Benedicto used Philex to buy cheap sugrar from local producers and sell it abroad for large profits .
Marcos ' proclamation of Martial Law allowed Benedicto take control of the Philippine Exchange Company ( Philex ) , which monopolized local hacienderos ( sugar barons ) ' international trade .
Benedicto used Philex to buy cheap sugrar from local producers and sell Philex abroad for large profits .
Marcos ' proclamation of Martial Law allowed Benedicto take control of the Philippine Exchange Company ( Philex ) , which monopolized local hacienderos ( sugar barons ) ' international trade .