Friday, April 3

Business

Diesel, gas prices expected to drop

Diesel, gas prices expected to drop

Business, Top Stories
Diesel and gasoline prices are expected to drop by more than P1 a liter on Tuesday.Diesel prices should go down by P1.20 to P1.40 per liter, and gasoline by P1.40 to P1.50 per liter on Tuesday, May 2, until May 8, Unioil Petroleum Philippines said Saturday.The Department of Energy's oil price monitoring on April 25 showed a year-to-date net decrease in local diesel prices by P3.05 per liter.However, gasoline had a net increase of P7.55 per liter as of April 25, the DOE said.*
Pag-IBIG home loan releases reach P27.57B in Q1, up 14%

Pag-IBIG home loan releases reach P27.57B in Q1, up 14%

Business
Pag-IBIG Fund released a record-high P27.57 billion in home loans during the first quarter of 2023, an increase of P3.36 billion or 14 percent compared to the P24.21 billion released during the same period in 2022, its top officials announced on Monday, April 24.“We are happy to report that we have started the year strong by posting a new record-high in home loan releases for the first three months of 2023. This means that more Filipino workers have been helped by Pag-IBIG Fund in acquiring their own homes.,” Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees, said in a press release.Acuzar added that the amount of home loans released by the agency during the first quarter enabled ...
Globe blocks 1.1B scam, spam messages in Q1

Globe blocks 1.1B scam, spam messages in Q1

Business
Leading digital solutions platform Globe blocked close to 1.1 billion scam and spam messages in the first quarter of 2023, complementing government efforts against online fraud bolstered by the SIM Registration Act.With the heightened campaign against scammers and the push for SIM registration, Globe has booked a five-fold jump in blocked unwanted and unsolicited messages from 217.31 million recorded in the first quarter of 2022, a press release from the firm said Monday, April 24.Likewise, blacklisted SIMs from Globe’s Stop Spam portal soared to 22,455 from January to March 2023 compared to only 1,812 in the same period last year. Globe also deactivated 647 SIMs, of which, 610 were involved in sending scam or fraud messages, while the remaining 37 were used in sending spam message...
DOLE reminds private sector to pay workers double on Eid’l Fitr

DOLE reminds private sector to pay workers double on Eid’l Fitr

Business, Top Stories
The Department of Labor and Employment (DOLE) on Thursday, April 20, reminded employers in the private sector to pay their employees double should they render work on Friday as the country joins the Muslim community around the world to celebrate the Eid'l Fitr (Feast of Ramadan).In an advisory, Labor Secretary Bienvenido Laguesma reminded employers to be guided on how to compensate their workers on Friday, declared by Malacanang as a regular holiday, and employees are entitled to 200 percent pay if they report for work.Those who will render work during a regular holiday will be paid a total of 200 percent of the employee's wage for that day for the first eight hours (Basic wage × 200 percent).For work done over eight hours, the worker will receive an additional 30 percent of th...
Teleperformance reignites pledge for the planet on Earth Hour 2023

Teleperformance reignites pledge for the planet on Earth Hour 2023

Business
Teleperformance Bacolod joined 22 other sites across the Philippines in observing the Earth Hour, an annual global initiative to promote energy conservation and environmental protection. *Teleperformance, global leader in outsourced customer and citizen experience management, joined millions across the world in celebrating Earth Hour 2023, continuing to deliver on its commitment to sustainability and the planet.On March 25, as part of its climate action program Citizen of the Planet (COTP), Teleperformance switched off all of the lights in its 23 offices across the Philippines, including in Bacolod City, for one hour in honor of Earth Hour, saving 2,004.04 kilowatt hours (kWH)—enough to power ten homes for an entire month, a press release from the firm said Thursday, April 20.“...
Globe urges customers to register SIMs as April 26 deadline looms

