MANILA, Philippines — Senator Francis “Kiko” Pangilinan called on the Palace to issue an executive order to transfer back to the national treasury the P33.4-billion funds parked in the bank accounts of the Philippine International Trading Corporation (PITC) and use it to buy COVID-19 vaccines for Filipinos.
Pangilinan made the remark Wednesday after Senate Minority Leader Franklin Drilon called on the upper chamber to compel the PICT to revert the amount to the national coffers.
“Since the PITC is under the Department of Trade and Industry (DTI), it is in the realm of executive action to order the immediate return of the said amounts,” Pangilinan said in a statement.
“And beca…
Keep on reading: Kiko urges Palace to transfer P33.4-B ‘parked funds’ to COVID vaccine