BPOPF Supports Local Economy
Monday, April 10, 2017
BPOPF's new logo.PIC: MORERI SEJAKGOMO
Chairperson, Carter Morupisi revealed this recently during the launch of the Fund’s new corporate identity, adding that they are passionate about advocating for citizen empowerment.
“We are working actively with Government to facilitate the growth of SME’s citizen-owned initiatives and companies to encourage the future development and contributions in the country,” he said.
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...