MANILA, Philippines — Trade Secretary Ramon Lopez on Friday said the Philippine International Trading Center (PITC)has “nothing to hide” following controversies hounding it over the P33 billion in public funds supposedly sitting idle in its accounts.
Citing reports and documents sent to him, Lopez said all funds pending with the PITC, a firm under the Department of Trade and Industry (DTI), are either for ongoing procurement or for awarded projects.
“Hence, not idle…As proven by documents like the Agency Outsourcing Request (AOR), all funds transferred are fully accounted [for] and used for the procurement of the goods and services,” Lopez told INQUIRER.net in a message.
“Th…
Keep on reading: Amid controversy, DTI chief says PITC ‘has nothing to hide’