Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Senate probe of LTO’s P3.19-B IT contract sought

by
August 17, 2022
in Investing News
0
Senate probe of LTO’s P3.19-B IT contract sought
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

A SENATOR has filed a resolution seeking a probe of a P3.19-billion road information technology (IT) deal between the Land Transportation Office (LTO) and a German contractor, to which the government allegedly made illegal payments.

Senator Aquilino Martin D. Pimentel III under Senate Resolution 147 cited a Commission on Audit (CoA) report that flagged the 2018 payments to Dermalog Identification Systems GmbH even if the deliverables had not been fully turned over.

“No payment shall be made for services not yet rendered or for supplies and materials not yet delivered under any contract with the government,” the senator said, citing a state memo.

Dermalog did not immediately reply to a question posted on its website seeking comment. The company had denied any irregularities in the contract, according to a Philippine Star report on Sept. 3, 2019.

“It is a basic rule in procurement contracts that payment based on progress billing is allowed provided that the goods have been delivered or installed in accordance with the terms and conditions of the contract, and the same was duly inspected and accepted by the procuring entity as evidenced by a certification to that effect,” Mr. Pimentel said in the resolution. 

The project, completed in 2018, was awarded to the joint venture of Dermalog, Holy Family Printing Corp., Microgenesis and Verzontal Builders, Inc. with a total contract cost of P3.19 billion.

“The said CoA report disclosed that all core applications were already paid although some of these core applications have yet to accommodate certain LTO transactions,” the senator said.

“This is disadvantageous to the government as the core applications were already paid when such have yet to function and operate as intended,” he added. — Alyssa Nicole O. Tan

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
Marcos gets 2nd booster shot amid vaccine push

Marcos gets 2nd booster shot amid vaccine push

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Balai Ni Fruitas shares plunge 7% on market debut

Balai Ni Fruitas shares plunge 7% on market debut

June 30, 2022
Investment Residency: All the Benefits of Obtaining a Second Passport by Investment

Investment Residency: All the Benefits of Obtaining a Second Passport by Investment

June 8, 2022
What to see This Week (07/29/22)

What to see This Week (07/29/22)

July 28, 2022
Baguio City gov’t to purchase private properties for economic projects, housing 

Baguio City gov’t to purchase private properties for economic projects, housing 

June 16, 2022
SC suspends metro court judge over homophobic remarks   

SC suspends metro court judge over homophobic remarks   

July 7, 2022
Gasoline tax holiday worth considering as anti-inflation tool — Yellen

Gasoline tax holiday worth considering as anti-inflation tool — Yellen

June 21, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.