Business

Sep222026 by Digicast NegrosNo Comments

GCash parent gets PSE approval for IPO, moves closer to public share offering

Prospective Bacoleño and Negrense investors are a step closer to an opportunity to own shares in GCash parent company Mynt Inc. after it secured Philippine Stock Exchange (PSE) approval for its proposed initial public offering (IPO).On Sept. 16, Mynt announced that it received the formal Notice of Approval from the PSE board of directors for the offering and the listing of its common shares on the exchange’s Main Board.The approval follows Mynt’s filing of its registration statement with the Securities and Exchange Commission (SEC).The transaction is expected in October, subject to final regulatory clearances and market conditions.The proposed offering is expected to consist of up to 8,027,409,600 common shares, with an overallotment option covering up to 1,204,111,400 addi...

Sep212026 by Mary Judaline PartlowNo Comments

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...

Sep212026 by Carla P. GomezNo Comments

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...

Sep212026 by Mary Judaline PartlowNo Comments

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...

Sep212026 by Mark L. GarciaNo Comments

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...

Sep202026 by Digicast NegrosNo Comments

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...

Sep182026 by Joann VillanuevaNo Comments

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 ...

Sep182026 by Mark L. GarciaNo Comments

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...

Sep172026 by Mark L. GarciaNo Comments

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...

Sep172026 by Digicast NegrosNo Comments

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...