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Fortinet expands network security expert training institute offerings

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today introduced its new free Information Security Awareness and Training service for organizations looking to educate employees about the increasing risks of cyber attacks. .....»»

Category: techSource: thestandard thestandardDec 2nd, 2020

Growth in Fortinet Network Security Expert Institute Programs tackles cybersecurity skills gap

Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, announced increased global growth of its Network Security Experts Institute comprised of the NSE Certification program, Fortinet Network Security Academy (FNSA) and the Fortinet Veterans (FortiVet) program. .....»»

Category: techSource:  thestandardRelated NewsFeb 25th, 2020

Don Bosco Technical College partners with Fortinet to develop cybersecurity talents in Philippines

Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, today announced that a local education provider will now offer cybersecurity training and certification under the Fortinet Network Security Academy (FNSA) programme......»»

Category: techSource:  thestandardRelated NewsDec 3rd, 2019

No fans, no work: Arena workers caught in sports shutdown

By TIM REYNOLDS AP Basketball Writer MIAMI (AP) — David Edelman can usually be found at a Denver Nuggets basketball game or a Colorado Rapids soccer game. As an usher, he interacts with fans in a role he calls a staple of his life. But there are no Nuggets games for at least a month. No Rapids games, either. And Edelman has no idea what he’ll do now. “This is what I do for a living,” Edelman said earlier this week, as the realization hit that sports were going on hiatus because of the coronavirus. “This is my income.” Thousands of workers would have staffed the 450 NBA and NHL games that will not be played over the next month in response to the pandemic. And then there are the more than 300 spring training and regular-season baseball games, 130 NCAA Division I men’s and women’s tournament games, 50 or so Major League Soccer matches, all international golf and tennis tournaments, and who-knows-how-many high school, small college and other entertainment events canceled or postponed because of the global health crisis. The total economic impact of the loss of sports and other events because of the pandemic — assuming only a month shutdown — is impossible to calculate but will reach the billions, easily. Tickets aren’t being sold, so teams and leagues and organizing bodies lose money. Fans aren’t going to events that aren’t happening, so taxi drivers and ride-share operators have no one to ferry to and from those places. Hotel rooms will be empty. Beers and hot dogs aren’t being sold, so concessionaires and vendors lose money. Wait staff and bartenders aren’t getting tips. Without those tips, their babysitters aren’t getting paid. The trickle-down effect sprawls in countless directions. Some teams are trying to help. Dallas Mavericks owner Mark Cuban, within minutes of the NBA shutdown announcement, said he wanted to find a way to help workers who will lose money because games won’t be played. By Friday, he had his plan: “We will pay them as if the games happened,” he told The Associated Press in an email. Other teams, including the Cleveland Cavaliers, have made similar commitments to workers at not just NBA events but also the building’s minor-league hockey games. The Miami Heat, Toronto Raptors, Washington Wizards, Golden State Warriors and Atlanta Hawks were among the earliest NBA franchises to reveal they’re working on how they’ll take care of arena staffs. So have the NHL’s Washington Capitals, among others, and the ownership group for Detroit's Pistons, Red Wings and Tigers on Friday said they were setting up a $1 million fund “to cover one month's wages for our part-time staff for games, concerts and events that they would have otherwise worked." “Our teams, our cities and the leagues in which we operate are a family, and we are committed to looking out for one another,” New Jersey Devils owner Josh Harris said. There were many more significant gifts revealed later Friday. Zion Williamson of the New Orleans Pelicans said he would “cover the salaries” for workers at the team’s arena for the next 30 days. Blake Griffin of the Detroit Pistons pledged $100,000 for workers there, the San Jose Sharks said part-time arena workers would get paid for all games not played and Florida Panthers goalie Sergei Bobrovsky said he was giving $100,000 to workers in that club’s arena -- a donation matched by his teammates and followed by another pledge from the team’s ownership group. “This is a small way for me to express my support and appreciation for these wonderful people who have been so great to me and my teammates and hopefully we can all join together to relieve some of the stress and hardship caused by this national health crisis,” Williamson wrote on Instagram. At Chicago Blackhawks hockey games alone, about 1,500 workers are in or outside the building on event nights: guest services, concessions, parking, security, box office and so on. “The per game payroll is more than $250,000,” said Courtney Greve Hack, a spokeswoman for the United Center. If that’s the NHL norm — no official numbers are available — then workers around the league would stand to lose more than $60 million if hockey does not return this season. “I get it,” said Chris Lee, who owns a coffee and smoothies franchise in Arizona that draws 70% of its annual revenue sales at spring training and Arizona Coyotes hockey games. “But this is going to be really tough.” Lee was packing up cups that won’t be used when baseball announced Thursday that spring training was ending about two weeks early. He and his staff — one full-timer, 14 part-time employees — aren’t sure what comes next. The enormity of the numbers stacks up quickly. The group that owns the Raptors and other pro sports clubs in Toronto, Maple Leaf Sports and Entertainment, says it's trying to help 4,000 workers in that city. Extrapolate that across other Canadian and U.S. pro sports cities, and those teams could be looking at 100,000 workers feeling some sort of pinch — not counting the impact at college and other levels. Cavaliers star Kevin Love pledged $100,000 to help the workers in Cleveland address what he described as their “sudden life shift.” On Friday, reigning NBA MVP Giannis Antetokounmpo of the Milwaukee Bucks made a $100,000 pledge on behalf of his family “It’s bigger than basketball! And during this tough time I want to help the people that make my life, my family’s lives and my teammates lives easier," Antetokounmpo wrote on Twitter. The NCAA men’s Division I tournament generates about $900 million annually through television and marketing rights alone. In Albany, New York, which was scheduled to host men’s tournament games for the first time in 17 years, organizers estimated the economic loss from the three-day event to be about $3 million. Bars and restaurants bought tons of additional stock and perishables to prep for crowds that won't arrive. It’ll probably take a few years before the NCAA can bring the tournament back to many of the cities slated to host games next week. “It’s incredibly disheartening. There’s no question about that,” said Mark Bardack, president of public relations and management firm Ed Lewi and Associates, which had worked for more than a year on the planning of the tournament in Albany. “To have it all disappear, though obviously no one’s fault.” Some arena workers, many not wanting to be identified because of workplace policies about speaking to reporters, said they are living paycheck-to-paycheck. They’re not alone, of course: A study last fall by the American Payroll Association said 74% of workers in the U.S. would “experience financial difficulty” if their usual payday was delayed by as little as one week. In Philadelphia, Rodney Thompson works on commission selling popcorn and beer at 76ers basketball games, Flyers hockey games and Phillies baseball games. They’re all on hold. "The more I sell, the more I make,” the 56-year-old said. “The less I sell, the less I make. It would hurt me, financially. I would have no income coming in. ... I make pretty good money. But if there's no fans, there's no work.” ___ AP Hockey Writer Stephen Whyno in Washington, AP Sports Writers Tom Withers in Cleveland, David Brandt in Scottsdale, Arizona, Josh Dubow in San Francisco, Stephen Hawkins in Dallas and Dan Gelston in Philadelphia, and Associated Press Writers Matthew Carlson and Tim Cronin in Chicago contributed to this report. ___ The Associated Press receives support for health and science coverage from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content......»»

