PCIC to remain under Finance dept

By Raadee S. Sausa

THE chief of the Philippine Crop Insurance Corp. (PCIC) said the Governance Commission for Government-owned and -controlled corporations (GCG) decided it will remain under the Department of Finance (DOF).

“I think there’s already a decision on that with the GCG, right now we’re still will be under the DOF,” Philippine Crop Insurance Corp. (PCIC)

President Jovy C. Bernabe said last Tuesday. The Department of Agriculture (DA) earlier proposed that the PCIC be brought back under its supervision to “harmonize” its operations for “better” food production and food security.

Gideon D.V. Mortel, GCG commissioner, confirmed Bernabe’s statement citing their recent meeting with officials of the PCIC, the DOF, the DA, the Department of Budget and Management department and the performance management system. The discussion is really for the PCIC to remain under the wing of the DOF,” Mortel added.

“Right now, we are focusing on our financial operations and we’re getting a lot of good inputs from our financial economic managers, while we are under the DA,” Bernabe said.

“So we have to make sure that the financial status remains robust and being under the DOF really is helpful to the PCIC,” he added.