How We Perceive Our Income
Monday, August 31, 2015
My maths teacher did an experiment with our class in high school, she wanted to know our perception of what our parents earned. This clever teacher understood the phenomenon and wanted us to realise it while we were still young enough for it to make a difference: before we started earning our own salaries.
First, she asked us to guess what our parent’s salary was and to write that figure down at the top of the page.
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...