Wednesday, March 11

Business

SRA was waiting for official release of sugar order, too – Azcona

SRA was waiting for official release of sugar order, too – Azcona

Business, Top Stories
To set the record straight, the Sugar Regulatory Administration was also waiting for the official release of the sugar order that covers the export of 100,000 metric tons of sugar to the United States, SRA Administrator Pablo Luis Azcona on Thursday, Jan. 15. Azcona was responding to criticisms from the National Congress of Unions in the Sugar Industry of the Philippines-Trade Union Congress of the Philippines (NACUSIP-TUCP) that there was lack of transparency in the absence of a published sugar order. NACUSIP-TUCP has been working with the sugar industry for decades and knows full well that official publication of any sugar order goes through a process from the time the Sugar Board approves the order which is then forwarded to the University of the Philippines for recording before its off...
GLoan makes borrowing worry-free with free health and loan insurance, giving borrowers extra protection

GLoan makes borrowing worry-free with free health and loan insurance, giving borrowers extra protection

Business
 Fuse Financing Inc. (Fuse), the lending arm of GCash, is now giving free insurance coverage to GLoan borrowers with GLoan Protect. Available for a limited time, this newest feature  provides borrowers with free loan and health insurance for every GLoan disbursement worth a minimum of P500, underwritten by Oona Insurance Corporation. This free insurance will waive pending loan balance in case of sudden customer demise or accident-related permanent disability, and provide resources to recover from medical emergencies.GLoan now comes with free health and loan insurance underwritten by Oona Insurance Corporation. (L-R) Winsely Bangit, Group Head of New Businesses, Mynt; Abhisek Bhatia, Founder and CEO, Oona Insurance Corporation; Tony Isidro, President and CEO...
NFSP reiterates opposition to export-import program

NFSP reiterates opposition to export-import program

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The National Federation of Sugarcane Planters (NFSP) on Wednesday, Jan. 14, reiterated its opposition to any measure, under whatever pretext, that will ultimately allow additional imported sugar into the country, whether this year or in 2027.“The NFSP is hopeful that this measure by the Department of Agriculture – Sugar Regulatory Administration to export 100,000 metric tons of sugar under the US Quota will bring relief to sugar farmers, in terms of improved millgate prices,” NFSP president Enrique D. Rojas said in a press statement.However, NFSP opposes any colatilla that will allow sugar importation in exchange for whatever sugar exported to the US under this program, he said.Under its agreement with the World Trade Organization, the United States grants preferential low tari...
Distrito: Bacolod SP moving to  require prior consultation for nat’l infra projects

Distrito: Bacolod SP moving to require prior consultation for nat’l infra projects

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The Sangguniang Panlungsod of Bacolod City has unanimously approved on second reading a landmark ordinance requiring prior consultation, coordination, and local clearance before any national government infrastructure project can begin in the city.Authored by Councilor Caesar Z. Distrito and co-authored by Councilors Em Legaspi Ang, Celia Matea R. Flor, Dindo C. Ramos, Lady Gles Gonzales-Pallen, and Pao Sy, the proposed ordinance is titled the “National Infrastructure Projects Prior LGU Consultation and Transparency Ordinance of Bacolod City.”The ordinance mandates that national agencies, government-owned and controlled corporations (GOCCs), and project proponents must first conduct formal consultation meetings with the Office of the City Mayor, the Sangguniang Panlungsod, and affec...
DA okays 100,000-MT sugar export, industry leaders call for transparency

DA okays 100,000-MT sugar export, industry leaders call for transparency

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The export plan comes as the DA and SRA extended the moratorium on sugar imports until December this year.*Ronnie Baldonado photoThe Department of Agriculture has approved the Sugar Regulatory Administration’s plan to export 100,000 metric tons of raw sugar to the United States to reduce domestic raw sugar supply and help lift sagging farmgate prices. While the measure aims to drain excess domestic supply, industry leaders on Tuesday, Jan. 13, called for transparency and warned that the program must not be used as a "backdoor" for automatic import replenishment. Agriculture Secretary Francisco P. Tiu Laurel Jr. in a DA press statement said: “We will export raw sugar under the US quota system as soon as possible to provide the industry immediate relief.” The export plan comes as the DA a...
Megaworld sets P8B to develop 97-ha ‘The Sugartown’ in Talisay

