Business

Dailies union president Teddy Danieles, right, and management panel chair Evan Soteco seal the agreement with a handshake.*The Department of Labor and Employment in Western Visayas commended the new collective bargaining agreements between San Miguel Brewery in Bacolod and its two employees’ unions during the signing ceremonies held in Talisay City, Negros Occidental, Monday, November 28.DOLE regional director Sixto Rodriguez said the SMB negotiations with PACIWU-TUCP- Bacolod Brewery Plant Chapter and the San Miguel Brewing Group-Bacolod Brewery Employees Union may be the fastest in the country because both were done in record-breaking 32 minutes, a press release from SMB said."This shows how both unions and management respect and trust the process and have recognized themselv...

The Securities and Exchange Commission-Bacolod extension office on Monday, November 28, warned the public against investing in Silverlion Livestock Trading Corp. or Silverlion Livestock Trading.The firm is selling/offering securities to the public with guaranteed earnings of 35 percent in just 15 days, or 2.3 percent daily.It also offers a special package to investors who park their investment of P400,000 within a period of 60 days, with a Ford Raptor or any car of his/her choice fully paid by the corporation, the SEC said.Silverlion Livestock Trading Corp. is a corporation duly registered with the commission with a principal address located in Zamboanga City.A cease and desist order was promulgated by the commission on November 17, directing it to immediately cease and des...

Rep. Emilio Yulo III*Rep. Emilio Yulo III (Neg. Occ., 5th District) said Sunday, November 27, that there is a lot of money in circulation in Negros Occidental now because of the good prices of sugar.“An estimated P1.2 billion is circulated each particular milling week,” said Yulo, who previously served as the planters’ representative on the Sugar Board.Previously it was only around P500 to P600 million circulating per milling week, he said.“Money circulating in Negros is as much as twice what it normally was,” he said.Millgate prices are at an average of P3,400 per 50 kilo bag of raw sugar, which had earlier even hit a high of P3,800, he said.“We are at the highest level probably in the history of the sugar industry,” Yulo said.“While we at present are enjoying ...

The four-day Negros Island Organic Farmers’ Festival sales hit P920,520.75, Provincial Agriculturist Edmundo Raul Causing said Sunday, November 27.The festival was held at the provincial Capitol grounds in Bacolod City from November 23 – 26.Sales on November 23 was P216,755.75, November 24 - P257,425. November 25 - P223,154 and November 26 - P223,186.Among the items that were on sale at the festival were fresh fruits and vegetables, processed food, plants, farm inputs and machinery, arts and crafts, traditional medicine, and numerous other organic products.*

The outstanding organic practitioners with Gov. Eugenio Jose Lacson, Board Member Andrew Montelibano, and Provincial Agriculturist Edmundo Raul Causing, during the 15th Negros Island Organic Farmers Festival Governor’s Night.*Richard Malihan photoSales on the first day of the 15th Negros Island Organic Farmers Festival at the Capitol grounds in Bacolod City hit P216,755, Provincial Agriculturist Edmundo Raul Causing said Thursday, November 24.The festival opened on Wednesday and will run until Saturday, November 26.Meanwhile, outstanding organic practitioners received certificates and cash prizes from Negros Occidental Gov. Eugenio Jose Lacson, Board Member Andrew Montelibano, and Causing during the festival’s Governor’s Night, on Wednesday.Butz Buerom of Bago City was Best...

Councilor Celia Flor authored the ordinance regulating vending * Bacolod SP photoThe Bacolod City government will start regulating vending to protect the vendors from being deprived of their source of livelihood.City Ordinance No. 1009 or the Ordinance Regulating Vending in the City of Bacolod, which was authored by Councilor Celia Flor, covers all vendors operating in Bacolod.Under the measure, vending shall be allowed in designated areas specified in this ordinance, thought it exempted registered vendors located inside public markets who have established business locations, have permits and are paying appropriate business taxes to the city government.Along with the certification, all vendors are required to wear identification cards prescribed by the Local Market Committe...

The Bacolod City government, on the initiative of the Bacolod Business Development and Investment Promotions Center, is holding a trade fair at the Ayala Malls Capitol Central activity center this week.Titled "Locally Yours", it is a pop-up exhibition of 21 participating start-up businesses offering various local products from Bacolod City.In partnership with the Metro Bacolod Chamber of Commerce and Industry and Ayala Malls Capitol Central, the fair aims to promote Micro, Small and Medium Enterprises and help them to benefit from the value-chain of large companies like Ayala Malls, a press release from the city Public Information Officer said.The trade fair in celebration of Bacolod Business Week will run until Friday, November 25.*

Gov. Eugenio Jose Lacson said on Monday, November 21, that he has not been officially notified by San Miguel Corporation's Reliance Energy Development Inc. (REDI) that it has withdrawn its plan to build a 300 MW liquefied natural gas (LNG) power plant in San Carlos City, Negros Occidental.“Personally I think it’s always a business decision just like when the company decided not to push through with a coal-fired power plant (in San Carlos) for certain reasons,” he said.Lacson said it is up to the firm to make an official announcement.Engineer William Cuñado, director of the Environment Management Bureau of the Department of Environment and Natural Resources, in a letter dated November 14 to the Center for Energy, Ecology, and Development, said the proponent decided not to pursue...

Diesel and gasoline prices are expected to drop on Tuesday, November 22, Unioil Petroleum Philippines said in its forecast on Saturday.It said diesel should go down by P2.10 to P2.30 per liter from November 22 to 28.Unioil also said it expects gasoline prices to go down by P0.80 to P0.90 per liter during the same period.On Tuesday, November 15, gasoline prices went up by P0.90 per liter and diesel prices dropped by P0.30 per liter.The November 15 price adjustment brought the year-to-date adjustment to stand at a net increase of P18.15 per liter for gasoline and P36 per liter for diesel.*