Category: sportsSource:  abscbnRelated NewsMar 14th, 2020

Yedpay secures Cloud Deployment with Fortinet to power business

Fortinet®, a global leader in broad, integrated and automated cybersecurity solutions, today announced that merchant payment solutions company Yedpay has deployed an end-to-end Fortinet Security Fabric to help bolster security as it moves its infrastructure to the cloud. Fortinet’s dynamic cloud security solutions enable Yedpay to protect its current operations, stay ahead of cyberattacks and confidently expand service offerings to grow the business......»»

Category: techSource:  thestandardRelated NewsJan 16th, 2020

Fortinet continues commitment to close Cyber Skills Gap thru NSE Institute Training, Certification Program

Fortinet continues commitment to close Cyber Skills Gap thru NSE Institute Training, Certification Program.....»»

Category: techSource:  thestandardRelated NewsApr 30th, 2019

SSS PENSION PARA SA IKALAWANG BATCH NG ENERO 2021, INILABAS NA!

INILABAS na ng Social Security System (SSS) ang pensyon para sa ikalawang batch ng Enero 2021 noong Enero 15, 2021, sa pamamagitan ng Philippine Electronic Fund Transfer System at Operations Network (PESONet) at iba pang mga checkless disbursement channel. Ang mga pensioner na sakop sa ikalawang batch ay ang mga petsa ng contingency na nagmumula […] The post SSS PENSION PARA SA IKALAWANG BATCH NG ENERO 2021, INILABAS NA! appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsJan 16th, 2021

PT& T expands network of US-based partner

Philippine Telegraph and Telephone Corp. has expanded anew its network of US-based partners to bolster its portfolio as it teams up with Status Pros to help companies work and manage their workforce from anywhere amid the prevailing pandemic......»»

