As it faces financial and legal issues for the overseas purchase of 300,000 metric tons (MT) of rice, the Philippine International Trading Corporation (PITC) was told to just abandon the controversial government-to-government (G2G) importation plan.
As it faces financial and legal issues for the overseas purchase of 300,000 metric tons (MT) of rice, the Philippine International Trading Corporation (PITC) was told to just abandon the controversial government-to-government (G2G) importation plan.
In a statement, the Federation of Free Farmers (FFF) advised the PITC and the Department of Agriculture (DA), the government agency that proposed the said importation, to not pursue such a plan even if the former already conducted the bidding.
Right now, the PITC is having a hard time withdrawing from the Department of Budget and Management (DBM) the P7.45 billion that is needed to bankroll the importation. As a result, the PITC decided to withhold the award of winning bids.
See full article at Manila Bulletin
