Business

Councilor Em Ang is pushing for the implementation of the Fuel Subsidy Program*More than 5,000 tricycle drivers in  Bacolod City have not received any subsidy since the price of petroleum products started to rise.Councilor Em Ang is pushing for the implementation of the Fuel Subsidy Program in order to help the 100 legitimate members of Tricycle Operators and Drivers Association in the city.Ang is hoping that the members of TODA will receive P1,000 to mitigate the impact of the high fuel prices.Meanwhile, a rollback in the price of oil products is expected Tuesday, July 26.*

 Oil companies are expected to slash fuel prices again on Tuesday, July 26.Unioil Petroleum Philippines on Saturday forecasted  another fuel price drop  from July 26 -August 1.Diesel should go down by P1.80 to P2 per liter, it said.Unioil said gasoline prices should also  drop by P0.30 to P0.50  per liter.*

Consumer group Power Watch chided Central Negros Electric Cooperative Inc. (Ceneco) board  president Jojit Yap’s statement that their 30-day suspension implemented by the National Electrification Administration (NEA) in a May 30 decision was only a “slight offense due to procedural lapses and carelessness or indifference and there was no adverse effect” to the consumers.“We want to correct that, this is an understatement on the part of the CENECO-BOD by trying to represent as less, than is the case, just like an apologist acting in defense of a failure to exercise the care that a prudent person usually exercises,” Wennie Sancho, Power Watch secretary-general, said Monday, July 18.Ceneco’s residential rate for  July has increased by P2.0710 per kilowatt hour, from last mon...

Board resolutions on sugar importation questioned.*PNA photoDeputy Administrator Guillermo Tejida III of the Sugar Regulatory Administration said on Sunday, July 17, that his office will not process the release of imported sugar that arrived in the country unless a new board resolution or instructions are issued by the Office of the President.Tejida, in a letter to Ignacio Santillana, SRA officer-in-charge, said the previous SRA board issued resolutions on the  importation of sugar that had discrepancies.The sugar shipments had yet to arrive in Philippine territory, but a board resolution stated that   the “subject   imported sugar shipments have arrived and deliveries from the custody of the Bureau of Customs to the SRA-registered warehouses are currently m...

The Central Negros Electric Cooperative Inc. (Ceneco) announced Friday, July 15, that its residential rate for  July has increased by P2.0710 per kilowatt hour, from last month’s rate of P12.1171/kWh to P14.1881/kWh.Ervin Stan Leo Ticar, acting general manager, said the hike can be attributed to the increase in generation, transmission and system loss charges caused by the surge in PCPC fuel rate from P6.4963 to P8.0841, increase in power cost and other pass through charges.The pass-through charges equivalent to P13.0015/kWh of the total power rate include the Generation and Transmission charges, Energy Regulatory Commission-approved adjustments, government subsidies and taxes.Only P1.1866/kWh of the power rate goes to Ceneco through Distribution, Supply, Metering (DSM) Ch...

Property prices of the Bacolod developments of township developer Megaworld have gone up as much as 95 percent  in just four years after it launched its first residential condominium development inside its 34-hectare The Upper East township, a press release from the firm said Tuesday,  June 12.One Regis, the first residential condominium tower, which is scheduled for turnover to unit owners starting August this year, has seen its price almost doubled to P197,500 per square meter from its launch price of P101,000 per square meter in 2018.“When we started selling One Regis, it only took less than a year for us to sell it out. This prompted us to launch our second tower in order to meet the demand of property buyers. While land is abundant is Bacolod, we have seen strong int...

Finally a big time fuel price roll back of as high as P6 per liter is expected starting Tuesday, July 12.Expect fuel prices to go down next week, July 12-18, Unioil Petroleum Philippines announced Saturday.Diesel should go down by P5.90 to P6 per liter, it said.Gasoline should also go down by P5.50 to P5.70 liter, Unioil said.*

OIC Provincial Veterinarian Placeda Lemana*There is no shortage of chickens in Negros Occidental, OIC Provincial Veterinarian  Placeda Lemana said Wednesday, July 6.National Meat Inspection Service records show that Negros Occidental’s accredited dressing plants produce 1.6 million chickens a month, or 54,000 a day, she said.That does not include those produced by backyard raisers and non-accredited dressing plants that would raise the daily production in the province to 70,000 to 75,000 chickens, Lemana said.About 60,000 to 70,000 chickens are consumed in Negros Occidental a day, so the province has more than enough supply, she said.The hike in the price of chickens is caused by the increase in the cost of their production, such as feeds, she said.Negros Occid...

Foodpanda riders halt work to ask the management for an additional delivery fees.*Nico Delfin photoSeveral food delivery riders have temporarily halted their work, as they called on the management to increase their fees.The Foodpanda riders gathered near the Bacolod City Government Center Monday, July 4, to express their dismay that they almost have no take-home income due to the increase in fuel prices.They said the delivery fee they received ranged from P15 to P21, depending on the distance of each food delivery transaction.This is not enough, they stressed, adding that their daily income was around P350.They said that the management has earlier promised to raise the minimum delivery fee to P45.In a statement, Foodpanda said that the welfare of their delivery part...