Saturday, May 30

Business

CHIZ SAYS FILIPINO FAMILIES NEED HELP TO COPE WITH RISING FOOD COSTS; ASKS DOF, BSP TO CRAFT A MORE RESPONSIVE STRATEGY

CHIZ SAYS FILIPINO FAMILIES NEED HELP TO COPE WITH RISING FOOD COSTS; ASKS DOF, BSP TO CRAFT A MORE RESPONSIVE STRATEGY

Business
Senator Francis “Chiz” Escudero has called on the government to strengthen safeguards against rising consumer prices, as headline inflation climbed to 7.2 percent nationwide in April and reached 10.8 percent in Central Visayas and 9.9 percent in Zamboanga Peninsula, among the highest outside Metro Manila.Escudero said Central Visayas’ double-digit spike and Zamboanga’s near double-digit rate highlight the urgency of coordinated action between fiscal and monetary authorities, noting that households and farmers are bearing the brunt of rising food, fuel, and transport costs.“Bukod sa monitoring, kailangan natin ng agarang tugon para hindi tuluyang lamunin ng presyo ang kita ng mga pamilya, lalo na sa Visayas at Mindanao kung saan mayroon tayong pinakamataas na inflation rates,” h...
Increased security near Sagay university ordered as student sexual harassment reports spark alarm

Increased security near Sagay university ordered as student sexual harassment reports spark alarm

Business, Top Stories
Sagay Mayor Leo Rafael Cueva, right, said perpetrators would be prosecuted to the full extent of the law.*Mayor Leo Rafael Cueva has ordered immediate security upgrades following reports of sexual harassment of students near the State University of Northern Negros (SUNN) in Sagay City, Negros Occidental.Cueva on Wednesday, May 6, warned all transport drivers and operators that the city will not tolerate any form of exploitation or harassment of students.Any perpetrator found involved in such incidents would be prosecuted to the full extent of the law, he said.The concerns were brought to the mayor’s attention by SUNN president Dr. Renante Egcas on Tuesday prompting an urgent meeting with the Peace and Order Committee, the Sagay Philippine National Police, and various Tricy...
Council: 93 industry leaders  saying Sugar Board must go can’t be wrong

Council: 93 industry leaders  saying Sugar Board must go can’t be wrong

Business, Top Stories
Panay Federation of Sugarcane Farmers Inc. president: Danilo A. Abelita, National Federation of Sugarcane Planters president Enrique D. Rojas and Confederation of Sugar Producers Associations Inc. president Aurelio J. Valderrama Jr. (l-r) of the Sugar Council.*“The call by 93 leaders from the sugar industry for the Sugar Board to be replaced cannot be wrong,” the Sugar Council said Wednesday, May 6.The Sugar Council, in a press statement, said it was referring to a manifesto signed by 93 industry leaders from all over the country, and published in a national newspaper on Tuesday, May 5.The 93 sugar industry leaders represent stakeholders in various fields, it said.“The Sugar Board’s failure to manage sugar supply and demand, particularly due to its import replenishment p...
NACUSIP thanks Javi, JV for sugar industry support

NACUSIP thanks Javi, JV for sugar industry support

Business, Top Stories
Rep. Javier Miguel Benitez and NACUSIP president Roland C. de la Cruz (right)*The National Congress of Unions in the Sugar Industry in the Philippines (NACUSIP) on Wednesday, May 6, thanked Rep. Javier Miguel Benitez and Senator Joseph Victor Ejercito for pushing for an overhaul of the Philippine sugar industry.Ejercito has introduced a series of legislative measures aimed at investigating and revitalizing the nation's struggling sugar sector, focusing on alleged importation irregularities and systemic industry support.Ejercito filed Senate Resolution 369, which directs the Senate Committee on Agriculture, Food and Agrarian Reform to launch an inquiry into the alleged over-importation of sugar.The resolution seeks to determine the impact of these imports on local producer...
35th Visayas Area Business Conference Set to Convene in Bacolod City

35th Visayas Area Business Conference Set to Convene in Bacolod City

Business
Business leaders, entrepreneurs, and industry stakeholders from across the Visayas region are set to gather for the 35th Visayas Area Business Conference (VABC) at its new venue at L’Fisher Hotel, Bacolod City, on May 13 to 15.Hosted by the Metro Bacolod Chamber of Commerce and Industry (MBCCI), this year’s conference highlights Bacolod’s growing role as a center for commerce, innovation, and collaboration in the Negros Island Region.With just days to go before the highly anticipated event, excitement continues to build as the conference marks another milestone in fostering regional economic growth and partnerships. Now on its 35th year, VABC remains one of the premier business gatherings in the Visayas, bringing together key players from various sectors to discuss pressing economi...
Javi files ‘TUBO Act’ to overhaul sugar industry, protect farmers

