Business

Jan312022 by Digicast NegrosNo Comments

UNIFED joins call for fertilizers’ price freeze

The United Sugar Producers Federation (UNIFED) has joined the call for the Department of Trade and Industry (DTI) and the Department of Agriculture (DA) to immediately issue a price freeze amidst the skyrocketing cost of fertilizers that has almost tripled in less than two years.UNIFED President Manuel Lamata said they have been appealing to DTI and DA since last year to “implement a price cap on fertilizers or subsidize the cost but it seems our calls have been falling on deaf ears.”“When we first asked for help, the cost of urea fertilizers were already at P1,900 per 50-kilogram bag from the P800-900 price just a year ago. Now, it is being sold at P2,300-2,400. With the onset of the planting season, there will be many farmers who may not be able to afford fertilizers and this wil...

Jan312022 by Digicast NegrosNo Comments

VMC finally released planters’ shares it withheld since 2018

Business

It was a David versus Goliath duel, a battle worth fighting for a planters' group that dragged for a couple of years.After a two-year insistence by Vicmico Planters Association Inc., Victorias Milling Co. (VMC) finally released the planters’ shares it withheld since 2018, a press release from Vicmico PAI said Sunday, January 30.These shares were withheld without any orders and authority from the Sugar Regulatory Administration, Department of Labor and Employment and from the Courts, Jose Ma. Montinola, Vicmico PAI vice president, said.The corresponding increase in planters' share is in accordance with Republic Act 809 where the sharing should be 70/30 percent in favor of planters. The release of the amount by VMC proved that all along, Vicmico Planters’ Association was legally ...

Jan282022 by Digicast NegrosNo Comments

DA, DTI must curb fertilizer price hike: Yulo

Business

The unabated increase in fertilizer cost despite calls for a freeze price increase is causing trouble in the sugar industry now that the milling season is peaking and sugar planting has commenced in many areas, Dino Yulo, former Sugar Regulatory Administration board member, said Friday, January 28.Yulo said that prices of fertilizers have more than doubled compared to last year.Urea, which is the fertilizer grade most heavily used by farmers, was selling around P900 per 50-kilo bag of urea about 18 months ago, and we are now buying it at P2,300-2,400 per bag, Yulo said.“We have been feeling the effects since the last planting season and in fact, we called out several months ago for national intervention, particularly to the Department of Agriculture (DA) and Department of Trade...

Jan282022 by Digicast NegrosNo Comments

Globe expands 5G Roaming coverage in Europe with Belgium, Luxemburg, Spain, France

Business

Globe continues its leadership in the 5G space, as it expands its 5G Roaming coverage in Europe with Belgium, Luxemburg, Spain, France to serve more Filipino travelers. Latvia, Netherlands and Austria are also expected to make the list in the coming weeks, bringing the number of Globe 5G roaming-ready countries to 40.Outbound Globe customers can now enjoy 5G Roaming through the following telecom partners: Belgium (Proximus), Luxembourg (Tango), Spain (Telefonica), and France (Bouygues). Likewise, visiting subscribers of Belgium’s Proximus, Luxembourg’s Tango, Spain’s Telefonica and Netherlands’ KPN may also enjoy the benefits of 5G Roaming while in the Philippines.Despite the pandemic, Globe continues to explore more partnerships in different parts of the world. This will ensure th...

Jan272022 by Digicast NegrosNo Comments

Pontevedra farmers receive crop insurance benefits

Business

Capitol photoA total of 428 farmers of Pontevedra, Negros Occidental, received P1,978,235 in crop insurance through the Negros First Universal Crop Insurance Program (NFUCIP), Wednesday, January 26.Fourth District Board Member Jose Benito Alonso, Pontevedra Mayor Jose Maria Alonso, together with Office of the Provincial Agriculturist OIC, Dr. Dina Genzola, led the distribution to the beneficiaries in the town’s municipal gym, a press release from the Capitol said.The Agri-Fishery Insurance Program is a joint initiative between the Province of Negros Occidental through the OPA, and the Philippine Crop Insurance Corporation (PCIC), which aims to protect and insure agricultural crops of Negrense farmers.The provincial government regularly provides funds to support this program...

