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Politics

FUND ‘AYUDA’ WITH UNUSED PITC FUNDS – DRILON

Senate Minority Leader Franklin Drilon urged the Department of Finance (DOF) to look at unexpended and unused funds that could be sitting idly in the Philippine International Trading Corporation (PITC) to fund the much-needed social amelioration program (SAP) or ‘ayuda.’ As the government scrambles to find money for ayuda or cash grant, Drilon said it […]

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Politics

PANGILINAN: BUY VACCINES WITH PITC ‘PARKED FUNDS’

An executive order should be issued to transfer back to the National Treasury the P33.4 billion “parked” in the bank accounts of the Philippine International Trading Corp. (PITC) to buy a huge chunk of the coronavirus disease (COVID-19) vaccines for Filipinos, Senator Kiko Pangilinan said. “Since the PITC is under the Department of Trade and […]

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Government

PITC: NEW BFP FIRE TRUCKS, STATIONS BY YEAREND

The Philippine International Trading Corporation (PITC) assured Senate President Pro Tempore Ralph Recto that the procurement process for fire trucks and fire station needs of the Bureau of Fire Protection (BFP) is on track and awards for project implementation shall be issued before the year ends.   PITC issued the statement in response to concerns […]

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Politics

STOCKPILE ON STRATEGIC SUPPLIES – GORDON

To avert shortages arising from disasters such as the reported shortages of supplies in different parts of the globe due to the coronavirus disease 2019 (COVID-19) scare, Senator Dick Gordon reiterated the need for the government to stockpile on strategic supplies. Gordon reiterated this during the continuation of the hearing conducted by the Committee on […]