Amidst the COVID-19 pandemic, the need for efficient public procurement, especially medical procurement has become an urgency. Procuring entities are adopting emergency procedures like direct contracting and shorter bid validity periods to cope with the overwhelming requirements. These operational changes make it even more relevant to maintain transparency and accountability in a sector that is inherently prone to corruption.
Posted on September 22, 2021
The first phase of FairBiz is coming to an end. The project, supported by the UK Government, started in 2018 and involved many partners and stakeholders in ASEAN, especially companies from the private sector, many of whom have highlighted the positive impact of FairBiz on their company's operations. One such entity is Vietnam International Maritime Corporation (former Vinalines), and we are proud to present Ms Do Thanh Thuy, Vice Director of Internal Audit Department at Vietnam International…
Posted on August 13, 2021
Globally, a survey undertaken by the Association of Chartered Certified Accountants in 2019 reported that 64% of respondents highlighted bribery and corruption as key concerns for SMEs while a similar survey in Malaysia in 2018 noted that 80% of SMEs were in concurrence over the same concerns. The effects of bribery include below-par products or services and denial of licenses to operate, but these direct costs of corruption are relatively smaller than the indirect costs that face SMEs, such…
Posted on August 2, 2021
Obtaining decent employment is a tough challenge for young people across Asia-Pacific. The prevalence of corruption has a significant impact on their opportunities. Ensuring business integrity is not just an ethical consideration for young social entrepreneurs in the region, it is a must if they want to see their business grow and prosper. But it is not an easy journey, as experienced by young people involved in our project on fair business.
Posted on December 9, 2020