Local news

March 23, 2015
Visayan Daily Star by Rene Genove | http://goo.gl/lNoLzE

DAR-Negros Oriental will distribute  eight sets of  farm facilities to identified agrarian reform beneficiaries’ organizations, or ARBOs, in Negros Oriental when the required  documents are ready.

Provincial Agrarian Reform Program Officer II, Louie Naranjo, said the farm facilities composed of nine  four-wheel drive tractor, trailing harrow, disc plow, and trailer, cost P35,892,000.

March 23, 2015
Visayan Daily Star by Carla Gomez | http://goo.gl/FdoLCa
 

Rep. Alfredo Abelardo Benitez (Neg. Occ., 3rd District) said yesterday that he is seeking a House inquiry into tax impositions on raw sugar by the Bureau of Internal Revenue.

Senate President Franklin Drilon also told the DAILY STAR he is seeking a review of the legal basis of the applicability of the 12 percent Value Added Tax on raw sugar.

March 21, 2015
Visayan Daily Star by Carla Gomez | http://goo.gl/zCmkML
 

Sugar Regulatory Administrator Ma. Regina  Martin said yesterday that  a request to delay  the imposition of its recently reimposed   12 percent advance Value-Added Tax on raw and refined sugar until next crop year, is being made at the Bureau of Internal Revenue. 

March 20, 2015
Visayan Daily Star by Modesto Saonoy | http://goo.gl/4ARQpt

The conflict between the Bureau of Internal Revenue and the sugar producers – millers and planters – is getting serious as the BIR presses hard on the producers on the value added tax on sugar. The problem that arose from the advance withholding tax has deteriorated so that the BIR, through the Department of Finance, has a new definition of what raw sugar means.

March 19, 2015
Philippine Daily Inquirer by Ronnel Domingo | http://goo.gl/cT9cYp
 

MANILA,  Philippines–Domestic production of raw sugar is expected to fall short of the 2.5 million-ton goal for the current crop year that ends in July, prompting regulators to scrap export allocations for countries other than the United States.

According to Regina Martin, administrator of the Sugar Regulatory Administration (SRA), raw sugar output for 2014-2015 is expected to be about 35,000 tons less than the target.

March 19, 2015
The Philippine Star by Richmond Mercurio | http://goo.gl/fldWUM

MANILA, Philippines - A subsidiary of sugar group Roxas Holdings Inc. (RHI) has acquired a significant stake in the country’s second largest ethanol company for P420 million.

In a disclosure to the local bourse, RHI said Roxas Pacific Bioenergy Corp. had purchased on 26.7 percent stake in San Carlos Bioenergy Inc. (SCBI) from the Zabaleta Group.

March 18, 2015
Manila Standard Times by Alena Flores | goo.gl/adHB6F

Roxas Pacific Bioenergy Corp., a subsidiary of Roxas Holdings Inc., has acquired a 26.7-percent stake in San Carlos Bioenergy Inc. for  P420.525 million.

Roxas Holdings disclosed to the Philippine Stock Exchange it signed Wednesday an agreement with Bronzeoak Philippines Inc. to acquire  the latter’s 26.70 percent shareholdings in SCBI.

San Carlos is a bioethanol company located in San Carlos City, Negros Occidental.

March 18, 2015
Manila Bulletin by Madelaine Miraflor | http://goo.gl/OX68if

The Sugar Regulatory Administration (SRA) has scrapped the sugar allocation for world market exports and would instead allocate all the supply to the domestic market since the output forecast did not meet the target.

In an order, SRA has allowed the reallocation of “D sugar” or world market sugar to “B sugar” or domestic market sugar, which covers sugar production of week ending March 15, 2015 and subsequent week endings of crop year 2014-2015.

March 18, 2015
Sun Star by Teresa Ellera | http://goo.gl/vvdwhW

NEGROS Occidental Governor Alfredo Marañon Jr. advised sugar planters to bring their tax issues before the Supreme Court.

The governor's call came after the Bureau of Internal Revenue (BIR) issued a directive imposing an advance Value Added Tax on raw and refined sugar beginning April 1.

March 18, 2015
Daily Star | http://goo.gl/POvTms

Sugarcane industry leaders and stakeholders showed a unified stand in furthering the improvement and growth of the sugarcane industry, particularly in Negros Occidental, Administrator Ma. Regina Martin of the Sugar Regulatory Administration said in a press release yesterday.

Martin made the statement during the recent visit to the province of Undersecretary Michael Scuse of the United States Department of Agriculture.