Wednesday, February 18

Business

Sea trips resume in Northern Negros Occidental except one route

Sea trips resume in Northern Negros Occidental except one route

Business, Top Stories
The Philippine Coast Guard (PCG) – Northern Negros Occidental has announced the resumption of sea travel in northern Negros ports as of Wednesday morning, November 5, following the improved weather conditions brought by the exit of Typhoon “Tino” from the Philippine Area of Responsibility.According to their Sea Travel Advisory No. 25, all scheduled trips from ports in the northern portion of Negros Occidental bound for Tabuelan, Toledo City, and Bantayan (Cebu), Dumangas, Iloilo City, Ajuy, Estancia, and Guimaras, and vice versa, have been allowed to resume operations.However, in a succeeding Advisory No. 26 issued at 11 a.m., the PCG clarified that voyages of MV Halili from the Manta-angan Port in E.B. Magalona bound for Bay-ang Port in Ajuy, Iloilo remain temporarily cancelled du...
Thousands preemptively evacuated in Neg. Occ., Bacolod as ‘Tino’ nears

Thousands preemptively evacuated in Neg. Occ., Bacolod as ‘Tino’ nears

Business, Top Stories
Preemptive evacuation in Isabela, Negros, Occidental, Monday afternoon.* Mayor Miguel Angelo Yulo Facebook pageThousands of Negrenses and Bacolodnons were preemptively evacuated  Monday, Nov. 3, as Typhoon “Tino” intensified.Negros Occidental and Bacolod  City were both under red alert as the  Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) hoisted Signal No. 4,  No. 3, and No. 1  over various parts of the province.Negros Occidental Gov. Eugenio Jose Lacson and Bacolod Mayor Greg Gasataya called on residents to comply with calls for preemptive evacuation for their own safety.Bacolod has identified flood-prone and coastal barangays to be covered by the preemptive evacuation considering the strength of typhoon, Gasataya said.All Baco...
Manjuyod declares state of calamity, too 

Manjuyod declares state of calamity, too 

Business, Top Stories
 The polluted waters of Manjuyod in Negros Oriental.* Romeo Subaldo photo The Municipality of Manjuyod in Negros Oriental has declared a state of calamity following the pollution caused by  the collapse of the waste water lagoon wall of the URC Bais Distillery, its Sangguniang Bayan announced on Monday, Nov. 3. The declaration shall remain in effect for 90 days, unless lifted or extended upon the recommendation of the Local Risk Reduction and Management Council, based on its assessment and validation of the environmental condition, it said. The Bais Sangguniang Panlungsod that also  earlier declared a State of calamity, stating that  the consequences of this disaster have severely impacted...
DENR leads multi-agency response to N. Oriental wastewater spill

DENR leads multi-agency response to N. Oriental wastewater spill

Business, Top Stories
Water quality testing in 13 stations across the coastal area of Bais City, Negros Oriental.* Photo courtesy of Bais City-PIOThe Department of Environment and Natural Resources (DENR) has mobilized a team with partner government agencies and local government units (LGUs) to contain and assess the impact of a massive wastewater spill in Bais City, Negros Oriental.Some 255,000 cubic meters of molasses wastewater that leaked into Bais Bay on Oct. 26 from the Universal Robina Corporation (URC) ethanol distillery plant are posing a serious threat to marine life within the Tañon Strait Protected Seascape.Bais has declared a state of calamity.“Initial water quality assessments conducted by the DENR-Environmental Management Bureau (EMB) indicate low levels of dissolved oxygen in aff...
BFAR warns versus consuming fish from areas hit by URC distillery spill

