THE Department of Trade and Industry (DTI) is seeking to import an additional 150,000 metric tons of rice under a government-to-government scheme, saying that the process will take less time than an open tender.
In a statement Friday, the DTI said one of its agencies, the Philippine International Trading Corp. (PITC), has proposed to ship in up to 150,000 metric tons, equivalent to 3 million bags of rice, to supplement the inventory held by the National Food Authority (NFA). Full Article
The Department of Trade and Industry (DTI) is proposing to import 150,000 metric tons of rice, as increases in the staple’s prices were being largely blamed for a record inflation rate in August.
In a statement on Friday, the DTI said this would be done through its attached agency, the Philippine International Trading Corp. (PITC), to augment the current supply of the National Food Authority (NFA). Full Article.
PITC 45th Anniversary
Advancing Global Trade for the Filipino
PITC has reached a milestone as the Corporation celebrates 45 years of advancing global trade for the Filipino.
President and CEO Dave M. Almarinez welcomed guests to the celebration and led the launching of PITC Coffee Table Book - a colorful and multi-layered story of challenges, evolution, collaboration, and a forward-looking mindset that embraces change. The PITC story spans five-decades – from the turbulent periods of the 1970s and 1980s, the resurgence of Philippine industry and entrepreneurship in the 1990s, to the solid growth of our economy and a new bright age in Philippine manufacturing from the 2000s to today.
Ceremonial exchange of agreements between PITC and San Pablo Manufacturing Corporation and PITC and Microsoft Philippines were also spearheaded by P/CEO Almarinez and witnessed by Senator Koko Pimentel and Department of Information and Communications Technology Acting Secretary Eliseo M. Rio, Jr.
Secretary Rio cited DICT’s experience with PITC and ended his message with DICT Assistant Secretary Alan A. Silor’s surprised presentation of plaque of recognition to the PITC for its efficient and effective procurement service and support to ensure the success of the implementation of the Provincial Wi-fi Infrastructure Network of the DICT.
Senator Pimentel delivered the night’s Keynote Address and rallied behind PITC emphasizing the roles that PITC can do to continue advancing global trade for the Filipino.