Tuesday, June 23

Business

GCash Parent Mynt Authorizes Filing for Potential Initial Public Offering on Philippine Stock Exchange

GCash Parent Mynt Authorizes Filing for Potential Initial Public Offering on Philippine Stock Exchange

Business, Press Release
Mynt, Inc. (“Mynt” or the “Company”), the fintech pioneer behind the Philippines’ number one finance superapp GCash, today announced that its Board of Directors (the “Board”) and shareholders have authorized the Company’s filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange, Inc. (PSE) in connection with a potential initial public offering (IPO), with the following terms:‍The offer will be equivalent to 12.0% of Mynt’s total outstanding capital stock post-IPO ("Firm Shares"), with each common share having a par value of P0.03 per common share.Firm Shares will consist of both primary and secondary offers.‍This same information has been disclosed by Globe Telecom, Inc. in ac...
Guv to meet blue crab industry stakeholders

Guv to meet blue crab industry stakeholders

Business, Top Stories
Blue crabs in EB Magalona, Negros Occidental.* Ronnie Baldonado photoNegros Occidental Gov. Eugenio Jose Lacson said on Tuesday, June 16, that he is aiming to meet with the blue crab industry stakeholders by the end of this month or early July to discuss the United States ban on their products.Lacson said he is waiting for the Bureau of Fisheries and Aquatic Resources (BFAR) to prepare the protocols, which could help convince the United States to reopen its market to Philippine blue crabs.“I will know by then if we are addressing it properly,” said Lacson, who has asked BFAR for a report on the required protocols.It is also vital that the stakeholders attend the meeting, Lacson added.A Sangguniang Panlalawigan resolution passed last week clarified that the restriction w...
92.42% of local governments in NIR 2025 Good Financial Housekeeping passers

92.42% of local governments in NIR 2025 Good Financial Housekeeping passers

Business, Top Stories
A total of 61 out of 66 local government units (LGUs) in the Negros Island Region passed the 2025 Good Financial Housekeeping (GFH) Assessment, yielding a 92.42 percent regional passing rate, the Department of the Interior and Local Government (DILG) announced Tuesday, June 16.The passers include the provinces of Negros Occidental, Negros Oriental and  Siquijor, the highly urbanized city of Bacolod, 16 component cities, and 41 municipalities, reflecting the region’s steadfast commitment to sound financial management and good governance, the DILG NIR  said.The DILG  said 13 cities in Negros Occidental and 4 cities in Negros Oriental were among the passers.The recognized cities include Bacolod, Bago, Cadiz, Escalante, Himamaylan, Kabankalan, La Carlota, Sagay, San Carlos, Si...
101 hired on the spot at DOLE job fairs in NIR

101 hired on the spot at DOLE job fairs in NIR

Business, Top Stories
The job fair in Bacolod City* DOLE NIR photoA total of 101 applicants were hired on the spot during the Department of Labor and Employment (DOLE) Trabaho Agad Job Fairs in the Negros Island Region on Independence Day, Friday, June 12.Of those hired, 44 were from Negros Oriental and 57 were from Negros Occidental, DOLE announced on Monday.The fairs served as platforms for job seekers— particularly fresh graduates, first-time applicants, and individuals seeking better career moves - to connect directly with employers and access jobs, the DOLE said.The job fairs were conducted simultaneously at Robinsons Place Dumaguete for job seekers in Negros Oriental, and at SM City Bacolod for those in Negros Occidental.In Negros Oriental, 10 participating employers offered  800 ...
PhilExport Negros urges immediate intervention as US crab ban threatens thousands of livelihoods

PhilExport Negros urges immediate intervention as US crab ban threatens thousands of livelihoods

Business, Top Stories
The livelihoods of fishermen, like this one in EB Magalona, will be affected by the ban.*Ronnie Baldonado file photoThe Philippine Exporters Confederation Inc. (PhilExport) Negros Chapter  on Friday, June 12, said the decision by U.S. authorities to suspend the importation of Philippine crabmeat products threatens the livelihood of thousands of workers and fishing communities across the country, including those in Negros Occidental.PhilExport Negros Chapter, in a statement, called for immediate engagement between Philippine and U.S. authorities to clarify and resolve the issues that led to the suspension.Effective June 11, the United States National Marine Fisheries Service, pursuant to the Marine Mammal Protection Act, closed the U.S. market to Philippine blue swimming cr...
DOLE awards SPES pay share to 181 students in Negros Occidental

