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MANILA - Small retailers are welcome to join the country's leading supermarkets in bringing down the price of sugar to PHP70 per kilo, the Department of Trade and Industry (DTI) said Thursday. This, after Trade Undersecretary Ruth Castelo bared that a number of small supermarket owners signified their intent to lower the price of white refined sugar. "They are most welcome to join us kung kaya nila na makapagbenta rin ng PHP70 per kilo na white refined sugar (if they can also sell white refined sugar at PHP70 per kilo)," Castelo said during the Laging Handa program. The owners of Robinsons Supermarket, SM Supermarket, and Puregold Price Club earlier heeded President Ferdinand "Bongbong" Marcos Jr.'s call to offer cheaper sugar to their consumers, amid the sudden spike in the prices of the commodity in the market. No deal was forged between the government and the major supermarket owners, as they only heeded Marcos' appeal to lower the sugar prices. Caste ....
(Photo courtesy of BOC) MANILA - Bureau of Customs (BOC) agents in Northern Mindanao found around 466,142 sacks of raw sugar during surprise visits to several warehouses in Cagayan de Oro City on Tuesday. Acting on orders from the Office of the President (OP), operatives from the Bureau, armed with a Letter of Authority (Reference No. 08-22-165-2022) and a Mission Order (No. 08-22-2022-536), conducted the examination in three warehouses of Crystal Sugar Milling located at North Poblacion in Cagayan de Oro City where they discovered the thousands of sacks of raw sugar. In a statement Wednesday, the bureau said the operation was initiated based on intelligence reports that the owners are allegedly engaged in the hoarding of stocks of sugar. Initial investigation by the Customs Intelligence and Investigation Service (CIIS) indicated that of the total inventoried sugar, some 264,000 sacks were said to have been already sold to traders but the stocks have not yet been withdrawn from the war ....
MANILA - President Ferdinand Marcos Jr. has earned praises from several lawmakers for his efforts to bring down sugar prices. This was after Robinsons Supermaket, SM Supermarket, and Puregold Price Club heeded Marcos' call to offer sugar to their consumers at a lower cost. Executive Secretary Victor Rodriguez' series of talks with owners of the country's leading supermarkets resulted in the agreement to reduce sugar prices to PHP70 per kg. Reacting to the latest development, San Jose del Monte City Lone District Rep. Florida Robes said on Saturday that the consumers and farmers are "winning." She noted that Marcos' initiatives to address concerns over the sugar supply in the country prove that smugglers and hoarders would never succeed. "The series of determined moves that the President initiated to address an impending sugar crisis turned the tables against agricultural smugglers and food hoarders," said Robes, who chairs the House of Representative ....
(PNA file photo by Nanette L. Guadalquiver) MANILA - Business tycoons who dominate the supermarket business in the country have heeded the call of Filipino consumers to make available cheap-priced sugar in their groceries and stores amid the sudden spike in sugar prices in the market. On orders from President Ferdinand "Bongbong" Marcos Jr., Executive Secretary Victor Rodriguez facilitated the series of talks with owners of Robinsons Supermarket, SM Supermarket, Puregold Supermarket, and S&R Membership Shopping and they all agreed to the suggested retail price of Php70 per kilo of sugar, from a high of PHP90 to PHP110 per kilo. "The President lauded the selfless response from these businessmen who are sacrificing not just their own inventory but also their projected business profits for the sake of the ordinary Filipinos at this time when the country is besieged by many problems," Rodriguez said. "This is a classic display of the indomitable Filipino spirit ....