Economics Article
Dolly Grace D. Donguines March 02, 2015
MW 4:00-5:30
ROXAS HOLDINGS MULLS SUGAR ECOZONES
Summary:
Roxas Holdings, Inc. is a sugar milling company, which owns and manages sugar manufacturing companies. Central Azucarera Don Pedro is engaged in the producing, marketing and selling raw and refined sugar, molasses and other related products and offers tolling services to traders and planters. Central Azucarera de la Carlota produces raw sugar and molasses and trades the same on wholesale or retail basis. Roxas Holdings, Inc. is planning to diversify its product range by venturing into the development of special economic zones dedicated to the production of high-value sugar products. The firm said its development of so-called sugar economic zones is part of the plan to maximize the potential of its sugar business in La Carlota, Negros Occidental, and Nasugbu, Batangas. The current plan, according to Roxas, is to arrive at a firm decision in two years time as the company leverages the ecozone to attract customers for its high-value sugar products. RHI president Renato C. Valencia said these high-value products include pre-mix sugar, crystal sugar, as well as liquid sugar, among others, that the company can produce by tolling for third party brands. Pre-mix sugar are normally used for drink mixes like soda or juice.
Reaction:
In this news I can say that these company give a higher tax in our economic status. This can also integrate and strengthen our industry. Developing this company can probably be more beneficial to our economic zone but I think these companies should provide or give more taxes according to their net income. They should also give some copies of their financial reports to prevent cheating. In conclusion, the government should be strict in terms of taxes.
Article source: The Philippine STAR (BUSINESS SECTION)
Date publication: Wednesday, February 25, 2015
MW 4:00-5:30
ROXAS HOLDINGS MULLS SUGAR ECOZONES
Summary:
Roxas Holdings, Inc. is a sugar milling company, which owns and manages sugar manufacturing companies. Central Azucarera Don Pedro is engaged in the producing, marketing and selling raw and refined sugar, molasses and other related products and offers tolling services to traders and planters. Central Azucarera de la Carlota produces raw sugar and molasses and trades the same on wholesale or retail basis. Roxas Holdings, Inc. is planning to diversify its product range by venturing into the development of special economic zones dedicated to the production of high-value sugar products. The firm said its development of so-called sugar economic zones is part of the plan to maximize the potential of its sugar business in La Carlota, Negros Occidental, and Nasugbu, Batangas. The current plan, according to Roxas, is to arrive at a firm decision in two years time as the company leverages the ecozone to attract customers for its high-value sugar products. RHI president Renato C. Valencia said these high-value products include pre-mix sugar, crystal sugar, as well as liquid sugar, among others, that the company can produce by tolling for third party brands. Pre-mix sugar are normally used for drink mixes like soda or juice.
Reaction:
In this news I can say that these company give a higher tax in our economic status. This can also integrate and strengthen our industry. Developing this company can probably be more beneficial to our economic zone but I think these companies should provide or give more taxes according to their net income. They should also give some copies of their financial reports to prevent cheating. In conclusion, the government should be strict in terms of taxes.
Article source: The Philippine STAR (BUSINESS SECTION)
Date publication: Wednesday, February 25, 2015