BCDA remits P5.7B to National Treasury; dividends hit record P2.6B
In the Photo. The Bases Conversion and Development Authority (BCDA) formally turns over Php5.7 billion to the Bureau of the Treasury (BTr) today, April 28, 2026. The event was led by Finance Secretary Frederick D. Go and BCDA President and CEO Joshua M. Bingcang. Also present were National Treasurer Sharon P. Almanza and BCDA Senior Vice President for Conversion Development Group Engr. Mark P. Torres. BCDA photo
The Bases Conversion and Development Authority (BCDA) on April 28, 2026, Tuesday formally turned over Php5.7 billion to the Bureau of the Treasury (BTr), marking its latest contribution to funding infrastructure, social services, and military modernization.
This brings BCDA’s total remittances for 2026 to 5 percent higher than the Php5.45 billion recorded in 2025, driven by solid performance across its economic zones and strategic partnerships.
“BCDA is the GOCC (government-owned and -controlled corporation) that goes beyond generating dividends. It is a true developer of progress, creating the platforms and jobs that uplift millions of Filipinos across the country…The entire DOF family stands ready to support you. We will match your momentum. We will back your strategy. We will help you unlock even more value from your assets,” said Finance Secretary Frederick D. Go.
The amount is equivalent to around 330 kilometers of roads, 2,300 classrooms, or 1,700 hospital beds nationwide. It can also support about 3,800 housing units under the Pambansang Pabahay Para sa Pilipino Program. Once channeled, a portion will be allocated to strengthen the Armed Forces of the Philippines (AFP) modernization program.
“Every peso we remit translates to real improvements in people’s daily lives. This is how we make sure our work creates an impact that people can see and feel,” said BCDA President and Chief Executive Officer Engr. Joshua M. Bingcang.
Of the total, Php2.6 billion came from dividends, the highest in BCDA’s history and 18.18 percent higher than the Php2.2 billion recorded in 2025. This represents 61 percent of BCDA’s net earnings, exceeding the 50 percent minimum required under Republic Act No. 7656 or the Dividend Law.
Of the total dividends, Php300 million has been allocated to help the national government cushion the impact of rising fuel prices on vulnerable sectors. This ensures that part of BCDA’s earnings directly support Filipinos facing immediate economic pressure.
The remaining Php3.09 billion came from asset disposition proceeds, which will be distributed to beneficiary agencies, including a significant share for the AFP modernization program.
BCDA also remitted Php25 million in guarantee fees to the BTr, linked to the government’s loan from the Japan International Cooperation Agency for the Subic-Clark-Tarlac Expressway (SCTEX).
“We ensure that every peso due to the government is remitted accurately and on time. Accountability is how we make sure public resources are protected and used for the benefit of every Filipino,” Engr. Bingcang added. #
