troops.
Artist’s render of the Philippine Marine Corps Headquarters in Morong, Bataan FROM BASES TO BETTER LIVES
Artist’s render of the Philippine Marine Corps Headquarters in Morong Discovery Park
constructed as of end-2025
22 facilities including the main headquarters, communication tower, fire station, church, and troop and personnel quarters.
93.32% 72.63%
BCDA 2025 ANNUAL REPORT
constructed as of end-2025
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constructed as asof ofDecember end-2025 2025
C ORP ORA T E S O CI AL R E S PO NS I B I LITY
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Community development, as a way of giving back to stakeholders, is a hallmark of the BCDA’s corporate social responsibility initiatives. Sustainability and inclusivity are real goals, not buzzwords, achieved by mitigating the ethical, social, environmental, cultural, and economic impacts of doing business in the company’s development plans and projects. Driven by a culture of caring and forming meaningful connections with its stakeholders, especially surrounding communities, the BCDA takes FROM BASESsteps TO BETTER LIVES BCDA 2025 ANNUAL REPORT intentional toward transforming land and lives.75
CORPORATE SOCIAL RESPONSIBILITY
A CORNERSTONE FOR AGRICULTURAL
EDUCATION T
he land is an essential aspect of the life and culture of the indigenous peoples. This fact has not only seen the Aeta community through generations, but also offers others an essential guidepost. Today, the BCDA, Hann Philippines Inc., and Hann Foundation Inc. (HFI) see the opportunity to pave the way for the transfer of indigenous wisdom and time-tested knowledge. In New Clark City, a multi-purpose pavilion
“Ngayon pa lang po nangyari sa’min na dumating sa amin itong mga organisasyon na ito… dahil sa BCDA nagkakilala-kilala kami nang DA [Department of Agriculture], ang Hann Foundation, malaking tulong po sa’min ito, hindi lang sa’min kundi sa aming mga pamilya, at sa iba’t-iba pang lugar.”
“Yung sa’min po parang bara-bara lang yung pagaabono, yung pagha-harvest, saka yung pagtatanim. Iba po yung sa kanila.” —Mang Ernesto
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for agricultural education, innovation, and environmental stewardship will soon provide a glimpse of the upcoming 10-hectare Ayta Ethno Botanical Center (AEBC), a frontline of the BCDA’s community projects. The feature is the first of a three-phase project intended to upskill indigenous families to adopt indigenous farming and agribusiness, by providing a venue for training, meetings, assemblies, and exhibits, while preserving Ayta culture and heritage. The vital infrastructure will also feature a ceremonial ground, a market, a coffee shop, a tamarind orchard, a coffee farm, and a pond. Under the agreement, the HFI shall finance and undertake the construction activities for the pavilion, according to the conceptual plan for the AEBC drafted by the BCDA and the Pampanga State Agricultural University (PSAU). The AEBC aims to scale up the agricultural capabilities of local farmers, especially the Ayta communities in Pampanga and Tarlac, empower indigenous communities with sustainable farming practices and long-term livelihood prospects, and foster a more healthy, food secure, economically stable, and climate-resilient Clark. It is spearheaded by the BCDA in partnership with the Department of Agriculture Regional Field Office III and the PSAU.
“The AEBC is an example of how the collective action of the government and private sector can make a big impact on our communities.... Aside from the promotion of cultural heritage, agriculture, and innovation, this project also promotes employment and entrepreneurship. Through the knowledge and skills that will be gained in the halls of the AEBC, our Ayta and Capampangan communities will be more future ready to become eventual colleagues or even business partners at Hann.” – Ana Christi G. Galura Executive Director Hann Foundation Inc.
While preparations for the construction of the AEBC are underway, the BCDA has started the Ayta Ethno-Botanical School, a capacity-building farm field school that serves as an initial phase of the program by equipping Ayta beneficiaries with practical skills in sustainable agriculture and environmental stewardship.
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BUILDING A FOUNDATION FOR PHILIPPINE SPORTS The BCDA, together with members of the Philippine Rugby Football Union (PRFU) and the national rugby team, the Philippine Volcanoes, hosted a rugby clinic at the New Clark City Athletics Stadium. Themed “Empowering Youths, Celebrating Heritage,” the event gathered youths from Sitio Tilik and Sitio Telapilun, Brgy. San Roque in Bamban, and Brgy. Sta. Lucia in Capas. It aimed to inspire the values of teamwork, discipline, and resilience, and an active lifestyle among youths in New Clark City communities. The activity marked the second time the BCDA partnered with the rugby national team to teach the youth about rugby as a sport, following their successful engagement in 2024.
A HEALTH AND WELFARE CARAVAN The BCDA launched its “Kalusugan at Kaunlaran Caravan” through a medical mission in Barangay Sto. Niño, Bamban, Tarlac in November 2025. The initiative, done in collaboration with government agencies and partner organizations, delivered essential health and welfare services to some 500 members of the local Aeta community, in celebration of Indigenous Peoples’ Month. A total of 300 adult and 200 young beneficiaries received comprehensive medical checkups, free medicines, health kits, nutritious meals, food supplements, and vitamins.
BRINGING RELIEF TO CALAMITY-HIT AREAS About 4,000 families across typhoon-stricken communities in Central Luzon received immediate relief as the BCDA and its partner local government units mobilized the distribution of rice, food packs, and hot meals in the provinces of Pampanga, Zambales, Tarlac, and Bataan. The multi-site relief operations targeted vulnerable communities near BCDAmanaged development zones, displaced by floods from three consecutive typhoons and intensified southwest monsoon rains. To evaluate long-term infrastructure vulnerabilities, the BCDA also conducted post-flood inspections in critical areas.
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BCDA 2025 ANNUAL REPORT
PLANTING SEEDS FOR SUSTAINABLE DEVELOPMENT The BCDA, together with its public and private sector partners, reforested one hectare of land along One Clark Boulevard, New Clark City, Capas, Tarlac by planting 500 more native and endemic trees, carefully selected for their ability to thrive in the region’s environment. The initiative was an important step to meeting the Authority’s goal of planting 1,000 trees by the end of 2025, as part of its commitment to sustainable urban development and global climate action goals.
PROTECTING THE COUNTRY’S COASTLINE Volunteers from the BCDA, Subic Bay Metropolitan Authority (SBMA), and Subic Bay locators, joined hands in planting 200 native mangrove saplings in Binictican, Subic Bay Freeport Zone, Zambales, to serve as natural shields for our coastlines. The BCDA’s participation reflects its commitment to sustainability and environmental preservation as a vital part of building future-ready cities and resilient communities. FROM BASES TO BETTER LIVES
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CORPORATE GOVERNANCE The BCDA is committed to good governance practices while pursuing its mandate to develop former military bases and Metro Manila camps into centers of productive commercial use for the benefit of the country, the Armed Forces, and other government beneficiaries. GOVERNANCE FRAMEWORK The BCDA adopts the Code of Corporate Governance for Government-Owned and –Controlled Corporations (GOCCs) of the Governance Commission for GOCCs (GCG). In doing so, it proves to be responsive to its stakeholders while serving as a responsible steward of state resources. The BCDA Board of Directors sets policies to guide Management in carrying out its duties and responsibilities with integrity and transparency, which affirms the agency’s full compliance with the Code of Corporate Governance. In addition, the BCDA Manual of Corporate Governance serves as a guide in achieving BCDA’s corporate goals while adhering to the principles of good corporate governance. The manual, which was approved by the Board on July 9, 2014 through Board Resolution No.
