BSA, BoFiNet open talks over deal renewal
Thursday, October 12, 2017
BSA and BoFiNet are locked in negotiations for new sponsorship deal
The two signed a three-year deal in 2016, with BoFiNet sponsoring softball for P1.7 million.
Their initial involvement was in 2014, where BoFiNet sponsored for P1.7 million. Next season, which finishes in March, marks the end of what has been a successful union. BSA and BoFiNet have already opened talks to renew the relationship. BSA president, Tirelo Mukokomani said negotiations are progressing well. “Negotiations have started and are at relatively advanced stage. That is all we can say for now,” Mukokomani 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...