Personal umanong pinili ni Department of Agriculture (DA) Senior Undersecretary Domingo Panganiban si Michael Escaler at dalawa pang trader na mag-import ng sandamakmak na asukal sa bansa, ito ay ayon sa report ng Bilyonaryo.

“I consider them as the most capable importers that we have,” ayon kay Panganiban.

Si Escaler ang president at chief executive officer ng All Asian Countertrade, ang pinakamalaking sugar trader sa bansa.

“In response to the directive of the President to address inflation and create a buffer stock and given that sugar is one of the components of most commodities that drives the consistently high inflation rate, I acted with haste and interpreted the memorandum issued by the Office of the Executive Secretary as an approval to proceed with the importation,” dagdag pa ni Panganiban.

“With the urgency of the situation, I instructed three capable and accredited companies to proceed with the importation of sugar, provided that they agree to reduce the prices of sugar, sell the commodity at a price that is commercially acceptable in the market and that they will shoulder the cost of warehousing,”


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Source: Abante TNT