The Bangko Sentral ng Pilipinas terminates its contract with the supplier of national IDs, All Card Incorporated. Sources tell Rappler the BSP’s Monetary Board decided on the termination a month ago.
Full story: https://www.rappler.com/business/bangko-sentral-terminates-contract-national-id-supplier-failures-what-next/
Full story: https://www.rappler.com/business/bangko-sentral-terminates-contract-national-id-supplier-failures-what-next/
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NewsTranscript
00:00The Banco Central ng Pilipinas terminates its contract with the supplier of national IDs, Allcard Incorporated.
00:07Sources tell Rappler, the BSP's monetary board decided on the termination a month ago.
00:12The board cited multiple failures on the part of ACI.
00:19ACI was tapped for the production of 116 million national ID cards.
00:24Under the 2.1 billion peso contract, ACI was supposed to lease printing machines to the BSP.
00:30The BSP still has its 495 million peso contract with ACI for the personalization of the national ID cards.
00:37The BSP has yet to comment on how the recent termination will affect this other contract.
00:42ACI earlier lost a bid to supply plastic cards for driver's licenses partly due to concerns about their ability to deliver.
00:50While the BSP and ACI are settling their legal dispute, tens of millions of Filipinos will be left waiting for a physical national ID.