THE Sugar Regulatory Administration (SRA) said on Tuesday that it is waiting a “go signal” from President Ferdinand R. Marcos, Jr. to formally release a sugar order authorizing the imports of 440,000 metric tons (MT) of refined sugar. “In all the SRA Sugar Board meetings, the President, if he is not available, is represented by […]
Tag: import
Sugar planters call 450,000 MT import plan ‘acceptable’
THE United Sugar Producers Federation (UNIFED) said on Thursday that it supports a government plan to import sugar, with volumes initially estimated at 450,000 metric tons (MT), in light of the imminent establishment of a two-month buffer stock for the commodity. In a statement on Thursday, UNIFED President Manuel R. Lamata said the import plan […]
Conditions imposed on onion importers deemed too restrictive
THE government’s onion import plan is not likely to attract importers because of the “tight window” to apply for an import permit, the United States Department of Agriculture (USDA) said in a report. “The extreme conditions attached to the unscheduled quota all but guarantee that it will not be filled and likely will not come […]
LNG import projects seen facing low utilization if gas prices stay high
THE Philippine strategy of importing gas for its energy needs is at risk from high liquefied natural gas (LNG) prices, which could result in low utilization for the LNG import terminals being constructed, an energy analyst said. “Investors in planned LNG import infrastructure run the risk of low utilization rates and ultimately possible stranded assets, […]
Import permits suspended for galunggong, mackerel
THE Department of Agriculture (DA) said it has suspended the issuance of sanitary and phytosanitary import clearances for round scad (galunggong), mackerel, and various other species, effective immediately. According to a department circular dated Dec. 13, the suspension also applies to the issuance of import documents for bonito, moonfish, pompano, and tuna by-products. The DA […]
Onion import decision imminent as DA assesses supply-demand situation
By Ashley Erika O. Jose THE DEPARTMENT of Agriculture (DA) said it is assessing the state of the onion inventory ahead of a decision to import the commodity, which has seen a spike in prices. “We will decide next week whether we need to import onions and other agricultural produce,” Rex C. Estoperez, DA deputy […]
PLS seals exclusive distributorship with China’s COFCO
KUALA LUMPUR, Nov 15, 2022 – (ACN Newswire via SEAPRWire.com) – PLS Plantations Berhad trading and export subsidiary, Dulai Fruits Enterprise Sdn Bhd cemented their export and exclusive distribution agreement with COFCO Food Import Co. Ltd, the import and distribution subsidiary of China Oil and Foodstuffs Corporation (COFCO) in Shanghai. Back (L-R): Ms Zhengfeng, Mr. […]
Senate grills Rodriguez on approval procedures for sugar import order
EXECUTIVE Secretary Victor D. Rodriguez faced questioning in the Senate over whether a draft sugar import order went up the proper chain of administrative approvals before being issued. Senator Ana Theresia N. Hontiveros-Baraquel noted in her line of questioning that Mr. Rodriguez appears to have been in possession of draft versions of what later became […]
BOC collects P8.35-B from rice import duties in 5 months of 2022
COLLECTIONS from rice import tariffs of the Bureau of Customs (BOC) grew 14 percent to P8.35 billion in the first five months of 2022 from P7.32 billion during the same period last year owing to a 37-percent rise in import volumes.In a report to Finance Secretary Carlos Dominguez III, the BOC said collections from rice […]
BoC collections from pork imports P3.3B under lowered tariffs
THE Bureau of Customs (BoC) said it has collected P3.3 billion in revenue from pork imports after the government cut tariffs on the commodity to stabilize pork prices. Pork import volume was 214 million kilograms between April 7 and Dec. 10, or since President Rodrigo R. Duterte’s orders to lower pork import tariffs took effect, […]
Shell makes first payment on import tax due under protest
PILIPINAS SHELL Petroleum Corp. (PSPC) made a first payment to the Bureau of Customs (BoC) of P1.7 billion under protest to cover disputed alkylate import taxes levied against it, the Department of Finance said. “BoC received P1.7 billion from Shell Phils. Balance due on Jan. 10,” Finance Secretary Carlos G. Dominguez III said in a […]
Fishing association opposes plan to import 60,000 MT
THE GOVERNMENT’S plan to import 60,000 metric tons (MT) of fish to augment supply during the closed fishing season has met with opposition from the association of small fishermen. The chairman of the Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas, Fernando L. Hicap, said in a statement Sunday that the planned imports will deprive fishermen […]
Customs told to be on alert for smuggled sugar
THE DEPARTMENT of Finance has directed the Bureau of Customs (BoC) to be on the lookout for smuggled sugar, noting that the disparity between the domestic price and the production costs of more efficient producers might encourage attempts to ship in the commodity illicitly. In a statement Monday, Finance Secretary Carlos G. Dominguez III said […]
PEZA flags ‘more restrictive’ import tax rules under CREATE
THE Philippine Economic Zone Authority (PEZA) raised possible problems its locators might encounter with new import tax rules after the implementation of a new law that cuts corporate income taxes and rationalizes incentives. The investment promotion agency foresees “certain issues” once the law is implemented, noting that it expects rules on the duty-free import of […]
Poultry farmers, meat industry clash on easing of import bans
MEAT IMPORTERS’ proposals to ease the bans on poultry imports from countries reporting bird flu outbreaks could endanger domestic poultry farms because of the absence of border inspection facilities to detect contaminated meat, the poultry industry said. Gregorio A. San Diego, Jr., chairman of the United Broiler Raisers Association, said in a mobile phone message […]