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Jul 12, 2018 @ 18:34

Di lang PTV: COA also questions Wanda Teo’s deals with CNN, BBC

 

Even transactions with global networks were problematic.

The Department of Tourism (DOT) under removed Secretary Wanda Tulfo-Teo has come under fire for its P60-million contract with the state-run PTV for conflict of interest preferring the production company of her brothers.

The Commission on Audit (COA), however, dug deeper and found more controversies. In its 2017 audit report, the COA discovered that DOT’s advertising campaigns with international channels CNN, Discovery Networks Asia-Pacific (DNAP), and BBC also questionable.

Auditors pointed out deficiencies in the memorandum of agreement signed with these channels, especially that payments were expressed in the US dollar without a peso equivalent.

The contracts with CNN, DNAP, and BBC are worth a total of $3.5 billion, while a deal with CNN Philippines is worth another P20 million.

“There is insufficient fund to cover the fluctuations in foreign exchange during the entire contract implementation period and the chargeable taxes, bank charges and transfer fees,” the COA said.

The one-year lag between the signing of the contract and the exchange rate when the amounts were obligated spelled a P20.3-million difference.

Other problems were that the duration of the campaign period was not specifically stated in the project contracts, and did not come with comprehensive media plans and implementation reports.

In its defense, DOT said the additional funding needed were charged against the agency’s 2018 branding budget.

See related story:

Bara-bara: Wanda Teo’s P850M tourism marketing programs can’t be measured for success – COA

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