Thursday, September 17

Business

GCash offers stock investing access to Bacolod, Negros residents for as low as P500

GCash offers stock investing access to Bacolod, Negros residents for as low as P500

Business
Residents of Bacolod City and Negros Occidental looking to invest in Philippine-listed companies can start with as low as P500 through GStocks PH within the GCash app, the company said.The platform, powered by brokerage firm AB Capital Securities, Inc. (ABSCI), allows users to buy shares without a bank account.Users must be at least 18 years old and have a fully verified GCash account, a valid ID, and an email address to register.In a press release, GCash said GStocks PH serves more than 2 million users nationwide, accounting for more than 50 percent of online retail stock market accounts with the Philippine Stock Exchange (PSE).The platform provides access to more than 280 PSE-listed companies.GCash general manager for wealth management Darwin Sy Su said the service fo...
San Miguel Pale Pilsen honors Bacolod’s MassKara Festival with limited-edition commemorative can

San Miguel Pale Pilsen honors Bacolod’s MassKara Festival with limited-edition commemorative can

Business
Ahead of October's annual MassKara Festival of Bacolod City, San Miguel Brewery Inc. (SMB) has unveiled the San Miguel Pale Pilsen Limited-Edition MassKara Fiesta Can, paying tribute to the vibrant celebration, culture, and resilience of the "City of Smiles."The new commemorative packaging features design elements inspired by Bacolod's iconic smiling masks, symbolizing the optimism, community pride, and unity of the Negrense spirit. San Miguel Pale Pilsen, the company's flagship brand, aims to highlight its long-standing role as a central part of Filipino gatherings and local heritage.Starting this September, the limited-edition cans will be available exclusively in selected retail stores across Bacolod City and neighboring municipalities at an average retail price (ARP) o...
GCash makes investing in Arthaland follow-on offering more accessible with GStocks PH

GCash makes investing in Arthaland follow-on offering more accessible with GStocks PH

Business
Arthaland Corporation’s Series G and H preferred shares will be offered from September 14 to 25  with annual dividends up to 7.8 percent.*Retail investors in Negros can now participate in Arthaland Corporation’s (ALCO)  Series G and Series H preferred share offering directly through GStocks PH via the GCash app.Offered by broker AB Capital Securities Inc., the shares are priced at ₱500 each. The Series G shares (ALCPG) offer a dividend rate of 7.3260 percent per annum, while the Series H shares (ALCPH) carry a dividend rate of 7.8105 percent per annum, subject to the terms and conditions of the issue.Preferred shares generally pay fixed dividends and grant holders priority over common shareholders when distributions are made, a press statement from GCash said Tuesday,...
BIR removes VAT on system loss charge

BIR removes VAT on system loss charge

Business
PNA/Yancy Lim photo The Bureau of Internal Revenue (BIR) issued a memorandum circular on Monday,  Sept. 14, removing the value-added tax (VAT) on the allowable system loss charge within the cap approved by the Energy Regulatory Commission (ERC).Memorandum Circular No. 97-2026 circularizes ERC Resolution No. 26 and formally recognizes the allowable system loss charge within the ERC-approved cap as a government-mandated charge excluded from gross sales for VAT purposes.The BIR said it is therefore not subject to output VAT and creditable withholding on VAT.The exclusion, however, does not extend to income tax and the corresponding creditable withholding tax.The BIR said the removal of the VAT on system is in line with President Ferdinand R. Marcos Jr.’s directiv...
Nat’l government agencies deliver ₱261.5M in aid, services to Negrenses on Marcos’ birthday

Nat’l government agencies deliver ₱261.5M in aid, services to Negrenses on Marcos’ birthday

Business, Top Stories
The distribution of aid at the Capitol Park and  Lagoon in Bacolod City*Ronnie Baldonado photoMultiple national government agencies gathered at the Capitol Park and  Lagoon in Bacolod City and key sites across Negros Occidental to deliver essential public services and over ₱261.5 million  in aid  to Negrenses as part of the "Handog ng Pangulo: Serbisyong Sapat Para sa Lahat" initiative on Monday, Sept. 14.The  "Handog ng Pangulo: Serbisyong Sapat Para sa Lahat"  was a nationwide activity held  as  President Ferdinand Marcos marked his 69th birthday,The multi-agency event accounted for a total allocation of over ₱261.5 million in turned-over funds, projects, equipment  and financial assistance benefiting thousands of residents, farmers, st...
CEO defends ₱3.7M footbridge cost;  20-year lifespan, community impact cited

