Singapore corporate governance / India procurement controversy / Philippines DepEd purchases

Singapore forms advocacy body to level up corporate governance standards.  The Monetary Authority of Singapore (MAS) announced the establishment of the Corporate Governance Advisory Committee (CGAC), whose role is to "level up corporate governance standards and practices and help to strengthen investors’ confidence in (Singapore's) capital markets and uphold (the country’s) reputation as a trusted international financial centre".

Michelle Quah/The Business Times:


CAG points to several irregularities in Dassault’s Rafale bid during UPA.  The Comptroller and Auditor General of India’s report concluded that Rafale’s makers, Dassault Aviation, did not fulfill request for proposal (RFP) requirements at the stage of the technical evaluation committee with respect to air staff qualitative requirements, warranty clause and an option clause which meant the vendor should have been rejected.

The Times of India:


COA wants probe into DepEd Western Visayas' P68-M supplies purchase.  The Philippines Commission on Audit (COA) wants the Office of the Ombudsman to probe alleged irregularities in the purchase of educational materials done by the Department of Education (DepEd) Western Visayas office in 2005, whereby the vendor claims to not have been paid US$1.30 mil.

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