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Former DBM official denies irregularities in procurement

As the coronavirus pandemic threatened to overwhelm Chinese hospitals last year, Chinese resellers appear to have colluded to inflate the prices of ventilators and other essential medical equipment from multinational companies including Siemens, GE and Philips, according to a review of recent public records on the sale of medical equipment…

Pandemic, penalties aside, bribes go on at China hospitals By BEN KNIGHT of 100ReportersJuly 20, 2021 GMT FILE - This Jan. 16, 2014 file photo shows the General Electric logo at a store in Cranberry Township, Pa. As the coronavirus pandemic threatened to overwhelm Chinese hospitals in 2020, Chinese resellers appear to have colluded to inflate the prices of ventilators and other essential medical equipment from multinational companies including Siemens, GE, and Philips, according to a review of recent public records on the sale of medical equipment in China. (AP Photo/Gene J. Puskar, File) FI...

Procurement as a Services Market to Witness Huge Growth by Accenture, Capgemini, Genpact, Corbus, Infosys iCrowd Newswire 16 Jul 2021, 11:30 GMT+10 Procurement as a service is a procurement model which outsources procurement that combines technology, staff, and expertise to handle a portion of the procurement function. Technology helps determine what the organization is spending on and where it’s likely to find savings. Service procurement companies are those that deliver people-based services to an organization. A procurement service provider can provide a rapid analysis of an organiz...

BDA is pleased to announce that Mutares SE & Co. KGaA (“Mutares”), a listed private equity holding company, has successfully completed the sale of its 73.25% stake in STS Group AG (“STS”). STS develops, manufactures and supplies interior & exterior components made of... - July 05, 2021 - BDA Partners Ltd FIA Formula 3 driver JM Correa and racing sponsor Step One Automotive Group entered into an agreement today to partner with Operation Motorsport, a veteran-led non-profit whose mission is to engage ill and injured service members and veterans through participation in motorsports activ...