Business

Aug62024 by Mark L. GarciaNo Comments

WV inflation slows down but still highest in Visayas

The Philippine Statistics Authority reported that the current inflation rate of Western Visayas slowed down to 4.8 percent, but is still 0.4 percent higher than the national average of 4.4 percent.The PSA reported on Tuesday, August 6, that the national inflation rate in July was at 4.4 percent, which accelerated by 0.7 percent compared to June’s record at 3.7 percent.With the current national average, Western Visayas recorded a 4.8 inflation rate, which is 0.1 percent lower compared to June’s 4.9 percent.This makes Western Visayas have the highest inflation rate among the Visayas regions, with Central Visayas having 4.5 percent, and Eastern Visayas with 4.4 percent.PSA stated that the 4.4 inflation rate for July was attributed to the higher year-on-year increase in the ind...

Aug62024 by Mark L. GarciaNo Comments

DOE bares fuel prices for Bacolod, NegOcc

Business, Top Stories

The average prices of gasoline in Bacolod City range from P63 to P64 per liter, while diesel is at P58.60/L, the highest among the cities in Negros Occidental, a Department of Energy report said.Based on their price monitoring of liquid fuel from July 30 to Aug. 5, the average price of RON 91 gasoline was at P63.25/L, while RON 95 was at P64.25/L.DOE said various oil companies have implemented a decrease in petroleum products’ prices.Gasoline, diesel, and kerosene have decreased by P0.75/L, P0.65 to P0.85, and P0.80 per liter, respectively.The overall price range of RON 91 is P55.15 to P72.66/L, RON 95 gasoline is P59.95 to P75.75, and diesel at 53.90 to P69.35/L.Price monitoring in the cities of San Carlos, Cadiz, and Kabankalan were also conducted by the DOE.Recor...

Aug52024 by Digicast Negros StaffNo Comments

Globe continues to block increasing child porn, illegal gambling sites

Business

Globe continues to demonstrate its unwavering commitment to online safety and protection, sustaining its efforts to block access to child pornography and illegal gambling sites.In the first half of 2024, Globe successfully intercepted 1,718 domains and 190,167 URLs related to child pornography, a substantial rise from the 1,295 domains and 129,652 URLs blocked during the same period in 2023, a press release from the firm said.Similarly, Globe intensified its crackdown on illegal gambling sites, deactivating 2,726 domains in the first six months of 2024, compared to 1,828 in the same period the previous year.Since the initiation of its #MakeITSafePH campaign in 2017, Globe has actively aligned its initiatives with the Anti-Child Pornography Act of 2009 (Republic Act 9775), which...

Jul242024 by Mark L. GarciaNo Comments

Beef prices increase slightly, PVO reports

Business, Top Stories

The Provincial Veterinary Office reported a P1.25 per kilogram increase in the average price of beef, and a slight decrease in other meat prices in Negros Occidental. The PVO reported that the current average price of beef is at P389.99/kilo, which is P1.25 higher than July 15 at P388.74/kilo.Meanwhile, the average price of pork decreased by P0.31 per kilogram, chevon or goat meat by P0.92/kilo, and chicken meat by P0.14/kilo.Records showed that average price of carabeef remained at P385.63, pork prices decreased from P324 to P323.69/kilo, chevon from P388.25 to P387.33, and broiler chicken from P200.22 to P200.08. The PVO also reported that for market hogs or slaughtered pigs, Hinoba-an town has the highest buying price for liveweight at P180/kilo.*

Jul222024 by Mark L. GarciaNo Comments

NONECO power rates increase by P6.56/kWh

Business, Top Stories

Member consumers of the Northern Negros Electric Cooperative will pay P6.56 per kilowatt-hour more this month. NONECO announced on Monday, July 22, that their power rates will increase by P6.5625/kWh from P9.2302/kWh in June to P15.7927/kWh this month. NONECO attributed the increase to the additional 25 percent Wholesale Electric Spot Market (WESM) bill that was deferred by the Energy Regulatory Commission on June 13. Apart from the 25 percent additional WESM charge, NONECO also said that the increase in the WESM market price was P0.2741/kWh. Earlier the Central Negros Electric Cooperative and Negros Occidental Electric Cooperative announced increases in their power rates this month by P0.5825/kWh and P1.3119/kWh, respectively....

