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The Private Sector Advisory Council (PSAC) is a Philippine government advisory council that offers guidance to the President of the Philippines in supporting the achievement of the country's economic objectives. Established by President Bongbong Marcos on July 13, 2022, the council primarily aims to assist the government in various key areas.
maharlika.dof.gov.ph. The Maharlika Wealth Fund(MWF), also known as the Maharlika Investment Fund(MIF), is a sovereign wealth fundfor the Philippineswhich is managed by the Maharlika Investment Corporation(MIC).[1] The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including foreign ...
A public–private partnership ( PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions. [ 1][ 2] Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. [ 3]
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report ( TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
Water privatization in Metro Manila began when the then President of the Philippines, Fidel Ramos, instructed the government in 1994 to solve what he called the water crisis in Manila by engaging with the private sector. In 1997, two concession contracts for the Eastern and Western halves of Metro Manila were awarded after an open competition.
On September 10, 1971, President Ferdinand E. Marcos signed the Code of Agrarian Reform of the Philippines into law which established the Department of Agrarian Reform, effectively replacing the Land Authority. In 1978, the DAR was renamed the Ministry of Agrarian Reform. On July 26, 1987, following the People Power Revolution, the department ...
The Labor Code of the Philippines governs employment practices and labor relations in the Philippines. It also identifies the rules and standards regarding employment such as pre-employment policies, labor conditions, wage rate, work hours, employee benefits, and termination of employees.
The New Government Procurement Act of 2024, officially designated as Republic Act No. 12009, is a Philippine law that prescribes the necessary rules to address the lack of transparency and competition in government procurement, eliminate collusion and interference, and lessen the delay in the procurement process by creating the Government Procurement Policy Board (GPPB) and PhilGEPs.