2014-07-115, is envisioned to steer the organization towards excellence and competitiveness both locally and globally, and in doing so, enables the BCDA to be a valuable partner of the government in national development. The manual aims to set in place the promotion and pursuit of corporate governance reforms and the observance of the principles of accountability, transparency, and professionalism within the organization. It details the duties and responsibilities of the Board to the state and its stakeholders, and provides the structure through which the corporation’s objectives are set and the means to achieve them. GOVERNANCE POLICIES 1. Institutionalization of Integrity Management To institutionalize the principles of good corporate governance and to
establish an integrity management system within the organization, BCDA launched the Strengthen Integrity Development in BCDA Project. This led to the development of the BCDA’s Code of Conduct, Integrity Policy, Whistleblowing Policy, and No Gift Policy. a. The BCDA Code of Conduct The BCDA Code of Conduct was approved by the Board in 2015. Through Office Order No. 004, as described in Section 5.2, the members of the BCDA Board, officers, personnel, project employees, consultants, and contractual employees working for BCDA are directed to strictly observe the provisions of the BCDA Code of Conduct. The code, which incorporates the organization’s Whistleblowing Policy, sets forth the principles, corporate values, and rules of conduct that both officers and employees must observe in carrying out their official duties and
DRIVING GLOBAL INTEREST. BCDA Chairperson Hilario B. Paredes, together with Philippine Ambassador to Portugal His Excellency spearheads a business mission to promote the Authority’s key pipeline programs and projects.
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BCDA 2025 ANNUAL REPORT
NATION BUILDERS AT WORK. The BCDA, led by PCEO Bingcang, was recognized as the sixth top-performing government-owned and– controlled corporation for 2025 during GOCC Day at Malacañan Palace, where President Ferdinand R. Marcos Jr. led the ceremony.
responsibilities. This includes the policies instituted by the Civil Service Commission relating to integrity, transparency, and accountability in government. b. Whistleblowing Policy The BCDA’s Whistleblowing Policy promotes responsible reporting and disclosure of vital information related to fraud, bribery, and corruption within the organization. It aims to encourage concerned individuals to testify on matters involving the actions or omissions of the BCDA Board, management, and employees, that are deemed illegal and unethical, or those that are in violation of good governance principles and entail unhealthy business practices that are grossly disadvantageous to the government. c. “No Gift” Policy The BCDA’s “No Gift” Policy adheres to the highest form of ethical standards and leads the BCDA organization to demonstrate fairness, professionalism,
and delivery of quality services without expecting any undue favor or reward. d. Code of Conduct and Ethical Standards for Public Officials and Employees Further, the BCDA adheres to Republic Act (RA) No. 6713 or the Code of Conduct and Ethical Standards for Public Officials and Employees. This is cascaded to new employees through the employee orientation program conducted by the Human Resource Management Department. e. Transformation and Core Values Program From 2019 to 2020, the BCDA Corporate Planning Department conducted a series of training workshops on the theme “Transformation and Core Values” for employees across the BCDA Group. The objectives were: (1) to transform employees into self-leaders by discovering themselves, and (2) to create a set of core values that
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would shape the BCDA culture. The three tracks of the program had the following themes: Build Self, Build Strength, and Build Synergy. 2. Compliance with Principles on Sustainable Development The BCDA considers project sustainability in the development of each masterplanned community and in the construction of major infrastructure, with safety, creativity, efficiency, and innovation in mind. Sustainability is the foremost consideration in the development of the BCDA’s flagship project: the New Clark City, envisioned to be the country’s first smart, green, and disaster-resilient metropolis. Its development is driven by the BCDA’s vision to integrate the best practices in urban planning, green city development, and smart-city solutions.
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99.55% C LI E NT S AT IS FAC T I O N R AT I NG
ANOTHER MAJOR RECOGNITION IN 2025. Major recognitions in 2025. The BCDA won international and local awards for the BCDA 2023 Annual Report, themed “One Clark” in the IABC Gold Quill Awards, International Stevie Awards, Asia Pacific Stevie Awards, and the Anvil Awards.
a. Stewardship As a steward of state resources, the BCDA complies with relevant laws and regulations in the implementation of its projects and in its asset disposition activities. This is to ensure that these projects and activities are environment-friendly and consistent with the organization’s sustainable development goals. Primarily, the BCDA takes direction from its Charter, RA 7227, as amended, and Executive Order (EO) No. 62, the Implementing Rules and Regulations of RA 7227, which require environmental impact assessment studies of all major projects. Joint venture projects, on the other hand, are implemented in accordance with the BCDA Guidelines and Procedures for Entering into Joint Venture Agreements with Private Entities, which was patterned after the guidelines of the National Economic and Development Authority and certain provisions of the Build– Operate–Transfer Law. According to the BCDA guidelines, joint venture undertakings may be done through a contractual agreement or through the creation of a separate company. The appropriate joint venture mode, to be determined according to the
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most efficient and financially viable arrangements for the BCDA and joint venture partners, will be created. The guidelines were approved by the Board through Board Resolution No. 2017-09-148. The Board likewise approved the BCDA Asset Disposition Guidelines through Board Resolution No. 2017-09-149. For every development project, there is an approved master plan and design standards to direct project implementation and ensure the optimization of land development. The master plan and design guidelines follow relevant laws and regulations, such as RA 6541 or the National Building Code of the Philippines, and directives of the Department of Environment and Natural Resources and the Civil Aviation Authority of the Philippines.
of former military bases and other properties into premier sustainable centers of economic growth.” The BCDA Manual of Corporate Governance refers to the company’s CSR philosophy, which identifies five major target stakeholders: the Armed Forces of the Philippines, projectaffected communities, the internal organization, the environment, and victims of natural calamities. INSTITUTIONAL MECHANISMS To ensure compliance with corporate governance principles, the Board has created committees to support itself in the performance of its functions: • •
b. Corporate Social Responsibility
•
The BCDA’s stakeholder engagement activities are guided by the BCDA corporate social responsibility (CSR) philosophy, which states: “We at the BCDA are committed to fulfill our mandates to our stakeholders by improving the quality of life of and giving dignity to the workforce, our families, and the communities that we develop through the conversion
•
BCDA 2025 ANNUAL REPORT
•
O rg a n i z at i o n D eve l o p m e n t Committee Audit and Corporate Governance Committee Risk Management, Legal, and External Relations Committee F i n a n c e a n d I nve s t m e n t s Committee Business Development Committee
1. Internal and Audit Controls The Board Audit and Corporate Governance Committee (BACGC) ensures that internal auditors have free and full access to all the company’s
CORPORATE GOVERNANCE records, properties, and personnel which are relevant to the internal audit activities, and that the activities are free from interference. In the past year, the BACGC reviewed the audit reports on the John Hay Management Corporation, the Poro Point Management Corporation, and the BCDA Human Resource Management Processes. The Committee recommended solutions to the Board that would address the audit findings and ensured that the solutions, as concurred by the Board, were promptly acted upon by Management. Furthermore, the Committee ensured that the Internal Audit Services Department (IASD) reviewed the periodic financial statements focusing on the propriety of changes in accounting policies and practices, and significant adjustments resulting from the audit; and checked the financial reports for compliance with both internal financial management policies and pertinent accounting standards, including regulatory requirements. The Committee likewise ensured that the IASD monitored and evaluated the adequacy of BCDA’s internal control systems, and that proper coordination was made with the Commission on Audit. The BCDA continues to improve its internal processes by seeking ce r t i f i c a t i o n f o r i t s Q u a l i t y Management System, pursuant to EO No. 605, which institutionalizes standards and mechanisms in implementing the government quality management program. To date, the BCDA is ISO 9001:2015 certified for its Provision of Conversion and Development Services, Real Estate Management, and Engineering for Land and Assets under the jurisdiction and control of the BCDA. This certification was conferred by third-party auditor TÜV Rheinland Philippines, Inc., contributing to the BCDA’s improved responsiveness to its stakeholders and compliance with world-class standards in customer service.
The ISO 9001:2015 is an internationally accepted standard for quality management and compliance with customer and regulatory requirements. 2.
