Tuesday, October 27

Business

Vicmico planters group, coop provide P1B assistance, services to members

Vicmico planters group, coop provide P1B assistance, services to members

Business
The Vicmico Planters Association Inc. and its cooperative continue to extend various services and implement support programs for its hundreds of members who are mostly agrarian reform beneficiaries, its press release said Tuesday, September 28.The Vicmico PAI, one of the biggest planters' groups in Negros Occidental, released incentives, facilitated bank loans and cash advances, quedan financing, fertilizer assistance and made available farm equipment and other farming implements for use of planter-members, among others, amid the difficulties triggered by the slowing down of economic activities since the declaration of the COVID-19 pandemic early last year, association president Aurelio Valderrama Jr. and chairman Jose Ma. Montinola, said.Close to P1 billion in services, investment...
Consumer group reiterates opposition to AGMA

Consumer group reiterates opposition to AGMA

Business
Consumer group Power Watch Negros Advocates Inc. reiterated its opposition Friday to the holding of the Central Negros Electric Cooperative’s 43rd Annual General Membership Assembly (AGMA) on Sunday, September 26.The Power Watch members, in a position paper released by Wennie Sancho, said they refuse “to amend, rescind and ratify any document or legal instrument in this AGMA which we declare to be illegal.”They stressed in the position paper that the AGMA “violates the basic principle of the parliamentary procedure,” claiming that the assembly “was hastily, ineptly and badly prepared.”“It does not provide processes through which the consumers can discuss and work out satisfactory solutions to the greatest number of questions in the least of time. More importantly, on the sudden...
Strong public-private partnership necessary amid pandemic: Bing

Strong public-private partnership necessary amid pandemic: Bing

Business
City PIO photoMayor Evelio Leonardia underscored the need for a strong public-private partnership amid the continued threats posed by the COVID-19 pandemic to Bacolod City residents.Leonardia made the pitch when he recently met with officials of the Negros Occidental Filipino-Chinese Amity Club and Amity Volunteer Fire Brigade at the Amity Building Social Hall, a press release from his office said.Amity Club Chairman Roger Yap and Corporate Secretary Crispin Chua as well as John Sugon, deputy of fire service, and Renato Rumel Rojo, deputy of emergency medical service, were present.Also in attendance were the volunteers and trainees of the group.Leonardia was joined by City Development Council Vice Chairman George Zulueta.Leonardia shared with the Filipino-Chinese g...
EDC convenes net zero carbon business alliance

EDC convenes net zero carbon business alliance

Business
The Energy Development Corporation (EDC) has launched a multi-sectoral movement toward attaining net zero carbon emissions among businesses in the Philippines, with Silliman University in Dumaguete City among its pioneer partners.Dubbed the Net Zero Carbon Alliance, EDC is spearheading the movement for the country to become carbon neutral, in line with the Department of Energy’s (DOE) goal to reduce carbon emissions by as much as 75 percent as part of the government’s Nationally Determined Contributions to the landmark global COP 21 Paris climate change agreement, a press release from the firm said.“We are putting into action our revitalized mission in the Lopez Group to ‘forge collaborative pathways for a decarbonized and regenerative future’ by seeking partnerships and synergies ...
VICMICO PAI still faces blank wall as VMC stays mum on 3 key issues

VICMICO PAI still faces blank wall as VMC stays mum on 3 key issues

Business, Top Stories
The VICMICO Planters' Association Inc. continues to face a blank wall as the management of Victorias Milling Co. remains mum on three key issues raised by one of the major planters' groups in Negros Occidental since July this year.Aurelio Valderrama Jr., president of the 1,500-strong VICMICO PAI, reiterated in a press release Tuesday, September 21, that the mill management has yet to respond to the issue on the 0.50 percent it owed the association representing its share on sugar and molasses for weekending Sept. 9 to Dec. 2, 2018 that was computed at P2,073,068.The other concerns that Valderrama's group had asked the mill management to address were the price difference of 0.30 percent as its share on sugar and molasses for the weekending Dec. 9, 2018 to May19, 2019 and the whole of...
Stop importation of molasses or P5.8B will be lost: PASON

