Lessons for Malaysia from the Philippines sugar crisis
PHILIPPINE President Ferdinand Marcos Jr.’s recent visit to Malaysia should serve to remind us about our own sugar industry.
Marcos, in an unusual move, appointed himself the agriculture secretary in June 2022. This gives the president direct involvement in the country’s food production output as inflationary pressures challenge his administration. Marcos Sr. had tasked his classmate Roberto Benedicto to lead Philex and the subsequent agencies such as the PhilSuCor and National Sugar Trading Corporation .
Marcos Sr. then established the Philsucom and Nasutra, with the latter acting as the trading arm of the former. However, none of the agencies headed by Benedicto managed to address the country’s sugar problems, which led to the collapse of the sugar industry. Undeterred, the government expanded the functions of Philuscom and Nastura to acquire transport enterprises and storage to facilitate sugar exports.
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