Tuesday, October 6

Business

DENR chief pushes accountable climate action, cites Philippines’ 75% emissions target

DENR chief pushes accountable climate action, cites Philippines’ 75% emissions target

Business
Environment and Natural Resources Secretary Juan Miguel T. Cuna* Net Zero Carbon Alliance photoEnvironment and Natural Resources Secretary Juan Miguel T. Cuna called for stronger coordination and accountable implementation of climate initiatives, stressing that efforts toward a low-carbon future must move beyond dialogue and translate into concrete action across the economy.Speaking before government officials, business and finance leaders, civil society representatives and development partners on Tuesday, Sept. 15,  Cuna said the Philippines must bridge the gap between climate ambition and actual implementation to deliver on its emissions-reduction commitments.“The Philippines has committed to a net emissions reduction and avoidance target of 75 percent for the period 202...
Protestors slam Marcos Jr. for being no different than father, cite continuing sugar crisis, poverty

Protestors slam Marcos Jr. for being no different than father, cite continuing sugar crisis, poverty

Business, Top Stories
Protestors marking the 54th anniversary of the declaration of Martial Law in Bacolod City on Monday, Ronnie Baldonado photoAbout 100 Negrenses  marked the  54th anniversary of the declaration of Martial Law by accusing President Ferdinand Marcos Jr. of being no different than his father, at a rally in front of the Bacolod City Government Center replica  in Bacolod  City on Monday, Sept. 21.Noli Rosales, secretary-general of Bayan Negros, said the vast majority of people in Negros continue to live in poverty amid a sugar industry crisis reminiscent of the Martial Law era under former President Ferdinand Marcos Sr.Rosales slammed government’s sugar importation, and  government’s failure to address the industry’s decline.He also said  land grabbi...
First Gen to supply 24 MW geothermal power to 10 Visayas ECs

First Gen to supply 24 MW geothermal power to 10 Visayas ECs

Business, Top Stories
 Atty. Allan Barcena, Net Zero Carbon Alliance Executive Director; Jerome Cainglet, President and Chief Operating Officer of Energy Development Corporation; DENR Secretary Juan Miguel Cuna; and Francis Giles Puno, President and Chief Operating Officer of First Gen Corp. Inc. (l-r)*  Net Zero Carbon Alliance photoFirst Gen Corp. will supply more than 24 megawatts (MW) of renewable baseload power to 10 electric cooperatives (ECs) in the Visayas under 15-year Power Supply Agreements (PSAs) forged following a competitive selection process.The power will come from First Gen’s Unified Leyte Geothermal Power facilities and will be supplied to the ECs on a 24/7 baseload basis, First Gen said in a media release.Among the 10 recipient cooperatives are Negros Oriental I Electric Cooperati...
GCash parent Mynt nakakuha na sang PSE approval para sa IPO

GCash parent Mynt nakakuha na sang PSE approval para sa IPO

Balita Hiligaynon, Business
Mas mangin hapos na ang pag-invest sa GCash para sa mga interesado nga Bacolodnon kag Negrosanon nga mga negosyante.Ini matapos gin-anunsyo sang Mynt Inc., ang parent company sang GCash, nga na-aprubahan na sang sang Philippine Stock Exchange (PSE) ang ginaplano sini nga initial public offering (IPO).Sa isa ka statement sang Setyembre 16, ginpahibalo sang Mynt nga nabaton sini ang pormal nga Notice of Approval halin sa PSE board of directors para sa pagtanyag sang shares sa publiko kag paglista sang common shares sini sa Main Board sang stock exchange.Nagsunod ang pag-apruba sa pag-file sang Mynt sang registration statement sa Securities and Exchange Commission (SEC). Ginapaabot ang transaksyon sa Oktubre, depende sa final nga regulatory clearances kag kahimtangan sang...
Progressive groups remember  Escalante massacre, say justice long overdue

Progressive groups remember  Escalante massacre, say justice long overdue

Business, Top Stories
A scene from the Escalante massacre* NFSW Facebook page photoProgressive groups led by Bagong Alyansang Makabayan (BAYAN) Negros and Mothers and Relatives of Victims of Tyranny (MARTYRS)  on the  41st anniversary of the Escalante Massacre in Negros Occidental  on September 20 paid tribute  to the 20 civilians “martyrs” killed during the 1985 protest.The victims were killed on September 20, 1985, when Philippine Constabulary forces and paramilitary units opened fire on a peaceful Welgang Bayan (People's Strike) demanding an end to the Marcos dictatorship, they said in a press statement.The fatal dispersal also left hundreds injured in front of the town center.They military  forces for attempting to suppress public commemorations and alter historical...
Nearly P11/liter fuel price hike seen next week

