Weddings: The Expensive Rite of Passage
Tuesday, October 03, 2017
We get swept up in having big events for these rites of passage. For example, a big graduation party, extravagant wedding, 18th birthday bash. These once-in-a-lifetime events make us want to ‘go all out’ and can put a strain on our finances. Let’s dive into the most expensive one.
Weddings: To Be
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...