The Senate tried to subpoena the owners of Pharmally to its hearings, but their messengers found the addresses were either non-existent, left vacant, or were barely occupied. Its next contracts in April and May 2020 were smaller – P619,200 for thermometers, goggles ,and face shields, and P500,000 worth of test kits, won from the Philippine National Railways (PNR). The contract says it was won from the Procurement Service of the Department of Budget and Management (PS-DBM) by public bidding. 9184 (Procurement Law) and other relevant laws.”īut, to senators, this much was clear – Pharmally was too small a company for big-ticket procurements, considering the first contract it bagged was P54 million for 2.4 million pieces of surgical masks for P22.50 per piece. There’s also this thing about Duterte’s Bayanihan laws – it allowed frontline agencies to make the procurements “in the most expeditious manner, as exemptions from the provisions of Republic Act No. The company was new, had not incurred liabilities yet, and details were scarce if it had completed projects in the short time it existed before the pandemic, making it hard to compute its NFCC.
Philippine procurement law also requires what is called the Net Financial Contracting Capacity (NFCC), which should at least be equal to the project budget. The company’s financial state is also crucial to be eligible to bid. Pharmally does not show up in government database Philippine Government Electronic Procurement System (PhilGEPS) for any previous contract from the time it incorporated in September 2019. In the Philippines, to be able to qualify to bid for a government project, a company must show that it has previously completed a similar project worth at least 50% of the prospective contract budget. Rappler has found that Huang is connected to Duterte’s former economic adviser Michael Yang through a network of companies, some named Pharmally too. It was the biggest amount of contracts awarded among pandemic suppliers, with XuZhou Construction Machinery Group a far second for bagging P1.9 billion in deals. Pharmally edged out other suppliers, including those with track record of dealing with the government, and bagged a total of P8.7 billion worth of contracts funded by President Rodrigo Duterte’s Bayanihan 1 and 2 laws. Then the COVID-19 pandemic broke out, and the Philippines was on lockdown and scrambling to get supplies by March 2020. Pharmally Pharmaceutical Corporation’s financial statement, as of December 31, 2019. The company had no sales or revenues in 2019 and just incurred losses amounting to P25,549, as it spent for taxes and licenses.īy the end of 2019, its total asset was P599,540. Shareholders promised to subscribe a total of P2.5 million worth of shares. The company had nothing much in its financial statement: a paid-up capital of P625,000, with Huang contributing P250,000 to it. Huang owns 40% of the company, and his co-owners are Twinkle Dargani (10%), Mohit Dargani (30%), Linconn Ong (16%), and Justine Garado (4%). On September 4, 2019, a person named Huang Tzu Yen – Filipino according to a document submitted to regulators – registered the company Pharmally Pharmaceutical Corporation with the Securities and Exchange Commission (SEC).
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