Risk Management System
The Risk Management, Legal, and External Relations Committee reviews and evaluates legal strategies, risk management measures, and public affairs issues to ensure that risks are identified and are addressed immediately and accordingly. In the past year, the Committee: (1) reviewed and recommended for Board approval the legal strategies on various cases filed by or against the BCDA; (2) assessed the information provided by Management on risk exposures and risk management a c t i v i t i e s ; ( 3 ) rev i ewe d a n d recommended measures on legislative proposals affecting the BCDA; (4) assessed the Annual Planning Program of the Corporate Planning Department as it relates to risk management; and (5) reviewed and evaluated public affairs issues affecting BCDA activities, programs, and projects, as identified and presented by Management. In addition, the Committee reviewed and evaluated
the measures recommended by Management to address such issues for consideration of the Board. To ensure that risk factors encountered by the organization are adequately identified, accurately assessed, and correctly prioritized, the BCDA established the Risk Management System. This is documented through the BCDA Corporate Risk Registry. The risk registry was developed through the concerted effort and inputs of the different BCDA departments and units after a series of workshops headed by the Regulatory, Compliance, and Risk Management Department (RCRMD). The BCDA Risk Registry is a tool for the organization to track and monitor the occurrence of risks. It includes the identified risks, the controls to manage them, their level of severity or impact to the organization, and the risk treatment plan. Regular risk assessment is conducted by all departments in consultation with the RCRMD. Among the identified risks in CY 2025 that are recurring are those that are operational and reputational in nature. Operational risk refers to the untimely implementation of infrastructure projects, while reputational risk relates
Gender and Development Corner
Executive Vice President Atty. Gizela Z. Kalalo during the opening of the Women’s Month celebration.
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In November 2025, BCDA established the GAD Gantimpala award through Office Order No. 2025-028 to recognize departments that successfully integrate gender-responsive considerations into their operations, policies, and budgeting. Jointly managed by the PRAISE Committee and the GAD Focal Point System (GFPS), the process evaluates nominees through strict performance criteria and data validation. This initiative advances the agency’s advocacy by driving systemic gender mainstreaming and fostering an institutional culture of equality.
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STRATEGIC LEADERSHIP IN ACTION. Members of the BCDA Board of Directors and Top Management convene during one of the board meetings for 2025, to discuss organizational priorities in support of its mandate and long-term development goals.
to the presence of unfavorable news against BCDA. With the successful implementation of risk control measures, these risks were mitigated, leading to BCDA’s accomplishment of the strategic targets in 2025. MANAGEMENT OF RISKS IN 2025 The BCDA Management, through the President and Chief Executive Officer, is promoting the consolidation of resources and efforts in the Clark Freeport and Special Economic Zone, which is bannered as the “One Clark” vision. The consolidated resources and efforts are projected to generate increased revenues that will finance the component programs and projects of One Clark. However, challenges in the revenue stream might occur due to the following identified risks: a. Operational Risks With the BCDA being a major development corporation, operational risks on the implementation of infrastructure projects are inherent and unavoidable. S p e c i f i c a l l y, the untimely implementation of infrastructure projects is attributed to the insufficient deployment of manpower, equipment, and materials by the contractor. This will then result in delays in revenue receipt from partners who are expected to benefit from the
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accomplished project. Notably, the BCDA has established control measures to lessen the impact of a potential operation risk. Additionally, the risks identified in the development of New Clark City include the delayed implementation of projects, which can be attributed to the lack of transaction advisors, failure of bidding, and challenges in the clearing operations. To address these issues, BCDA conducted market studies, engaged with global and local experts on the project, and conducted advance clearing activities prior to the awarding of contracts to avoid rightof-way issues. b. Reputational Risk Reputational risks are similarly situated with operational risks. Because the BCDA ventures into projects that are national in scope, unfavorable news is inherent and unavoidable. This news often comes from highimpact projects that have strong opposition arising from legal issues. The BCDA has mitigated these risks through the implementation of a communication plan that counters negative or wrong information. This plan consists of positive stories about the BCDA, improved relationships with all stakeholders and media partners, and the conduct of a series of dialogues with concerned sectors.
BCDA 2025 ANNUAL REPORT
It bears stressing that risks are inherent to any public corporation, more so with the BCDA, which has a national portfolio and has evolved into a major developer in the country today. While these risks are unavoidable, the BCDA has remained steadfast in implementing controls that will help mitigate these risks, ensuring that the programs, projects, and activities of the BCDA are achieved within the prescribed timelines and are compliant with the standards set by the GCG. 3. Fiscal Management The Board Committee on Finance and Investments reviews the financial feasibility of the disposition of BCDA properties through sale, lease, or joint venture agreement, as endorsed by the Business Development Department. The Committee identifies issues, provides guidance, and proposes solutions, as well as formulates policies and guidelines for the annual and supplemental budgets of the BCDA and its subsidiaries, for the Board’s approval. It exercises oversight functions in the fiscal management of BCDA resources and financial oversight on subsidiaries and affiliates, including a review of the proposed budgets and the financial performance of the subsidiaries and affiliates. The Committee also provides guidance for the investment
of corporate funds and reviews the profitability of investments, for the Board’s approval. 4. Business Development The Business Development Committee reviews the strategies and policies that affect the investment climate, marketing, and after-sales service programs of the BCDA. It conducts periodic review and validation to determine the viability of the assets for disposition, as well as regular validation and review of the Comprehensive Integrated Master Development Plan for the BCDA properties to determine how suitable they are against current real estate trends. The Committee also maximizes benefits from the disposition and development of land and other assets through the formulation of a sound and strategic business management framework. 5. Continuing Education The members of the BCDA Board further enhanced their knowledge and skill set as key decision makers through capability building and training activities, which are necessary for them to fully understand and efficiently lead the implementation of good governance principles. The BCDA arranges and funds seminars and training sessions attended by the Board of Directors. The Directors are also regularly updated on laws, rules, and regulations that are applicable to the BCDA. In the past year, the BCDA Board members attended online courses offered by the Institute of Corporate Directors (ICD), among them, the Corporate Governance Orientation Program (CGOP) for GOCCs, ICD Masterclass: The Fifth Series, Sessions 5 and 6 entitled “Fraud Risk Assessment: Important Element of Good Governance,” and “AI Governance and Strategy for Corporate Leaders,” respectively. The
Board members likewise attended the Orientation on Republic Act No. 12009 or the Government Procurement Reform Act, the Integrated Public Transport System Study organized by the Asian Development Bank, and the Global Industry Summit entitled “Bridge for Cities: Fostering Smart and Inclusive Cities in Asia Pacific” organized by the United Nations Industrial Development Organization (UNIDO). 6. BCDA Freedom of Information In compliance with EO No. 2 of 2016, which upholds transparency measures in the Philippine government, the BCDA supports Freedom of Information (FOI) by having its own People’s FOI Manual. FOI supports the constitutional right of the Filipino people to access information on matters that are of public concern. The public may request any information or document regarding the BCDA and its projects via the FOI portal. BOARD APPRAISAL The Board recognizes the importance a n d b e n e f i t s o f co n d u c t i n g regular evaluation to determine its effectiveness. In 2025, the Board conducted a self-assessment to evaluate its performance as a whole and that of its committees. The members of the Board and its Committees accomplished their selfassessment questionnaires, which had questions on the following: leadership, roles and responsibilities, independence, stewardship, and reporting and disclosure.
BCDA 2025 Awards and Recognitions Silver Award ARTA Report Card Survey 2.0 Anti–Red Tape Authority Gold Quill Award of Excellence BCDA 2023 Annual Report: One Clark Gold Quill Awards 2025 Silver Stevie Award BCDA 2023 Annual Report: One Clark International Business Awards 2025 Top-performing GOCCs in the Philippines (6th rank) Governance Commission for Government-Owned or -Controlled Corporations The Manila Times’ Sustainability Champions Nominee The Manila Times Men Who Matter 2025 BCDA President and CEO Joshua M. Bingcang PeopleAsia Men Who Matter 2025 Silver Stevie Award BCDA 2023 Annual Report: One Clark Asia Pacific Stevie Awards 2025 Gold Anvil Awardee BCDA 2023 Annual Report: One Clark Anvil Awards 2025
ATTENDANCE The Board conducted 26 meetings during the year. The high attendance record of the Board members in 2025 demonstrates the Board’s strong commitment to devoting sufficient time and attention to performing their duties and responsibilities.
