Local news

May 29, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/hZuUjT

Sugar leaders welcomed yesterday the issuance by the Bureau of Internal Revenue of Revenue Regulations No. 8-2015, finally amending its definition of raw cane sugar to be exempted from advance Value Added Tax, to include what the industry calls raw sugar.

RR 8-2015, signed by Finance Secretary Cesar Purisima, on recommendation of BIR Commissioner Kim Jacinto Henares, on May 22 amends the definition of raw cane sugar under RR 6-2015.

May 29, 2015
BusinessWorld by Mikhail Franz E. Flores | http://goo.gl/izbrTy
Sugaronline | http://goo.gl/Jzqa4F

DISPUTES concerning the tax treatment of sugar products have been settled, with the Bureau of Internal Revenue (BIR) adopting an exemption regime that the sugar industry finds acceptable.

May 22, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/eNiDmt

The Sugar Regulatory Administration is holding additional consultations on the implementing rules and regulations of the Sugarcane Industry Development Act of 2015 , SRA administrator Ma. Regina Martin said yesterday.

A consultation will be held in Bais City, Negros Oriental, on Monday, and in Iloilo City on Thursday, she said.

May 20, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/MlzSb9

Negros Occidental Gov. Alfredo Marañon Jr. aired his opposition to the imposition of advance Value Added Tax on raw sugar that, he said, will have dire consequences, especially on small farmers.

The governor spoke at a hearing of the House Committee on Ways and Means on House Bill 5713, authored by Rep. Jeffrey Ferrer (Neg. Occ., 4 th District) at the House of Representatives in Quezon City yesterday afternoon.

May 20, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/Zq2x93

A sugar industry leader yesterday aired alarm over the renewed smuggling of sugar into the country at a hearing by the Senate Committee on Agriculture and Food yesterday.

May 19, 2015
http://goo.gl/TOIsjF

The Sugar Regulatory Administration (SRA) continues to question the imposition of advance value added tax (VAT) on raw sugar even as the clarification issued by the Bureau of Internal Revenue (BIR) on sugar tax treatment would be implemented this month, according to The Philippine Star.

May 19, 2015
http://goo.gl/8dZv3X

Roxas Pacific Bioenergy Corporation, The Philippines' largest bioethanol producer, plans to raise its production capacity by 21% by September via plant debottlenecking and by making improvements to its fermentation processes to raise overall efficiency levels, a company source said Tuesday, according to Platts.

Roxas’ bioethanol plant at Negros Occidental, operated by subsidiary Roxol Bioenergy, has a capacity of 36 million litres/year, which it plans to raise to 40 million.

May 19, 2015
http://goo.gl/JnUXdl

An 8.8-megawatt (MW) facility using GE’s gas engines will use organic waste from sugar cane and molasses from a nearby alcohol distillery to power 22,000 homes in the Philippines, according to Waste Management World.

Aboitiz Power subsidiary’s Aseagas Corporation, which focuses on renewable energy solutions, has inked an agreement with GE’s Distributed Power business to power its first waste to energy project in Lian in the Province of Batangas, Philippines.

May 18, 2015
http://goo.gl/6TGRlC

Senator Sergio Osmeña III and Rep. Jeffrey Ferrer (Neg. Occ., 4 th District) have filed bills stressing that raw cane sugar and raw sugar are one and the same and should be exempted from Value Added Tax, contrary to revenue regulations issued by the Bureau of Internal Revenue.

May 11, 2015
Visayan Daily Star by Carla P. Gomez | http://goo.gl/TgOwz3

The owners of San Carlos Bioenergy Inc. in San Carlos City, Negros Occidental, have sold 93.68 percent of the firm to Roxas Pacific Bioenergy Corp., a subsidiary of sugar group Roxas Holdings Inc., in a move towards shifting into other ventures.