The Sugar Regulatory Administration (SRA) is set to release the allocation of the country’s sugar output for the next crop year, but a group of sugar producers wants to make sure that 100 percent of production stays in the country for domestic consumption. SRA logo In a statement, the United...
The Sugar Regulatory Administration (SRA) is optimistic that as much as 85,547 metric tons (MT) of refined sugar that it allowed traders and importers to bring into the Philippines through its latest importation program will arrive in the country by October. “We expect that the 85,547 MT will be...
The United Sugar Producers Federation (UNIFED) is opposing the proposed molasses importation of the Ethanol Producers Association of the Philippines’ (EPAP). In a statement, UNIFED President Manuel Lamata said this proposal by EPAP was already thumbed down by members of the Bioethanol...
Amid the shortfall in the country's sugar production, the Philippine government has allowed the importation of the sweetener until October of this year, with Sugar Regulatory Administration (SRA) expecting the entry of nearly 86,000 metric tons (MT) of additional imported sugar. As this happened,...
The Department of Finance (DOF) has flagged a possible sugar smuggling scheme employed by unscrupulous traders taking advantage of the Sugar Regulatory Administration’s (SRA) export replenishment program. In a statement on Monday, July 12, Finance Secretary Carlos G. Dominguez III said he has...
The country's sugar output for the current crop year has already surpassed the government's revised target. The problem is that the quality of the portion of the production has been compromised due to heavy rains. In a text exchange, Sugar Regulatory Administration (SRA) Administrator Hermenegildo...
Liberalization will help address the competition concerns hounding the Philippines’ sugar industry, which is keeping the prices of the sweetener high. In a forum organized by Philippine Competition Commission (PCC), Roehlano Briones, a senior research fellow at the Philippine Institute for...
Despite the recent decision of the Sugar Regulatory Administration (SRA) to temporarily halt the shipment of local sugar output to the United States, Senator Juan Miguel Zubiri still proceeded to tell the agency to make sure the country will have enough supply of the sweetener for this year....
The Philippines will no longer export sugar to the United States (US) during the current crop year amid the expected shortfall in local production. On Tuesday (March 30), Sugar Regulatory Administration (SRA) released Sugar Order (SO) 1-A, amending SO 1, which allotted 7 percent of the country’s...
A Board Member of Sugar Regulatory Administration (SRA) backed the call of some local industry players to scrap the export allocation of the country’s sugar production for the current crop year to the United States. This, as groups like Confederation of Sugar Producers Associations, Inc. (CONFED)...
Banks and other Bangko Sentral ng Pilipinas (BSP) supervised financial institutions (BSFIs) such as pawnshops and e-money issuers have “low” to “medium” risk exposures when it comes to money laundering (ML), terrorist financing (TF) and proliferation financing (PF), based on the BSP’s...
The Philippines has been short of sugar production for many years, and it will stay that way for a long time, a top official of a sugar-producing company said. This, according to Central Azucarera de Bais Chairman Steven...
