MERGE BACOLAODIAT. Chinese lanterns light up Bacolod City in preparation for the Chinese New Year BacoLaodiat Festival* (Ronnie Baldonado photo)


‘Sugar industry gains
victory in Congress’
BY CARLA P. GOMEZ

The House Committee on Agriculture passed two resolutions yesterday opposing sugar import liberalization as proposed by the country’s economic managers, its vice chairperson Rep. Francisco Benitez (Neg. Occ., 3rd District), said.

Passed was House Resolution 412 filed by the Sugar Bloc and House Resolution 439 filed by the Makabayan Bloc opposing the planned import liberalization, which they said would kill the country’s sugar industry.

“Rare is the issue when the entire spectrum of society from landowners and planters to workers share similar sentiments to protect the industry,” Benitez told the DAILY STAR. moremoremore


Yansons family feud continues
BY CARLA P. GOMEZ

The battle for control of the Yanson group of bus companies continues with the camps of matriarch Olivia Yanson and that of her four other children electing separate presidents and board members for Bachelor Express Inc. (BEI) and Mindanao Star Bus Transport Inc. (MSBTI).

However, the camp of Olivia maintained that she continues to have full control of all of the family’s bus businesses.

The camp of Olivia re-appointed Leo Rey Yanson president of both firms. moremoremore

 

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Sugar output down 19.87%
BY MARCHEL P. ESPINA

The local production of sugar continued to decline this month, posting a decrease of 19.87 percent from the same period in the previous year, the Sugar Regulatory Administration said.

In its latest supply and demand situation report, from September 1, 2019 to January 5, the SRA said the production of raw sugar totalled to 590,921 metric tons compared to the same period in the previous year with 737,412 MT.

In terms of 50-kilogram bags, it reached 11.818 million in the period compared to 14.748 million in 2019.