Business

Oil companies will reduce petroleum prices on Tuesday, October 25, after price hikes for two consecutive weeks.Petro Gazz, Cleanfuel, Seaoil, and Shell said they will cut prices of gasoline by P0.35 per liter and diesel by P1.10 per liter.Some oil firm are also slashing kerosene prices by P0.45 per liter.*

President Ferdinand Marcos Jr. unveiling the township marker*President Ferdinand Marcos Jr. on Sunday, October 23, led the ceremonial unveiling of a township marker inside Megaworld’s 34-hectare The Upper East township in Bacolod City, citing its potential to bring in more job opportunities and economic progress not just in the city but also in nearby provinces and cities.In his speech, Marcos hailed the development being done by major developer Megaworld in the province saying it is vital in pushing forward the initiatives of the administration for post-pandemic economic transformation, a press release from the Office of the Press Secretary said.“We are coming out of a difficult time in our economic history. But we see the light coming not from one place,” he said.“We see ...

Grab country public relations head Arvi Lopez and Western Visayas regional manager Jo-ann Yoshida*Grab Philippines is upbeat about Bacolod’s economy as it emerges from the COVID-19 pandemic and is looking to expand its operations in the city.This was disclosed by Grab country public relations head Arvi Lopez and Western Visayas regional manager Jo-ann Yoshida on Friday, October 21.Grab has created more than a thousand livelihood opportunities for Grab taxi, car and delivery drivers, and merchant partners in Bacolod and aims to further expand, Yoshida said.Yoshida said they had 400 Grab cars and taxis servicing Bacolodnons but they dropped to 150 during the COVID-19 pandemic.They are now aiming to add 50 Grab cars and taxis by November and about 150 to 200 next year, she...

The Central Negros Electric Cooperative residential rate for October 2022 is P15.4337/kwh, a decrease of P0.2648/kWh, from last month’s rate of P15.6985/kWh, Ervin Stan Leo Ticar, CENECO acting general manager, said Tuesday, October 18.The P0.2648/kWh rate decrease was due to the net reduction in generation, transmission and system loss charges due to the availment of a fuel discount from one of CENECO’s power suppliers as well as a decrease in the FIT (feed-in tariff)-All rate, lifeline and senior citizen subsidies, Generation Rate Adjustment Mechanism (GRAM), Incremental Currency Exchange Rate Adjustment (ICERA) and Value Added Tax, a press release from the cooperative said.The pass-through charges equivalent to P14.2471/kWh of the total power rate includes the Generation and Tra...

The Department of Agriculture (DA), in coordination with the Sugar Regulatory Administration (SRA), will start selling sugar at P70 per kilo at the SRA Quezon City and Bacolod City offices.The Kadiwa rolling stores and Kadiwa on Wheels will also be selling sugar at the same price to make sugar affordable and accessible to consumers, a DA press release said.Sugar sold by DA-SRA through the Kadiwa stores are intended for direct consumers and are not for resale.Consistent with government’s commitment to make basic commodity affordable to the common Filipino people, the DA-SRA has asked each importer under the Sugar Importation Policy for Crop Year 2022-2023 to commit ten percent of their imported sugar allocation to be sold, through DA and at P70 per kilo in order to have ample su...

The ban was issued to protect Negros Occidental’s P6 billion pork industry.*Richard Malihan photoGov. Eugenio Jose Lacson on Friday, October 15, banned the entry of live pigs, boar semen, and pork products from Panay and Guimaras into Negros Occidental effective immediately.The ban was issued to protect Negros Occidental’s P6 billion pork industry.Lacson said he issued the ban following a report from the Provincial Veterinary Office of Iloilo on Thursday, October 13, that there is a suspected case of African Swine Fever (ASF) in Oton, Iloilo.“The incidence of ASF poses a great threat to the province, being one of the major producers and a gateway of live pigs being supplied to Luzon, Central and Eastern Visayas”, Lacson said.ASF is a highly contagious and deadly viral d...

Bacolod Mayor Alfredo Abelardo Benitez, NEDA regional director Arecio Casing Jr. and Vice Mayor El Cid Familiaran (l-r) at the Regional Development Council meeting at L' Fisher Hotel in Bacolod City on Thursday, October 13.*National Economic and Development Authority OIC Regional Director Arecio Casing Jr. reported on Thursday, October 13, that the economy and employment rate of Western Visayas has improved, after a drop during the height of the COVID-19 pandemic in 2020.However, for four consecutive weeks the prices of basic goods in Western Visayas have been higher than the national average as the inflation rate jumped to 7.4 percent in August 2022, Casing said in his State of the Region Address delivered during the Third Quarter Regional Development Council (RDC) meeting at L’ F...

Sandro Aboitiz, Senior Vice President of Commercial Operations, and Gina Camacho-David, Assistant Vice President of Market Strategy, from AboitizPower and Jeffrey Johnson, Senior Vice President for Human Capital Resource Management, Jose Luis Marquez, Chief Operations Officer, Francisco Lara, Chief Executive Officer, and Eduardo Punzalan, Vice President for Facilities and Administration of Teleperformance (l-r).*Teleperformance, a global leader in outsourced customer and citizen experience management provider, continues its strong commitment to environmental sustainability through sourcing renewable energy from AboitizPower (AP) retailer Adventenergy, Inc.Teleperformance will utilize 100 percent Cleanergy, AboitizPower’s brand for renewable energy, to operate their Bacolod and Suca...