Innovation Hub sees P1.5 bn investments at Techpark
Wednesday, April 19, 2017
Landmark: The Icon Building is set for completition this year PIC: MORERI SEJAKGOMO
In the 2016 annual report, BIH chairman Neo Moroka said land leased for developments has increased to 31% of total usable land including the development of 23,000 square metres at the Icon Building will be ready to house technology oriented companies and institutions once completed during 2017.
He further said BIH has already commenced a marketing drive to attract appropriate tenants to occupy the Icon Building.
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...