| CORPORATE PROFILE | ||
The Philippine International Trading Corporation (PITC) is a chartered, government – owned International Trading Organization with over thirty-five (35) years proven competency in the Outsourcing, Export Consolidation, Logistics Solutions, Supply Chain Management, Import as well as Marketing of a wide range of commodities, products and services Through PITC’s myriad trading platform, PITC is confident and ready to facilitate and implement trade opportunities, establish joint ventures, exclusive representation and distribution including business develop- ment for emerging markets. Established in 1973 to pioneer in establishing Philippine trade with the Socialist and Other Centrally Planned Economy Countries (SOCPEC), PITC was given a broader mandate in 1977 to be the prime mover in the expansion of Philippine trade worldwide. It has since embarked on various innovative trading activities by implementing facilitative trade-related services and responsive business solutions. In August 2004, PITC was designated as a key agency in the implementation of the President’s 10-Point Legacy Program, which includes lowering the prices of essential medicines by 50%, by 2010. PITC Pharma, Inc., a subsidiary of PITC, was created to focus on delivering this important legacy thru distribution channels such as the Botika Ng Bayan (BNB), Botika ng Barangay (BnB) and the BNB Express stores and outlets nationwide. Navigating through opportunities and challenges, PITC’s agile character and diverse mandate has enabled itself to transform, adapt and attune to the dynamic global trading environment as well as to current domestic market forces. Understanding the past but shaped by the future through its holistic approach, PITC’s men & women shall endeavor to ensure its competitiveness as the agency of choice towards the fulfillment of its vision aimed at uplifting the quality of life of the Filipino people thereby promoting equitable national prosperity. |
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Don’t deal with Pfizer, consumers urge state companies |
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A consumer group has urged the Philippine International Trading Corp. and the Bureau of Food and Drug not to enter into settlement with Pfizer which sued them for allowing into the country cheaper versions of Norvasc, an anti-hypertension drug, from Pakistan in 2005. |
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DOH sets generic drug campaign |
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THE Department of Health (DOH) today presented its new generic drugs campaign called Project 100, or Pl00, which aims to provide the public with quality drug packages for common diseases for only P100. |
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Health Department blames doctors and pharma lobby |
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SOME people addicted to conspiracy theories are beginning to ask: Did the pharmaceutical lobby insert the generics issue as an apple of discord in the House of Representatives’ Cheaper Medicines Bill? |
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PITC to Create More Botika ng Barangay |
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The Philippine International Trading Corporation (PITC) will establish more Botika ng Barangay outlets in 2008 as the government plans to increase by 50 percent the community-based drug outlets branch expansion fund of Php98 million next year.
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Vision Statement |
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PITC is a dynamic
and self-sustaining government corporation engaged in trading and
marketing activities aimed at uplifting the quality of life of the
Filipino people and promoting equitable national progress |
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Mission Statement |
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As the lead government
trading and marketing institution, PITC shall: |
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1 |
Make quality essential medicines available,
accessible and affordable to the greater masses of our people; |
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Promote countertrade and exports thus
creating job opportunities and improving the country's balance of
payment; |
| 3 |
Be the most efficient and cost-effective
procurement institution for government entities; |
| 4 |
Help stabilize prices and ensure supply
of basic goods and services; and |
| 5 |
Develop core competency and progressive
career path for its employees. |