Jan272022 by Digicast NegrosNo Comments

Philsutech bares schedule of mid-year technical courses

Business

Philsutech President Jose Maria R. Valmayor*In line with its goal of providing continuing education for its members on the different facets of sugar production technology, the Philippine Sugar Technologists Association (Philsutech) announced Wednesday, January 26, the schedule of its mid-year technical courses for Fiscal Year 2021-2022.The Farm Tour and Seminar, which is the most popular activity among Philsutech members, is tentatively on March 3 and 4. Spearheading the activity is Agriculture and Farm Engineering Division Vice President and Director Elsie A. Monteclaro (Manager, Alliance of Sonedco Planters Kabankalan), a press release from Phisutech said.On April 21 and 22, the Bioenergy and Environmental Management Division, headed by Vice President and Director Sherryl Ann...

Jan252022 by Digicast NegrosNo Comments

Globe wins Ethical Boardroom’s Best Corporate Governance award for Telecoms in Asia

Business

Globe was awarded Best Corporate Governance (CG) in Asia by London’s Ethical Boardroom under the Telecoms category, with Globe emerging as the only Philippine company to make it to the list of awardees this year.This is the second consecutive year that Globe has been awarded the title of Best Corporate Governance by the London-based digital magazine. Ethical Boardroom is a bi-monthly publication that delivers in-depth coverage and critically astute analysis of global governance issues.“We are honored to receive this recognition for two years in a row. To continuously earn the trust of all our stakeholders, especially our customers, corporate governance is deeply embedded in our business operations and corporate culture. We are very happy that all our efforts in maintaining good cor...

Jan202022 by Carla P. GomezNo Comments

Ceneco January rates down by P1.1771/kWh

Business

Central Negros Electric Cooperative announced Wednesday, January 19, that its average residential rate for January is P7.5990/kWh, a decrease of P1.1771/kWh, from last month’s rate of P8.7761/kWh.The P1.1771/kWh rate decrease was attributed to the reduction in generation, transmission and system loss charges and the implementation of August 2021 WESM power bill reduction amounting to P183.225 million net of Value Added Tax among other factors, Jose Taniongon, Ceneco OIC officer general manager, said in a press release.The WESM reduction was due to a Energy Regulation Commission letter dated Sept. 20, 2021 to mitigate the impact of the outage of Cebu-Negros submarine cable, he said.*

Jan172022 by Digicast NegrosNo Comments

OVY leads Southern Star Bus annual stockholders’ meeting

Business

Yanson matriarch Olivia V. Yanson (OVY) led the annual election of another of the family's bus companies on Monday, January 17.The stockholders of Southern Star Bus Transport Inc. (SSBTI) re-elected as directors OVY, Leo Rey Yanson, Ginnette Y. Dumancas, Charles M. Dumancas and Arvin John V. Villaruel, a press release from the firm said.Following the election of the directors, the board held an organizational meeting wherein Leo Rey was re-appointed as chairman of the board and president of SSBTI, while OVY was re-appointed as SSBTI’s corporate secretary and treasurer, the statement said.On January 15 and 16, OVY and Leo Rey also led the election of directors and officers in sister companies Mindanao Star Bus Transport Inc. (MSBTI) and Bachelor Express Inc. (BEI).On Decembe...

Jan162022 by Digicast NegrosNo Comments

Yanson matriarch, son lead two Mindanao bus firms

Business

Bachelor Express Inc. (BEI) held its annual stockholders’ meeting with family matriarch Olivia V. Yanson (OVY) heading the board election Sunday, January 16.During the meeting OVY, Leo Rey V. Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Rey C. Ardo, Arvin John V. Villaruel, Anita G. Chua, Daniel Nicolas P. Golez, Hernan B. Omecillo, Danny O. Lorenton, and Alfredo O. Ligo, Jr. were re-elected as members of BEI’s Board of Directors, a press release said.BEI is a public transport firm plying the routes of Mindanao.Following the election of the directors, the Board held an organizational meeting wherein Leo Rey was re-appointed as chairman of the board and president of BEI, while OVY was re-appointed as BEI’s corporate secretary and treasurer.OVY was appointed last year b...