From the Daily Tribune (Sep 28): AFP to get P1.7B from BCDA

The Armed Forces of the Philippines (AFP) is set to receive P1.7 billion from the Bases Conversion Development Authority (BCDA) in the next few months to finance its ongoing modernization program aimed at having a credible internal and external defense capability. BCDA president Arnel Paciano Casanova said that the agency is set to remit a total of P2.025 billion within the year to the AFP from the proceeds of disposition of military camps in various parts of the country....

http://www.tribune.net.ph/index.php/nation/item/4897-afp-to-get-p17b-from-bcda