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Manila Bulletin devider Philippines devider National devider New law needed to revive PHILSUCOR -- Sec Remulla

New law needed to revive PHILSUCOR -- Sec Remulla

Published Jan 7, 2024 02:32 am

A new law is needed to revive the Philippine Sugar Corporation (PHILSUCOR) that was abolished in 2018 after 35 years from its creation in 1983 by the late former President Ferdinand E. Marcos.

In a legal opinion issued last Jan. 3 on request by Presidential Management Staff Senior Undersecretary Elaine T. Masukat, Justice Decretary Jesus Crispin C. Remulla advised that “a legislation needs to be passed by Congress to revive the abolished PHILSUCOR.”

“PHILSUCOR is a chartered GOCC (government-owned and controlled corporation), having been created pursuant to P.D. (Presidential Decree) No. 1890, and taking into account the provisions of R.A. (Republic Act) No. 10149 (GOCC Governance Act of 2011), in relation to GCG (Governance Commission for GOCC) Memorandum Circular No. 2015-03, it can be abolished by executive order but not revived in the same manner,” Remulla explained.

Undersecretary Masukat sought the legal opinion after President Marcos Jr. instructed the Department of Agriculture (DA), Department of Budget and Management (DBM), Department of Finance (DOF), GCG, and the Sugar Regulatory Commission (SRA) “to study the viability of reviving and operating the PHILSUCOR to provide sugar farmers access to funding support.”

Remulla said “the reasons for the PHILSUCOR's abolition be considered, as well as the provisions of the SIDA  (Sugar Industry Development Act under RA 10659), in order to better address the concerns of the stakeholders of the sugar industry.”

“It may be recalled that the PHILSUCOR  was created under Presidential Decree (P.D.) No. 18902, s. 1983, by then President Ferdinand E. Marcos, to, among others, provide financing in the acquisition, rehabilitation and/or expansion of sugar mills, refineries and other related facilities used in the manufacture, packing, storage, distribution, and shipment of sugar and its by-products and derivatives,” the secretary noted.

 SIDA was signed into law on March 27, 2015.  It gave “the SRA the authority to, among others, extend financial assistance through socialized credit to sugarcane stakeholders.”

“Subsequently, the GCG, pursuant to Section 5(a)4 of R.A. No. 10149, recommended the abolition of the PHILSUCOR on the following grounds: (a) PHILSUCOR’s functions or purposes duplicate or unnecessarily overlap with the functions, programs, activities or projects of the SRA and government financial institutions; and (b) PHILSUCOR is no longer effectively performing the objectives and purposes for which it was originally created,” Remulla recounted.

Afterwards, Remulla said “Memorandum Order No. 30 was issued by the President on 25 October 2018 abolishing the PHILSUCOR.”

“It would appear, however, that despite the lapse of five years from the issuance of Memorandum Order No. 30, the complete liquidation of the affairs and the closing of the books of accounts of the PHILSUCOR have not yet been carried out,” he noted.

 

 

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