Stop importation of molasses or P5.8B will be lost: PASON

Business, Top Stories
A sugar planters group is calling on Agriculture Secretary William Dar to stop the country's importation of molasses or put a cap on it to the volume needed only if there is a shortage.Planters’ Association of Southern Negros (PASON) president, Jesus Adrian Campos Jr., in a letter to Dar, said the continued importation of molasses allowed by the Sugar Regulatory Administration (SRA) has resulted in the sharp decrease of the prices of molasses, from a high of P14,000 per ton to P9,000 per ton in Crop Year 2020-21, a big drop of P5,000 per ton.“If this policy of SRA will continue, the sugar producers, both millers and farmers, will stand to lose P5.8 billion for crop year 2021-2022, assuming that the sugar industry will produce the same volume of 1,161,240 tons that it produced last ...
Ten lawmakers push  for power rate inquiry, mayor seeks ERC help

Ten lawmakers push for power rate inquiry, mayor seeks ERC help

Business, Top Stories
Ten lawmakers are pushing for a congressional inquiry on the increases in electricity rates in Negros Occidental and Iloilo, while Bacolod Mayor Evelio Leonardia is appealing to the Energy Regulatory Commission (ERC) to act on the matter that has been exacerbated by a damaged National Grid Corporation of the Philippines submarine cable.Seven Negros Occidental and three Iloilo lawmakers are calling for an inquiry on the increase of the power rates of the electric cooperatives in their areas, Rep. Francisco “Kiko” Benitez (Negros Occidental, 3rd District) said Friday, September 17."We want to determine what is causing the increase in electricity rates and what we can do to minimize the cost on consumers. We want to ease the financial burden of our constituents at a time when business...
Ceneco September rates down by 11 cents per kWh

Ceneco September rates down by 11 cents per kWh

Business, Top Stories
Central Negros Electric Cooperative announced on Friday that its average residential rate for the billing month of September is P12.2602/kWh, a decrease of P0.1122/kWh, from last month’s rate of P12.3724/kWh.The P0.1122/kWh rate decrease can be attributed to the reduction in generation, transmission, system loss charges and other pass through charges such as Lifeline and Senior Citizens Discount, GRAM ICERA adjustment and VAT, Danny Pondevilla, CENECO acting general manager, said in a press release.The pass-through charges equivalent to P11.0736/kWh of the total power rate include the Generation and Transmission charges, ERC-approved adjustments, government subsidies and taxes. Only P1.1866/kWh of the power rate goes to CENECO through Distribution, Supply, Metering (DSM) Charges an...
Globe empowers over 85M customers, encourages help for community partners

Globe empowers over 85M customers, encourages help for community partners

Business
Globe is celebrating National G Day or 917 Day a little differently this year. As a way of giving back to the community, Globe is encouraging its customers to support various advocacies and communities.Together with Globe’s over 85 million customers nationwide, it hopes to pass on the rewards to communities who have been greatly affected by the pandemic, a press release from the firm said.Bianca Wong, Head of Globe’s Feel Valued Tribe, said “Every year, we make this celebration meaningful for our customers, but as the local situation progresses, we want to extend the rewards to our communities, as well. By providing unique experiences for our customers, we can help uplift their lives and the wider community we live in.”Friday, September 17 or 917 is the time of the year when Gl...
Ceneco eyes amending by-laws

Ceneco eyes amending by-laws

Business
The board of the Central Negros Electric Cooperative is proposing to amend the utility firm’s articles of incorporation and by-laws.This will be tackled during its 43rd Annual General Membership Assembly (AGMA) on September 26.The proposed amendment, a copy of which was released by Ceneco Thursday, September 16, included the membership requirements, fee, and rights of the members.Also highlighted in the proposal were the duties and functions of the members of the board of directors, who were recommended to set the overall goals and objectives of the cooperative with the National Electrification Administration’s program thrusts and directions.The proposed amendments also stressed that no person should be elected as a director unless he or she has met all the qualifications a...
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