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2025 Financial Highlights The Bases Conversion and Development Authority (BCDA) achieved strong financial performance in 2025, demonstrating its commitment to prudent fiscal management and strategic asset optimization. Revenue growth was primarily driven by increased rental income, service concession revenues, dividends and income from its placements. BCDA also took direct management of previously leased properties, which opened up new opportunities for recurring revenues in the long term. Furthermore, BCDA enhanced its liquidity and overall financial position through effective working capital management, allowing for greater financial flexibility to support its development initiatives. These accomplishments reinforce BCDA’s financial sustainability and its ongoing ability to transform former military baselands into sustainable, inclusive, and high-value economic centers that contribute to national development.
I. Statement of Financial Position
BCDA’s total assets increased by 1.79%, rising from Php204.7 billion in 2024 to Php208.4 billion in 2025. This growth was primarily driven by the receipt of a Php2.6 billion down payment from the sale of the 64-hectare Villamor property and the Php1.2 billion down payment from the sale of a 1-hectare lot in the Bonifacio Capital District. Receivables also increased by Php2.5 billion due to the execution of the Right-of-Way Usage Agreement.
BCDA’s total liabilities increased by 10% in 2025, rising to Php36 billion from Php33 billion in 2024. This increase was primarily due to the recognition of advance collections and rentals from the sale and lease of certain areas in Villamor and Camp John Hay properties. These liabilities reflect deferred obligations that will be recognized as revenue over time or when contractual terms are fulfilled. BCDA also settled its debt service to Japan International Cooperation Agency (JICA) in the amount of Php855 million for the Subic-Clark-Tarlac Expressway (SCTEX). BCDA’s total equity increased by 1.22%, rising to Php172.1 billion in 2025 from Php171.8 billion in 2024. This growth was driven by recording of net income of Php2.2 billion from operations, after remitting the amount of Php2.2 billion dividends to the National Government for the year 2024.
Table 1. Statement of Financial Position 2025
2024
Audited
(As Restated)
Current Assets
45.585
39.634
Non-Current Assets
162.849
165.135
TOTAL ASSETS
208.434
204.769
Current Liabilities
8.966
8.451
Non-Current Liabilities
27.392
24.532
TOTAL LIABILITIES
36.358
32.983
EQUITY
172.076
171.786
208.434
204.769
(in billions)
TOTAL LIABILITIES AND EQUITY
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FINANCIAL REPORT
II. Statement of Comprehensive Income
BCDA’s gross revenues fell by 42% from Php22.6 billion in 2024 to Php13.2 billion in 2025. This decline was mainly due to the recognition of a one-time gain in the amount of Php 13.9 billion in 2024 related to the sale of 6.1 hectares within the Bonifacio Capital District. On the other hand, BCDA’s business and service income increased by Php3.5 billion from Php7.8 billion in 2024 to Php11.3 billion in 2025, supported by stronger recurring revenues from its primary operations. BCDA received Php3.9 billion concession revenues from the toll and airport operation, Php2.6 billion interest income from placements, Php1.7 billion lease income, Php1.2 billion dividend income, among others. BCDA also recognized a gain of Php1.4 billion from the recording of the building and structures related to the assumption of the leased properties in Camp John Hay.
BCDA’s operating expenses rose by 79% from Php3.6 billion in 2024 to Php6.4 billion. This was due to the recognition of Php1.5 billion impairment losses on unbilled receivables related to the Bonifacio East Joint Venture Project which is a non-cash accounting adjustment reflecting the assessment of recoverability. BCDA also recorded foreign exchange losses of Php293 million related to the JICA debt servicing and Php329 million in bad debts.
Table 2. Statement of Financial Performance 2025
(in billions)
2024 (As Restated)
Gross Revenues
13.226
22.633
Operating Expenses
(6.449)
(3.594)
6.777
19.039
(0.003)
(1.073)
6.774
17.966
Net, Subsidy/Concession Asset and Financial Assistance/Contribution
(4.530)
(2.271)
TOTAL COMPREHENSIVE INCOME
2.244
15.695
Income from Operations Income Tax Expense Income after Tax
Truthfulness and fairness/fair representation of the 2025 Annual Financial Statements/Report included in this publication: “The BCDA Management, led by its President and CEO, has authorized the publication of the said Annual Financial Statements/Report. This is evidenced in Board Resolution No. 2026-06-111.”
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FINANCIAL REPORT
Gross Disposition Proceeds
Php155.68B
increased by
Php7.72B
Php147.96B
from Php147.96B to Php155.68B Php64.11B Php61.99B
Php45.95B Php42.35B
Php14.41B
Php13.76B
Php31.22B
Php29.86B
May 1993–Dec 2024
The total gross proceeds generated by the BCDA from May 1993 to December 2025 arising from the disposition of Metro Manila camps covered by RA 7227 has reached Php155.68 billion. The proceeds increased by 5% compared to the previous year’s Php147.96 billion. The main drivers for the 5% increment were the receipt of disposition proceeds in the amount of Php2.11 billion representing the partial down payment for the disposition of NAIA Terminal III and Php1.9 billion from the joint venture for the Bonifacio Capital District Mixed Use Development, Php1.20 billion from the sale of a 10,000-square-meter lot in Navy Village, and
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May 1993–Dec 2025
Php1.12 billion in dividends from BCDA’s affiliates. Other contributors to the growth were the proceeds from existing leases and joint venture agreements, installment sale, and other receipts totaling Php1.39 billion. The Php155.68 billion total disposition proceeds consist of Php64.11 billion from joint ventures, Php45.94 billion from sales, Php14.41 billion from leases, and Php31.22 billion from other receipts. This is based on actual cash generated except for replication projects undertaken by the developer and recorded as part of the gross proceeds.
BCDA 2025 ANNUAL REPORT
FINANCIAL REPORT
Breakdown of Gross Disposition Proceeds
Php52.25B
Php65.85B
BCDA Share
AFP Share
42%
Php22.59B 34%
Php0.58B LGU
Total
0.4% 0.6%
Php0.79B
Non-Military Replication Expenses
Php155.68B
5%
7% 5%
Php8.22B
For Distribution upon approval of DND/DOF/BCDA
Php7.23B
6% Php11.24B Php9.52B
Direct Expenses
Tax, Duties, and Fees
Other Beneficiary Agencies
*Period: May 1993 to December 2025 The Armed Forces of the Philippines (AFP) is the biggest beneficiary of the disposition proceeds, receiving Php65.85 billion, equivalent to 42% of the total disposition proceeds generated since 1993. The AFP share consisted of Php54.73 billion for the AFP Modernization Program and Php11.12 billion for the replication of military facilities in Fort Bonifacio and Villamor Air Base. The replication projects totaling Php11 billion and funded by the General Appropriations Act are not yet included in the AFP share. The share of the BCDA accounted for 34% or Php52.25 billion, while the share of other beneficiary agencies represented 6% or Php9.52 billion of the total. Local government units also benefited from the asset disposition program, with the receipt of Php577 million of the proceeds.
of informal settlers, survey, titling, appraisal, and administrative expenses; and Php790 million for the replication of non-military facilities. On the other hand, Php8.22 billion, rrepresenting 5% of the gross disposition proceeds received in 2025, is for distribution to the AFP and other beneficiary agencies. By law, the AFP’s share comprises 35% of sale transactions and 50% of non-sale transactions. The BCDA share of 27.5% from sale transactions and 50% from non-sale transactions is used to fund its operations, the development of former military bases, and the construction of support infrastructure projects on its properties.
The BCDA remits the proceeds from the disposition program annually to the Bureau of the Treasury. After Disposition-related expenses deducted from the gross remittance, it is the responsibility of the Department of proceeds include Php11.24 billion for taxes, duties, Budget Management to release the respective shares of and fees; Php7.23 billion in direct expenses for onsite the beneficiary agencies based on the budget execution development and infrastructure projects, the relocation guidelines and the approved fiscal program of the FROM BASES TO BETTER LIVES BCDA 2025 ANNUAL REPORT 89 government.
FINANCIAL REPORT
Total Remittance to the National Government
6%
increase Php96.16B
increased by
Php5.45B
Php90.71B
The BCDA’s total remittance to the national government from May 1993 to December 2025 has reached Php96.16 billion or an increase of 6% compared to the previous year’s Php90.71 billion, to improve state coffers while supporting the modernization of the country’s armed forces.