BFAR warns versus consuming fish from areas hit by URC distillery spill

Business, Top Stories
Dead fish in Manjuyod after the waste water spill.*photo courtesy of MarGale Bancairen Facebook pageThe Bureau of Fisheries and Aquatic Resources (BFAR) has advised against collecting and consuming dead fish and other aquatic organisms from the coastal waters of Bais and Manjuyod in Negros Oriental.This is a health precaution, as the dead aquatic life may contain harmful pathogens, chemicals, and pollutants that pose risks to human health, BFAR 7 Regional Director Mario Ruinata said in an advisory Tuesday, which was released to the media on Wednesday.Ruinata issued the advisory following the collapse of a wall of the 20-hectare wastewater lagoon of the Universal Robina Corporation (URC) Bais Distillery in Bais City, Negros Occidental, on Sunday.The collapse caused the waste...
Fuse Financing Inc. highlights the importance of co-lending and funding partnerships in scaling credit access to the unbanked

Fuse Financing Inc. highlights the importance of co-lending and funding partnerships in scaling credit access to the unbanked

Business
Chief Financial Officer of Fuse, Gabby Lacuesta explaining about building confidence in the reliable and effective end-to-end lending system of GCash—covering acquisition, underwriting, collections, and recoveries—is the key to securing funding partnerships.Fuse Financing, Inc., the lending arm of the Philippines’ leading finance super app and largest cashless ecosystem GCash, underscored the importance of innovative financing structures at the 5th Asia Finance Forum, hosted by the Asian Development Bank (ADB) at its headquarters in Manila.The forum highlighted a critical industry pain point: fintech companies face capital constraints that limit their ability to scale, as traditional debt markets remain restrictive. This bottleneck slows progress in extending credit to the underban...
Mynt CEO Martha Sazon named among Fortune’s 100 Most Powerful Women in Asia 2025

Mynt CEO Martha Sazon named among Fortune’s 100 Most Powerful Women in Asia 2025

Business
Recognized for the second consecutive year, Sazon is lauded for her transformative leadership and initiatives that drive positive change and financial inclusion for FilipinosFor her transformative leadership and unwavering commitment to financial inclusion, Martha Sazon, the president and CEO of Mynt, the parent company of GCash, has once again been recognized as one of Fortune’s Most Powerful Women in Asia 2025. This marks the second consecutive year she has earned a place on the prestigious list, which honors the most influential women shaping the future of the region across industries, including business, science, entertainment, and sports.Martha Sazon, President and CEO of Mynt, the parent company of GCash, named among Fortune’s 100 Most Powerful Women in Asia fo...
Protection for Every Filipino: GCash and BPI MS launch accident insurance on GInsure for everyday commuting

Protection for Every Filipino: GCash and BPI MS launch accident insurance on GInsure for everyday commuting

Business
Commuting is a daily routine shared by millions of Filipinos, often filled with long rides and unpredictable moments. To provide peace of mind on these journeys, GCash, through its in-app digital insurance platform GInsure, has partnered with BPI MS Insurance to launch PasaHERO Protect, an affordable and inclusive accident insurance that covers all forms of public transport* including jeepneys, buses, trains, and even motorcycles used in ride-hailing services like TNVS (Transport Network Vehicle Services) within the Philippines.In addition, the policy’s double indemnity feature for accidents that occur on public transport aims to offer even more peace of mind.Available through the GCash app, PasaHERO Protect provides Filipinos with up to Php 500,000 in the event of death or per...
$250M wind farm to rise in Bago

$250M wind farm to rise in Bago

Business, Top Stories
Seven villages have been identified as the location of the proposed 150-megawatt wind power project of Bago-Negros Energy Corp. in Bago City, Negros Occidental.The areas — Calumangan, Napoles, Taloc, Sampinit, Busay, Balingasag and Lag-asan — have been identified in the notice of public scoping set on Oct. 28 released by the Department of Environment and Natural Resources’ (DENR) Environment Management Bureau (EMB) in Negros Island Region."Public scoping is an early stage in the environmental impact assessment (EIA) process where the proponent aims to provide an overview of the proposed project, gather issues and concerns, and other relevant information to provide the scope of work and terms of reference for the preparation of the environmental impact statement," the EMB-NIR said i...
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