The Philippine Sugar Corporation will be revived to help give financing to sugar farmers, President Ferdinand Marcos Jr. said on Wednesday."One of the suggestions that came up during the meeting was to revitalize Philsucor. Philsucor is Philippine Sugar Corporation... It's financing for farmers, especially for cooperatives and farming associations," Marcos said.
"They will continue their work in providing assistance sa ating mga farmers, sa ating mga farmers groups," Marcos said. The order said that Philsucor was "no longer effectively performing the objectives and purposes for which it was originally created."import 150,000 metric tons of sugar"We agreed on an importation schedule and how we will open up the importation to all of the traders," Marcos said.
'Ngayon hindi sila masyadong nakakapagtrabaho dahil they tried to abolish... ngunit hindi naabolish, nandiyan pa sila. Kaya't bubuhayin natin at babaguhin natin,' he added.