BFA Seal P4.5M Barclays Deal
Monday, August 12, 2019
Premiership action. PIC: MORERI SEJAKGOMO
The start of the season was pushed forward to August 30, from August 17, amidst talks with potential sponsors, after BTC cut its P13 million sponsorship deal to just P5 million, citing failure to honour certain contractual obligations.
But there will be good news for the clubs after the BFA agreed to a P4.5 million deal with the commercial bank.
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...