Businesses in the Cordillera Administrative Region (CAR) expect more economic and business prospects will open up for Baguio City and neighboring towns now that the uncertainty over Camp John Hay has been resolved.
The Supreme Court earlier affirmed the arbitral resolution allowing the Bases Conversion and Development Authority (BCDA) to recover the 247-hectare property in the John Hay Special Economic Zone.
Deimler Cuyan, Philippine Chamber of Commerce and Industry (PCCI) -CAR regional governor said in a statement the Supreme Court’s ruling ordering the Camp John Hay Development Corp. (CJHDevCo) to vacate the leased property and turn it over to the BCDA will pave the way for the sustainability and stability of business in the region.
Cuyan said the decision brings a renewed business environment that will foster investment and trade opportunities for the Baguio business community.
Cuyan said these new prospects will optimize the potential of Camp John Hay as a catalyst of economic growth in Baguio and the CAR.
“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,” Cuyan said.
In a press briefer released by the Supreme Court on April 10, it announced that the en banc has 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.