1993–2024
from Php90.71B to Php96.16B
90
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1993–2025
AFP Share
5%
in the disposition proceeds increased by
increase
Php3.05B in 2025
Php65.85B Php62.16B
from Php62.80B to Php65.85B
In 2025, the total share of the AFP in the asset disposition proceeds increased by Php3.05 billion, or 5% from Php62.80 billion to Php65.85 billion.
1993–2024
FROM BASES TO BETTER LIVES
1993–2025
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91
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Standing from left Mr. Roberto A. Flores Mr. Rolen C. Paulino, Sr. Mr. Leon Gonzalo G. Montemayor Mr. Jose R. Taruc V Chairperson Atty. Hilario B. Paredes Mr. Gerard R. Seno Atty. Anthony Marvin G. Ponce de Leon Seated Vice Chairperson Engr. Joshua M. Bingcang
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Profile performance, and then attaining his Juris Doctor degree from the Ateneo de Manila University, in 1996 at the age of 23 – ranking fifth from the top of his batch. While attending Ateneo Law School, he undertook a clerkship under then-RTC Judge Lucas P. Bersamin, who later became the Chief Justice of the Supreme Court. ATTY. HILARIO B. PAREDES Chairperson, Bases Conversion and Development Authority Chairman, Heritage Park Management Corporation Chairman, North Luzon Railways Corporation Chairman, Filinvest BCDA Clark, Inc. Chairman, Philippine Japan Initiative for Clark, Inc. Vice Chairman, Fort Bonifacio Development Corporation Member, Board of Directors, Bonifacio Communications Corporation Member, Board of Trustees, Bonifacio Art Foundation, Inc. Member, Subic-Clark Alliance for Development Council Member, Semiconductor and Electronics Industry Advisory Council 53, Filipino Date of Appointment: Oct. 28, 2024 Date of Oath: Oct. 29, 2024 Known to his colleagues and peers as “Larry,” Chairperson Paredes is a seasoned lawyer, an astute businessman, and a dedicated and effective public servant whose work lies at the intersection of law, entrepreneurship, and public service. As a lawyer, Chairperson Paredes is an expert in Corporate and Commercial Law, Telecommunications, Infrastructure and BOT (Toll Roads/Rail), Banking and Corporate Finance, Immigration Law, Labor and Employment Law, and Litigation. Chairperson Paredes holds an exemplary and strong academic foundation starting with his elementary and high school education, having graduated as valedictorian of his high school batch in 1988 from the Divine Word College of Bangued in the province of Abra. He then pursued his dream to become a lawyer, earning his pre-law degree in AB Polical Science in 1992 from Ateneo de Manila University, again with excellent academic
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More recently, in 2023, he broadened his policy expertise by completing a course in Public Policy at the Lee Kuan Yew School of Public Policy, National University of Singapore, and good governance courses and seminars at the Institute of Corporate Directors (ICD). He also took certificate courses on Techniques of Financial Analysis at the Ateneo-BAP Institute of Banking in 2003, Financial Statement Analysis and Forecasting at the Development Center for Finance, UP College of Business Administration in 2001, and Basic Course on Thrift Banking Operations in 2002 at the Bangko Sentral ng Pilipinas Institute. He also successfully completed courses in Artificial Intelligence for Business from the Wharton Online, University of Pennsylvania, and Entrepreneurship in Emerging Economies from Harvard, an online learning initiative of Harvard University. With almost three decades of legal, executive and entrepreneurial experience, Chairperson Paredes has built a career characterized by excellence, integrity, innovation, and social service. After passing the 1996 bar examinations, he began his career as an associate at top-tier law firms, such as the Law Firm of Alan F. Paguia (1996–1997), and Castillo Laman Tan Pantaleon & San Jose Law Offices (1998–1999)—and notably becoming the youngest partner at Puyat Jacinto and Santos Law Office in 2003, just three years after joining the firm in 2000. In 2006, he founded a law firm now known as Paredes Law Group—a full–service firm that combines rigorous legal expertise with a culture of mentorship of emerging lawyers. For over a decade, from 2001 to 2012, he was the Council Secretary of the Capital Market Development Council—a joint government (DOF, BSP, IC, AMLC) and private sector (FINEX, BAP, IHAP, PLIA, FIE) association chaired by the Secretary of the Department of Finance. He also served as Special Assistant to the Secretary of Finance in 2001.
BCDA 2025 ANNUAL REPORT
Corollary to his legal career, Chairperson Paredes is the Chairman and President of various corporations such as Paredes Holdings, Inc., Prime Logistics and Consultancy, Inc., North Tel Trading, Inc., Centel Trading, Inc., and several diversified ventures across real estate, logistics, telecommunications, and consultancy services. In the field of education, he is the Chairman and President of the Asian Center for Legal Excellence, Inc. (ACLEx)—a Supreme Court–accredited provider and institute for mandatory continuing legal education (MCLE) for lawyers. ACLEx is currently one of the biggest MCLE providers in the country, having served about 10,000 lawyer participants in over 15 years. In the field of sports, Chairperson Paredes served as the Executive Director of the Philippine National Shooting Association (PNSA) under the Philippine Sports Commission (PSC), duly recognized as the sport association for shooting by the Philippine Olympic Committee (POC). He also had a brief stint as an alternate governor of the Philippine Basketball Association (PBA) for GlobalPort, and is also a graduate and member of the Highway Patrol Group Riding Club and part of the elite Master Riders Limited. Currently appointed as the Chairperson of the BCDA, he brings a dynamic and transformational leadership with compassion—championing a governance model built on transparency, innovation, and positive social impact. With his extensive experience in business and expertise in the fields of infrastructure, real estate, publicprivate partnership (PPP) law, corporate and commercial law, litigation, BOT law, banking and corporate finance, Chairperson Paredes is known for delivering high-impact results through principled and strategic leadership. His version of transformational leadership with compassion is a combination of visionary change-driven leadership with a deep sense of empathy and care for others. He leads people toward a bold vision without losing sight of their wellbeing. Chairperson Paredes likewise actively promotes a culture where people feel inspired and valued, leading people to grow and contribute to national development. Chairperson Paredes draws from a deep legacy of legal service, coming from
a proud line of legal professionals: his father, Atty. Romulo V. Paredes; his uncle, former Abra Provincial Fiscal Sergio V. Paredes; and his grandfather, Judge Federico B. Paredes—to whom he credits and dedicates his success. Outside of his professional endeavors, he is a creative and adventurer at heart— pursuing painting, shooting, motorcycle travel and drone flying as personal outlets for exploration.
ENGR. JOSHUA M. BINGCANG President and CEO, Bases Conversion and Development Authority Vice Chairperson and Member, Board of Directors, Bases Conversion and Development Authority Vice Chairperson, Clark International Airport Corporation Vice Chairperson and Member, Board of Directors, North Luzon Railways Corporation Member, Board of Directors, Fort Bonifacio Development Corporation Member, Board of Directors, Bonifacio Estate Services Corporation Member, Board of Directors, Bonifacio Global City Estate Association Member, Board of Directors, Bonifacio Water Corporation Member, Board of Directors, Bonifacio Transport Corporation Member, Board of Directors, Crescent West Development Corporation Member, Board of Directors, Philippine Japan Initiative for Clark, Inc. Member, Board of Trustees, Heritage Park Management Corporation Member, Board of Trustees, Fort Bonifacio Development Foundation, Inc. Member, Subic-Clark Alliance for Development Council
Engr. Joshua M. Bingcang is a pioneer, homegrown BCDA officer whose expertise has been helping the company grow for the past 27 years. As the BCDA’s president and CEO, Bingcang brings to the table his vast experience in handling high-impact development projects in various capacities. Among these are the construction of the Subic-Clark-Tarlac Expressway (SCTEx), the construction of the first phase of the National Government Administrative Center in New Clark City, the expansion of the Clark International Airport, and the continued development of the Clark Freeport Zone.
