The Bases Conversion and Development Authority (BCDA) has once again been recognized as one of the country’s top-performing government-owned and -controlled corporations (GOCCs) after remitting P2.6 billion in dividends to the national government this year.
During the GOCC Day celebration at Malacañang on July 8, BCDA was named among only 15 state-run corporations that belong to the prestigious “Billionaires’ Club,” a distinction given to GOCCs that remitted more than P1 billion in dividends to the Bureau of the Treasury.
BCDA President and CEO Joshua M. Bingcang said the recognition reflects the agency’s commitment to responsible governance, fiscal discipline, and sustainable development.
He said every dividend remitted represents the value generated through strategic investments and the transformation of former military lands into centers of economic growth, while continuing to support national development priorities and create opportunities for Filipinos.
President Ferdinand Marcos Jr., who led the awarding ceremony, commended GOCCs for strengthening the country’s fiscal position and helping fund programs that directly benefit the public. He said every peso remitted enhances the government’s ability to deliver services without imposing additional tax burdens on Filipinos.
This year, 50 GOCCs are expected to remit a record P147.15 billion in dividends to the national government. Of the total, P139.8 billion has already been collected, surpassing last year’s collections by 29 percent. According to the President, the amount is enough to fund the construction of about 40,000 classrooms, 165,000 housing units, or 9,300 kilometers of farm-to-market roads.
Finance Secretary Frederick D. Go said the dividends strengthen public finances while supporting investments in infrastructure, education, healthcare, and other priority programs.
BCDA’s subsidiaries also received recognition for their financial performance and contributions to nation-building. Clark Development Corporation remitted P2.597 billion in dividends, while Clark International Airport Corporation contributed P585.71 million, Poro Point Management Corporation P16.67 million, and John Hay Management Corporation P11.51 million.
Apart from its dividend remittance, BCDA also turned over P3.09 billion to the Bureau of the Treasury this year to support the Armed Forces of the Philippines Modernization Program, further reinforcing its dual mandate of promoting economic development and advancing national security.
