The Bases Conversion and Development Authority (BCDA) has once again secured its position among the top-performing government-owned and -controlled corporations (GOCC) in the Philippines after remitting P2.6 billion in dividends to the national treasury this year. The agency was recognized as one of 15 state-run corporations in the prestigious “Billionaires’ Club” during the GOCC Day celebration at Malacañang on July 8, 2026. This club comprises GOCCs that remitted over P1 billion in dividends to the Bureau of the Treasury.
BCDA Leadership Highlights Commitment to Governance
BCDA President and Chief Executive Officer Joshua Bingcang emphasized the significance of the recognition. “This recognition is a testament to BCDA’s unwavering commitment to responsible governance and fiscal discipline. Every dividend we remit represents the value we create through strategic investments and sustainable development. As we continue transforming former military lands into centers of economic growth, we remain focused on delivering greater returns to the government, supporting national development priorities, and creating more opportunities for Filipinos,” Bingcang said.
President Marcos Commends GOCC Contributions
President Ferdinand Marcos Jr., during the ceremony, praised the GOCCs for their role in strengthening the country's fiscal position and supporting programs that benefit Filipinos. “Every peso that you have remitted strengthens the government’s capacity to deliver better services without imposing additional tax burden on ordinary Filipinos. It is proof that sound governance and fiscal responsibility can create opportunities for our people while sparing them from bearing greater financial sacrifice,” Marcos stated.
National Dividend Collection Exceeds Expectations
This year, approximately 50 GOCCs are expected to remit a total of P147.15 billion in dividends to the national government. Of this amount, P139.8 billion has already been collected, surpassing the previous year’s level by 29 percent. The President noted that these funds are sufficient to build 40,000 classrooms, 165,000 homes, or 9,300 kilometers of farm-to-market roads.
Finance Secretary Highlights Broader Impact
Finance Secretary Frederick D. Go underscored the broader impact of these dividends. “Every dividend [GOCCs] remit strengthens the capacity of the government to invest in the future of the Filipino people. These dividends do more than strengthen our public finances. They help expand investments in infrastructure, education, healthcare, and other programs that support our country’s progress,” Go said.
BCDA Subsidiaries Also Recognized
BCDA subsidiaries—Clark Development Corporation, Clark International Airport Corporation, Poro Point Management Corporation, and John Hay Management Corporation—were likewise recognized for their strong financial performance and valuable contributions to nation-building. They remitted dividends amounting to P2.597 billion, P585.71 million, P16.67 million, and P11.51 million, respectively.
Additional Contribution to AFP Modernization
Aside from dividend remittance, the BCDA also contributed P3.09 billion to the Bureau of the Treasury this year in support of the Armed Forces of the Philippines Modernization Program.
