Monday, March 23

Business

Negros Trade Fair sales in Makati rises to P14.1M

Negros Trade Fair sales in Makati rises to P14.1M

Business, Top Stories
Senator Cynthia Villar, MaryAnn Feria Colmenares and Ramon Uy Sr. (l-r) at the Negros Trade Fair in Makati on Thursday.*Sales at the ongoing 36th Negros Trade Fair (NTF) at Glorietta 2 in Makati City hit P14.1 million on day two, MaryAnn Colmenares, Association of Negros Producers (ANP) vice president for advocacy, said on Thursday, September 22.The NTF sales on Tuesday hit P9.08 million and on Wednesday it was P5.1 million, she said.They are hoping their sales this year would be higher than in 2019, except that they don’t know how much stocks the participating producers brought, she said.The ANP trade fair, which runs until Sunday, returned to Makati this month after a two-year hiatus caused by the COVID-19 pandemic.Rep. Christopher De Venecia (Pangasinan, 4th District...
EB Magalona farmers get indemnity assistance

EB Magalona farmers get indemnity assistance

Business
The Office of Mayor Marvin Malacon, through the Municipal Agriculture Office, turned over checks worth of P21,700 in indemnity assistance to the eight farmers of E. B. Magalona, at rites at the Mayor’s Office Wednesday, September 21.The assistance came from the Philippine Crop Insurance Corporation (PCIC) and was given to eight farmers of Barangays Consing and Canlusong whose crops and livestock were damaged by pest infestation and other diseases, a press release from EB Magalona said.OIC-Municipal Agriculturist Efren Garcia Jr. led the turnover of checks to the beneficiaries, in the presence of Charlon Melendres, insurance underwriter of PCIC 3rd District; Bobby Paran, regional fisherfolk director of the Bureau of Fisheries and Aquatic Resources (BFAR)- Region 6; Private Secretary...
NONECO says power rates for Sept. down .23 centavos

NONECO says power rates for Sept. down .23 centavos

Business, Top Stories
The Northern Negros Electric Cooperative (NONECO) announced Wednesday, September 21, that its power rates are down P0.2308 per kWh.That means its power rate will be P15.7648 per kWH, it said.The decrease can be attributed mainly to the reduction in generation cost of one of the power generators with a power supply agreement with NONECO, and electricity cost in the Wholesale Electricity Spot Market, its statement said.Only P1.6109 kWh of the power rate goes to NONECO through Distribution, Supply, Metering (DSM) charges intended for the cooperative’s Operation, Construction, and Maintenance services, it said.*
36th NTF Arima night sales increase by 350% – ANP

36th NTF Arima night sales increase by 350% – ANP

Business, Top Stories
Singer Kuh Ledesma and actor Monsour del Rosario (2nd and 5th from left) with members of the Association of Negros Producers at the Negros Trade Fair Wednesday, September 21.*The 36th Negros Trade Fair (NTF) had an unprecedented 350 percent increase in sales during its Arima Night at the Glorietta 2 of the Ayala Center in Makati City on Tuesday, September 20.Gross sales during the Arima Night hit P9.08 million or a 350 percent increase compared to 2019, Sybel Nobleza, Association of Negros Producers (ANP) external affairs manager, said on Wednesday, September 21.She said one trader in the gifts, decors and housewares section had sales of P4.7 million on Tuesday night.The NTF has returned to the Glorietta after a two-year hiatus caused by the COVID-19 pandemic and will run u...
Low-carbon transition in PH’s RE hub brings stability to solar plant workers, but hardship to jeepney drivers

Low-carbon transition in PH’s RE hub brings stability to solar plant workers, but hardship to jeepney drivers

Business
Passenger jeepneys with cramped interiors that cough out dark fumes are familiar sights in the streets of Bacolod, Negros Occidental. With affordable fares, jeepneys have been the choice transport of commuters for decades.But soon, roads of the city will be filled with modern jeepneys that will replace the old units that have been blamed for traffic congestion and air pollution.Three modern jeeps, which look more like mini buses, began serving passengers via the Homesite-Central Market route in Bacolod following the launch of the public utility vehicle modernization program in the city on June 29.The program aims to replace aging jeepneys with newer and bigger models powered by a cleaner Euro-4 engine. On September 12, additional units of the modernized vehicles started plying ...
PCCI pushes for business sector representation in the SRA board