Jul212024 by Digicast Negros StaffNo Comments

Expect mixed movement in fuel prices on Tuesday

Business, Top Stories

Expect mixed movement in fuel prices on Tuesday, July 23. Diesel prices should go down by P0.30 to P0.50 per liter, Unioil Petroleum Philippines forecasted Saturday. Gasoline prices will have no change to an increase by P0.20 per liter, Unioil also forecasted. Kerosene may have a rollback of P0.60 to P0.70 per liter, the Department of Energy also said.*

Jul212024 by Digicast Negros StaffNo Comments

Cadiz PalengQR-Ph Plus ready – mayor

Business, Top Stories

Mayor Salvador Escalante Jr. at the launching of PalengQR-PH Plus program in Cadiz City on Thursday, July 18.*Bilis Cadiz photo Cadiz City is PalengQR-Ph Plus ready, Mayor Salvador Escalante Jr. announced. "We are always ready to embrace the digital world…This will benefit the people we ought to serve", Escalante said during its launching on Thursday, July 18. PalengQR-Ph Plus is a joint initiative of the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), a press release from Cadiz City said on Sunday, July 21. It encourages cashless transactions using QR Ph, the national standard for quick response or QR codes, a priority initiative under the National Strategy for Financial Inclusion 2022-2028. ...

Jul192024 by Digicast Negros StaffNo Comments

Teleperformance wins back-to-back awards at the 2024 Transformation Summit

Business

As a global leader in digital business services, Teleperformance in the Philippines, was honored with back-to-back awards at the 2024 Transformation Summit.Organized by the Cebu IT-BPM Organization (CIB.O) at the Marco Polo Plaza Cebu, the company was recognized for its sustained and outstanding contributions to the IT-BPM industry in the region.Teleperformance in the Philippines was distinguished with the Top 3 Trailblazer IT-BPM Award and among Top 10 IT-BPM companies in Cebu for its transformative impact in Cebu’s dynamic business landscape, a press release from the firm said.In 2023, it was also recognized as one of the top ten IT-BPM employers in Cebu , and it has maintained its standing among Cebu’s top companies in the industry for the sixth consecutive year.Informat...

Jul192024 by Digicast Negros StaffNo Comments

SSS warns members, public on fake text alerts

Business

The Social Security System (SSS) Thursday, July 18, warned its members and the public to be wary of text messages sent by unscrupulous individuals pretending to be SSS, promising its recipients an incentive by accessing a link. SSS Senior Vice President for Member Services and Support Group Normita M. Doctor said that SSS has been receiving reports from members that they have received text alerts about benefit claims, expiring contribution payments, or My.SSS registration urging them to click a link. “Do not click the link in the message of these fake text alerts. It will lead to a phishing site that will steal personal information such as SS numbers and login credentials from My.SSS account,” Doctor said. Doctor explained that its members and the public ca...

Jul192024 by Digicast Negros StaffNo Comments

AGI to spend P75B to sustain growth plans

Business

Alliance Global Group Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, is embarking on another heavy capital spending this year as part of its commitment to sustain its recent growth pace.The conglomerate is allocating capital expenditure (CAPEX) this year of P75-billion, an increase of 19 percent from its actual spend of P63-billion in 2023. The budget also reflects an eight-year high since the P77-billion capital investments in 2016, a press release from AGI said.AGI’s planned capital spending is aimed at ensuring its premier positioning across its diversified business segments, affirming AGI’s position as the country’s premium lifestyle conglomerate, it said.“AGI remains steadfast and dedicated to driving growth across all its business segments, mindful of its go...