Huge losses force Luzon sugar mill to close shop

MANILA, Philippines  — Central Azucarera Don Pedro Inc. (Cadpi) totally ceased the operations of its sugar mill, including its refinery, in Batangas province on Thursday as it incurred “serious business losses,” its parent firm, Roxas Holdings Inc. (RHI), said. Consequently, Cadpi terminated all its employees following the cessation of business operations effective March 29, RHI Read The Rest at :