PCCI pushes for business sector representation in the SRA board

Business, Top Stories
The Philippine Chamber of Commerce and Industry (PCCI) is backing the call of the local food manufacturers and exporters to allow a business sector representation on the Sugar Regulatory Administration (SRA) board to ensure that the voice of the MSMEs is heard and considered.At the PCCI Agriculture Committee Meeting, the members composed of the agribusiness industry leaders were in agreement in proposing to the SRA, which is chaired by the President as concurrent head of the Department of Agriculture (DA), to designate a representative from the Philippine Food Exporters (Philfoodex) to participate in the SRA Board consultative meeting, a press release from the group said Tuesday, September 20.Paul Cuyegkeng, chairman of the PCCI Agriculture Committee, said that the proposal is esse...
Power rates up 22 centavos for September, Ceneco says

Power rates up 22 centavos for September, Ceneco says

Business, Top Stories
CENECO photoThe average residential rate of Central Negros Electric Cooperative (CENECO) for September is P15.6983/kWh, an increase of P0.2211/kwh, from last month’s rate of P15.4772/kwh, its acting general manger Erwin Stan Leo Ticar said Monday, September 19.He attributed the P0.2211/kWh rate hike to the increase in generation, transmission and system loss charges.The increase was because of an error in the metering data of the National Grid Corporation of the Philippines (NGCP) for the billing period of January 26 to February 25, which triggered the corresponding adjustment that resulted to an increase in the Wholesale Electricity Spot Market (WESM) power cost, he said.The pass-through charges equivalent to P14.5117/kWh of the total power rate include the Generation and ...
Globe starts to reap gains from strategy to go beyond telco

Globe starts to reap gains from strategy to go beyond telco

Business
Globe has started reaping gains from its strategic shift to go beyond telco to empower the Filipino digital lifestyle. Globe President and CEO Ernest Cu reported that the rapid growth of its non-telco businesses is complementing the company’s strong revenue performance from telco core products and services in the first half of the year. “When it comes to the subsidiaries, you can see them affecting our profit and loss statement now, both top line and bottom line. This remarkable progress brings Globe closer to its vision of going beyond telco.  Whether through fintech, adtech, health tech, e-commerce, or entertainment, we strive to bring value to the overall digital ecosystem,” said Cu at Globe’s Q2 2022 media briefing. Non-telco revenues soared to P1.9 billion as of en...
Globe seeks unified front vs cybercriminals as worsening online scams threaten to stifle digitalization efforts

Globe seeks unified front vs cybercriminals as worsening online scams threaten to stifle digitalization efforts

Business
As the Philippines’ leading digital solutions platform, Globe has been at the forefront of clamping down on scammers accessing personal data of mobile phone users in their ever evolving modus operandi to dupe people out of their hard-earned money. Globe reiterates that it has long put in place stringent measures to ensure the sanctity of customer data, bar attempts of third-party breach and guard against scammers. The company further stepped up its efforts at the height of the pandemic, when cybercriminals found new ways to dupe customers. “At a time of aggressive cybercriminal activity amid growing digitalization, Globe asserts that the public, government and industry players, including telcos, are all victims of these illegal acts. It is, thus, a shared fight among all of us to...
Landers Superstore to open in Megaworld’s The Upper East

Landers Superstore to open in Megaworld’s The Upper East

Business, Top Stories
Graham M. Coates and Pieter Lukman (l-r) after the ceremonial signing of the partnership between Megaworld and Landers, as Dick Montes, Jennifer Palmares-Fong and Eman Belleza (l-r, standing) look on.*Andy Alvarez photoLanders Superstore, the fastest-growing membership shopping store in the country, is targeted to open at Megaworld's The Upper East township in Bacolod City in March 2023, Pieter Lukman, Landers chief operating officer, announced on Tuesday, September 13.It will be the first Landers Superstore in Western Visayas, and the second one outside of Luzon, Graham Coates, first vice president and head of Megaworld Lifestyle Malls, said.Coates and Lukman held a ceremonial signing of the partnership between Megaworld and Landers at a press conference at Park Inn by Radisso...
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