ATTY. ANTHONY MARVIN G. PONCE DE LEON
While serving as BCDA senior vice president for the Conversion and Development Group, he took the lead in formulating business strategies and overseeing the construction of New Clark City—the first smart, green, and resilient metropolis in the Philippines. In March 2023, President Ferdinand R. Marcos Jr. named him president and CEO of the Clark International Airport Corporation (CIAC), a BCDA subsidiary. In June of the same year, President Marcos reappointed him to the BCDA as its President and CEO, allowing him to resume close to three decades of service to the institution. “Jake,” as he is known at the BCDA, envisions consolidating all the resources of the BCDA: its business districts in former Metro Manila camps (Bonifacio Global City and Newport City) and the zones under its stewardship (Clark Freeport and Special Economic Zone, John Hay Special Economic Zone, Poro Point Freeport Zone, and the Bataan Technology Park).
Member, Board of Directors, Bases Conversion and Development Authority Member, Board of Directors, North Luzon Railways Corporation Member, Board of Directors, Fort Bonifacio Development Corporation Member, Board of Directors, Bonifacio Water Corporation Member, Board of Directors, Shin Clark Power Corporation Member, Board of Trustees, Rosehills Memorial Management Inc. 59, Filipino Date of Appointment: Dec. 28, 2022 Date of Oath: Jan. 10, 2023 Atty. Ponce de Leon joined the corporate world in 1986 as area manager for Cagayan de Oro, Bukidnon, and Iligan for Procter and Gamble Philippines. In 1988, he joined the Ponce Industrial Sales Corporation based in Cagayan de Oro as a manager, a position he held until 1991. He then studied law, obtaining his law degree from the Ateneo de Davao University in March 1995, and passed the bar in 1996. For the past 28 years, he has practiced law, specializing in corporate, election, and criminal law.
This native of Pampanga holds a master’s degree in Business Administration from the University of the Philippines. He took part in the Executive Training Program in Urban Policy and Governance of the Nanyang Technological University in Singapore and in the training on public–private partnership at the Harvard Kennedy School, Massachusetts, U.S.
In 2001, he worked as assistant legal counsel for Ruthie Guingona, then a vice gubernatorial candidate for Misamis Oriental who became governor in 2003. He also worked as the regional coordinator for the senatorial campaign of Juan Castañer Ponce Enrile Jr. for Regions 9 (Zamboanga Peninsula) and 10 (Northern Mindanao) in 2013. In 2016, “Atty. Pocholo,” as he is fondly called by friends, was selected to handle all election-related issues for the vice presidential bid of now-President Marcos.
52, Filipino Date of Appointment: June 02, 2023 Date of Oath: June 06, 2023
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In 2022, he trained poll watchers and the legal team of Marcos and Sara Duterte for Mindanao. He was president of the Macajalar Eagles Club for three consecutive terms, from 2013 to 2015, and then got re-elected from 2020 to Eagle Year 2022.
He was the Grand Master of the Most Worshipful Grand Lodge of Free and Accepted Masons of the Philippines in 2021. He was also the past potentate of the Mabuhay Shriners Philippines, a philanthropic organization treating children up to 18 years of age who have orthopedic conditions, burns, spinal cord injuries, cleft lip and palate, and other medical conditions.
MR. ROLEN C. PAULINO, SR. Member, Board of Directors, Bases Conversion and Development Authority Member, Board of Directors, North Luzon Railways Corporation Member, Board of Directors, Fort Bonifacio Development Corporation Member, Board of Directors, New Clark Government Center Corporation 63, Filipino Date of Appointment: April 25, 2023 Date of Oath: May 05, 2023 Mr. Paulino began his career in public service as a city councilor then vice mayor and later, mayor of Olongapo City in the Province of Zambales. He became known for his dedication to his work, his passion to excel, and the values of transparency and good governance.
MR. GERARD R. SENO Member, Board of Directors, Bases Conversion and Development Authority Member, Board of Directors, North Luzon Railways Corporation Member, Board of Directors, Fort Bonifacio Development Corporation Member, Board of Directors, Bonifacio Estate Services Corporation Member, Board of Directors, Bonifacio Global City Estate Association Member, Board of Directors, Filinvest BCDA Clark, Inc. Member, Board of Directors, Philippine Japan Initiative for Clark, Inc. 66, Filipino Date of Appointment: May 26, 2023 Date of Oath: June 01, 2023
In March 2022, President Rodrigo Roa Duterte appointed him chairperson and administrator of the Subic Bay Metropolitan Authority (SBMA), where he led with his “Fast, Friendly, and Flexible” mantra. This resulted in a more favorable business environment for the stakeholders and locators of the Subic Bay Freeport Zone, delivering a range of benefits.
Mr. Seno is a labor rights advocate and an educator. His wide range of expertise includes project development, monitoring, and implementation; union organizing; workers’ education; construction health and safety; the organization and management of cooperatives; labor policy and advocacy; industrial relations; and collective bargaining.
Aside from being a public servant, Rolen (as he is known to the Olongapeños) is a sports enthusiast. He is a former clerk of course of the Subic Bay International Raceway, and a holder or member of the Fédération Internationale de l’Automobile (FIA), Fédération Internationale de Motocyclisme (FIM), and Vice President of the Philippine Lawn Tennis Association. In his free time, he plays chess, tennis, and golf.
He is currently the national president of the Associated Professional, Supervisory, Office, and Technical Employees Union; and the national executive vice president of the Associated Labor Unions and the Associated Philippine Seafarers Union (APSU). He is also the vice president, National Executive Board member, and General Council member of the Trade Union Congress of the Philippines. As such, he has participated in numerous international seminars and conferences,
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among them the International Labor Conference in Geneva, Switzerland, from 2012 to 2019 and in 2023. In addition, Mr. Seno is the labor sector representative of various tripartite industry councils such as the National Tripartite Industrial Peace Council, and the Overseas Land-based Tripartite Consultative Council. He is also a mill worker sector representative of the Sugar Tripartite Council, and a member of the Board of Trustees and vice chairman of the Sugar Industry Foundation, Inc. He was first appointed to the BCDA Board of Directors in April 2001, a position he held until April 2011. He was reappointed to the position in September 2015, where he served until January 2018. In May 2023, he was again reappointed by President Marcos. Mr. Seno obtained his Bachelor of Laws in 1986, following his Bachelor of Science in Business Administration in 1981, both from the University of San Carlos, Cebu City.
MR. ROBERTO A. FLORES Member, Board of Directors, Bases Conversion and Development Authority Member, Board of Directors, North Luzon Railways Corporation Member, Board of Directors, Fort Bonifacio Development Corporation Member, Board of Directors, Bonifacio Estate Services Corporation Member, Board of Directors, Crescent West Development Corporation 80, Filipino Date of Appointment: May 13, 2024 Date of Oath: Sept. 09, 2024 Mr. Flores is a seasoned labor advocate, having held various positions in various capacities with labor organizations and labor groups. Since 1992, he has been a member of the National Executive Board of the National Trade Union Center and has served as president of Alyansa ng mga Manggagawa at Pilipinong Organisado from 1998 to the present.
From 1990 to 1998, he was a country delegate and representative to notable international labor conferences, including the 1998 Israel Labor Party Convention in Tel Aviv, Israel; 1998 International Labor Organization Convention in Geneva, Switzerland; and 1990 American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) Convention in Los Angeles, California, U.S.A. He also attended a three-month course on labor relations at the University of the Philippines. Mr. Flores, also called “Bob,” was appointed to the Board of Trustees of the Pag-IBIG Fund in 1990, where he served until 2001. Likewise, he was a member of the Board of the BCDA from 1992 to 2001, and of the Fort Bonifacio Development Corporation (FBDC) from 1997 to 2001. Mr. Flores also served on the Board of Directors of the Clark Development Corporation (CDC) from 1994 to 1997. Previously, Mr. Flores was a city councilor of Olongapo City and a member of the Legislative Executive Bases Council.
