Defining the News
Baguio City is expected to facilitate more business opportunities after the Bases Conversion and Development Authority was authorized by the Supreme Court to reclaim the 247-hectare property within the John Hay Special Economic Zone, the Philippine Chamber of Commerce and Industry in the Cordillera Administrative Region said in a statement Tuesday.
Camp John Hay Development Corp. will soon vacate the BCDA-owned property as ordered by the Supreme Court, ending the so-called “period of uncertainty” and opening new opportunities to create new business in the area. “We strongly support the national government in further creating a robust business environment in the region. We are confident that the ongoing efforts will yield remarkable results and create lasting changes for the better,” said PCCI-CAR regional governor Deimler Cuyan.
He said these new prospects would optimize the potential of Camp John Hay as a catalyst of economic growth in Baguio and the CAR. The Supreme Court earlier affirmed the ruling of Baguio City Regional Trial Court, allowing the BCDA and JHMC to recover the 247-hectare property in John Hay Special Economic Zone and utilize it for the full interest and benefit of the government and of the Filipino people.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PCCI optimistic on new business opportunities at Camp John HayDefining the News
Read more »
Camp John Hay Invitational dangles car, golf cart for participantsParticipants of Camp John Hay Golf Club’s Invitational member-guests tournament will have a great time to beat the Summer heat as they go for fabulous prizes for hole-in-one starting Friday.
Read more »
Fabulous ace prizes up in Camp John Hay GC InvitationalDefining the News
Read more »
SC upholds ruling ordering return of Camp John Hay to BCDAThe CJH Development Corporation is ordered to vacate Baguio’s Camp John Hay and return the property to the Bases Conversion and Development Authority
Read more »
SC upholds order to firm to vacate John Hay ecozoneThe Supreme Court (SC) has upheld an arbitral ruling ordering the Camp John Hay Development Corporation to vacate a portion of the John Hay Special Economic Zone (John Hay SEZ) that it leased from the Bases Conversion Development Authority (BCDA).
Read more »
SC affirms trial court decision telling firm to vacate John HayDefining the News
Read more »