On the Philippine International Trading Corp. as a Procurement Arm
November 23, 2020
November 23, 2020 - 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. (30)