ROTARY CLUB OF MANILA JOURNALISM AWARDS
2006 National Newspaper of the Year 2011 National Newspaper of the Year 2013 Business Newspaper of the Year 2017 Business Newspaper of the Year 2019 Business Newspaper of the Year 2021 Pro Patria Award PHILIPPINE STATISTICS AUTHORITY 2018 Data Champion
BusinessMirror
EJAP JOURNALISM AWARDS
BUSINESS NEWS SOURCE OF THE YEAR
(2017, 2018, 2019, 2020)
DEPARTMENT OF SCIENCE AND TECHNOLOGY
2018 BANTOG MEDIA AWARDS
A broader look at today’s business
DOTR OPENS NAIA DEAL BIDS AMID QUESTIONS www.businessmirror.com.ph
D
B L S. M
■
Thursday, December 28, 2023 Vol. 19 No. 76
P. | | 7 DAYS A WEEK
DBM pushes new law on government procurement
@lorenzmarasigan
ESPITE some arguments over the law governing the auction for the P170.6-billion privatization deal for the Ninoy Aquino International Airport (Naia), the Department of Transportation (DOTr) pushed through with the opening of the bids on Wednesday.
At least four groups submitted their bids before the 10 a.m. deadline on Wednesday: Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium and SMCSAP and Co. Consortium. Transportation Secretary Jaime J. Bautista explained that “today completeness of documentary requirements submitted by the bidders will be reviewed by BAC. After 10 days, the technical qualifications will be reviewed.” Manila International Airport Consortium is composed of GIP EM MIAC Pte. Ltd, Aboitiz InfraCapital Inc., AC Infrastructure Holdings Inc., Alliance Global Infracorp Development Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit Holdings Corp. Meanwhile, Asian Infrastruc-
B J E Y. A @jearcalas
T
ture and Management Corp., Cosco Capital Inc., Philippine Skylanders International Inc., and PT Angkasa Pura II make up the Asian Airport Consortium. GMR Airports Consortium is a partnership among GMR Airports International BV, Cavitex Holdings Inc., and House of Investments Inc. Lastly, SMC-SAP and Co. Consortium consists of San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp. There were eight groups that bought bid documents for the project: GMR Airports International, San Miguel Holdings Corp., Manila International Airport Consortium, Spark 888 Management, Asian Airport Consortium, Cengiz Insaat S “DOT,” A
MAHARLIKA BEING BUILT ‘BRICK BY BRICK’–PCEO
S
TATE-OWNED Maharlika Investment Corp. (MIC) is now moving toward being operationalized within the first quarter next year as its officials may soon start building its management team, its President and CEO (PCEO) said. PCEO Rafael D. Consing Jr. said the first order of business for the MIC’s newly formed board of directors is to organize and eventually begin the hiring process for the governmentowned and -controlled corporation. “We have to organize the board and get the proper authorization to begin the hiring process,” Consing told the BM in a recent interview. Earlier this month, Presi-
dent Marcos Jr. appointed four regular and independent directors of the MIC, filling majority of the seats and leaving one regular director seat vacant. With the latest appointments, eight out of the nine MIC Board seats have been filled, including the ex-officio positions held by the Secretary of Finance, and the Presidents of the Land Bank of the Philippines and the Development Bank of the Philippines. Consing said he has begun writing at least 23 technical job descriptions since he assumed the highest position of the MIC in October. Consing said the three priority frameworks that the MIC S “M,” A
TIMELESS THEME
The Philippine Postal Corporation celebrates Christmas 2023 with a special release of postage stamps featuring the timeless Mother and Child artworks by acclaimed visual artist Al Perez. The stamps capture the profound love and enduring bond between a mother and her child, echoing the sacred and noble vocation of motherhood. Al Perez, known for his meticulous watercolor renditions of old churches, brings his expertise to portray the motherly love through colorful artworks. With 20,000 copies of four unique designs and 800 limited first-day cover envelopes, these stamps, priced at P16, serve as both a collector’s item and a heartfelt representation of the Christian origin and symbolism of Mother and Child in art. Available at the Manila Central Post Office Annex Bldg., these stamps beautifully encapsulate the essence of Christmas and the artistry of Al Perez. PHILIPPINE POSTAL CORPORATION
