Bangko Sentral cuts contract with national ID supplier over failures. What’s next?
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.