BCDA remits ₱8.42 billion in asset proceeds to Philippine Treasury
The payment raises its 2026 asset-disposition remittances to ₱11.5 billion, with the armed forces set to receive the largest share.
The Philippines’ Bases Conversion and Development Authority (BCDA) has transferred ₱8.42 billion from asset disposals to the Bureau of the Treasury, bringing its remittances from those proceeds to ₱11.5 billion for 2026.
Outgoing BCDA president and CEO Joshua Bingcang presented the cheque to Finance Secretary Frederick Go at a Manila ceremony on November 12. The annual asset-proceeds contribution represents a 267% increase from the ₱3.1 billion remitted in 2025.
Several beneficiary agencies will receive the funds, with the Armed Forces of the Philippines allocated the biggest portion. Including ₱2.6 billion in dividends paid to the Treasury in May, BCDA’s overall remittances for the year reached a record ₱14.1 billion.
Republic Act No. 7227, known as the Bases Conversion and Development Act of 1992, requires BCDA to pass on part of the proceeds generated by selling, leasing or jointly developing former military camps in Metro Manila. The money supports military modernisation and other government programmes.
Bingcang said the payment helped make resources available for those purposes, while Go said the contributions eased the burden on taxpayers.
