MANILA - The Sugar Regulatory Administration (SRA) will undergo a reorganization this week following the signing of an "unauthorized' resolution to import 300,000 metric tons (MT) of sugar, President Ferdinand "Bongbong" Marcos announced Wednesday. "We are going to reorganize the SRA and as soon as that's done - that should be done this week, before the end of this week," he said in an interview with reporters during the Pinaslakas Vaccination event at SM City Manila. Last week, Malacanang described as "illegal" the resolution to import 300,000 MT of sugar because it was rejected by the President. The unauthorized signing of the order on behalf of Marcos is currently under investigation in Congress. "Ipinaubaya namin ang imbestigasyon sa House, sa legislature and even the Senate. Dahil ang iniintindi ko lang talaga is that hindi tayo tumagal na mayroon tayong shortage ng sugar, lalong-lalo na para sa mga industrial consumer (We are leavin
(Contributed photo) MANILA - President Ferdinand Marcos Jr. has acknowledged that there may be a need to import sugar to stabilize domestic prices of the commodity but noted that the Philippines may only need 150,000 metric tons (MT), half of the 300,000 MT earlier proposed by the Sugar Regulatory Administration (SRA). In his weekly vlog uploaded on Sunday night, Marcos said the government may import up to 150,000 MT of sugar if the supply is depleted by October. "Maari bandang Oktubre, baka 'yung supply na nandito sa Pilipinas ay pa-ubos na. Baka sakali ay kailangan natin mag-import pero kakaunti lang. Hindi kasing dami ng kanilang sinasabi dati na 300,000 [metric] tons. Eh siguro malaki na 'yung 150,000[metric] tons para sa buong taon na ito (There is a possibility that by October, our supply in the Philippines will be depleted. We might need to import, but only a few, not as much as the[metric] 300,000 tons they said before. Perhaps 150,000[metric] tons would be good fo