Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

First vehicles procured via eMarketplace delivered

FACEBOOK.COM/TOYOTAOTISOFFICIAL

BUDGET Secretary Amenah F. Pangandaman said the eMarketplace online procurement portal has processed its first vehicle transactions, covering four units which were delivered in two weeks.

In a statement on Wednesday, Ms. Pangandaman announced that the Department of Budget and Management’s (DBM) Procurement Service witnessed the turnover of vehicles purchased via eMarketplace. The transaction involved four Toyota vehicles.

“Kicking off the first sale under the e-Marketplace, four motor vehicles worth P7.6 million were handed over to the Insurance Commission (IC) at Toyota Otis in Paco, Manila, on Feb. 17,” the DBM said.

IC Supervising Administrative Officer Mark Franklin M. Sanchez said the two-week transaction was much quicker than the four-month wait under the old system.

The following day, the National Tax Research Center took delivery of two motor vehicles valued at P3.3 million.

The DBM said government agencies can now begin ordering motor vehicles under a pilot program for common-use supplies and equipment.

It said more items are being added, including airline tickets, cloud computing services, and various software and licenses.

“We launched it in December, and now, two agencies have already benefited from faster, more efficient, and seamless procurement. ‘Add to cart’ has officially been activated for government procurement,” Ms. Pangandaman said.

The eMarketplace, a feature of the New Government Procurement Act, was signed into law by President Ferdinand R. Marcos, Jr. in July. — Aubrey Rose A. Inosante

    You May Also Like

    Stock Markets

    Elizer S. Salilig (right) was appointed as the new National Director of the Bureau of Fisheries and Aquatic Resources. President Ferdinand R. Marcos, Jr....

    Finance

    British companies fear a “significant fall” in their trading prospects over the next few months, raising concerns about further job losses and derailing Labour’s...

    Stock Markets

    What Gen Zs and Gen Alphas bring to the table – BusinessWorld Online Anthony...

    Finance

    The rapid automation of millions of jobs through artificial intelligence could intensify economic inequality across the UK unless the government steps in with targeted...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.