MR. LEON GONZALO G. MONTEMAYOR Member, Board of Directors, Bases Conversion and Development Authority Member, Board of Directors, North Luzon Railways Corporation Member, Board of Directors, Bonifacio Water Corporation Member, Board of Directors, Fort Bonifacio Development Corporation
He was past president of Hijos de Davao, board member of the Rotary Club of West Davao, past officer of Bomberos de Davao, and member of the PhilippineJapanese Friendship Society. Mr. Montemayor was also commissioner of the Philippine Sports Commission (PSC) from 2002 to 2007. During his stint with the PSC, he advocated for better harmony and partnership with the Philippine Olympic Committee as well as with its partner agencies and stakeholders, for the promotion of sports excellence and the unity of sporting bodies in the country. He implemented and supported locally initiated grassroots and “sports for all” programs with stakeholders in Mindanao for both in- and out-of-school youth, the elderly, women’s groups, differently abled persons, indigenous peoples, religious communities, sports associations, and sports writers, among others. As Executive Committee chairman and commissioner-in-charge of Sports for Peace, a program in Mindanao, he was instrumental in creating the Trainers and Officials Program–Scientific Training for Athletes in 2002, as an initiative for unity among Christians, Lumads, and Muslims. He also provided hands-on training to local coaches and athletes in selected sports, in order to promote world-class training in the provinces of Mindanao. During his term as the commissioner-incharge of the Mindanao Games 2003 in Mati, Davao Oriental, the event drew in the participation of 47 local government units in Mindanao and over 4,500 athletes and officials. Mr. Montemayor holds master’s degrees in hotel and restaurant management from the New York University, U.S., and business administration from Ateneo de Davao University.
MR. JOSE R. TARUC, V Member, Board of Directors, Bases Conversion and Development Authority Member, Board of Directors, North Luzon Railways Corporation
FROM BASES TO BETTER LIVES
Jose Taruc V has committed his career to public service, governance, and community welfare, holding key positions across government, media, and humanitarian initiatives. His professional journey began in 2000 as a program coordinator at Manila Broadcasting Company’s DZRH, where he played a pivotal role in enhancing public engagement and ensuring the widespread dissemination of critical news and community programs. His dedication to social responsibility was further demonstrated through his leadership of DZRH Operation Tulong, where he spearheaded annual relief operations in his hometown of Nueva Ecija, providing essential aid to communities affected by natural disasters and crises. In 2004, he transitioned into public administration, joining the Light Rail Transit Authority (LRTA) as a Senior Policy Staff Officer in the Policy Cluster. For two years, he worked on policy development, helping shape strategies to improve the country’s rail transit system. Additionally, in 2005, he became the Overall Coordinator for the Human Resource Cluster at LRTA. In this capacity, he oversaw personnel management and workforce efficiency, ensuring that operations ran smoothly and effectively. He lent his expertise to national security efforts, serving as an Intelligence Group Consultant for the Philippine AntiSmuggling Group from August 2007 to July 2008. In this role, he contributed to efforts aimed at protecting the country’s economy by assisting in operations to combat smuggling. His public service continued when he was appointed to the Board of Directors of the Philippine Charity Sweepstakes Office (PCSO) in September 2008, a position he held until June 2010. As a board member, he was responsible for ensuring that the organization’s funds were properly allocated to support charitable initiatives, reinforcing transparency and accountability in the agency’s mission.
74, Filipino Date of Appointment: May 13, 2024 Date of Oath: May 17, 2024 Mr. Montemayor brings with him long and extensive experience in both the public and private sector. He has held leadership positions in various corporations and organizations, including general manager of Garcia Theatrical Co., Inc., proprietor of LGM Trading Company, and general manager of Xenon Insurance Corporation. Currently, he is president of Villa Margarita Corporation, and director of the Cagayan Economic Zone Authority.
48, Filipino Date of Appointment: March 03, 2025 Date of Oath: March 07, 2025
With a career that spans governance, policymaking, media, and humanitarian work, Jose Taruc V has consistently demonstrated his ability to lead, strategize, and serve. His dedication to public service remains unwavering, and his impact on various sectors continues to leave a lasting mark.
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Top Management
Engr. Mark P. Torres
Officer-in-Charge Senior Vice President for Conversion and Development
Ma. Hedda Lourdes Y. Rulona
Senior Vice President for Investment and Financial Management
Atty. Elvira V. Estanislao
Senior Vice President for Corporate Services
Engr. Joshua M. Bingcang President and CEO
Atty. Gisela Z. Kalalo
Executive Vice President and COO
Atty. Diana Joyce N. Basco-Galera
Senior Vice President for Legal Services
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Management
2025 BCDA FROM BASES ANNUAL TO BETTER REPORT LIVES
FROM 2025 BCDA BASES ANNUAL TO BETTER REPORT LIVES
99
MANAGEMENT DIRECTORY OFFICE OF THE CHAIRPERSON
LEGAL SERVICES GROUP
ATTY. HILARIO B. PAREDES Chairperson Tel.: (632) 8575-1700 ext. 1702 to 1703 Email: oc@bcda.gov.ph
Office of the Senior Vice President for Legal Services ATTY. DIANA JOYCE N. BASCO-GALERA Senior Vice President Tel.: (632) 8575-1700 ext. 1759 Email: lsg@bcda.gov.ph
Board Secretariat ATTY. MARICEL C. SANTOS Corporate Secretary Tel.: (632) 8578-1700 ext. 1715 to 1716 Email: bsrc@bcda.gov.ph Internal Audit Services Department MARVIN D. OBAOB Assistant Vice President Tel.: (632) 8575-1700 ext. 1741 Email: iasd@bcda.gov.ph OFFICE OF THE PRESIDENT AND CEO ENGR. JOSHUA M. BINGCANG President and CEO Tel.: (632) 8575-1700 ext. 1705 to 1706 (632) 8816-0915 Email: op@bcda.gov.ph ATTY. ELVIRA V. ESTANISLAO Head Executive Assistant Tel.: (632) 8575-1700 ext. 1720 Email: op@bcda.gov.ph Public Affairs Department LEILANI BARLONGAY-MACASAET Vice President Tel.: (632) 8575-1700 ext. 1732 Email: pad@bcda.gov.ph OFFICE OF THE EXECUTIVE VICE PRESIDENT ATTY. GISELA Z. KALALO Executive Vice President Tel.: (632) 8575-1700 ext. 1709 or 1711 Email: oevp@bcda.gov.ph Corporate Planning Department JOCELYN L. CANIONES Vice President Tel.: (632) 8575-1700 ext. 1730 Email: corplan@bcda.gov.ph Subsidiaries, Affiliates, and Projects Monitoring Department ATTY. MARIA SOLEDAD C. SAN PABLO Vice President Tel.: (632) 8575-1700 ext. 1738 Email: sapmd@bcda.gov.ph Legislative-Executive Liaison Office PATRICK ROEHL C. FRANCISCO Vice President Tel.: (632) 8575-1700 ext. 1731 Email: legislative@bcda.gov.ph Gender and Development Focal Point System ATTY. BLAISE MARIE E. MALABANAN Vice President Tel.: (632) 8575-1700 ext. 1728 Email: gfps@bcda.gov.ph bamalabanan@bcda.gov.ph
