BCDA Remits Over P8.42B to Treasury, Bolstering Military Modernization
The Bases Conversion and Development Authority (BCDA) of the Philippines remitted P8.42 billion in asset disposition proceeds to the Bureau of the Treasury, bringing its total remittances for the year to P11.5 billion. This move is expected to bolster funding for military modernization and other government programs.
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- BCDA Remits Over P8.42 Billion to Treasury for AFP Modernization and Other Programs
The Bases Conversion and Development Authority (BCDA) has remitted over P8.42 billion in asset disposition proceeds to the Bureau of the Treasury. This brings the state-run firm's total remittances for the year, including dividends, to a record P14.1 billion, primarily allocated for the modernization of the Armed Forces of the Philippines.