BCDA chief Joshua Bingcang moves to PEZA

Photo from Bases Conversion and Development Authority websiteMANILA — After three and a half years as President and CEO of the Bases Conversion and Development Authority (BCDA), Joshua Bingcang is set to move to the Philippine Economic Zone Authority (PEZA), Department of Finance (DOF) Secretary Frederick Go said Thursday.

He replaces PEZA Director General Tereso Panga.

Go announced the development following the BCDA’s remittance of P8.4 billion to the national treasury, bringing its total remittances for 2026 to P11.5 billion. That’s 173 percent higher than last year’s figure.

Go, who also serves as chief investment czar, expressed confidence that Bingcang would bring the same level of leadership to PEZA.

“That’s P11.5 billion to lighten the load of our taxpayers. That is what every return means, less burden and more relief to the people… This reflects the competent leadership and excellent job of Jake Bingcang and his team. The country is fortunate that he will now bring his expertise to the country’s second-largest investment promotion agency,” said Go.

Asked whether the leadership change could affect the proposed PAX Silica industrial hub, which BCDA has been championing, Bingcang said he does not expect it to.

“It’s the national government’s thrust and decision point. Of course, the benefit is for the greatest good of the country. It’s a no-brainer na ico-consider ‘yan,” he said.

On his approach to leading PEZA, Bingcang said he sees strong similarities between his work at BCDA and the investment promotion agency, particularly in building relationships with foreign investors and attracting foreign direct investments.

He noted, however, that PEZA has a wider scope and broader mandate, making the transition more challenging.