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Legal Services Department ATTY. CHRISTIAN T. DULDULAO Officer-In-Charge Tel.: (632) 8575-1700 ext. 1728 Email: lsd@bcda.gov.ph Regulatory, Compliance, and Risk Management Department ATTY. FERNANDO T. GALLARDO, JR. Vice President Tel.: (632) 8575-1700 ext. 1749 Email: rcrmd@bcda.gov.ph CONVERSION AND DEVELOPMENT GROUP Office of the Senior Vice President for Conversion and Development ENGR. MARK P. TORRES Officer-in-Charge Tel.: (632) 8575-1700 ext. 1753 Email: cdg@bcda.gov.ph Business Development Department MARY GRACE C. PEREZ Vice President Tel.: (632) 8575-1700 ext. 1757 Email: bdd@bcda.gov.ph Engineering and Social Support Department ENGR. VERGEL Q. PARAS Officer-in-Charge Tel.: (632) 8575-1700 ext. 1762 Email: essd@bcda.gov.ph Land & Assets Development Department ENGR. RICHARD BRIAN M. CEPE Vice President Tel.: (632) 8575-1700 ext. 1813 (6345) 499-8617 Email: ladd@bcda.gov.ph Strategic Projects Management Department ENGR. RANDY S. VIACRUSIS Vice President Tel.: (632) 8575-1700 ext. 1814 (6345) 499-8617 Email: spmd@bcda.gov.ph Investment Promotions and Marketing Department ERWIN KENNETH R. PERALTA Vice President Tel.: (632) 8575-1700 ext. 1721 Email: marketing@bcda.gov.ph Subic-Clark Railway Project BCDA Land Titling and Segregation Program Management Team ENGR. RICHARD BRIAN M. CEPE Project Director Tel.: (632) 8575-1700 ext. 1803 Email: scrprc@bcda.gov.ph ladd@bcda.gov.ph
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BCDA 2025 ANNUAL REPORT
INVESTMENT AND FINANCIAL MANAGEMENT GROUP Office of the Senior Vice President for Investment and Financial Management HEDDA LOURDES Y. RULONA Senior Vice President Tel.: (632) 8575-1700 ext. 1765 Email: ifmg@bcda.gov.ph Accounting and Comptrollership Department DESIREE S. PARAS Officer-In-Charge Tel.: (632) 8575-1700 ext. 1766 Email: acd@bcda.gov.ph Budget and Revenue Allocation Department MARY GRACE G. DARUNDAY Vice President Tel.: (632) 8575-1700 ext. 1776 Email: brad@bcda.gov.ph Treasury and Project Finance Department MADONNA M. CINCO Vice President Tel.: (632) 8575-1700 ext. 1773 Email: tpfd@bcda.gov.ph CORPORATE SERVICES GROUP Office of the Senior Vice President for Corporate Services ATTY. ELVIRA V. ESTANISLAO Senior Vice President Tel.: (632) 8575-1700 ext. 1778 Email: csg@bcda.gov.ph Human Resource Management Department DARYL D. ANGELES Officer-In-Charge Tel.: (632) 8575-1700 ext. 1796 Email: hrmd@bcda.gov.ph Information and Communications Technology Department VIRGIL M. ALVAREZ Vice President Tel.: (632) 8575-1700 ext. 1746 Email: ictd@bcda.gov.ph Property and Procurement Management Department MARIA JOSEFINA V. PE Vice President Tel.: (632) 8575-1700 ext. 1780 Email: ppmd@bcda.gov.ph Security Management Department DEAN S. MONTALBAN Officer-In-Charge Tel.: (632) 8575-1700 ext. 1793 Email: smd@bcda.gov.ph COMMISSION ON AUDIT KARLO JOSEPH C. PASION Supervising Auditor Tel.: (632) 8575-1700 ext. 1719 Email: coa@bcda.gov.ph
THANK YOU! Subsidiaries
Affiliates
Clark Development Corporation Bldg. 2122, Elpidio Quirino St. Clark Freeport Zone 2023 Pampanga, Philippines Tel. No.: (63) (45) 8599-9000/8599-2092 Fax: (63) (45) 8599-2507 Email: info@clark.com.ph Website: www.clark.com.ph Atty. Edgardo D. Pamintuan Chairperson Atty. Agnes VST Devanadera President and CEO
Bonifacio Estate Services Corporation 2/F, Bonifacio Technology Center 31st St. corner 2nd Ave. Bonifacio Global City Taguig City, Philippines Tel. No.: (632) 8816-3601 Fax: (632) 8818-1603 Email: info@bgc.com.ph Website: www.bgc.com.ph
Clark International Airport Corporation CIAC Corporate Office Bldg. Civil Aviation Complex Bonifacio Dr., Clark Freeport Zone 2023 Pampanga, Philippines Tel./Fax No.: (63) (45) 8599-2888 Email: publicaffairs@ciac.gov.ph Website: www.ciac.gov.ph Secretary Giovanni Z. Lopez Chairperson Mr. Joseph P. Alcazar President and CEO John Hay Management Corporation JHMC Office Complex John Hay Special Economic Zone Camp John Hay Baguio City 2600, Philippines Tel./Fax No.: (074) 422-4360 Email: mgmt@jhmc.com.ph Website: www.jhmc.com.ph Mr. Jose Emmanuel P. Guillermo Chairperson Mr. Manjit I. Singh Reandi President and CEO Poro Point Management Corporation Gov. Joaquin L. Ortega Ave. Poro Point Freeport Zone San Fernando City La Union 2500, Philippines Tel No.: (63) (72) 242-4016 Fax: (63) (72) 242-0683 Email: poropointfreeportzone@gmail.com Website: www.poropointfreeport.gov.ph Mr. Nicky A. Oller Chairman of the Board Mr. Servillano C. Flores, Jr. Interim President and CEO
Fort Bonifacio Development Corporation 2/F, Bonifacio Technology Center 31st St. corner 2nd Ave. Bonifacio Global City Taguig City, Philippines Tel. No.: (632) 8816-3601 Email: info@bgc.com.ph Website: www.bgc.com.ph
PUBLICATIONS TEAM Leilani Barlongay-Macasaet Editor-in-Chief
Bonifacio Art Foundation, Inc. The Mind Museum JY Campos Park 3rd Ave., Bonifacio Global City Taguig City, Philippines Tel. No.: (632) 7796-018 Email: inquiry@themindmuseum.org. Website: www.themindmuseum.org
Isabel L. Templo Executive Editor Denver A. Moreno Managing Editor Janine Alexis P. Miguel Associate Editor
Bonifacio Communications Corporation c/o Philippine Long Distance Company Ramon Cojuangco Bldg. Makati Avenue Makati City, Philippines Tel. No.: 171 or 1-800-1888-9090 Fax: (632) 8909-6463 Bonifacio Water Corporation 38th Drive, University District Bonifacio Global City Taguig City, Philippines Tel. No.: (632) 8818-3601
Zilpah I. Tabanera Associate Creative Director Mode Matrix Manila, Inc. Copy, Design and Layout, Photography Writers Jocelyn de Jesus Caroline Howard Homer Novicio Editorial Committee Alyza Joyce Y. Alvarez Garry A. Cativo Mariedel Irish U. Catilogo Chrisee Jalyssa V. Dela Paz John Emil C. Flores Samuel Luke M. Galivo Mary Grace C. Padin Marianne B. Royulada Michelle Anne P. Soliman Maricar Gay S. Villamil
Subic Bay Metropolitan Authority Bldg. 229, Waterfront Road Subic Bay Freeport Zone, Philippines Tel. No.: (63) (47) 8252-400 Fax: (63) (47) 8252-4185 Website: www.mysubicbay.com Subic-Clark Alliance for Development G/F, Bldg. 2127 CDC Corporate Headquarters E. Quirino cor. C. Garcia Sts. Clark Freeport Zone, Philippines Tel. No.: (63) (45) 8599-7418 Fax: (63) (45) 8599-7499 Email: mail@scadcouncil.com Website: www.scadcouncil.co FROM BASES TO BETTER LIVES
Clark Development Corporation Clark International Airport Corporation Consuelo by Chef Vince Garcia Fifth on 5th, PSE Tower Fort Bonifacio Development Corporation Hann Development Corporation John Hay Management Corporation LIPAD Corporation Maj Gen. Florante P. Sison Mario’s Clark Megaworld Corporation Morong Discovery Park National Academy of Sports Poro Point Management Corporation The Canyon at Swissotel Clark Tito Boy by Chef Bong Sagmit University of the Philippines
Editorial Assistant Miraya A. Babon
The cover of the BCDA Annual Report 2025 is printed on Lustro Contemporary White paper from sustainably managed forests and certified by the Forest Stewardship Council (FSC) using the FSC Chain of Custody standards. The inside pages are printed on Toccata Extra White paper, an acid-free, low-carbon made, Elemental Chlorine Free (ECF) paper. It is also FSC certified and has an ISO 14001 Environmental BCDA 2025 ANNUAL REPORT 101 Certification.
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FROM BASES TO BETTER LIVES
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BCDA 2025 ANNUAL REPORT