Javi files ‘TUBO Act’ to overhaul sugar industry, protect farmers

Business, Top Stories
Rep. Javier Miguel “Javi” Benitez after filing the “TUBO Act of 2026” bill at the House of Representatives on Tuesday.*Rep. Javier Miguel “Javi” Benitez (Neg. Occ., 3rd District) filed House Bill No. 9088 on Tuesday, May 5, seeking a comprehensive overhaul of the country’s sugar industry to protect farmers from market volatility and over-importation.Dubbed the “TUBO Act of 2026” (Tunay na Ugnayan, Buhay, at Oportunidad sa Asukal), the measure proposes sweeping amendments to the Sugarcane Industry Development Act (SIDA) of 2015 to stabilize production and supply.Benitez said that the legislation aims to establish a more responsive, data-driven, and inclusive framework for the sugar industry, which remains a vital source of livelihood for rural communities.The bill addresse...
TUCP pushes bill to democratize SRA Board with labor, farmer seats

TUCP pushes bill to democratize SRA Board with labor, farmer seats

Business, Top Stories
TUCP President Raymond Democrito Mendoza and Vice President  Roland C. de la Cruz (right)*The Trade Union Congress of the Philippines (TUCP) has intensified its call for the immediate overhaul of the Sugar Regulatory Administration (SRA), citing an "avalanche" of imported sugar and unregulated substitutes as proof of the agency's failure to protect local producers.House Deputy Speaker and TUCP Party-list Rep. Raymond Democrito Mendoza is pushing for the urgent passage of House Bill No. 8376, which seeks to democratize the SRA Board by institutionalizing seats for workers, farmers, and agrarian reform beneficiaries (ARBs).The move comes as the National Congress of Unions in the Sugar Industry of the Philippines (NACUSIP) spearheads a massive signature campaign demanding the...
Two groups hit back at Sugar Council, reaffirm support for DA chief, Sugar Board

Two groups hit back at Sugar Council, reaffirm support for DA chief, Sugar Board

Business, Top Stories
“We call on all stakeholders to move forward with responsibility and unity", UNIFED Chairman Manuel Lamata said.*Ronnie Baldonado file photoTwo major sugar federations on Tuesday, May 5, accused the Sugar Council of "counterproductive agitation" and sabotaging industry unity by seeking to oust Agriculture Secretary Francisco Tiu-Laurel and the current Sugar Regulatory Administration (SRA) leadership.The United Sugar Producers Federation (UNIFED) and the Luzon Federation of Sugarcane Growers Association (LuzonFed) issued a joint statement reaffirming their full support for Agriculture Secretary Francisco Tiu-Laurel, SRA Administrator Pablo Luis Azcona and the Sugar Board members, arguing that the recent drop in sugar prices is a result of systemic "structural gaps" rather than a ...
Bacolod launches digital upskilling for women

Bacolod launches digital upskilling for women

Business, Top Stories
The 20 beneficiaries of the “EleVAte AIDA” digital upskilling initiative with Bacolod Mayor Greg Gasataya.*The Bacolod City government, in partnership with the Aboitiz Foundation, has launched the “Elevate Aida” program to strengthen local economic empowerment by training 20 women in high-demand digital skills.Part of Mayor Greg Gasataya’s Pag-eskwela to Pagtrabaho (P2P) initiative, the program targets students, job-seekers, and single mothers from various barangays, a press release from the Bacolod City Communications Office (BCCO) said.Participants will undergo free training in virtual assistance (VA), artificial intelligence (AI) integration, and data annotation, it said.The 20-day course, which began on Monday, May 4, includes four-hour daily sessions. Each particip...
Gasataya inks property lease agreement for waste-to-energy facility in Brgy Felisa

Gasataya inks property lease agreement for waste-to-energy facility in Brgy Felisa

Business, Top Stories
Mayor Greg Gasataya and Forza Development Corp. President Sheryl Chua signing the agreement on MOnday.*BCCO photoMayor Greg Gasataya signed a contract of lease with Forza Development Corp. for the use of a 10-hectare property for the development of a waste-to-energy (WTE) project within the city’s sanitary landfill in Barangay Felisa, Monday, May 4.The leased city government property, designated as a WTE Industrial Zone, will be utilized for 25 years with an annual rental fee of ₱1.01 million.Forza Development Corp. President Sheryl Chua signed the agreement on behalf of the company.Gasataya clarified that the agreement covers only the lease of the property, noting that the Department of Energy has yet to determine the specific technology to be used for the WTE initiativ...
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