Plan to develop former Clark Air Base draws interest from local, Asian developers

Manila

THE plan by the Philippines to develop the former Clark Air Base has drawn interest from Asian developers, who may join a Black Eyed Peas rapper in promoting an alternative urban centre to the country's congested capital.

Taiwan's Farglory Land Development Co and the property arm of Japan's Sumitomo Corp are among foreign companies that may be keen on the project, joining local developers such as Ayala Land Inc, said Arnel Casanova, president and chief executive of the Bases Conversion and Development Authority or BCDA, the state manager of former military properties.