An Act Extending the Corporate Life and Expanding the Powers of the Philippine International Trading Corporation (Pitc), Amending for the Purpose Presidential Decree No. 1071, Otherwise Known as the Revised Charter of the Philippine International Trading Corporation
The bill would keep the Philippine International Trading Corporation alive until 2077, raise its authorized capital to ₱1.5 billion, and give it new powers to act as the nation’s supply‑chain manager for essential medical and other critical supplies, including creating a dedicated stockpile division, allowing procurement outside the regular government‑procurement rules, using digital platforms, and opening field offices in Cebu and Davao.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-2127. Status changes over time; check the link for the latest.
SBN-2127 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.