The President confirmed this in a video released by the Presidential Communications Office , as he became the first sitting Chief Executive to meet with the sugar industry, partly owing to his role as concurrent Agriculture Secretary.
“One of the suggestions that came up during the meeting was to revitalize PhilSuCor. It provides financing for farmers, especially for cooperatives and farmers’ associations, those called ‘blocks.’ Now they are not able to work very much because they tried to abolish the PhilSuCor,” Mr. Marcos said. PhilSucor was created under Presidential Decree No. 1890 in 1983 during the term of President Ferdinand E. Marcos Sr. to finance the acquisition, rehabilitation, and/or expansion of sugar mills, refineries, and other related facilities.
Among the officials present during the meeting were Executive Secretary Lucas Bersamin, Chief Presidential Legal Counsel Juan Ponce Enrile Sr., Special Assistant to the Presidential Secretary Antonio Ernesto F. Lagdameo Jr.;
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