Clark International Airport Corp. (CIAC) and John Hay Management Corp. (JHMC) signed a memorandum of understanding to boost cooperation on joint programs and exchange best practices, according to state-run Bases Conversion and Development Authority (BCDA),
The agreement aims to accelerate growth within the Clark Aviation Capital and the John Hay Special Economic Zone.
BCDA said Tuesday it fully supports the partnership between its subsidiaries, noting it would sharpen the competitiveness of Clark and Camp John Hay in the regional investment landscape.
“This partnership sends a clear signal that collaboration is our competitive edge. If we want to go head-to-head with our ASEAN neighbors, we need scale, synergy, and a unified front,” BCDA president and chief executive Joshua Bingcang said.
Bingcang said the partnership is expected to yield concrete developments, with BCDA committed to providing the necessary support and funding to move initiatives forward.
Under the agreement, CIAC will share its expertise in investment planning and brand building, while JHMC will support CIAC’s efforts in forest management and urban renewal, aligning with both agencies’ push for sustainability.
The collaboration is also expected to expand into other areas such as research and development, training and internship programs, aviation initiatives, tourism promotion, and human resource development.
“Our collaboration opens the door to various areas of joint interest. This will not only benefit our individual mandates but also enhance our collective contribution to national development,” CIAC president and chief executive Joseph Alcazar said.
JHMC president and chief executive Manjit Singh Reandi shared a similar sentiment, noting that the memorandum would promote mobility, tourism and inclusive economic development.
“It shows what we can accomplish when we break down silos and build bridges between institutions,” he said.
Following the MOU signing, Bingcang urged other BCDA subsidiaries to adopt similar collaborative approaches, adding that unified efforts are key to achieving long-term development goals.
