MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) remitted on Thursday P8.42 billion in asset disposition proceeds to the Bureau of the Treasury (BTr), providing additional resources for the modernization of the Armed Forces of the Philippines (AFP) and other critical socioeconomic programs.
BCDA President and Chief Executive Officer Joshua M. Bingcang turned over the check to Finance Secretary Frederick D. Go, bringing the state-run firm’s total remittance from its asset disposition proceeds to P11.5 billion for 2026, 267 percent higher than BCDA's P3.1 billion contribution from asset disposition proceeds in 2025.
Go said the proceeds would be distributed among several beneficiary agencies, with the largest share going to the AFP.
“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,” said Go. Including its dividend remittances of P2.6 billion, which was turned over to the BTr last May, BCDA’s total remittances for the year has reached a record-high of P14.1 billion.
Under Republic Act 7227, or the Bases Conversion and Development Act of 1992, BCDA is mandated to remit a portion of its proceeds from the sale, lease, or joint venture development of former military camps in Metro Manila to support the modernization of the AFP and other government programs.
“Every peso generated from the development and disposition of government assets carries a responsibility to deliver value to the Filipino people. By remitting these proceeds, we are helping ensure that resources are made available to support the modernization of our Armed Forces and other important government programs. This is part of BCDA's continuing commitment to fulfill its mandate and contribute to national development,” Bingcang said. THE MANILA TIMES
