"Selling it at P85 is nothing short of outrageous. Parang tumama ka ng 50 times sa Super Lotto nang hindi ka man lang tumataya," Hontiveros said. “You can actually buy refined sugar wholesale for P25 per kilo in Thailand. Kung matino kang importer, you know that you would already get a decent profit if you sell sugar at P61, bayad na doon ang warehousing, duties, handling, at may maayos ka na na profit of P8 per kilo per industry standard at a wholesale price point of P61,” she added.For the senator, the P85 asking price of All Asian imposes an additional P24 “super profit.”
Senator Risa Hontiveros on Tuesday disclosed that three traders may gain billions from the supposed sugar importation.
She said the company followed Panganiban but All Asian quoted a wholesale price of P85 per kilo of sugar—a rate which the senator tagged as "appaling." "Sa ganung tubo na pinaghahatian lang ng tatlo, di mahirap isipin kung magkano ang kickback diyan. Ang asukal mo, may sweetener," she said. "Sila ba ay idinala diyan ni Usec. Panganiban dahil sila 'yung pinili nila ni Usec. na favored di umanong most capable na importers kaya't natanong ko kung normal ba na dalhin ang mga sugar importers sa Malacanang," she added.
Moreover, Hontiveros questioned Malacanang's supposed silence on the alleged government-sponsored smuggling despite statements of Panganiban implicating Executive Secretary Lucas Bersamin in the issue. In February, Hontiveros filed proposed Senate Resolution 497 seeking a Blue Ribbon committee probe into the entries of around 440,000 metric tons of sugar in Philippine ports ahead of the issuance ofShe earlier said the February 9 shipments could not have been covered by Sugar Order 6, as the allocation for this would only start on February 24. It was also not covered by earlier orders, as the earliest arrival date would be on March 1.
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