Nearly P11/liter fuel price hike seen next week

Business, Top Stories
PNA file photoDomestic fuel prices are likely to increase by as much as PHP10.50 per liter due to the sustained escalation of tensions in the Middle East.Citing price developments in the Asian market and the movement of foreign exchange as of Thursday, Jetti Petroleum president Leo Bellas, in a message to journalists on Friday, Sept. 18, said diesel prices are forecast to rise between PHP10 and PHP10.50 per liter and gasoline between PHP4.50 and PHP5 per liter. These figures are way higher than the PHP4.69 per liter hike in gasoline prices and PHP5.18 per liter for diesel this week, based on data released by the Department of Energy (DOE) on Tuesday. Kerosene also rose by PHP5.58 per liter. “Oil prices surged higher after attacks in the Strait of Hormuz and the ...
GCash parent’s planned IPO could open ownership opportunity for Negros investors

GCash parent’s planned IPO could open ownership opportunity for Negros investors

Business
Prospective investors in Bacolod City and Negros Occidental could have an opportunity to own shares in Mynt Inc., the parent company of GCash, through its planned initial public offering (IPO), according to a press release.BDO Capital president Eduardo Francisco said the final offer price could range from P7.50 to P8.50 per share, below the maximum indicative price of P10, the release stated.The figures remain estimates rather than a final offer price.Independent analysts cited in the release supported a valuation of up to P10 per share, pointing to Mynt’s earnings, cash generation, and potential to expand its customer base and financial services.AB Capital Securities estimated Mynt’s equity value at P531 billion to P834 billion using a discounted cash flow methodology, whi...
LTO-NIR probes alleged passenger harassment in Bacolod modernized jeepney

LTO-NIR probes alleged passenger harassment in Bacolod modernized jeepney

Business, Top Stories
The Land Transportation Office-Negros Island Region has issued show cause orders against the operator, driver and conductor of a modernized public utility jeepney following an alleged passenger harassment incident in Bacolod City.LTO-NIR said on Sept. 16, that the incident involving modernized jeepney occurred in Brgy. Pahanocoy on Sept. 14.The agency’s Intelligence and Investigation Unit issued show cause orders to the UNETCO operator and the vehicle’s driver and conductor as part of an administrative investigation.LTO-NIR said the incident involved allegations of body shaming, verbal abuse and passenger intimidation.UNETCO has separately placed the driver and conductor under a 30-day suspension, while the LTO investigation remains ongoing.The agency warned that violat...
CONFED re-elects Valderrama as president

CONFED re-elects Valderrama as president

Business, Top Stories
Aurelio Gerardo J. Valderrama Jr.*The Confederation of Sugar Producers Associations Inc. (CONFED) unanimously re-elected Aurelio Gerardo J. Valderrama Jr. as president for Crop Years 2026-2027 and 2027-2028 during its annual membership meeting in Makati City  Wednesday, Sept. 16.Marking his fifth and sixth crop years in the post, the move secures Valderrama's position as the longest-serving president in CONFED's history, a press release from the group said.Joining Valderrama on the newly elected executive line-up are:VP for Luzon: Loreto C. MabborangVP for Visayas: Alfonso F. GamboaVP for Mindanao: Antonio Ferdinand Y. MarañonTreasurer: Nicholas Gerardo P. Lede.sma Jr.Secretary: Maria Regina B. Martin.During the meeting, the Board also unanimously appr...
GCash offers stock investing access to Bacolod, Negros residents for as low as P500

GCash offers stock investing access to Bacolod, Negros residents for as low as P500

Business
Residents of Bacolod City and Negros Occidental looking to invest in Philippine-listed companies can start with as low as P500 through GStocks PH within the GCash app, the company said.The platform, powered by brokerage firm AB Capital Securities, Inc. (ABSCI), allows users to buy shares without a bank account.Users must be at least 18 years old and have a fully verified GCash account, a valid ID, and an email address to register.In a press release, GCash said GStocks PH serves more than 2 million users nationwide, accounting for more than 50 percent of online retail stock market accounts with the Philippine Stock Exchange (PSE).The platform provides access to more than 280 PSE-listed companies.GCash general manager for wealth management Darwin Sy Su said the service fo...
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