MANILA, Philippines — President Ferdinand Marcos Jr. on signed into law Republic Act (RA) 12009 or the 'New Government Procurement Act' (NGPA) and RA 12010 or the 'Anti-Financial Account Scamming Act' (AFASA) on Saturday, ahead of his State of the Nation Address.
MANILA, Philippines — President Ferdinand Marcos Jr. on signed into law Republic Act 12009 or the 'New Government Procurement Act' and RA 12010 or the 'Anti-Financial Account Scamming Act' on Saturday, ahead of his State of the Nation Address. Marcos led the signing of the two new laws in a ceremony witnessed by lawmakers, and other government officials in Malacañang.
The NGPA will also speed up procurement activities since the period of action is shortened from 90 days to 60 days – from the opening of bids to the awarding of contracts.Meanwhile, the AFASA seeks to protect the public from cybercriminals and criminal syndicates by penalizing financial cybercrimes and imposing harsher penalties for illegal acts committed under the Revised Penal Code such as online selling and investment scams, phishing and other schemes of fraud.
Signs New Procurement Anti-Scam Laws
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