Friday, October 2

Business

GCash makes investing in Arthaland follow-on offering more accessible with GStocks PH

GCash makes investing in Arthaland follow-on offering more accessible with GStocks PH

Business
Arthaland Corporation’s Series G and H preferred shares will be offered from September 14 to 25  with annual dividends up to 7.8 percent.*Retail investors in Negros can now participate in Arthaland Corporation’s (ALCO)  Series G and Series H preferred share offering directly through GStocks PH via the GCash app.Offered by broker AB Capital Securities Inc., the shares are priced at ₱500 each. The Series G shares (ALCPG) offer a dividend rate of 7.3260 percent per annum, while the Series H shares (ALCPH) carry a dividend rate of 7.8105 percent per annum, subject to the terms and conditions of the issue.Preferred shares generally pay fixed dividends and grant holders priority over common shareholders when distributions are made, a press statement from GCash said Tuesday,...
BIR removes VAT on system loss charge

BIR removes VAT on system loss charge

Business
PNA/Yancy Lim photo The Bureau of Internal Revenue (BIR) issued a memorandum circular on Monday,  Sept. 14, removing the value-added tax (VAT) on the allowable system loss charge within the cap approved by the Energy Regulatory Commission (ERC).Memorandum Circular No. 97-2026 circularizes ERC Resolution No. 26 and formally recognizes the allowable system loss charge within the ERC-approved cap as a government-mandated charge excluded from gross sales for VAT purposes.The BIR said it is therefore not subject to output VAT and creditable withholding on VAT.The exclusion, however, does not extend to income tax and the corresponding creditable withholding tax.The BIR said the removal of the VAT on system is in line with President Ferdinand R. Marcos Jr.’s directiv...
Nat’l government agencies deliver ₱261.5M in aid, services to Negrenses on Marcos’ birthday

Nat’l government agencies deliver ₱261.5M in aid, services to Negrenses on Marcos’ birthday

Business, Top Stories
The distribution of aid at the Capitol Park and  Lagoon in Bacolod City*Ronnie Baldonado photoMultiple national government agencies gathered at the Capitol Park and  Lagoon in Bacolod City and key sites across Negros Occidental to deliver essential public services and over ₱261.5 million  in aid  to Negrenses as part of the "Handog ng Pangulo: Serbisyong Sapat Para sa Lahat" initiative on Monday, Sept. 14.The  "Handog ng Pangulo: Serbisyong Sapat Para sa Lahat"  was a nationwide activity held  as  President Ferdinand Marcos marked his 69th birthday,The multi-agency event accounted for a total allocation of over ₱261.5 million in turned-over funds, projects, equipment  and financial assistance benefiting thousands of residents, farmers, st...
CEO defends ₱3.7M footbridge cost;  20-year lifespan, community impact cited

CEO defends ₱3.7M footbridge cost;  20-year lifespan, community impact cited

Business, Top Stories
Mayor Greg Gasataya and City Engineer’s Office (CEO) representatives  inspected the newly rehabilitated footbridge connecting Barangay Singcang-Airport and Barangay 35 on Monday, September 14.Gasataya highlighted the structural reliability of the project, which benefits thousands of daily commuters, particularly students traveling to nearby downtown schools, a press release from the Bacolod City Communications Office said.“The structure is crucial for residents here. Based on the assessment of the City Engineer’s Office, it can withstand up to 20 years. The funds allocated upon the request of residents will definitely benefit both Barangay Singcang-Airport and Barangay 35,” Gasataya said.The mayor was welcomed by City Councilor and former Punong Barangay Caesar Distrito, c...
More than 31K Dumaguete residents to get rice aid under BBMP

More than 31K Dumaguete residents to get rice aid under BBMP

Business, Top Stories
Mary Judaline Partlow file photoSome 31,900 residents of Dumaguete City have been identified to receive 10 kilos of government rice each under the Bawat Bayan Makikinabang (BBMP) program funded through the Local Government Support Fund (LGSF), an official said.Lilibeth Filipinas, chief of the City Social Welfare and Development Office (CSWDO),  said that 1,776 beneficiaries will receive their rice assistance during the “Handog ng Pangulo: Serbisyong Sapat Para sa Lahat” service caravan on Monday, Sept. 14.“The beneficiaries during the Handog ng Pangulo are from Barangays 1 to 7. The rest of the beneficiaries from the city’s 30 barangays will receive their free rice during subsequent distribution activities,” Filipinas said.Meanwhile, the Department of Social Welfare an...
NOCPPO named top performing police unit in PRO-NIR scorecard

