THE Bases Conversion and Development Authority (BCDA) said it remitted P2.6 billion in dividends to the National Government (NG) from its 2025 results.

In a social media post on Thursday, its subsidiary, Clark Development Corp. (CDC), said it turned over P2.6 billion in dividends to the NG.

Government-owned and -controlled corporations (GOCCs) remitted a combined P147.15 billion in dividends to the NG, the Department of Finance (DoF) said at a Palace ceremony on Thursday recognizing the top dividend generators.

The DoF said during GOCC Day that the total remittances were a record and up 29% from a year earlier. It added in a social media post that of the total, P140 billion had been remitted, with the balance due shortly.

The BCDA manages New Clark City in Tarlac, which secured a landmark investment earlier this year to build an artificial intelligence-native industrial hub as part of the US-led Pax Silica initiative. 

The CDC oversees Clark Freeport Zone and the Clark Special Economic Zone in Central Luzon, which is home to information technology-business process management (IT-BPM), aviation, and electronics locators.

Meanwhile, the Philippine Economic Zone Authority (PEZA) turned in P1.44 billion in remittances to the NG for 2025, it said on Thursday.

This is the third straight year for PEZA dividend contributions to breach the billion-peso mark, it said in a statement.

PEZA oversees over 400 economic zones, hosting manufacturing, IT-BPM, logistics, tourism, agro-industrial, green-industry and digital companies.

Fifteen GOCCs turned over more than P1 billion in dividends to the Treasury.

Republic Act No. 7656, or the Dividends Law, requires GOCCs to declare and remit at least 50% of their annual net earnings as cash, stock, or property dividends to the NG. — Beatriz Marie D. Cruz