Category: newsSource:  philstarRelated NewsJan 10th, 2021

Nium, Cebuana Lhuillier launch Quikz in Singapore to expand remittance capabilities for Filipino users

Quikz, Cebuana Lhuillier’s flagship mobile remittance app in the US, is now available in Singapore, made possible through a partnership between Cebuana Lhuillier and Nium, a global financial technology platform based in Singapore. Quikz will be powered by Nium’s trusted Remittance-as-a-service (RaaS) solution and Cebuana Lhuillier’s huge network of pay-out locations in the Philippines, allowing thousands of Filipinos based in Singapore to enjoy improved convenience, security, and real-time global transactions......»»

Category: techSource:  thestandardRelated NewsDec 16th, 2020

Alibaba Cloud revamps hybrid cloud strategy to accelerate enterprise cloud adoption

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group revamped its hybrid cloud strategy to focus on bringing compatibility, security, compliance, scalability, and reliability with its newly upgraded product offerings and its Hybrid Cloud Partner Program......»»

Category: techSource:  thestandardRelated NewsDec 14th, 2020

DA-ATI urges public to be riceponsible; recognizes rice achievers

CAGAYAN DE ORO CITY, Dec. 4 (PIA)--The Department of Agriculture-Regional Field Office (DA-RFO)-10 and the Agricultural Training Institute (ATI)-10 capped the National Rice Awareness Month celebrat.....»»

Category: newsSource:  manilanewsRelated NewsDec 6th, 2020

SSS okays pensioners& rsquo; 13th month pay

The Social Security System (SSS), through Development Bank of the Philippines (DBP), has released its December pension and 13th-month bonus amounting to P23.1 billion to Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating banks and other checkless disbursements channels to be credited to pensioners’ bank accounts starting December 1 but not later than December 4, 2020......»»

Category: newsSource:  thestandardRelated NewsNov 27th, 2020

BAGONG ISKEDYUL NG SSS SA PAGBIBIGAY NG MONTHLY PENSION

SIMULA sa Oktubre 2020, ang Social Security System ay may sinusunod na bagong iskedyul ng pagbibigay ng buwanang pension gamit ang Philippine Electronic Fund Transfer System and Operations Network (PESONet). Sakop ng bagong iskedyul ang mga pensyonado na nakatatanggap ng kanilang pensyon sa pamamagitan ng PESONet participating banks, e-wallets at ng Development Bank of the […] The post BAGONG ISKEDYUL NG SSS SA PAGBIBIGAY NG MONTHLY PENSION appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsNov 7th, 2020

DA engages farmers-coops, associations through entrep training

SAN FERNANDO CITY, Nov. 4 (PIA) -- The Department of Agriculture (DA) in the Ilocos, in partnership with the Bureau of Internal Revenue (BIR) and the Agricultural Training Institute (ATI) provided.....»»

Category: newsSource:  philippinetimesRelated NewsNov 4th, 2020

Afghanistan mourns after 22 killed in university attack

Stunned students demonstrated outside Kabul University on Tuesday after at least 22 people were killed in a brutal, on-campus attack claimed by the Islamic State group. A journalist walks inside of a damaged class of the National Legal Training center, a day after gunmen stormed Kabul university in Kabul on November 3, 2020. – Stunned students demonstrated outside Kabul University on November 3 after at least 22 people were killed in a brutal, on-campus attack claimed by the Islamic State group. (Photo by WAKIL KOHSAR / AFP) Holding banners stating: “Stop Killing Us”, the small gathering came as Afghanistan observed a national day of mourning and the first funerals were expected. Monday’s assault at the popular university near central Kabul saw three attackers — one of whom blew himself up — rampage through the campus, shooting students in their classrooms. IS also claimed a similar attack on an educational centre in Kabul less than two weeks ago that killed 24 people. Afghan security forces have been grappling with surging violence that has only worsened in recent months despite the government holding peace talks with the Taliban in Qatar. The insurgent group have said they were not involved in Monday’s attack, but Vice President Amrullah Saleh blamed them and their supporters in Pakistan. The Taliban have in turn blamed “evil elements” that have “sought refuge” with the Kabul administration, accusing the government of harbouring and assisting militants. Fraidoon Ahmadi, a 23-year-old student, told AFP on Monday he was in class when gunfire broke out. “We were very scared and we thought it could be the last day of our lives… boys and girls were shouting, praying and crying for help,” Ahmadi said. He said he and other students were besieged for more than two hours before being rescued. Images posted online showed what appeared to be the bodies of slain students lying by desks and chairs. Zalmay Khalilzad, the US special envoy who helped bring the warring Taliban and Kabul government together for talks, urged the two sides to accelerate a political settlement. “This barbaric attack is NOT an opportunity for the government and the Taliban to score points against each other. There is a common enemy here,” he tweeted.  “Deny ISIS or any other terrorist the space to carry out these inhumane acts,” he added, using another name for the terrorist group. President Ashraf Ghani has vowed to take revenge for the assault, with an investigation underway to determine how the gunmen entered the university with weapons. .....»»