HE Department of Budget and Management (DBM) on Wednesday pushed for the enactment of the new Government Procurement Reform Act (GPRA), arguing that the proposed legislation would address current gaps in the state’s procurement system. Some of the new features that the proposed amended GPRA would bring to the table revolve around the digitalization of existing government practices from bidding announcement to procurement and payment itself. “Towards efficiency, we will streamline processes through digitalization and innovation by adopting electronic [e]-bidding and by modernizing the centralized procurement system of the Procurement Service [PS]-DBM,” Budget Secretary Amenah F. Pangandaman said. The DBM cited President Ferdinand R. Marcos Jr.’s earlier pronouncement urging the Congress to enact a new government procurement law and a new government auditing code to make procurement and auditing “more attuned to these changing times.” “The proposed new GPRA aims to promote transparency, competitiveness, efficiency, proportionality, accountability, public monitoring, procurement professionalization, and sustainability in government procurement,” Pangandaman said. “The Philippine Government Electronic Procurement System [PhilGEPS] offers innovative features and solutions, including e-reverse auction, e-shopping/esmall-value procurement, and the e-marketplace which will be expanded to include non-commonuse supplies with a registration facility for qualified suppliers,” Pangandaman added. Under the proposed new GPRA, the PhilGEPS would serve as the central electronic procurement portal of the government for all its needs and requirements, according to the DBM. “All government procuring entities are required to register with S “PHL,” A
PHL expects 571MT rice to come in till Feb
T
HE Philippines expects the entry of 571,000 metric tons (MT) of rice this month until February, with most of the volume coming in through private traders, as the country braces for the adverse effects of El Niño. The Department of Agriculture (DA) on Wednesday said the rice is the result of private traders’ commitment to government and some donations. Agriculture Undersecretary for Operations-OIC Roger V. Navarro said the private traders have committed to import at least 495,000 MT when they secured their respective sanitary and phytosanitary import clearances (SPSICs). Navarro pointed out that the importation is in compliance with the agreement between Agriculture Secretary Francisco P. Tiu
Laurel Jr. and private traders and importers who are holding valid SPSICs. “We received reports that around 100,000 tons of imported rice has already arrived in the country. This is part of the 495,000 metric tons committed by import permit holders to Secretary Tiu Laurel,” Navarro said. Navarro disclosed that at least 75,000 MT out of the 295,000 MT of rice allowed by India to be exported to the Philippines will arrive within the last week of December and early January. Furthermore, Navarro said half of the 2,000 MT donated by Taiwan to the Philippines already arrived before Christmas day. “With the arrival of imported rice and the volume harvested by farmers in recent months, the country will have sufficient supply
of the national food staple until the next harvest which starts in March,” Navarro added. The country’s rice imports as of mid-December have breached the 3.2 million MT level, with over 130,000 MT arriving in the first 14 days of this month, according to the Bureau of Plant Industry (BPI). Latest BPI data showed that total rice imports as of December 14 reached 3.223 MMT, some 603,000 MT lower than the 3.826 MMT recorded full-year import volume last year. The DA earlier projected that the country’s total rice imports this year could settle at around 3.65 MMT, if the remaining valid import volume arrives in the country.
(Related story: https://businessmirror.com.ph/2023/12/14/rice-importsto-fall-by-5-due-to-high-prices/)
BPI data also showed that Vietnam remained the country’s top source of imported rice, accounting for 87 percent of the total import volume as of December 14. The data also showed that BPI approved and issued 557 sanitary and phytosanitary import clearances (SPSICs) in December for the importation of 444,270.4 MT of rice. Under the updated rules and regulations of the Department of Agriculture, the approved rice import volume must enter the country within 30 days after the corresponding SPSICs were issued. Agriculture officials earlier cautioned that without rice imports coming in the next few months, particularly in January and FebruS “R,” A
PESO EXCHANGE RATES US 55.3830 ■ JAPAN 0.3890 ■ UK 70.5026 ■ HK 7.0937 ■ SINGAPORE 41.8522 ■ AUSTRALIA 37.7934 ■ SAUDI ARABIA 14.8967 ■ EU 61.1761 ■ KOREA 0.0428 ■ CHINA 7.7540 Source: BSP (December 27, 2023)