By the staff
The group of businessman Manuel V. Pangilinan was seen in a huddle with folks from the Ty-led Metrobank group at the Meralco office in Ortigas sometime last week. It’s no longer a secret, of course, that MVP’s group is interested in the country’s largest sugar firm Victorias Milling Corp. and may soon gain a foothold beginning with the small but significant stake held by the Metrobank group.
By Doris C. Dumlao
The group of businessman Manuel V. Pangilinan is keen on scaling up its interest in the local sugar industry by seeking a foothold in the country’s biggest sugar firm, Victorias Milling Corp.
Roxas Holdings Inc. said its profit for the quarter ending December 2013 soared by 163 percent year-on-year to P90 million on the back of higher sugar sales and the turnaround of its bioethanol business.
By Tina G. Santos
Labor Secretary Rosalinda Baldoz has urged all sugar industry stakeholders to work together in finding solutions to mitigate the negative impact likely to be felt when tariff on imported sugar is reduced to five percent by 2015 from 18 percent in 2013 under the Asean Free Trade Agreement (AFTA).
By Ronnel W. Domingo
Domestic prices of sugar remain “relatively stable” so far this year despite a reported decline due to downward pressure from free trade agreements, according to the Sugar Regulatory Administration.