Monday, March 23

Business

Globe embarks on IT modernization, hurdles first milestone in platform refresh for improved customer experience

Globe embarks on IT modernization, hurdles first milestone in platform refresh for improved customer experience

Business
Globe has embarked on a major IT modernization effort meant to reduce service outages, recently passing a significant milestone on billing system infrastructure refresh, and with succeeding phases of platform upgrades still to come.With a P4.1-billion total investment to date, this multi-year effort is meant to improve user access to various company products and services by addressing glitches that customers encounter, such as issues in loading and registering for promos, to benefit an estimated 87.4 million mobile customers.The IT modernization runs parallel to Globe’s network modernization program, which involves upgrading cell sites to 4G/LTE and ramping up fiberization of Filipino homes.With both IT platforms and its network enhanced, Globe aims to provide best-in-class ser...
Globe asks NTC to compel DITO to pay P622-M penalty for violating interconnect agreement

Globe asks NTC to compel DITO to pay P622-M penalty for violating interconnect agreement

Business
Globe, the country’s leader in mobile, has asked the National Telecommunications Commission (NTC) to require DITO Telecommunity to pay for interconnect penalties amounting to P622 million.The penalties were brought about by fraudulent calls placed through DITO's network to Globe, bypassing proper voice traffic channels.An average of 1,000 fraudulent calls– identified as international in origin but masked as local calls– are allowed to pass through DITO’s network to Globe users every day, in violation of interconnect rules.The penalty covering one year, from July 2021 to July 2022, has ballooned with DITO's adamant refusal to compensate Globe, defying provisions of its interconnect agreement on bypass traffic. In comparison, zero or no bypass traffic has been allowed to pass fro...
Sugar stakeholders meet set on SRP to curb rising prices

Sugar stakeholders meet set on SRP to curb rising prices

Business, Top Stories
A sugar stakeholders meeting is set Wednesday, August 10, to discuss the suggested retail price for sugar, Sugar Regulatory Administrator Hermenegildo Serafica said Tuesday, August 9.He said the online meeting will be held with Agriculture Undersecretary Kristine Evangelista. The meeting has been called by the DA as retail prices of refined sugar breached the P100 mark per kilo.President Ferdinand Marcos, who is also concurrent agriculture secretary, has approved the importation of at least 300,000 metric tons of sugar to prevent a shortage in supply and to help bring down retail prices.Negros Occidental Vice Governor Jeffrey Ferrer said there is a shortage of sugar and the retail price has gone up so the importation is a good move before the milling season goes full b...
Beef, chicken prices up, pork drops, PVO reports

Beef, chicken prices up, pork drops, PVO reports

Business, Top Stories
Negros Occidental has adequate supply of pork, PVO officer-in-charge Placeda Lemana said.*Richard Malihan photoThere has been an increase in the price carabeef, beef and chickens in Negros Occidental, a Provincial Veterinary Office report on Monday, August 8, showed.The average price of carabeef is P297.87 per kilo or an increase by P1.38 and beef - P315.40 a kilo or a hike by P2, PVO officer-in-charge Placeda Lemana said.She said the average price of broiler chickens is P211.34 per kilo or a slight increase by 54 centavos, while the price of native chicken remained at P256.39 per kilo.Regular and salted eggs and balut also showed minimal price increases.The prices of pork and chevon decreased.The average price of  pork was at P266. 54 per kilo or a decrease by...
Consumers’ group slams CENECO ‘Triple A’ status

Consumers’ group slams CENECO ‘Triple A’ status

Business, Top Stories
Consumers’ group Power Watch Negros slammed the Category AAA or Triple A rating of the Central Negros Electric Cooperative Inc. (CENECO) given recently by the National Electrification Administration (NEA).Power Watch secretary-general Wennie Sancho said Sunday, August 7, that the award is a “form of window dressing or an instance of making something appear more attractive in an attempt to redeem a tarnished image.”This is another uproar amid the controversies hounding CENECO from mismanagement to neglect of duties, he added.The Triple A Category is the highest rating given by NEA to electric cooperatives that have performed excellently in their operations. From 2016 to 2021, CENECO was able to maintain the Triple A status.But Sancho chided NEA for being “oblivious” that onl...
Diesel, gas prices to drop

Diesel, gas prices to drop

Business, Top Stories
Diesel and gasoline prices are expected to go down  starting Tuesday, August 9. Unioil Petroleum Philippines on Saturday forecasted that fuel prices will drop from August 9 to 15.Diesel prices should go down by P2 to P2.20 per liter, it said.Unioil also said gasoline prices should drop by P1.90 to P2.10 per liter.*
CENECO maintains ‘Triple A’ status

CENECO maintains ‘Triple A’ status

Business, Top Stories
CENECO maintains “Triple A” status for five years.*CENECO photoThe Central Negros Electric Cooperative Inc. (CENECO) has once again been given a Category AAA or Triple A rating  by the National Electrification Administration (NEA).This is based on the recently released results of the Electric Cooperatives (ECs) Overall Performance Assessment and Size Classification for 2021, the utility firm announced on Wednesday, August 3.The Triple A Category is the highest rating given by NEA to ECs who have performed excellently in their  operations, and have been compliant to Financial, Institutional, Technical and Reportorial standards, CENECO said.For five consecutive years, from 2016 to 2021, CENECO was able to maintain the Triple A status which signifies its remarkable o...
Negros food terminal to open in mid-August

Negros food terminal to open in mid-August

Business, Top Stories
The Negros Residences is one of the economic enterprises of the provincial government.*Barbara Mijares photoThe Negros Occidental Food Terminal Market in Bacolod City will open in mid-August as the provincial government steps up the revenue generation efforts of its economic enterprises, Provincial Administrator Rayfrando Diaz said Wednesday, August 3.Gov. Eugenio Jose Lacson on Tuesday stressed the need to step up the generation of local revenues with the expected drop in Negros Occidental’s National Tax Allotment share by P782,280,808 in 2023.The managers of the province’s economic enterprises will try to outperform the income they generated before the COVID-19 pandemic, Diaz said.Diaz said with the challenge given to them by the governor, the Economic Enterprise Developm...
Ferrer:  5 mills opening early for sugar milling

Ferrer:  5 mills opening early for sugar milling

Business, Top Stories
Early sugar milling starts in Negros Occidental*Ronnie Baldonado photoFive sugar mills in Negros Occidental have announced their early reopening for the milling season, Vice Governor Jeffrey Ferrer said Wednesday, August 3.They are First Farmers Holding Corp., Hawaiian Philippines Co., Victorias Milling Co., Universal Robina Corp. La Carlota and Sagay Central Inc., Ferrer said in a press release.Ferrer said with the reopening of the sugar mills ahead of the usual milling season, he hopes the scarcity of sugar supply in the country will now be addressed.“I made that appeal a couple of months ago when there were rumors of perceived sugar shortage in the country. And I am very much appreciative that our sugar mills responded favorably,” Ferrer said.“With this, we hope we h...
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