Category: newsSource:  mb.com.phRelated NewsNov 3rd, 2020

US jury tells Apple to pay $503 million in patent case

A jury in Texas on Friday decided that Apple should pay $503 million for infringing virtual private network technology patented by software security firm VirnetX......»»

Category: techSource:  thestandardRelated NewsNov 1st, 2020

Coke PH expands Balik Pinas program for repatriated OFWs

Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling arm of Coca-Cola in the country—has expanded its Balik Pinas program to national scale to reach more repatriated overseas Filipino workers (OFWs) and help them start their own business at home. Gareth McGeown, CCBPI President and CEO. “Coca-Cola’s commitment to Filipinos has only grown stronger, in weathering this crisis together,” said Gareth McGeown, CCBPI President and CEO. “We will help and support where we can. Through Balik Pinas, our goal is to help repatriated OFWs who have lost their livelihood abroad to start anew, via owning and operating their own business and be successful here, at home, with their families.” With the help of the Department of Labor and Employment (DOLE), CCBPI aims to reach more OFWs who are interested to start their own business through Balik Pinas. Data from the Department of Foreign Affairs show that as of September 2020, over 190,000 overseas Filipino workers have been repatriated. Balik Pinas gives opportunities to OFWs to be part of the Coca-Cola family as a distributor, wholesaler, or a community reseller. Balik Pinas is a journey that the company and new entrepreneurs take together at every step—from setting up the business, to sustaining it, to ensuring growth. Coca-Cola assists former OFWs in choosing a suitable business model for their area, helps in managing their cash flow and inventory, and sees to it that they are given proper guidance and training until they are fully ready and equipped to operate on their own—all in all, a sustainable and profitable business founded on practical support from a global beverage brand. According to Carlos Rivera, CCBPI Territory Sales Team in Naga City, the Balik Pinas Program started as a small-scale initiative in Naga City to help former OFWs. Just a couple of months after returning home, Carlos Manzano and his family was able to set up their business as Coca-Cola distributor through the Balik Pinas Program, which Carlos said has reshaped his life and outlook forever. IN PHOTO: Carlos and their family’s multi-cab routing unit with the Coca-Cola Naga Sales team. When the program’s pilot rollout started, the Manzanos—brothers Carlos and Jazz, and their father Lito—were among the pioneer members. Carlos and Jazz had both been working for several years in Qatar until the COVID-19 pandemic shook the trajectory of their career and, consequently, the well-being of their families. Together with their father, Lito, who also used to be an overseas worker, they set up a beverage distribution business in their hometown Naga City. Their optimism, as with any new business venture, was tempered with anxiety over how it would all turn out—especially with the considerable challenge of launching during such tenuous times until Rivera offered them membership to the Balik Pinas Program of Coca-Cola. Now, the Manzanos are running a profitable business as Coca-Cola distributors. “Even when I had to leave Qatar suddenly because of the lay-offs, I always envisioned that I would head back to work there when things settle. But with Coca-Cola’s Balik Pinas, I have a livelihood that doesn’t take me away from my family as being an OFW had,” said Carlos.  Lito can still remember his first order of 60 cases of Coke products. Now, the Manzano  family business has grown to an average of 4,000 cases a month, just five months after they started—a feat magnified for it being in the middle of a pandemic and strict quarantine measures. The Manzanos have also since invested in routing units to augment their business’s capabilities—a multicab and a tricycle. Since starting his business in 2019, Billy Belleza (left), is now one of the prominent Coca-Cola distributors in his area and has added another mini truck to serve more routes and deliveries. Billy is one of the pioneers of Coca-Cola’s Balik Pinas program. Another Balik Pinas program pioneer member is Billy Belleza who decided to return to the country after working for 20 years in Brunei. “I am really thankful that Coca-Cola reached out to me to be a part of this. They have never failed to present opportunities for me and my business to grow since I decided to take part in the Balik Pinas Program. My sales actually soared this year,” said Belleza, who is also based in Naga City. According to Rivera, Balik Pinas Program was really designed for returning OFWs like Billy, Carlos, and Jazz and their families to set up and run a viable business at home. “With their success and in light of current events, this program was expanded to operate on a national scale, so the company can lend assistance to repatriated OFWs and their families as they weather through new challenges brought on by the pandemic,” Rivera said. Coca-Cola has consistently sought to create programs to support MSMEs, more so now with the COVID-19 pandemic having disrupted countless lives and livelihoods. With programs like Balik Pinas, Coca-Cola remains firm in their commitment to help local communities, contributing to the restart of the national economy—by way of reaching out to Filipinos.  To know more about the program, you may reach Coca-Cola’s contact center at (02)-8813-COKE (2653). For SMART/PLDT users: toll-free number: 1800-1888-COKE (2653); and for GLOBE users: toll-free number: 1800-8888-COKE (2653). You may also contact 0919-160-COKE (2653) via SMS......»»