Globe urges customers to register SIMs as April 26 deadline looms

Business
As the April 26 deadline for SIM registration rapidly draws near, leading digital solutions platform Globe strongly urged its subscribers to complete the registration process immediately, with 33.067 million of its 86.5 million customer base compliant with the law as of April 20."We encourage all our subscribers to register their SIMs as soon as possible to maintain uninterrupted access to mobile and broadband services. Pending response to our appeal for the government to extend the deadline, we call on all Globe SIM users to comply with the law," Globe Group President and CEO Ernest Cu said in a press release Thursday, April 20..Globe also reiterated its call for the Department of Information and Communications Technology (DICT) to extend the deadline so customers can obtain valid...
Bacolod biz tax collection for 1st quarter of 2023 nearly more than entire 2019

Bacolod biz tax collection for 1st quarter of 2023 nearly more than entire 2019

Business, Top Stories
The 2023 first quarter business tax collection of Bacolod City has nearly exceeded the total collection of the city for 2019, Bacolod Mayor Alfredo Abelardo Benitez said on Monday, April 17.The first three-months collection for 2023 has reached P603,126,590 compared to P657,912,576.49 for the entire 2019, the License Division of the Office of the City Treasurer reported.The collection in 2020 was P646.3 million, 2021 – P616.3 million, 2022 – P713.2 million, it also reported.Benitez appealed to delinquent tax payers not to wait to be reached by the city government.The city government is stepping up its collections as increased revenues will mean better and additional services for Bacolod residents, he said.*
Ceneco’s April power rates drop by P0.9345/kWh

Ceneco’s April power rates drop by P0.9345/kWh

Business, Top Stories
Central Negros Electric Cooperative’s residential power rates have further dropped by PO.9345 per kilowatt hour (kWh) in April.The April residential rate is P12.7371 per kWh, Ceneco announced on Monday, April 17.Ceneco said the decrease is attributed to the following:*Total Generation charges decreased by 9.18 percent compared to previous month due to the decrease in Palm Concepcion Power Corporation (PCPC) 35MW fuel cost;*Decrease in Wholesale Electricity Spot Market (WESM) price; andPCPC fuel discount of PO.16/kWh for the March 2023 billing for 35MW Power Supply Agreement.
Lasallian named Nestlé Pakistan’s newest CEO

Lasallian named Nestlé Pakistan’s newest CEO

Business, Top Stories
Jason Avanceña is an alumnus of Batch 1991 of the USLS - Integrated School in Bacolod*A Lasallian is making waves in Pakistan and the Asia Pacific region after being named as top executive of leading food and beverage company, Nestlé , the University of St. La Salle (USLS) in Bacolod City announced.Nestlé Pakistan recently announced Jason Avanceña as its newest Chief Executive Officer and Managing Director. He assumed the position since March 2023.With this achievement, Avanceña became the highest ranking Filipino in the entire Nestlé organization worldwide. The USLS said.Prior to his current role, Avanceña assumed various roles in different Nestlé markets including Indonesia, the Philippines, Switzerland, Pakistan and Sri Lanka.Avanceña is an alumnus of Batch 1991 of t...
Bacolod City, Neg. Occ. inflation rates ease in March

Bacolod City, Neg. Occ. inflation rates ease in March

Business, Top Stories
A merchandiser restocks food items at a supermarket in Bacolod City.*PNA Bacolod file photoInflation rates for all income households in Negros Occidental and Bacolod City slowed down in March compared to February this year, the Philippine Statistics Authority (PSA) said.In a summary report released on Tuesday night, the PSA said Negros Occidental exhibited slightly lower inflation, from 12.4 percent to 10.8 percent, while Bacolod City, from 11.2 percent to 8.7 percent.Luis Gonzales, chief statistical specialist of PSA-Negros Occidental, said these were due to the slight annual decreases in the prices of some commodities.In the province, minimal decreases were noted in food and non-alcoholic beverages, alcoholic beverages and tobacco, housing/water/electricity/gas and other ...
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