THE Central Azucarera Don Pedro Inc. , a subsidiary of Roxas Holdings Inc. , has permanently shut down its milling operations, raising concerns from sugar planters on where to mill their cane, documents showed.
“Thus, after careful deliberation, the shareholders and management of CADPI have decided to permanently close its milling operations starting this crop year 2022-2023 and shall be immediately informing all of its stakeholders of this decision,” Dimarucut said in his letter to Alba dated December 15. “In connection with your decision to close your mill, and nothing that it is already mid-milling season, the sugarcane planters regularly milling with you have raised their concern on how they will be able to have their canes milled considering the closure of your mill,” Alba said in his letter, which was also copy furnished to CADPI’s Senior Vice President Commercial Operations George Cheung.
With it, the only operating sugar mill in Batangas would be the one operated in Balayan by the Sugar and Renewables Group of Universal Robina Corp. . In its annual report for fiscal year ending September 30, 2022, RHI said CADPI “still managed to be the leading mill of choice in the Batangas area because of continuous thrust to improve quality of sugar production” despite an 11-percent reduction in market share in the previous crop year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eight drug pushers nabbed, P800,000 worth of shabu seized in three Central Luzon buy-bustsIllegal drugs worth almost P800,000 were seized from eight suspected drug peddlers who were arrested during separate buy-bust operations in Nueva Ecija, Pampanga, and Zambales, report said Saturday, Jan. 14.
Source: manilabulletin - 🏆 25. / 51 Read more »
Shooting for growth in 2023 | Josef RamosMillions of rounds of ammunition have been produced by Armscor Cartridge Inc. (ACI) and exported all over the United States since 2011. Know more:
Source: BusinessMirror - 🏆 19. / 59 Read more »
DA still negotiating for 2nd cycle of P170/kilo onions to be sold at Kadiwa storesThe Department of Agriculture (DA) is still negotiating with state-owned Food Terminal Inc. (FTI) to obtain fresh onions that will be sold at a discount at Kadiwa stores. Saan galing ang onions ng FTI? Kung kaya pala mag-nego ng DA bakit sila lang? Bakit sa kadiwa lang? Bakit selected few lang or yung may access lang sa kadiwa? Bakit walang access ang mass? Sino ang supplier ng FTI at may ganyan silang power at hinahabol sila n DA? DA pa talaga. Hindi ba ganyan ang scheme sa face mask procurement? Kadiwa lang problema ng da?
Source: gmanews - 🏆 11. / 68 Read more »
SEIPI aims for P50-billion semiconductor export in 2023 | Andrea E. San JuanThe Philippine electronics industry is targeting $50 billion in exports this year, 70 percent or $35 billion of which, will come from semiconductors, according to the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI). SEIPI, the organization of electronics companies in the country, issued the export forecast during…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Explore the world again with the new explorer credit card by BDO and American Express | BusinessMirrorBDO Unibank, Inc. and American Express have launched the American Express® Explorer™ Credit Card (“the Explorer Card”) in the Philippines for the aspiring and frequent travelers eager to explore the world again. Cardmembers earn American Express’ Membership Rewards® points, which never expire, and can be redeemed for air miles with…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Maybank Philippines’ Anniversary Gala Event: A toast to 25 years, from silver to gold | BMPlusMaybank Philippines, Inc. (MPI) recently celebrated its 25th Anniversary with a Filipiniana-Themed Gala last 25 November 2022 at the Grand Ballroom of Shangri-La at the Fort, Bonifacio Global City, Taguig City, with more than 300 valued clients and VIP guests attending to celebrate this milestone. Maybank Group Chairman Tan Sri…
Source: BusinessMirror - 🏆 19. / 59 Read more »