Category: lifestyleSource:  abscbnRelated NewsOct 24th, 2020

Bulacan farmers explore basic beekeeping

MALOLOS CITY, Oct.22 (PIA) -- Bulacan farmers explored the basics of beekeeping through a three-day webinar organized by Agricultural Training Institute-Central Luzon (ATI-CL).Mr. Jonathan A.....»»

Category: newsSource:  philippinetimesRelated NewsOct 23rd, 2020

Sweden bans China s Huawei, ZTE from 5G network

Sweden has banned Chinese telecoms groups Huawei and ZTE from its 5G network for security reasons, the Swedish telecoms regulator said on Tuesday......»»

Category: newsSource:  thestandardRelated NewsOct 20th, 2020

What spokespersons do

THE VIEW FROM RIZAL Dr. Jun Ynares An apparent “word war” recently erupted between the science community of the University of the Philippines (UP) and the Department of Environment and Natural Resources (DENR). The tussle seems to have been triggered by what the DENR spokesperson described as a criticism from the UP scientists, particularly those who are part of the UP Marine Science Institute (UP MSI). The institute, according to its website, is UP’s “coordinating base for marine research.” Its mandate is to “pursue research, teaching and extension work” related to marine life in the large bodies of water in the country. The spokesperson of the DENR was visibly angry when he fired verbal shots against UP’s science community at a televised media conference last week. The DENR spokesperson labeled the UP scientists “bayaran” which roughly translates in English as “mercenaries” or “whore.” The televised rant was apparently triggered by what the spokesperson said was the criticism by UP scientists against the DENR’s “white sand” project for the Manila Bay shore. The project, it will be recalled, involved the use of so-called “dolomite” – the residue derived from crushing rocks and stones and which visually resembles white sand. Media described the DENR spokesperson’s action as “lashing out” against the UP experts, saying the latter have no right to air their criticism. He accused the scientists of having received some P500 million from the government and delivering nothing but consultation services. According to media, the DENR spokesperson called the UP scientists “blood-suckers.” In reporting the rant by the DENR spokesperson, media used the headline “DENR slams UP scientists.” This led to confusion among media consumers like us. Wasn’t it the DENR spokesperson who “slammed” UP scientists and not DENR per se? Why should the rant dished out by a spokesperson be attributed to the entire department? To explain the role of a spokesperson and the nature of that job, we turned to international training consultant and fellow Antipoleño Archie Inlong. Archie served as spokesperson for three major agencies – the erstwhile Department of Transportation and Communication, and the two Presidential Task Forces which rebuilt the areas affected by major disasters, the earthquake of 1990 and the subsequent eruptions of Mt. Pinatubo. “There are three important tasks that the spokesperson of a government agency performs,” he told us. “These are, first, to provide relevant information and instructions; second, to issue clarification when needed; and, third, to give assurances to the public on behalf of the organization he represents,” Archie explained. “Occasionally, the spokesperson also shares the point of view of the head of the agency, the latter’s prognosis, and position on certain issues,” he added. “There are items outside of what the spokesperson may safely say to the public, and these include rants, insults, accusations,” he continued. “When these come out of the spokesperson’s mouth,” the public interprets them as the official statement of the entire organization and its head,” he pointed out. This should explain why media now interprets the “mercenary/whore” label given by the DENR spokesperson to the scientists of UP as a “slam” coming from the DENR itself. “The spokesperson is a mouthpiece, that’s all,” Archie added. “We, spokespersons, must be good mouthpieces,” he said. Does that mean that a spokesperson is not entitled to express his own opinion, his own views, his own sentiment? This was his answer: “No, his job is to speak on behalf of the organization and its head, period.” “That disclaimer used by some spokespersons that the comment he or she made ‘is just my own opinion’ does not work,” Archie explained. “Outside of his role as the mouthpiece of the organization, the spokesperson has no personality and his words would carry no weight,” he added. So, does that mean we have to interpret the labels “mercenary” and “whore” given to UP scientists as having come from the DENR secretary himself, I asked. This was the answer I got. “Unless and until the head of agency disowns the statement, that would be the case.” Lesson learned: what the spokesperson says is the official stand of the organization and its head. That means the spokesperson job is something that must be taken seriously and must be handled with utmost prudence and care. Words have power. Particularly those that come from a spokesperson’s mouth......»»

