STATE-OWNED Bases Conversion and Development Authority (BCDA) and its subsidiary Clark Development Corp. (CDC) remitted P4.5 billion to the national treasury, covering revenue generated last year.
In a statement on Wednesday, BCDA said the P3.7 billion out of the P4.5 billion transferred to the Bureau of the Treasury (BTr) accounted for the share of the Armed Forces of the Philippines (AFP) and other government beneficiaries. The money comes from the proceeds from existing joint venture and lease agreements.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.