{"id":16250,"date":"2025-09-21T18:10:35","date_gmt":"2025-09-21T16:10:35","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=16250"},"modified":"2025-09-21T18:10:35","modified_gmt":"2025-09-21T16:10:35","slug":"impending-crackdown-on-conflicts-of-interest-at-pcab","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/21\/impending-crackdown-on-conflicts-of-interest-at-pcab\/","title":{"rendered":"&#8220;Impending Crackdown on Conflicts of Interest at PCAB&#8221;"},"content":{"rendered":"\n<p class=\"p2\">THE Department of Trade and Industry (DTI) announced it is examining a more rigorous licensing framework for contractors to minimize corruption in public works.<\/p>\n<p class=\"p3\"><span class=\"s2\">Trade Secretary Ma. Cristina A. Roque indicated that a fact-finding committee established by the DTI will enable the DTI to assess what modifications should be implemented to enhance the licensing procedure for contractors, which is presently managed by the Philippine Contractors Accreditation Board (PCAB).<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">\u201cWe\u2019re collaborating with the Department of Public Works and Highways (DPWH) and the independent organization set up by the President,\u201d she informed journalists.<\/span><\/p>\n<p class=\"p3\">Among the modifications being contemplated is a prohibition on contractors from being members of the PCAB.<\/p>\n<p class=\"p3\">\u201cThat presents a conflict of interest. It shouldn\u2019t be that way. The legislation requires amendments,\u201d she remarked.<\/p>\n<p class=\"p3\">She mentioned that the department&#8217;s internal inquiry is still in progress.<\/p>\n<p class=\"p3\">\u201cWe still need to verify (certain issues). Once validated, we will release a statement concerning companies that are owned by PCAB members (or whether past) executive directors (also own businesses),\u201d she stated.<\/p>\n<p class=\"p3\"><span class=\"s3\">\u201cHowever, it\u2019s premature to comment since these are all accusations. We can\u2019t truly ascertain until we confirm,\u201d she added.<\/span><\/p>\n<p class=\"p3\">At present, she noted the department is in the midst of appointing new PCAB members.<\/p>\n<p class=\"p3\">\u201cThey are appointed by the President. We are simply awaiting their appointments to be announced,\u201d she stated.<\/p>\n<p class=\"p3\">In a notice issued last week, the PCAB mentioned that the sanction and issuance of licenses can proceed only after the appointment or reconstitution of the PCAB board.<\/p>\n<p class=\"p3\">\u201cUntil such appointments occur, all applications will remain pending board action,\u201d it stated, emphasizing that acceptance of license applications will persist through the PCAB online licensing portal. \u2014<b> Justine Irish D. Tabile<\/b><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/economy\/2025\/09\/21\/699891\/pcab-conflict-of-interest-crackdown-looming\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE Department of Trade and Industry (DTI) announced it is examining a more rigorous licensing framework for contractors to minimize corruption in public works. Trade Secretary Ma. Cristina A. Roque indicated that a fact-finding committee established by the DTI will enable the DTI to assess what modifications should be implemented to enhance the licensing procedure<\/p>\n","protected":false},"author":3,"featured_media":16251,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3680],"class_list":["post-16250","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-pcab-conflict-of-interest-crackdown-looming"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;Impending Crackdown on Conflicts of Interest at PCAB&quot; - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/21\/impending-crackdown-on-conflicts-of-interest-at-pcab\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;Impending Crackdown on Conflicts of Interest at PCAB&quot; - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"THE Department of Trade and Industry (DTI) announced it is examining a more rigorous licensing framework for contractors to minimize corruption in public works. 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