bbc or big baller club DBM opens e-market for gov’t suppliers

bbc or big baller club

Budget Sec. Amenah Pangandaman —Photo from DBM

MANILA, Philippines — The Department of Budget and Management (DBM) launched on Friday an e-marketplace for the government’s central online portal for all public acquisition activities as part of the government’s bid to combat corruption.

Budget Secretary Amenah Pangandaman, together with the Procurement Service (PS)-DBM, officially launched the eMarketplace for the Philippine Government Electronic Procurement System (PhilGEPS) in a ceremony at the Philippine International Convention Center in Pasay City.

cleopatra slot machine Article continues after this advertisement

“With the eMarketplace, government agencies or procuring entities can now just ‘add to cart’ or directly purchase their common-use supplies and equipment (CSEs ) requirements from competent and reputable suppliers,” Pangandaman said.

FEATURED STORIES BUSINESS DBM opens e-market for gov’t suppliers BUSINESS Engineers build innovative roof manufacturing business BUSINESS UK officially joins Indo-Pacific trade bloc

READ: PS-DBM to open online supply store

“With only a few clicks, we can now purchase the same way we would shop in Shopee or Lazada using our digital devices, shortening the tedious process of regular procurement from three months to just 60 days,” she added.

Article continues after this advertisement PhilGEPS component

The DBM said the eMarketplace seeks to modernize government procurement and is designed to be inclusive, offering opportunities for micro, small and medium enterprises, social enterprises, and women-led businesses to participate in government procurement.

Article continues after this advertisement

It added that the eMarketplace, a component of the updated PhilGEPS, helps combat corruption by verifying merchants and suppliers.

Article continues after this advertisement

This ensures they meet the technical specifications and budget requirements set by procuring entities.

In a follow-up with the Inquirer, Budget Undersecretary Margaux Salcedo said the PhilGEPS eMarketplace also allows open contracting, making transactions more transparent. It will also disclose beneficial ownership, which is another major step for transparency and accountability.

Another record session Friday on Wall Street crowned a sixth weekly gain in a row, but failed to carry over into Monday and inspire a similar rally elsewhere.

The one-year Loan Prime Rate (LPR), which constitutes the benchmark for the most advantageous rates lenders can offer to businesses and households, was cut from 3.35 percent to 3.1.

Article continues after this advertisement

The launch of the online marketplace is aligned with the government’s commitment to supporting vulnerable and marginalized sectors.

PS-DBM Executive Director Genmaries Entredicho-Caong said the budget department’s central procurement has relentlessly reinforced its mandate to ensure a more efficient procurement of CSEs for the entire government, including local government units.

PS-DBM Deputy Executive Director Rommel Rivera said he was confident that the eMarketplace would work not only as a digital tool for centralized procurement but also as “a catalyst for good governance, economic development, and social progress.”

In 2021, PhilGEPS was referenced in media reports and investigations into the controversy involving Pharmally Pharmaceutical Corp. and the alleged sale of overpriced medical supplies to the government during the COVID-19 pandemic under the Duterte administration.

An independent probe by the Philippine Center for Investigative Journalism, based on data obtained from PhilGEPS and the Government Policy Procurement Board, said Pharmally bagged P10.85 billion—spread across 15 contracts—of pandemic-related negotiated contracts.

IRR readied

The company, which was established in 2019 and had a paid-up capital of only P625,000, edged out other suppliers, including those with a track record in dealing with the government.

The government had already drafted the implementing rules and regulations (IRR) of the eMarketplace last month.

“Indeed, technology’s transformative power is limitless. And despite the challenges, we have embraced positive changes. But today, we go beyond embracing—we are pioneering. We assure you that the PS-DBM is committed to continuously institutionalizing public procurement reforms to achieve our Agenda for Prosperity. Mag-add to cart na po tayo (Let’s add to cart now),” Pangandaman said.

In July, President Marcos signed into law the New Government Procurement Act to update old procurement rules, making government operations more efficient and transparent.

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

In 2019bbc or big baller club, then Deputy Ombudsman Cyril Ramos said the Philippines was losing an estimated P700 billion annually due to corruption, which was about a fifth of the government’s yearly budget appropriation back then. —with a report from PNA 

READ NEXT UK officially joins Indo-Pacific trade bloc Engineers build innovative roof manufacturing business EDITORS' PICK South Korea’s President Yoon impeached over martial law bid Senate bill forfeits illegal Pogo assets in favor of gov’t World falls short of drought deal at Saudi-hosted talks Baby rescued from online child trafficking – PNP Yoon Suk Yeol impeached: Who could be South Korea’s next leader? LIVE: UAAP Season 87 basketball Finals Game 3 La Salle vs UP MOST READ Jamela Villanueva goes cryptic after Maris Racal-Anthony Jennings exposé Nearly 14,000 register online campaign platforms 3 schools have highest percentage of passers among first-time bar exam takers LIVE: UAAP basketball Finals Game 3 - La Salle vs UP Follow @FMangosingINQ on Twitter --> View comments