June 17, 2015
Czeriza Valencia (Philippine Star) | http://goo.gl/OnpCLd
MANILA, Philippines - The Sugar Regulatory Administration (SRA) has lowered the conversion fee for world market “D” sugar to domestic “B” sugar under the ongoing reallocation of stocks.
Through a sugar order dated June 10, SRA administrator Ma. Regina Martin ordered the reduction of the conversion fee of P20 per 50-kilogram bag to P10 per 50 per kilogram bag.
June 16, 2015
Sugaronline | http://goo.gl/wSqPJC
The Bureau of Customs (BOC) seized PHP13 million (US$287.903) worth of smuggled sugar from Thailand stuffed in 8 40-footer container vans at the Manila International Container Port (MICP), according to the Philippines' GMA TV News.
The shipments, which were declared as "school and office supplies and children's toys" came from eight different shippers, arrived on different dates, but consigned to the same importer Real Top Enterprises.
June 11, 2015
Danessa Rivera (The Philippine Star)| http://goo.gl/4qOMbt
MANILA, Philippines - The International Monetary Fund (IMF) is backing the proposal to impose additional tax on sweetened beverages and raising excise tax on fuel which could result in higher government revenues to support the Philippines’ bid for inclusive growth.
June 9, 2015
Sugaronline | http://goo.gl/kUzs8U
The Sugar Regulatory Administration has issued two orders to bolster domestic sugar supply, the agency said in a press statement, according to the Philippines' Visayan Daily Star newspaper.
Sugar Order 1-B provides for 100% "B" allocation for the remainder of the crop year. Under this order, sugar production starting week-ending May 31, until the end of the crop year are all classified as "B" or domestic sugar, a government press release said.
June 9, 2015
Sugaronline | http://goo.gl/XJPzTy
The 46 megawatts Universal Robina Corp. biomass power plant at the URC-Southern Negros Development Corp. compound in Kabankalan City is operational and was inaugurated yesterday, Kabankalan Mayor Isidro Zayco said, according to the Philippines' Visayan Daily Star newspaper.
The URC plant, that is fired by bagasse, will sell the power it produces to the Visayas grid, Zayco said.
June 2, 2015
Sugaronline | http://goo.gl/DWp6XR
Senators Grace Poe and Chiz Ecudero yesterday held a consultation with Negros Occidental officials to ensure that the Sugarcane Industry Development Act is implemented properly, including its PHP2 billion to be annually allocated to strengthen the competitiveness and diversification efforts of the industry, according to the Philippines' Visayan Daily Star newspaper.
June 2, 2015
Louine Hope Conserva (Business World) | http://goo.gl/P0g2MZ
June 2, 2015
Sugaronline | http://goo.gl/2lDqpG
The Philippines said on Tuesday it was scrapping export plans in favour of allocating to the domestic market all its sugar output, beginning from the last week of May and over the next three months, as it seeks to rein in rising local prices, according to Reuters.
June 1, 2015
Amando Doronila (Philippine Daily Inquirer )| http://goo.gl/O9wulX
The sugar bloc, once the most powerful economic and political lobby group in the country, is staging a revival in the wake of the push for the candidacy of Interior Secretary Mar Roxas as successor to President Aquino.
June 1, 2015
Sugaronline | http://goo.gl/ZcOV6h
At least 25 to 30 40-footer container vans of refined sugar were successfully smuggled out of the Mindanao Container Terminal in Tagoloan, Misamis Oriental, last week before authorities seized over a dozen others, says Customs Deputy Commissioner Jessie Dellosa, according to the Philippines' Enquirer newspaper.
Dellosa made the statement on Friday while inspecting the 16 40-footer container vans of refined sugar, which were seized on May 24 at MCT.