BPOPF eyes Tirelo House
Friday, December 04, 2015
Tirelo House
According to a statement from the Competition Authority (CA), BPOPF notified them on the proposed acquisition of Lot 1140-1145.
“The CA has received a merger notification for the proposed acquisition of Tirelo House from Mall Properties by BPOPF,” reads the statement.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...