BDC ramps up P2.5bn project pipeline

The BDC is the state investment agency primarily charged with economic diversification through investments and partnerships with the private sector. The corporation was allocated about P500 million in the current financial year for recapitalisation by government, its sole shareholder.

Officials told BusinessWeek that the investment pipeline will allocate a significant portion of funds to projects in manufacturing in order to pioneer new industries and bolster export-oriented businesses.