BDC to pump P4.5bn into new projects

The corporation has also turned the corner from huge losses that stretched from 2012 to 2014, caused mainly by investment impairments and poorly performing projects. One of the most highly publicised impairment was a P500 million write-off in the failed Fengyue Glass project in Palapye.

Since 2014, as part of a transformation within the corporation, BDC has been off-loading its holdings in projects seen as non-strategic, raising a total of P340 million, part of which will be invested under the new strategy.