NOCPPO named top performing police unit in PRO-NIR scorecard

Business, Top Stories
The Negros Occidental Police Provincial Office was named the top performing police unit under the Police Regional Office-Negros Island Region’s Bottom-up Balanced Scorecard System.NOCPPO Provincial Director Col. Dennis Wenceslao received the award on behalf of the provincial police command, Sept. 7.The scorecard evaluates police units based on key performance areas including operational readiness, community engagement, crime prevention and implementation of police programs.PRO-NIR said NOCPPO ranked highest among the provincial and city police offices in the region under the assessment.Wenceslao credited the recognition to the collective work of personnel across the provincial police office.“This award belongs to every officer and staff of NOCPPO,” Wenceslao said.He...
Bacolod SP backs Albee’s call for congressional inquiry into Visayas power interruptions

Bacolod SP backs Albee’s call for congressional inquiry into Visayas power interruptions

Business, Top Stories
The Sangguniang Panlungsod of Bacolod City has approved a resolution expressing its full support, and that of the people of Bacolod, for the initiative of Deputy Speaker Alfredo “Albee” B. Benitez calling for a congressional inquiry into the recurring power interruptions, rotational brownouts, and red and yellow alerts affecting Negros Island and the entire Visayas, Councilor Ceasar Distrito said Thursday, Sept. 10.Authored by Distrito, the resolution urges the House Committee on Visayas Development, the House Committee on Energy, and other appropriate congressional committees to conduct hearings at the earliest opportunity and pursue legislative and policy measures toward a reliable, adequate and affordable electricity supply.Distrito, in a press release,  said the repeated p...
Negros Occidental Capitol suspends work following shooting threat

Negros Occidental Capitol suspends work following shooting threat

Business, Top Stories
The provincial government employees at the Capitol going home after work was suspended Wednesday afternoon.* Barbara Mijares photoGov. Eugenio Jose Lacson ordered the immediate suspension of work across all offices inside and surrounding the Negros Occidental  Provincial Capitol on Wednesday afternoon, Sept. 9, following an alleged  direct shooting threat targeted at government personnel.The emergency shutdown was prompted by a security breach involving a private  individual who allegedly threatened to shoot provincial government workers, the governor’s memorandum said.In issuing the order, Lacson emphasized that the immediate danger posed to staff, officials, and visitors demanded paramount consideration, noting that the incident had already severely disrupted t...
Negros Oriental enforces hog price cap amid ASF cases

Negros Oriental enforces hog price cap amid ASF cases

Business
Negros Oriental’s provincial government has ordered strict enforcement of the price ceiling on live hogs, piglets, and pork to prevent confusion and ensure fair prices for hog raisers, suppliers, and the general public.Vernon Lumbania, acting chief of the Provincial Veterinary Office (PVO), said on  Tuesday that the directive followed a meeting with Governor Manuel Sagarbarria and other provincial officials, amid reports of varying price ceilings set by local government units (LGUs).“We were ordered to print tarpaulins bearing the price ceilings, as suggested in an executive order issued by the governor to avoid the ‘chaos’ caused by varying price caps,” Lumbania said.On Aug. 1, the governor issued an order to regulate the prices of hogs (live weight), piglets, and pork (b...
Sugar Group: SRA forecast an admission of failure of its own RSSI solutions

Sugar Group: SRA forecast an admission of failure of its own RSSI solutions

Business, Top Stories
RSSI hit sugarcane*SRA file photoA nationwide multi-sectoral group of sugarcane producers and workers slammed the Sugar Regulatory Administration (SRA) on Tuesday, Sept. 8, calling its dismal production forecast a “complete admission of failure” of its own pest control programs.The group, in a press statement, rejected the SRA’s claim that the projected drop in raw sugar output for Crop Year 2026–2027 is due mainly to the Red-Striped Soft Scale Insect (RSSI) infestation, pointing instead to deeper economic and policy missteps.Their statement follows a BusinessMirror report on September 4, 2026, where SRA Administrator Pablo Luis Azcona projected raw sugar output for Crop Year 2026–2027 to sink to a 20-year low of 1.662 million metric tons (MMT).While Azcona blamed the drop ...
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