Easy to see why bagholders are stuck right now this very second at 57 cents.
An LTO allows you to legally import, distribute, sell wholesale, and/or manufacture food, drugs, cosmetics, and medical devices. It is also a requirement before you can obtain a Certificate of Product Registration (CPR), a seal of approval which indicates that your product complies with health, safety, and technical standards set by the FDA in the Philippines. https://www.dayananconsulting.com/how-to-apply-for-fda-lto-license-to-operate-philippines/#What-is-LTO