Tag: PITC

‘Napagiiwanan’ na PITC, Bubusisiin ng Senado

Upang matiyak na hindi ito nakikidoble sa ibang ahensiya, kailangang mapag-aralan ang mga umiiral na tungkulin ng Philippine International Trading Center (PITC).

Binigyang-diin ito ni Senador Panfilo Lacson sa harap ng usapin na mistulang napipigilan nito ang pag-realign ng pondo para sa mahahalagang proyekto.

“The issue is this: If the agencies procure items via their own Bids and Awards Committees or the Department of Budget and Management’s Procurement Service, the funds that are not used can be converted into savings. The President, Senate President, House Speaker and Chief Justice are allowed by the Constitution to realign these to other items within their respective offices. But funds with the PITC become idle and are returned to the Treasury,” pagsisiwalat ni Lacson sa panayam ng ABS-CBN News Channel.

“So development is stunted in some ways because funds that should have been available are returned to the Treasury and cannot be realigned for other needs,” dagdag ni Lacson.

Related: Lacson Stresses Need to Revisit Functions of ‘Redundant’ PITC
Continue reading “‘Napagiiwanan’ na PITC, Bubusisiin ng Senado”

Lacson Stresses Need to Revisit Functions of ‘Redundant’ PITC

Sen. Panfilo M. Lacson on Wednesday stressed the need to revisit the functions of the Philippine International Trading Corp. (PITC), which is turning out to be a redundant agency.

Lacson said the PITC can potentially stunt national development since the funds “entrusted” to it for procurement cannot be used and realigned for urgent programs.

“The issue is this: If the agencies procure items via their own Bids and Awards Committees or the Department of Budget and Management’s Procurement Service, the funds that are not used can be converted into savings. The President, Senate President, House Speaker and Chief Justice are allowed by the Constitution to realign these to other items within their respective offices. But funds with the PITC become idle and are returned to the Treasury,” he said in an interview on ABS-CBN News Channel.

“So development is stunted in some ways because funds that should have been available are returned to the Treasury and cannot be realigned for other needs,” he added.

Related: ‘Napagiiwanan’ na PITC, Bubusisiin ng Senado
Continue reading “Lacson Stresses Need to Revisit Functions of ‘Redundant’ PITC”

On the Philippine International Trading Corp. as a Procurement Arm

Utilizing the Philippine International Trading Corp. (PITC) for the procurement requirements of several national government agencies may have to be revisited and stopped, not only to save on unnecessary expenses amounting to billions of pesos in delays and commissions or service fees.

Since the creation of the Government Procurement Service under the Department of Budget and Management, the PITC may have outlived its purpose. Initially, it was only used to circumvent the procurement of medicines, especially for emergency needs. But later, it has expanded into the procurement of other items like rice.

That said, it is only prudent that the government at least take a long hard look at the involvement of the PITC in the procurement of COVID-19 vaccines.

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