Economic managers delay sugar liberalization

Economic managers have agreed to shelve plans to ease restrictions on sugar imports for now, as they will focus instead on slashing the domestic price of the sweetener, according to Socioeconomic Planning Secretary Ernesto M. Pernia.

Pernia told the BusinessMirror in an ambush interview in Manila that the Economic Development Cluster (EDC) discussed the liberalization of the sugar industry on October 23.

Read more…