DBM signs MOA with PLM on procurement course

 

 

By Rose de la Cruz

 

Last February 19, the Department of Budget and Management, through the Government Procurement Policy Board (GPPB), signed a Memorandum of Agreement (MOA) with the Pamantasan ng Lungsod ng Maynila (PLM) for the Certified Public Procurement Specialist Course.

 

The certificate course aims to develop government personnel into professional practitioners able to navigate the complexities of public procurement and fix the leaks in the current system that cause procurement failures.

 

“We have been trying to clean our lot, but historical experiences of corruption and underspending only highlight theurgent need to bridge the…

Read more: DBM signs MOA with PLM on procurement course

A hollow block business that rose from a personal need

 

By Rose de la Cruz

 

The hollow block business of Franklin Carmelo in Urdaneta City, Pangasinan began out of a personal need to fence his other business—native delicacies.

 

FQ Carmelo Enterprises now specializes in the production of hollow blocks in Barangay Sto. Domingo, Urdaneta City.

 

It is a beneficiary of the Department of Science and Technology’s Small Enterprise Technology Upgrading Program (SETUP) program in acquiring production equipment to improve productivity.

 

“When we needed to enclose our area and extend the fence every now and then, we thought it was practical and economical to construct it…

Read more: A hollow block business that rose from a personal need

Businesses told to comply with TRAIN law

 

 

By Rose de la Cruz

 

Employers in private businesses should be able to iron out by March this year the transition kinks in implementing the TRAIN (Tax Reform for Acceleration and Inclusion) law’s exemption from income tax computations those being paid P250,000 a year.

 

Rep. Henry C. Ong, 2nd district of Leyte and vice chair of the committee on banks and financial intermediaries, said three months should be more than enough time to calibrat5e the payroll software most businesses use.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

One probable reason many private sector employers are unable to implement TRAIN is that they…

Read more: Businesses told to comply with TRAIN law

Philippines to strengthen trade ties with US

 

By Rose de la Cruz

 

For all the criticism and harsh words that President Duterte had said against the United States, the Philippines is still determined to maintain strong trade ties with the US, which had been positive and favorable in recent years.

 

This, said Socioeconomic Planning Secretary Ernesto Pernia, would be the guidepost of the country in its relations with America considering the upbeat trade performance in 2017.

 

In his presentation to the U.S.-Philippines Society Board of Directors’ Meeting on Monday, Socioeconomic Planning Secretary Ernesto M. Pernia highlighted the intention of the Philippines to keep…

Read more: Philippines to strengthen trade ties with US

Foreign inflows in January hit $1.62 billion

 

By Rose de la Cruz

 

The Bangko Sentral ng Pilipinas reported that net foreign portfolio for January hit $1.62 billion, surpassing the $1.56 billion and $1.1 billion recorded the previous month and a year ago, respectively.

However, the $1.5 billion outflow for the month similarly reflected an increase compared to those recorded in December ($1.1 billion) and January of 2017 ($846 million).

Overall, transactions for the month yielded net inflows of $162 million attributable to investor optimism over the passage of the first phase of the government's tax reform program, positive news on…

Read more: Foreign inflows in January hit $1.62 billion

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