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Biz Buzz: Sugar showdown

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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.

Posted: April 7th, 2014 in Headlines | Read More »

MVP camp seen buying into Victorias Milling

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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.

Posted: April 3rd, 2014 in Headlines | Read More »

RHI profit up by 163%

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.

Posted: February 16th, 2014 in Headlines | Read More »

Sugar industry told to prepare for negative impact of tariff reduction under AFTA

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Labor Secretary Rosalinda Baldoz: Pay before Dec. 24. INQUIRER FILE PHOTO

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).

Posted: August 27th, 2013 in Latest Business Stories | Read More »

SRA: Sugar prices remain stable

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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.

Posted: June 6th, 2013 in Headlines | Read More »

Roxas Holdings nets P205M in 6 months

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Roxas-Holdings-Inc

Sugar producer Roxas Holdings Inc. grew its net profit in the six-month period ending March by 36 percent year-on-year to P205 million on better gross profit margin, lower operating expenses and lower debt burden.

Posted: May 6th, 2013 in Latest Business Stories | Read More »

PH seeking new export markets for sugar, bananas

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Cavendish bananas from Mindanao. INQUIRER FILE PHOTO

The Philippines is seeking new markets for sugar and bananas to boost agro-based exports, the National Economic and Development Authority (Neda) said.

Posted: April 23rd, 2013 in Latest Business Stories | Read More »

Filinvest floats $300M in 7-year offshore bonds

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filinvest

The Gotianun-led conglomerate Filivest Development Corp. has debuted in the offshore bond market with a warmly received $300-million bond deal that marked a new low in terms of borrowing cost for a Philippine corporate issuer for this tenor.

Posted: March 22nd, 2013 in Latest Business Stories | Read More »

Sugar firm RHI seeks strategic partner

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Roxas Holdings Inc., one of the country’s largest sugar producers, seeks to close within this year a buy-in deal with a strategic investor who may acquire up to 20 percent of the sugar firm.

Posted: February 22nd, 2013 in Headlines | Read More »

Victorias Milling plans diversification

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victoria-milling

Sugar firm Victorias Milling Corp. plans to diversify into allied businesses to strengthen operations ahead of a low-tariff regime under the Asean Free Trade Area (Afta) by 2015.

Posted: February 11th, 2013 in Latest Business Stories | Read More »

Philippine sugar output may exceed target

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Certain industries in the agriculture sector, including the sugar industry, remain unprepared and are threatened by the upcoming establishment of the Asean Economic Community, which will see the reduction of tariffs across goods, according to Trade Secretary Gregory L. Domingo.  INQUIRER NORTHERN LUZON FILE PHOTO

The country’s sugar production is set to exceed expectations as total output has already hit 50 percent of the full-year target, the Sugar Regulatory Administration (SRA) said Monday.

Posted: January 31st, 2013 in Latest Business Stories | Read More »

Sugar sector seeks help

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A group of sugar planters is seeking the government’s help in cushioning the impact of the tariff cuts on imported sugar on the local industry.

Posted: January 23rd, 2013 in Editor's Pick,Headlines | Read More »

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