Tag: government procurement
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Government Buying Half of Farmers’ Rice Could Lower Prices to PHP20 per kg, Says Sotto
MANILA – Senatorial hopeful Vicente Sotto III from Alyansa Para sa Bagong Pilipinas remains optimistic about reducing rice prices to PHP20 per kilogram. Speaking at a media event in Hotel Savano, San Jose del Monte City, Bulacan, Sotto emphasized that this goal is within reach if the government commits to purchasing 50 percent of the…
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DBM Hands Over P10.9-M Vehicles Procured Through eMarketplace
MANILA – The Department of Budget and Management (DBM) announced the successful delivery of six motor vehicles, valued at PHP10.9 million, to government agencies through the newly launched eMarketplace platform. This initiative is part of the broader New Government Procurement Act (NGPA), signed into law by President Ferdinand R. Marcos Jr. on July 20, 2024,…
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DBM Announces Approval of New Government Procurement Act’s Implementing Rules
The Department of Budget and Management (DBM) has confirmed the approval of the Implementing Rules and Regulations (IRR) for Republic Act No. 12009, known as the New Government Procurement Act (NGPA). The approval came during a meeting of the Government Procurement Policy Board – Technical Support Office (GPPB-TSO) on February 4, 2025, under the leadership…
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NFA Confident in Meeting 2025 Rice Buffer Stock Goals
The National Food Authority (NFA) is set to increase its procurement of palay from local farmers in 2025, aiming to elevate the national rice buffer stock from a nine-day to a fifteen-day supply. This move is part of a broader strategy to ensure sufficient reserves for emergency and disaster relief efforts across the country. NFA…
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