Megaworld sets P8B to develop 97-ha ‘The Sugartown’ in Talisay

Business
Property giant Megaworld is developing the 97-hectare ‘The Sugartown’ along the Bacolod-Silay Airport Road in Talisay City, Negros Occidental.The company is allocating P8-billion to develop the township in the next 7-10 years. This will be the company’s 37th township development and its third in the province of Negros  Occidental, following the launch of the 53-hectare Northill Gateway at the boundary of Bacolod City and Talisay City, and the 34-hectare The Upper East in the eastern part of Bacolod City, a press release from the firm said.The Sugartown will host premium residential developments by both Megaworld and its wholly owned subsidiary Suntrust Properties, Inc., commercial and retail developments, and will be highlighted by its own town center, commercial dist...
No sugar import liberalization – SRA

No sugar import liberalization – SRA

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ugar Regulatory Administrator Pablo Luis Azcona *“It’s a blatant lie.”This was the reaction of Sugar Regulatory Administrator Pablo Luis Azcona on Sunday, Jan.11, to the statement issued by Wennie Sancho of the Save the Sugar Industry Movement (SAVE-SIM) who claimed the sugar industry may collapse if government implements the sugar import liberalization scheme policy.Azcona, in a press release, said he does not know where Sancho is getting his information or misinformation from or “probably just a figment of his imagination.”However, he cautioned Sancho and others to be more accurate with his/their statements as “others might construe it as true and these types of claims can agitate an already volatile market.”“We, in SRA, have been prudent in our pronouncements as the...
PanayFed, TUCP join call for PBBM to intervene as sugar prices plummet

PanayFed, TUCP join call for PBBM to intervene as sugar prices plummet

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The Panay Federation of Sugarcane Farmers Inc. (PanayFed) and the Trade Union Congress of the Philippines (TUCP) on Sunday, Jan. 11, joined the call for President Ferdinand Marcos Jr. to urgently heed the proposed solutions to address the sugar crisis.They cited the proposed solutions put forward by the Confederation of Sugar Producers Association Inc. (CONFED) and supported by key industry stakeholders, including the National Federation of Sugarcane Planters (NFSP) and the National Congress of Unions in the Sugar Industry of the Philippines-TUCP, “to decisively address the deepening crisis in the sugar industry.”BRINK OF COLLAPSE“Mr. President, our sugar industry is collapsing as price, yield, and demand for domestic sugar continues to drop, leaving millers, farmers, planters,...
Negros ACE head hopes Congress sets sugar importation policy to protect industry

Negros ACE head hopes Congress sets sugar importation policy to protect industry

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Cadiz Mayor Salvador Escalante*The president of the Negros Association of Chief Executives (Negros ACE) said he welcomes the holding of a joint Senate-House of Representatives public consultation on the sugar industry in Negros Occidental on January 23. The consultation will hopefully set the parameters for sugar importation to protect the industry, Cadiz Mayor Salvador Escalante, Negros ACE president, said on Friday, Jan. 9. It is important for policy to be set to prevent over-importation, he said. Parameters for sugar importation should be institutionalized, Escalante added. The Negros ACE has raised its concern to President Ferdinand Marcos Jr., through the Department of Agriculture, over the current drop in sugar millgate prices at the expense of the farmers, while retail prices rem...
I serve at PBBM’s pleasure, Angara says on Cabinet revamp rumors

I serve at PBBM’s pleasure, Angara says on Cabinet revamp rumors

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Education Secretary Sonny Angara during an ambush interview on Friday .*PNA/Stephanie Sevillano photo Education Secretary Sonny Angara on Friday, Jan. 9, said he will continue to serve in the Department of Education (DepEd) “at the pleasure” of President Ferdinand R. Marcos Jr. amid the rumored revamp of the chief executive’s Cabinet. In an ambush interview, Angara expressed gratitude to the Palace for clarifying the matter. “Hopefully, hindi tayo kasama doon kung meron man (We hope that we’re not included in that if there’s any),” he said. “Of course, we serve at the pleasure of the President." While he has not personally discussed the matter with President Marcos, Angara disclosed that the Office of Executive Secretary told him there is no such plan. The Palace has...
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