The Bases Conversion and Development Authority (BCDA) has emerged as the sixth top-performing government-owned and -controlled corporation (GOCC) in the country, achieving its highest-ever ranking to date following its record-high remittance amounting to Php5.33 billion this year.
BCDA was among the state-owned corporations recognized during the GOCC day on 16 September 2025, which was led by President Ferdinand Marcos Jr. at the Malacañang Palace.
During the ceremony, BCDA emerged as the 6th top performing GOCC, having contributed Php5.33 billion in dividends as of 12 September 2025—funds that help drive government programs for inclusive growth and development.
“This milestone is a testament to the BCDA’s steadfast commitment to spur progress and inclusive development for the Filipino people. It is a reflection of our responsibility to ensure that every peso we generate is translated into nation-building initiatives that uplift communities and strengthen our economy,” said BCDA President and Chief Executive Officer Joshua M. Bingcang.
“We strive to continue this momentum as we continue our mandate of shaping former military baselands into world-class cities and economic hubs,” he added.
As of 12 September 2025, GOCCs have collectively turned over Php116.84 billion in dividends to the Treasury, further empowering the national government to sustain socioeconomic initiatives across the country.
Other leading dividend contributor during the period were Land Bank of the Philippines (Php33.5 billion); Bangko Sentral ng Pilipinas (Php18.9 billion); Philippine Amusement and Gaming Corporation (Php12.7 billion); Philippine Deposit Insurance Corporation (Php10.1 billion); Power Sector Assets and Liabilities Management Corporation (Php9 billion); Philippine Ports Authority (Php5.2 billion); Manila International Airport Authority (Php3.3 billion); Clark Development Corporation (Php2.5 billion); and Philippine National Oil Company (Php2.4 billion).
Other BCDA subsidiaries, namely Clark International Airport Corporation, John Hay Management Corporation, and Poro Point Management Corporation also remitted dividends amounting to Php282.72 million, Php14.33 million, and Php11.06 million, respectively.
President Marcos acknowledged the contributions made by GOCCs in nation-building, and advancing inclusive and sustainable growth in the country.
“For decades now, our GOCCs have been instruments of growth, equity, and empowerment. And through their contributions, we have built infrastructure, expanded services, invested in communities—especially those that have long been marginalized,” President Marcos said.
Finance Secretary Ralph G Recto, for his part, underscored the duty of GOCCs to honor every service, every policy, and every peso they extend to the Filipino people.
“Let us renew our covenant: to serve the Filipino people with excellence, to be not only earners of revenue but enablers of growth, guardians of public trust, and builders of a more prosperous Philippines,” he said.
