Maharlika, BCDA ink MOU for possible investment opportunities

The Bases Conversion and Development Authority and the Maharlika Investment Corp. on Monday inked a memorandum of understanding for the two agencies to explore potential collaboration opportunities.Under the deal, the BCDA and the MIC would look into sharing knowledge that would lead to the establishment of a feasibility study report which will include potential developments within BCDA properties such as the Clark Freeport Zone and the Clark Civil Aviation Complex.

It’s a declaration of our shared commitment to build a nation where progress is not just measured in pesos and percentages, but in lives transformed,” MIC president and chief executive officer Rafael Consing said.Consing in February said the MIC is set to make its first investment — likely to be in the renewable energy sector — by the end of 2024.

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