Business

Gov. Eugenio Jose Lacson said on Monday, November 21, that he has not been officially notified by San Miguel Corporation's Reliance Energy Development Inc. (REDI) that it has withdrawn its plan to build a 300 MW liquefied natural gas (LNG) power plant in San Carlos City, Negros Occidental.“Personally I think it’s always a business decision just like when the company decided not to push through with a coal-fired power plant (in San Carlos) for certain reasons,” he said.Lacson said it is up to the firm to make an official announcement.Engineer William Cuñado, director of the Environment Management Bureau of the Department of Environment and Natural Resources, in a letter dated November 14 to the Center for Energy, Ecology, and Development, said the proponent decided not to pursue...

Diesel and gasoline prices are expected to drop on Tuesday, November 22, Unioil Petroleum Philippines said in its forecast on Saturday.It said diesel should go down by P2.10 to P2.30 per liter from November 22 to 28.Unioil also said it expects gasoline prices to go down by P0.80 to P0.90 per liter during the same period.On Tuesday, November 15, gasoline prices went up by P0.90 per liter and diesel prices dropped by P0.30 per liter.The November 15 price adjustment brought the year-to-date adjustment to stand at a net increase of P18.15 per liter for gasoline and P36 per liter for diesel.*

The average residential rate of Central Negros Electric Cooperative Inc. for November is P16.2972 per kilowatt hour or an increase of P0.8635 /kWh, from last month's rate of P15.4337/kWh, CENECO acting general manager Ervin Stan Leo Ticar announced on Wednesday, November 16.He attributed the P 0.8635/kWh rate hike to the increase in the Palm Concepcion Power Corporation rate from P10.5764 to P10.9335 and the upsurge in fuel prices.The average price of the Wholesale Electricity Spot Market also increased from P9.3543 to P10.2527 as they resumed collection of congestion and other applicable charges beginning October 2, with the restoration and energization of the transmission line between Cebu and Negros, Ticar added.The pass-through charges equivalent to P15.1106/kWh of the tota...

Expect fuel prices to have a mixed movement on Tuesday, November 15, Unioil Petroleum Philippines, announced Saturday.Diesel should go down by P0.35 to P0.45 per liter, and gasoline should increase by P0.70 to P0.90 per liter from November 15 to 21, it said.Kerosene prices could also increase by P1.30 to P1.50 per liter.Department of Energy data shows that there has been a year-to-date net increase of P17.25 per liter for gasoline, P36.30 per liter for diesel and P28.60 per liter for kerosene.*

The Bacolod City Treasurer's Office License Division inspection team has discovered some fuel pumps at gasoline stations with broken seals.The seals may have not been intentionally broken, Jose Ernie Carpintero, License Division head, said Friday, November 11.He said they were not able to inspect all fuel pumps during the two-year COVID -19 pandemic and the seals may have broken from age and chemical reactions.The Bacolod Sangguniang Panlungsod on Wednesday passed a resolution authored by Councilor Claudio Jesus Raymundo “Kalaw” Puentevella requesting that the License Division strengthen the inspection, testing, calibration and sealing of fuel pumps in all gasoline stations in Bacolod.Under City Ordinance No. 565 Series of 2011 all dispensing pumps must be properly calibrat...

There has been a noticeable increase in the average price of livestock and poultry commodities in Negros Occidental, Dr. Placeda Lemana, OIC Provincial Veterinarian, said on Tuesday, October 8.The increase in carabeef was P2.74 a kilo, beef - P2/kilo, pork - P2.74/kilo, chevon - P2.11/kilo and broilers - P3/kilo.The increase in prices may be attributed to increased demand of meat products during the All Saints and All Souls Day celebration, she said.The current provincial average price on table eggs are: Small - P6.61, Medium - P7.25, Large - P7.99, X-Large - P8.64, Salted Egg - P13.22 and Ballot - P25.44, Lemana said.Slaughtered pigs in Don San Salvador had the highest buying price for liveweight at P153/kilo, she added.*

Fuel prices will have mixed movements starting Tuesday, November 8.Diesel prices should go down by P.50 to P.60 per liter, Unioil Petroleum Philippines said Saturday.But gasoline prices are expected to increase by P1.10 to P1.20 per liter, it added.Kerosene prices may go down by P.75-P.85 per liter.*

Inflation in Western Visayas accelerated to 8 percent in October from 7.5 percent in September, the fifth highest among the regions, data from the Philippine Statistics Authority showed on Friday, November 4.The national headline also went up to 7.7 percent from 6.9 percent in the previous month, PSA said.PSA said this is the highest recorded national inflation since December 2008.With this month’s inflation, the Philippines’ average inflation rate from January to October 2022 stood at 5.4 percent, PSA said.In October 2021 the inflation rate was observed at 4 percent.The continued uptrend of the October 2022 inflation was primarily due to the higher annual growth rate in the index for food and non-alcoholic beverages at 9.4 percent, from 7.4 percent in September 2022, P...

The Department of Trade and Industry (DTI) has intensified its monitoring of prices and supply of basic necessities and prime commodities (BNPC) in Western Visayas, including Negros Occidental and Bacolod City, following Tropical Storm “Paeng”.President Ferdinand Marcos, who placed the region under a state of calamity for six months on Wednesday, November 2, said it will effectively ensure control of the prices of basic necessities and prime commodities.DTI R6 assures the consuming public that the agency is coordinating with other national government agencies and retailers to ensure that the transportation or delivery of basic necessities is not hampered in areas placed under state of calamity, DTI R6 OIC-Regional Director Ermelinda Pollentes said in a press statement Thursday, Novembe...