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DILG: Singcang-Airport champion Lupong Tagapamayapa awardee  

DILG: Singcang-Airport champion Lupong Tagapamayapa awardee  

Business
Barangay Singcang-Airport was named champion in the 2024 Lupong Tagapamayapa Incentives Award (LTIA)  in Bacolod City, the Department of Interior and Local Government- Bacolod announced  on Thursday. April 18.   Brgy. Singcang-Airport is this year’s LTIA Champion of the city and will be the official nominee of Bacolod in the Regional LTIA Highly-Urbanized City Category, the  DILG Bacolod said in a Facebook post.  The barangay is headed by Punong Barangay Caesar Distrito.  Following Singcang-Airport is Brgy. Granada as 1st runner-up, Brgy. Montevista - 2nd runner-up, and Brgy. Estefania - 3rd runner-up.* 
AGI posts record-breaking P30B net income in 2023 

AGI posts record-breaking P30B net income in 2023 

Business
Alliance Global Group Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, achieved a record-breaking net income of P30.3 billion, up 20 percent year-on-year despite higher inflation, which pushed overall costs and expenses up during the period.   Attributable net profit stood at a new high of P19.6 billion, reflecting a 2 percent increase from the year before, a  press release  from AGI said.  Consolidated revenues hit an unprecedented level of P211.2  billion, reflecting a robust 15 percent growth from P183.6 billion the year before.  Kevin L. Tan, AGI chief executive officer, said  “2023 was a historic year for the Group as it delivered excellent performance across all of its businesses, led by its real estate, tourism and consume...
Globe reports steep decline in spam, scam messages

Globe reports steep decline in spam, scam messages

Business
Mobile leader Globe reported a significant drop in the volume of spam and scam text messages blocked on its network in the first quarter of 2024 compared to the same period last year, a downtrend reflecting gains in the company's stringent anti-spam measures. The total number of blocked spam and scam SMS plunged from 1.1 billion in Q1 2023 to just 362.8 million in Q1 2024, a remarkable 67 percent year-on-year decline. Bank-related spam and scam messages, which often attempt to lure victims into revealing sensitive financial information, also saw a steep 74 percent drop from 4.07 million in Q1 2023 to 1.04 million in the recent quarter, a press release from Globe said. At the same time, the number of customer-reported scam SMS received via Globe's Stop Spam portal declined 44 per...
GCash wins award 

GCash wins award 

Business
GCash, the Philippines’ top finance app and largest cashless ecosystem, recently received the recognition of Company of the Year Award for the Philippines' Financial Technology Industry from leading global analysis and growth strategy consulting firm Frost & Sullivan.  The award recognizes GCash’s pioneering use of digital solutions and innovative financial services and its strong overall achievements in the financial technology space—highlighting its  “deployment of best practices and strategic analytics across a value chain”, a press release from Gcash said  Friday, April 12.   The practices and strategies identified by Frost & Sullivan, include:  GCash’s promotion of financial inclusion through a streamlined banking application proces...
Big time fuel price hikes on Tuesday

Big time fuel price hikes on Tuesday

Business, Top Stories
Motorists should brace for big time fuel prices hikes on Tuesday, April 9. Unioil Petroleum Philippines’ fuel price forecast for April 9 to 15 said the estimated per liter increase for diesel will be P1.50 to P1.70 and P1.10 to P1.30 for gasoline. On April 2 oil companies implemented a rollback in the prices of diesel and kerosene by P0.60 and P1.05 per liter, respectively. Gasoline prices increased by P0.45 per liter.*
Unremitted SSS contributions from delinquent employers down 40% 

Unremitted SSS contributions from delinquent employers down 40% 

Business
Encouraged by the Supreme Court decision upholding the right of the Social Security System (SSS) to take legal action against employers who have been remiss in settling their contribution delinquencies, SSS President and Chief Executive Officer Rolando Ledesma Macasaet ordered an increase in the frequency of its Run After Contribution Evaders (RACE) Campaign nationwide.  “Our RACE Campaign must be working,” Macasaet said as he reported that the amount of unremitted members’ contributions from delinquent employers have plummeted by almost 40 percent in 2023.  Macasaet said that uncollected contributions in 2022 stood at P92 billion, but SSS successfully brought it down by 39 percent to P56 billion in 2023 on the back of aggressively pursuing delinquent employers and con...
Globe offers free roaming services to Pinoys in Taiwan following quake 

Globe offers free roaming services to Pinoys in Taiwan following quake 

Business
Globe is offering free connectivity support, including roaming call, text and data services, to Filipinos in Taiwan following the 7.2 magnitude earthquake that struck Wednesday morning, April 3 .  To help them get in touch with loved ones or make emergency calls, Globe postpaid and prepaid customers and TM users currently using roaming services in Taiwan will get free 15 minutes of incoming and outgoing calls, 15 texts to all networks, and 1GB data (whichever service is currently available) good for 7 days at no extra cost, a press release from Globe said.   To avail of the free roaming service, Globe and TM customers only need to connect to Globe’s roaming partners  -Taiwan Mobile and Chunghwa Telecom. The free roaming service offer requires no registration ...
Globe sustains mobile revenue market leadership for 7 straight years 

Globe sustains mobile revenue market leadership for 7 straight years 

Business
Globe continues to cement its position as the undisputed leader in the Philippine mobile industry, logging a 54.7 percent  mobile revenue market share as of the end of 2023. This sustains Globe’s majority revenue market share (RMS) for seven consecutive years.  RMS is widely considered the true measure of competitive market leadership in the telecom industry as it reflects actual consumer spending and accounts for all mobile revenue streams: voice, SMS, and mobile data services, a press release from Globe said.  Globe has maintained an RMS ranging from 51.8 percent in the fourth quarter of 2016 to 54.9 percent by the third quarter of 2023, peaking at 56.8 percent in the first quarter of 2019.  The company’s mobile revenues soared to a record ₱112.4 billion...
Globe warns vs. spoofed messages for rewards claims 

