Archived Articles

June 22, 2016 Butch Bacaoco (Negros Daily Bulletin) | http://goo.gl/EgwTKT

The Sugar Regulatory Administration reports a 3.88% (89,865 MT) drop in the country’s raw sugar production, from about 2.31 million MT in Week Ending June 7, 2015 to 2.22 million MT as of WE June 5, 2016.

To date, only Option MPC is still milling and will continue to do so until the end of…

June 14, 2016 Jess Diaz (Philippine Star) | http://goo.gl/MJe5nu

MANILA, Philippines - The incoming Duterte administration is eyeing an increase in the 12-percent value-added tax (VAT), budget secretary-designate Benjamin Diokno said yesterday.

He said he is in favor of increasing the VAT “up to a maximum of 15 percent.”

He told ABS-CBN News Channel that he…

June 8, 2016 Philippine Star (Louis Maureen Simeon) | http://goo.gl/2mxzje

MANILA, Philippines – Local sugar traders are now allowed to import an additional 100,000 metric tons (MT) of sugar following the tightness in supply due to the recent dry spell, the Sugar Regulatory Administration (SRA) said.

In an order, the SRA said the decision was reached after certain…

June 14, 2016 Jerome Aning (Philippine Daily Inquirer) | http://goo.gl/oDKJNG

MANILA — The Department of Justice has expressed support for the passage of a congressional measure clarifying the definition of raw sugar for the purpose of exempting it from the value added taxes being collected by the Bureau of Internal Revenue.

In a one-page legal opinion dated May 24…

May 31, 2016 Lucy Cramer and Wilawan Watcharasakwet (Wall Street Journal) | http://goo.gl/3eRLsI

Heat and drought caused by one of the worst El Niño weather events in six decades have taken their toll on Thai sugar cane fields

Thailand is the world's second-largest sugar exporter, after Brazil, but a drought is hurting production this season. Here are the key…