News

Philippines to import extra 150,000 tons of sugar to tackle inflation

Reuters
Posted at Oct 02 04:45 PM

The Philippines said it would allow traders to import an additional 150,000 tons of raw or refined sugar before the end of the year to bring down local prices, as it battles an inflation rate running at the highest in over nine years. Read more »

Villar chides SRA for 'disastrous performance'

Mike Navallo, ABS-CBN News
Posted at Sep 25 05:58 AM

MANILA - Senator Cynthia Villar on Monday chided the Sugar Regulation Authority (SRA) for low spending and failing to implement some projects, as the agency faced a steep cut in its proposed budget.   Read more »

Inflation to moderate in coming months: Dominguez

ABS-CBN News
Updated as of Sep 07 03:55 PM

Dominguez said the Cabinet economic cluster, together with the concerned agencies, will continuously meet to address inflation woes.    Read more »

Nestle says 'here to stay' after Nikkei reports shutdown an 'option'

ABS-CBN News
Updated as of Sep 07 12:59 PM

The Nikkei report said the multinational food company was reeling from a government ban against the use of imported sugar in locally manufactured drinks. Read more »

Is sugar a foe or a friend?

Dr. Rodolfo Florentino
Posted at Sep 06 11:22 AM

Sugar, especially sugar added to food, has lately acquired a bad name because of its purported association with diabetes, heart disease, obesity and other non-communicable diseases. Read more »

SRA to adjust rules to lower sugar price

Vivienne Gulla, ABS-CBN News
Posted at Aug 29 01:56 AM

The Sugar Regulatory Administration (SRA) will adjust its rules to help lower the price of sugar to P50 per kilo from the current P60 to P65 per kilo, Trade Secretary Ramon Lopez said Tuesday.   Read more »

Anti-trust body says reviewing URC acquisition of Batangas sugar mill

ABS-CBN News
Posted at Aug 27 07:10 PM

The Philippines' antitrust watchdog said on Monday that it is still studying Universal Robina Corp's planned acquisition of a sugar milling company located in Batangas.  Read more »

Universal Robina to acquire Roxas Holdings' sugar mill

ABS-CBN News
Posted at Aug 23 03:18 PM

Universal Robina Corporation is buying the Batangas sugar mill of Roxas Holdings Inc, the Gokongwei food company disclosed to the stock exchange Thursday.  Read more »

Mga 'smuggler' ng asukal, kinasuhan ng Customs

ABS-CBN News
Posted at Aug 23 01:30 AM

Kinasuhan na ng Bureau of Customs ang nahuling importer na nagtangka umanong magpuslit ng 5,000 sakong asukal sa bansa noong isang linggo. Read more »

Coast Guard nabs 1,700 sacks of smuggled sugar off Basilan

Leizel Lacastesantos, ABS-CBN News
Posted at Aug 20 09:20 PM

The Philippine Coast Guard on Sunday seized 1,700 sacks of smuggled sugar from a boat off the coast of Pilas Island in Basilan. Read more »

Authorities find 5,000 sacks of smuggled sugar in boat adrift in Tawi-Tawi

Leizle Lacastesantos, ABS-CBN News
Updated as of Aug 18 05:10 PM

About P10 million worth of smuggled sugar was found in a boat drifting in Tawi-Tawi, the Bureau of Customs (BOC) said Saturday. Read more »

P15M worth of smuggled sugar seized at Manila Port

ABS-CBN News
Posted at Aug 16 05:50 PM

MANILA - An estimated P15 million worth of smuggled sugar was seized at the Manila International Container Terminal, the Bureau of Customs (BOC) said Thursday.   Read more »

Halos P40-M halaga ng smuggled na asukal, nasabat sa Manila port

ABS-CBN News
Posted at Aug 10 03:10 AM

Halos P40 milyong halaga ng smuggled na asukal ang nasabat ng Bureau of Customs sa Port of Manila. Read more »

P39-M worth of smuggled sugar seized at Manila port

Mike Navallo, ABS-CBN News
Posted at Aug 09 06:43 PM

The Bureau of Customs on Thursday confiscated P39.37 million worth of smuggled sugar that was abandoned at the Port of Manila. Read more »

Higher bread prices loom amid excise taxes

ABS-CBN News
Posted at Aug 02 12:43 AM

Bread prices may head higher soon amid the increasing prices of sugar and fuel - partly brought about by excise taxes introduced by the tax reform program. Read more »

Turon sells 42 million to claim 'superstar' snack status

Jessica Fenol, ABS-CBN News
Updated as of Jul 26 05:28 PM

The turon or banana fritter is the "superstar" of Filipino desserts, an enduring presence in hawker stands, office cafeterias and in groceries. The country's largest mall operator, SM, said that in 2016 alone it sold 24 million turon pieces.   Read more »

Food items to carry sugar labels soon

ABS-CBN News
Updated as of Jul 13 08:52 AM

Government is now studying options on how to clearly indicate sugar quantity on various food products, including the staple - rice.  Read more »

'Sugar label' sa mga pagkain, pasisimplehin

ABS-CBN News
Posted at Jul 12 09:53 PM

Maglalagay na ng mas maiintindihang paalala sa mga produktong may mataas na sugar content. Read more »

'Presyo ng commercial rice, asukal, inaasahang bababa'

ABS-CBN News
Posted at Jul 12 08:55 PM

Inaasahang pabababain ang presyo ng asukal at bigas ng mga import. Ang problema, naiipit pa umano sa port ang ilang bigas at kararating lang ng barko na may dalang mga imported na asukal.  Read more »

Philippines may import sugar, impose suggested retail price

ABS-CBN News
Posted at Jul 11 12:21 PM

Of the total sugar imports from Thailand, 100,000 metric tons will go to factories, 50,000 to confectioneries and 50,000 metric tons to public markets and groceries. Read more »