CEO defends ₱3.7M footbridge cost;  20-year lifespan, community impact cited

Business, Top Stories
Mayor Greg Gasataya and City Engineer’s Office (CEO) representatives  inspected the newly rehabilitated footbridge connecting Barangay Singcang-Airport and Barangay 35 on Monday, September 14.Gasataya highlighted the structural reliability of the project, which benefits thousands of daily commuters, particularly students traveling to nearby downtown schools, a press release from the Bacolod City Communications Office said.“The structure is crucial for residents here. Based on the assessment of the City Engineer’s Office, it can withstand up to 20 years. The funds allocated upon the request of residents will definitely benefit both Barangay Singcang-Airport and Barangay 35,” Gasataya said.The mayor was welcomed by City Councilor and former Punong Barangay Caesar Distrito, c...
More than 31K Dumaguete residents to get rice aid under BBMP

More than 31K Dumaguete residents to get rice aid under BBMP

Business, Top Stories
Mary Judaline Partlow file photoSome 31,900 residents of Dumaguete City have been identified to receive 10 kilos of government rice each under the Bawat Bayan Makikinabang (BBMP) program funded through the Local Government Support Fund (LGSF), an official said.Lilibeth Filipinas, chief of the City Social Welfare and Development Office (CSWDO),  said that 1,776 beneficiaries will receive their rice assistance during the “Handog ng Pangulo: Serbisyong Sapat Para sa Lahat” service caravan on Monday, Sept. 14.“The beneficiaries during the Handog ng Pangulo are from Barangays 1 to 7. The rest of the beneficiaries from the city’s 30 barangays will receive their free rice during subsequent distribution activities,” Filipinas said.Meanwhile, the Department of Social Welfare an...
NOCPPO named top performing police unit in PRO-NIR scorecard

NOCPPO named top performing police unit in PRO-NIR scorecard

Business, Top Stories
The Negros Occidental Police Provincial Office was named the top performing police unit under the Police Regional Office-Negros Island Region’s Bottom-up Balanced Scorecard System.NOCPPO Provincial Director Col. Dennis Wenceslao received the award on behalf of the provincial police command, Sept. 7.The scorecard evaluates police units based on key performance areas including operational readiness, community engagement, crime prevention and implementation of police programs.PRO-NIR said NOCPPO ranked highest among the provincial and city police offices in the region under the assessment.Wenceslao credited the recognition to the collective work of personnel across the provincial police office.“This award belongs to every officer and staff of NOCPPO,” Wenceslao said.He...
Bacolod SP backs Albee’s call for congressional inquiry into Visayas power interruptions

Bacolod SP backs Albee’s call for congressional inquiry into Visayas power interruptions

Business, Top Stories
The Sangguniang Panlungsod of Bacolod City has approved a resolution expressing its full support, and that of the people of Bacolod, for the initiative of Deputy Speaker Alfredo “Albee” B. Benitez calling for a congressional inquiry into the recurring power interruptions, rotational brownouts, and red and yellow alerts affecting Negros Island and the entire Visayas, Councilor Ceasar Distrito said Thursday, Sept. 10.Authored by Distrito, the resolution urges the House Committee on Visayas Development, the House Committee on Energy, and other appropriate congressional committees to conduct hearings at the earliest opportunity and pursue legislative and policy measures toward a reliable, adequate and affordable electricity supply.Distrito, in a press release,  said the repeated p...
Negros Occidental Capitol suspends work following shooting threat

Negros Occidental Capitol suspends work following shooting threat

Business, Top Stories
The provincial government employees at the Capitol going home after work was suspended Wednesday afternoon.* Barbara Mijares photoGov. Eugenio Jose Lacson ordered the immediate suspension of work across all offices inside and surrounding the Negros Occidental  Provincial Capitol on Wednesday afternoon, Sept. 9, following an alleged  direct shooting threat targeted at government personnel.The emergency shutdown was prompted by a security breach involving a private  individual who allegedly threatened to shoot provincial government workers, the governor’s memorandum said.In issuing the order, Lacson emphasized that the immediate danger posed to staff, officials, and visitors demanded paramount consideration, noting that the incident had already severely disrupted t...
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