Globe warns vs. spoofed messages for rewards claims 

Business
Globe has called on the public to be extra vigilant and never engage with text messages with links directing customers to click to redeem Globe Rewards, as these are scam SMS sent out by fraudsters via spoofing.  Customers have reported receiving spoofed messages impersonating Globe’s sender ID, inviting them to click dubious links supposedly to claim their Globe Rewards.  These malicious links are meant to steal personal information, including credit card details.  Fraudsters are apparently taking advantage of Globe’s push for customers to claim their Rewards before the expiry on March 31, 2024.  All official SMS from Globe do not contain links.  “We call on our customers to please never click on links in SMS pretending to be from Globe. Any text ...
NTC orders blocking of unlicensed investment platform 

NTC orders blocking of unlicensed investment platform 

Business
The National Telecommunications Commission (NTC) has initiated the blocking of websites and apps offering investment opportunities without the necessary license, upon the request of the Securities and Exchange Commission (SEC).  The NTC has  issued a memorandum to all internet service providers, directing them to immediately block the websites and apps of MiTrade for violations of the Securities Regulation Code, Revised Corporation Code of the Philippines, and regulations enforced by the SEC.  “We thank the NTC for supporting our campaign against investment scams  and other predatory financial schemes toward the protection of the investing  public,” SEC Chairperson Emilio B. Aquino said.  “The directive of the NTC will greatly help in preve...
New cane varieties, technologies featured in Philsutech farm tour

New cane varieties, technologies featured in Philsutech farm tour

Business
The participants witnessed a demonstration on the use of a drone in spraying fertilizer and pesticides on a farm.* New sugarcane varieties, productive farm practices and drone technology, among others, were featured during the PHILSUTECH Educational Farm Tour and Technology Updates conducted in Bacolod City and a cane farm in E. B. Magalona, March 7-8. Sugar Regulatory Administrator Pablo Luis S. Azcona delivered a message at the opening of the activity. He shared his experiences with climate change and sugarcane varieties. He assured that SRA will give utmost priority to research to come up with better varieties and better El Niňo mitigation measures, a press released said. On the first day, SRA Biotech Head Rimmon Armones and Dynah Fatima Viscaya presented new sugarcane varieti...
Globe expands 5G access in Visayas, Mindanao

Globe expands 5G access in Visayas, Mindanao

Business
Globe installed 41 more 5G sites across Visayas and Mindanao in 2023 in line with its strategic rollout of the technology, as it continues to test for certain applications that will enable Filipinos across social classes. Globe added 27 more sites in Visayas and 14 new ones in Mindanao last year, as part of its broader initiative to enhance digital connectivity in the areas of health, education, finance, and entertainment, a press release from the firm said Wednesday. Visayas, a vibrant and culturally rich region in the heart of the Philippines, is known for its vital contributions to the country's economy through its robust industry and services sector, it said. Globe's investment in the region's digital infrastructure aligns with the national government's economic targets a...
More Negros power plants to deliver renewable energy

More Negros power plants to deliver renewable energy

Business, Top Stories
There are seven committed power projects in Negros Island aiming to produce 155.6 megawatts that are underway, a Department of Energy (DOE) official said on Wednesday, March 20.     The seven will include battery energy storage systems (BESS), geothermal, solar   and biomass renewable energy  plants that are expected to be completed from 2024 to 2026,     Jose Rey Maleza, DOE Energy Industry Management Division chief,  reported    at a Negros Electric Power Forum at L’Fisher Hotel in Bacolod City.  The following are the seven committed projects:  There are also 16 other indicative  power projects in the pipeline for Negros that have yet to be undertaken and  are aiming to produce 1,2...
CENECO rates down P1.5/kWh for March  

CENECO rates down P1.5/kWh for March  

Business, Top Stories
The Central Negros Electric Cooperative announced a P1.5577 decrease in its  electricity rates this  March, from P11.7856 per kilowatt-hour last month to P10.2279/kWh this month. CENECO, in a press release on Saturday, March 16,  said that its generation charge is at P6.5036/kWh while its transmission charge is at P0.6172, and Systems Loss at P0.7928.  Its Feed in Tariff (FIT)-all and lifeline and senior citizens discount, and Value Added Tax is at P1.1277, and Distribution Fee is at P1.1866/kWh.  Last week, NOCECO also announced a P2 decrease in its electricity rates attributing it to a decrease in the  generation charge from the Wholesale Electric Spot Market and other generation power plants. Northern Negros Electric Cooperative has  yet to announce its e...
Globe builds 2,000 new sites in Visayas to push growth

Globe builds 2,000 new sites in Visayas to push growth

Business
Leading digital solutions platform Globe has substantially expanded its network infrastructure in the Visayas, building 303 new cell sites and upgrading 1,756 sites to 4G LTE technology in 2023 to support the region's growth trajectory driven by a strong industry and services sector. Globe's investment in the Visayas has been both timely and aligned with the government’s economic goals and Digital Philippines agenda. The enhancements in telecom infrastructure are vital for the area, which serves as a central link between Luzon and Mindanao, a press released from Globe said Tuesday, March 12.. Data released by the Philippine Statistics Authority in December 2023 showed sustained economic growth in the region in 2022. Lapu-Lapu City grew the fastest at 13.2 percent, while other ke...
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