BAGUIO CITY, Philippines — Executives from the MVP Group, led by business titan Manuel V. Pangilinan, met with officials of the state-run Bases Conversion and Development Authority (BCDA) on Thursday to discuss potential investments aimed at fostering growth in Northern Luzon.
BCDA said officials of the MVP Group outlined their intentions to expand their presence in the region, particularly through investments in Camp John Hay and other strategic locations in Baguio and the Cordillera area.
Pangilinan expressed deep admiration for the iconic destination, reflecting on its lasting appeal and his personal connection to the place.
“Camp John Hay embodies the unique charm and character of Baguio. I have very fond memories here,” Pangilinan said while highlighting the special role the area holds in his heart.
As discussions about potential investments progressed, Pangilinan reportedly assured the BCDA of his group’s unwavering commitment to preserving and enhancing the legacy of Camp John Hay.
“In helping BCDA, we commit to the preservation and enhancement of Camp John Hay’s legacy properties, and the care of their dedicated workforce. You are in good hands,” he added.
This potential partnership is seen as a pivotal step toward furthering the region’s development, with BCDA recognizing the invaluable contributions the MVP-led consortium could bring to both Camp John Hay and the city of Baguio.
“We are truly thankful to the MVP Group for their keen interest in investing in Camp John Hay. The trust and confidence shown by a business group as esteemed as MVP is a tremendous endorsement of BCDA’s capabilities,” BCDA president and CEO Joshua Bingcang said.
“With MVP’s presence today, this partnership accelerates our efforts to turn Camp John Hay into a leading investment and tourism destination, further solidifying BCDA’s position as a trusted partner for business success,” Bingcang said.
According to Bingcang, the collaboration is expected to generate new opportunities for local communities, with a focus on sustainable development and long-term prosperity.
By tapping into the resources and expertise of this esteemed partner, the BCDA is committed to cultivating a dynamic environment that drives economic progress and enhances the quality of life for residents.
This collaboration aligns perfectly with BCDA’s mission to promote sustainable growth, create meaningful employment opportunities, and elevate Baguio’s status as a leading destination for both investment and tourism.
BCDA chairperson Hilario Paredes, Bingcang and John Hay Management and Corp. president and CEO lawyer Marlo Ignacio Quadra joined Pangilinan, Landco Pacific Corp. president and CEO Erickson Manzano and PLDT chief leadership transition officer Ricky Vargas during the meeting.