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BOC discovers 466K sacks of raw sugar in 3 CDO warehouses

(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inventoried sugar, some 264,000 sacks were said to have been already sold to traders but the stocks have not yet been withdrawn from the war ....

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Expect more warehouse inspections, Palace warns

Press Secretary Trixie Cruz-Angeles (File photo) MANILA - After huge volumes of sugar were found hoarded and smuggled into the country, Malacanang on Tuesday reiterated its warning that government would run after all warehouse owners and caretakers taking advantage of the current supply concerns in the country. Press Secretary Trixie Cruz-Angeles made this remark after the Office of the President confirmed that the supposed sugar shortage in the country is "artificial" and merely caused by hoarding done by unscrupulous traders. She said surprise warehouse visits will continue in the following days. "Yes, patuloy po (they will continue). By the way, they are the exercise of visitorial powers," Cruz-Angeles said in a Palace press briefing. Since last week, simultaneous operations were conducted by the Bureau of Customs, the Sugar Regulatory Administration, and the Department of Agriculture to inspect sugar warehouses in Deparo, Caloocan City; Balut in Tondo and San Ni ....

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Marcos confident new SRA execs will help PH overcome sugar woes

NEW SRA EXECS. President Ferdinand "Bongbong" Marcos Jr. administers the oath of new appointees to the Sugar Regulatory Administration at Malacanan Palace on Monday (Aug. 22, 2022). Marcos also briefed the new appointees about the administration's thrusts on securing the sugar supply in the country. (Photo from Bongbong Marcos Facebook page) MANILA - President Ferdinand "Bongbong" Marcos Jr. on Monday expressed confidence that the three new appointees at the Sugar Regulatory Administration (SRA) will help the country overcome problems in the sugar industry. This, after he administered the oath of office of David John Thaddeus Alba as SRA acting administrator, and Pablo Luis Azcona and Ma. Mitzi Mangwag as board members of the sugar regulatory body. "Tayo'y nagpapasalamat sa mga bagong opisyal ng Sugar Regulatory Administration na nangakong gagawin ng tapat ang kanilang mga tungkulin para sa ikabubuti ng bayan (We are grateful to the new officials of the ....

Batangas City , Davao City , San Fernando , Negros Occidental , Ferdinand Bongbong Marcos Jr , Carlotay Pontevedra , Victor Rodriguez , David John Thaddeus Alba , Hermenegildo Serafica , Mitzi Mangwag , Pablo Luis Azcona , Bureau Of Customs , Department Of Agriculture , Sugar Regulatory Administration , Executive Secretary Victor Rodriguez , Sugar Order , Asociacion De Agricultores La Carlota , Caloocan City , San Nicolas , New Sra Execs President Ferdinand Quot Bongbong Marcos Jr Administers The Oath Of Appointees To Sugar Regulatory Administration At Malacanan Palace On Monday Aug 22 , 022 Marcos Also Briefed The New Appointees About Administration 39s Thrusts On Securing Sugar Supply In Country Photo From Bongbong Facebook Page Manila President Ferdinand Quot Jr Monday Expressed Confidence That Three At Regulatory Sra Will Help Overcome Problems Industry This , Fter He Administered The Oath Of Office David John Thaddeus Alba As Sra Acting Administrator , Nd Pablo Luis Azcona And Ma Mitzi Mangwag As Board Members Of The Sugar Regulatory Body Quot Tayo 39y Nagpapasalamat Sa Mga Bagong Opisyal Ng Administration Na Nangakong Gagawin Tapat Ang Kanilang Tungkulin Para Ikabubuti Bayan We Are Grateful To New Officials Who Promised Do Their Duties Faithfully For Good People , Uot He Said Ina Post In His Official Facebook Page Quot Tiwala Tayong Mapagtatagumpayan Natin Ang Anumang Hamon Na Ating Kahaharapin Sa Industriya Ng Asukal Kasama Mga Bagong Kawani Sra We Are Confident That Can Overcome Any Challenges May Face The Sugar Industry With New Staff , Uot He Added On Saturday , Xecutive Secretary Victor Rodriguez Confirmed The Appointments Of Alba ,

Sugar shortage 'artificial' due to hoarding: Palace

(File photo) MANILA - Malacanang on Monday confirmed that the supposed sugar shortage in the country is "artificial" and merely caused by hoarding done by unscrupulous traders. This after simultaneous operations were conducted by the Bureau of Customs (BOC), the Sugar Regulatory Administration, and the Department of Agriculture to inspect sugar warehouses in Deparo, Caloocan City; Balut in Tondo and San Nicolas in Manila; Rosales, Pangasinan; San Fernando, Pampanga; Ibaan, Batangas, and Davao. "The huge volume of sugar discovered by Customs agents in the various warehouses in Luzon has led Malacanang to conclude that the sugar shortage is artificial, brought about by the hoarding of sugar traders who wanted to rake-in huge profits from the sudden spike in sugar prices," the Office of the President (OP) said in a press statement. On Monday, BOC operatives conducted a raid at a warehouse located at No. 306 Kabatuhan St. along Deparo Road in Caloocan City. They also se ....

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