Business groups in Central Luzon expressed support for the proposed amendments to Republic Act 7227, which governs the Bases Conversion and Development Authority (BCDA).
The groups said in a statement the proposed changes would promote inclusive communities and stimulate economic growth in the region and the entire country.
Key organizations such as the Pampanga Chamber of Commerce and Industry Inc. (PamCham), Clark Investors and Locators Association (CILA), Philippine Chamber of Commerce and Industry- Tarlac (PCCI-Tarlac), Metro Angeles Chamber of Commerce and Industry (MACCI), and the Pampanga Business Development Coordinating Council (PBDCC) voiced their backing for House Bill 8505 and Senate Bill 2647, which embody the proposed amendments.
The business groups particularly support the proposal to allow freehold ownership in certain BCDA economic zones, aiming to boost inclusive socioeconomic development.
“Supporting the proposed amendments means endorsing a future where increased investments flow into our country fostering inclusivity for all Filipinos. These amendments will not only enhance the economic landscape of Pampanga and Region 3 but will also contribute to a more prosperous and inclusive Philippines,” said PamCham president Teresa David-Carlos.
The move is expected to stimulate the housing sector, providing property ownership opportunities for people in Clark and surrounding areas.
CILA president Francisco Villanueva Jr. said this would enhance Clark’s attractiveness to investors and promote sustainable and inclusive growth, ensuring that economic growth benefits trickle down to a wider segment of the population.
MACCI president Elizabeth Carlos-Timbol also supported allocating areas for residential and mixed-use developments, envisioning long-term public-private partnerships for affordable housing while decongesting Metro Manila.
The business groups also welcomed the proposal to extend the BCDA’s corporate life by another 50 years, which is key to sustaining long-term investments.
