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MANILA - The government's total savings in 2022 reached over PHP681 million in 2022 as a result of transparent procurement, the Department of Budget and Management (DBM) said on Tuesday. In a statement, the DBM said the government generated around PHP681,198,056 in savings in 2022, the "highest" figure registered compared to PHP661.775 million reported in 2020 and PHP559.094 million posted in 2021. "The savings are computed from the difference between the total market selling price and the PS (Procurement Service) - DBM's selling price for each common-use supplies and eq...

The government managed to save a record P681 million last year following the implementation of a more competitive and transparent procurement system for agencies.

• GILBERT P. BAYORAN Arnel Argusar, newly-promoted General Service Office head of the Negros Occidental provincial government.* Provincial Administrator

Investegate announcements from eEnergy Group PLC, Preliminary Results

Procurement markets overseas offer huge opportunities for businesses to grow into global players, but many of them have been hesitant due to high entry barriers. The Public Procurement Service (PPS) has been accompanying businesses to successfully enter the blue ocean market, and help their exports rise to record highs in the first quarter.