BCDA Approves Development Plan for BSP Complex in New Clark City
Manila: The construction of the Bangko Sentral ng Pilipinas’ (BSP) 31.3-hectare security complex in New Clark City will push through after its detailed development plan has been approved by the Bases Conversion and Development Authority (BCDA). According to Philippines News Agency, the BCDA announced that the construction of the central bank’s complex in Tarlac supports the government’s initiative to decongest Metro Manila and aims to boost development and the economy of Central Luzon. BCDA President and Chief Executive Officer Joshua Bingcang highlighted the significance of the move, stating that by transferring critical operations of the central bank to New Clark