MANILA, Nov 5 (Bernama-PNA) -- Philippine Acting Budget Secretary Kim Robert de Leon on Wednesday underscored the importance of procurement reforms in boosting regional competitiveness, attracting investments and promoting economic growth across Southeast Asia, Philippine News Agency (PNA) reported.
Philippines Pushes ASEAN Procurement Reforms To Boost Growth, Investments
ASEAN, Philippines, investments, procurement,asi
BE Bernama 
Key points
- Speaking at a high-level dialogue, De Leon urged members of the Association of Southeast Asian Nations (ASEAN) to streamline procurement procedures, expand business opportunities and strengthen accountability to ensure public spending translates into better services and economic growth.
- De Leon also stressed that procurement efficiency should be measured not simply by reduced spending but by the quality and impact of government-funded projects.
- Citing the Philippines’ procurement reforms, De Leon highlighted Republic Act 12009, or the New Government Procurement Act, signed by President Ferdinand R. Marcos Jr. in 2024.
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