Malaysia’s MTD to invest P12B in PH

    Malaysia’s MTD through its Philippine units has vowed to invest P12 billion (1 billion ringgit) in various projects in the Philippines over the next six years on top of the P50 billion (4 billion ringgit) it has invested in the country the last 15 years.

    This was announced yesterday at the Global Biz Talk by Patrick Nicholas David, president and chief executive officer of MTD Philippines and chairman of the Bandar Hebat Builders Inc. (BHBI).

    MTD entered into a joint venture with the Bases Conversion and Development Authority for the development of the National Government Center in Clark which was inspired by Putrajaya in Malaysia, and the construction of the sports facility used during the 30th Southeast Asian Games in 2019.

    David said the project entails the construction and development of a mini city in under 18 months.

    The project is located in a special economic zone at the New Clark City.

    BHBI applied and registered with the Philippine Economic Zone Authority and was granted fiscal incentives.

    David said MTD is also developing what he calls a mini Putrajaya Palayan, Nueva Ecija, a small government center with business processing and economic hubs.

    “We plan to continue doing this across all local government units across the 13 regions of the Philippines,” he said.

    MTD Malaysia is a leading Asian infrastructure conglomerate operating in the global market.

    MTD has successfully completed, among others, the construction of the 36-kilometer South Luzon Expressway in the Philippines. – Irma Isip