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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 »

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