BCDA posts highest-ever dividend remittance at %u20B12.04B

The Bases Conversion and Development Authority (BCDA) has posted a record-high dividend remittance to the national government, turning over %u20B12.04 billion as of mid-May—its highest to date and a 30.68% increase from last year’s %u20B11.56 billion.

In a statement released Saturday, the BCDA said the amount was formally transmitted to the Bureau of the Treasury on May 15. The payout represents 80% of the agency’s 2024 net earnings, significantly exceeding the 50% minimum required under Republic Act No. 7656 or the Dividend Law. It also surpasses the Department of Finance’s call for government-owned and -controlled corporations (GOCCs) to remit at least 75% of their net income.

“This record-high dividend remittance is proof of the agency’s robust financial position, driven by our unwavering commitment to transforming former military bases into bustling economic hubs through high-impact public-private partnerships,” said BCDA President and CEO Joshua Bingcang.

The dividend remittance adds to the %u20B13.13 billion share of asset disposition proceeds turned over by BCDA earlier this year. These funds are intended for distribution to several beneficiary agencies, including the Armed Forces of the Philippines, under the provisions of Republic Act No. 7227 or the BCDA Act.

Also included in the total remittance is %u20B146 million in guarantee fees paid by BCDA to the Treasury, in relation to the government’s loan from the Japan International Cooperation Agency (JICA) for the Subic-Clark-Tarlac Expressway Project.

Altogether, BCDA’s total contributions to the Bureau of the Treasury reached %u20B15.21 billion as of May 2025.

The agency’s strong fiscal performance is supported by growing investor interest in its development zones. Earlier this month, BCDA announced that it had secured %u20B17.72 billion in new investments during the first quarter of the year—more than triple the %u20B12.49 billion recorded during the same period in 2024.

Officials say these developments underscore the agency’s key role in generating non-tax revenues for the government and contributing to inclusive and sustainable economic growth.