Manila, Aug. 7 -- Approved investments under the Bases Conversion and Development Authority (BCDA) rose 63.82 percent to PHP53.5 billion on an annual basis in end-July, boosting economic growth contribution.

In a statement Thursday, the agency said the approved investments in the first seven months this year are seen to generate about 7,000 new jobs, up 6.2 percent from the same period last year, in BCDA-managed economic zones in New Clark City in Tarlac and Camp John Hay in Baguio City.

"These numbers represent opportunities for thousands of Filipinos and signal the private sector's trust in our vision of building resilient, smart, and inclusive cities," BCDA president and chief executive officer Joshua Bingcang said.

Among the invest...