Category: newsSource:  mb.com.phRelated NewsOct 18th, 2020

COA questions ‘validity and propriety’ of Land Titling Computerization Project

The Commission on Audit has questioned the “validity and propriety” of the Land Titling Computerization Project (LTCP) of the Land Registration Authority (LRA)that lacked approval of the President and allegedly deprived the government an estimated P3.12 billion in possible income. COA has questioned the  Build-Own-Operate Agreement  (BOO) for the implementation of the LTCP that has so far earned for the private partner of the LRA some P21 billion in just 10 years. The audit agency’s observations are contained in the recently-released  2019 LRA annual audit report submitted to LRA Administrator Renato Bermejo by COA Director Michael Bacani. The LTCP introduced the automation of the functions and processes and standardization of the registration procedure for land registration in the country. COA said the BOO between the LRA and the Land Registration Systems Inc. (LARES) lacked the mandatory approval of the President as required under Republic Act 77198. “Other necessary documentary requirements were likewise not submitted to the Office of the Auditor, thus, validity and propriety of both the BOO and the corresponding IT service fees collected and released by LRA to Lares, Inc. amounting to more or less P20 billioin out of the P21 billion, as doubtful,” COA stated. The BOO was originally entered into by LRA with the Stradec FF Cruz and CONFAC (SUFC) Consortium, now LARES), in 2000 for the implementation of the agency’s Information Technology Network and Database Infrastructure Project. In a special audit on the contract that was conducted by COA from 2004 to 2005, the audit agency concluded that the LTCP “was not efficiently and effectively implemented and the interest of the government and the public was not adequately protected” due to the delay in its implementation. In the 2015 annual audit report, COA observed that various documents covering the BOO were not certified true copies, including the presidential approval of the agreement through then Executive Secretary Ronaldo Zamora. In 2019, COA sought confirmation of the presidential imprimatur of the agreement but Malacanang was not “able to provide positive confirmation on the authenticity of the presidential approval dated July 31, 2000” that was ostensibly signed by Zamora. Originally costing just P3.483 billion, the project was able to earn P21 billion, P20 billion of which was released to LARES. The LRA management took exception to COA’s doubts on the validity and propriety of the BOO agreement is”without factual and legal basis”. Officials of the agency also pointed out that all BOO Contracts are presented to the president through the National Economic Development Authority. “Since the President chairs the NEDA Board, NEDA Board approval already carries with it the president’s approval,” the LRA argued. In the same audit report, COA disclosed that the LRA has failed to incorporate amendments to the agreement with LARES for the provisions of reasonable rate of return (ROI) to ensure that “no unwarranted benefit is given to the LARES” at the expense of the public.” “Likewise the absence of a revenue sharing arrangement deprived Government of more or less P3.12 billion of possible income,” the state audit agency noted. Audit examiners stressed that LRA has continuously failed to assess the “extent of recoupment of the investment” relative to the total IT services fee imposed and collected.  They said this is”detrimental to the paying public which the government ought to protect.” COA also assailed LRA for allowing the use of 12 “outdated” network switches, “causing security vulnerability and possible performance defect due to bugs.” Further, only two out of 10 software licenses were used for the project. Among the outdated software installed was the Kaspersky Security version 10.0.0.485......»»

Category: lifestyleSource:  abscbnRelated NewsOct 18th, 2020