DOLE awards SPES pay share to 181 students in Negros Occidental

Business, Top Stories
Some of the beneficiaries of the Department of Labor and Employment-Special Program for Employment of Students from Silay City, Negros Occidental.*PNA/Nanette L. Guadalquiver photoA total of 181 college students from three local government units (LGUs) in Negros Occidental received a total of PHP847,248 in salary share from the Department of Labor and Employment-Special Program for Employment of Students (DOLE-SPES) on Friday, June 12.The payout of wages was held during the opening activity of the 2026 Trabaho Agad Job Fair in celebration of the 128th Philippine Independence Day at SM City Bacolod.In her message, DOLE-Negros Occidental Officer-in-Charge Gretchen Pasiolan said the release of the agency's share for the SPES wages is part of its continuing commitment to employment...
CENECO release audited financial reports post-Negros Power sale sought

CENECO release audited financial reports post-Negros Power sale sought

Business
Councilor Wilson Gamboa*The Bacolod Sangguniang Panlungsod (SP) is urging the management of Central Negros Electric Cooperative (CENECO), to provide the SP and its consumers-members-owners copies of audited financial reports from the time CENECO sold its power assets to Negros Electric and Power Corporation (Negros Power).The SP on Wednesday, June 10, approved  a resolution authored by Councilor Wilson Gamboa,  requesting CENECO Acting General Manager Arnel Lapore and Board President Dwight Agsam Carbon to provide the audited financial reports to the Bacolod SP and to make public all information available to CENECO's consumers-members-owners.The resolution cited that since the Negros Power took over the operation of CENECO on July 31, 2024, its consumers-members-owner...
NegOcc Provincial Board urges national gov’t action over devastating U.S. ban on blue swimming crab

NegOcc Provincial Board urges national gov’t action over devastating U.S. ban on blue swimming crab

Business, Top Stories
Crab meat pickers in Barangay Tomongtong, EB Magalaona.* Ronnie Baldonado file photoThe Sangguniang Panlalawigan (SP) of Negros Occidental has issued an urgent call for national government intervention following the closure of the United States market to Philippine blue swimming crab products, Board Member Hope Marey Depasucat  said Thursday, June 11.The provincial board in  a resolution, authored by Depasucat, expressed "deep concern" over the immediate economic fallout threatening thousands of local fishers, crab meat pickers, and processing plant workers.The market closure, enforced by the U.S. National Marine Fisheries Service under its Marine Mammal Protection Act, took effect on Thursday, June 11.The SP resolution said  the restriction was not imposed ...
TUPAD payout, job fair to highlight Independence Day celebration

TUPAD payout, job fair to highlight Independence Day celebration

Business, Negros Oriental, Top Stories
Beneficiaries of the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD) in Negros Oriental await the distribution of their wages at the Macias Sports Center in Dumaguete City, Negros Oriental, in this undated photo. *PNA/JFP file photoA government assistance payout and a job fair will highlight this year’s celebration of Independence Day in Dumaguete City, officials said on Wednesday.Ma. Socorro Mira, Public Employment Services Office (PESO) chief, said the local government of Dumaguete and the Department of Labor and Employment (DOLE) in Negros Oriental are co-hosting this year’s 128th Independence Day activities.“The job fair at the Robinsons shopping mall will involve 12 employers with a total of 1,400 vacancies,” Mira said.Of the total, two are over...
Ledesma prepared to personally fund airport for NegOcc 1st District

Ledesma prepared to personally fund airport for NegOcc 1st District

Business, Top Stories
Rep. Julio Ledesma IV (Neg. Occ., 1st District)*Expressing frustration over national funding delays, Rep. Julio Ledesma IV (Neg. Occ., 1st District) on Thursday, June 10, declared his readiness to personally deploy ₱3.5 billion in private equity to construct the 1st district's long-awaited airport in San Calos City if the national government fails to fund it by 2028.Ledesma, who is seeking reelection in  2028,  said  he refuses to leave office without the infrastructure project secured, vowing to replicate the self-reliant "bootstrap" approach that has historically driven the district's major developments."If the President won’t fund our airport, I will do what we've always done — build it ourselves," Ledesma said, adding that he will not end his final term with...
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