Marcos eyes revival of PhilsucorPresident Ferdinand "Bongbong" Marcos Jr. graces the 72nd anniversary celebration of the Department of Social Welfare and Development (DSWD) at its central office in Batasan Road, Quezon City on January 31, 2023. MANILA, Philippines — President Marcos is eyeing the revival of the Philippine Sugar Corp. (PHILSUCOR), a state-run firm that provided financing to facilities used in the manufacture and distribution of sugar and its by-products, which was abolished during the previous administration. PHILSUCOR was created in 1983 through Presidential Decree 1890 issued by the President’s late father and namesake Ferdinand Marcos. On Monday, Marcos approved the importation of as much as 150,000 MT of sugar to stabilize the price and increase the country’s stock. Importing an additional 100,000 MT to 150,000 MT of sugar is needed to prevent a shortfall, the SRA said.
