BCDA turns over P8.4-B disposition proceeds to national gov’t

Detailed summary

MANILA – The Bases Conversion and Development Authority (BCDA) remitted PHP8.42 billion in asset disposition proceeds to the Bureau of the Treasury (BTr) on ...

REMITTANCE. BCDA and President Joshua Bingcang (right) turns over the PHP8.4 billion asset disposition proceeds to the Bureau of the Treasury (BTr). The check was received by Finance Secretary Frederick Go at the DOF office in Manila on Thursday (Nov. 12, 2026). (Photo courtesy of BCDA)

MANILA – The Bases Conversion and Development Authority (BCDA) remitted PHP8.42 billion in asset disposition proceeds to the Bureau of the Treasury (BTr) on Thursday.BCDA President and Chief Executive Officer Joshua Bingcang formally turned over the check to Finance Secretary Frederick Go.For this year, BCDA’s total remittances from its asset disposition already amounted to PHP11.5 billion, 267 percent higher than the PHP3.1 billion contribution in 2025.The amount will be used for the modernization of the Armed Forces of the Philippines (AFP) and other critical socioeconomic programs.“This will be the biggest under the present administration of President Marcos,” Bingcang said in a briefing…

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