The Bases Conversion and Development Authority (BCDA) on Monday said it expects to remit lower dividends this year, following the double-digit growth recorded in 2022.
In an interview in Taguig City, BCDA president and chief executive officer Aileen Anunciacion Zosa said the agency expects to remit P5 billion to the national government this year, lower than the P7.53 billion recorded in 2022.
The BCDA said it has already cleared and turned over 11 hectares to SMPH, which in turn remitted P24 billion. It has yet to clear the remaining 20 hectares and turn it over to the company. “After a very difficult two years, doing more with less will be the underlying principle of all our efforts in BCDA as the national government copes with tightening budgets,” Zosa said in a separate statement.
Gross disposition proceeds for the year increased by 6% or P7.11 billion to P134.66 billion from P127.55 billion, including P56.40 billion disposition proceeds to the AFP.
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