MANILA, Philippines - The Subic Bay Metropolitan Authority (SBMA) is set to require locators, suppliers and contractors of the Subic Bay Freeport to sign the Integrity Pledge in line with its commitment to promote ethical business practices.
According to SBMA chairman Roberto Garcia, the agency would encourage local government units it has transactions with to be part of the initiative.
The move is being taken to make other stakeholders in the freeport involved in the agency’s commitment to eliminate graft and corruption.
In July, the SBMA signed the Integrity Initiative which is a private sector led effort aimed at helping the country escape from the vicious cycle of corruption through strengthening ethical standards in the society.
The initiative is a formal and concrete expression of commitment to abide by ethical business practices and to support a national campaign against corruption.
Upon signing of the pledge, the SBMA has implemented various measures to ensure transparency and implemented strict guidelines on receiving and giving of gifts, contributions, sponsorships and other tokens from or to all sectors.
“As a matter of fact, the SBMA is already implementing appropriate internal systems and controls to prevent, detect, and respond to any unethical conduct by our personnel, ensure good governance, and institutionalize the values of integrity and accountability in our business transactions,” he said.
To facilitate the implementation of measures aimed at promoting ethical business practices within the freeport, Garcia said the agency will also be forming a monitoring team.
He noted that the SBMA has long been involved in promoting ethical business practices through the eradication of one major source of corruption which is red tape.
The agency has been working to simplify processes and expedite transactions in accordance with Republic Act 9485 or the Anti-Red Tape Act of 2007.