Business

Capitol photoNegros Occidental Gov.Eugenio Jose Lacson led the distribution of P5.7 million in checks for barangay projects in Negros Occidental Tuesday, November 17.The beneficiaries were barangays Abo-abo, Murcia; Brgys. XXI, XVI, and XX of Victorias City; Brgy. Zone 1, Talisay City; Brgy. Patag, Silay City; Brgys. Pacol, Bayabas, Central Tabao, and Guintorilan of Valladolid; Brgy. Poblacion, San Enrique; Brgy. Camp Clark, Panaquiao, 9 – Poblacion, and 6 – Poblacion of Isabela; Brgy. Manalad, Ilog; Brgy. Caliling, Cauayan, and Brgys. Zone 1 and Luna of Cadiz City.Each of the 19 barangays received P300,000 for projects, for renovation of barangay halls, construction of perimeter fences, rehabilitation of drainage systems, acquisition of multipurpose vehicles, concreting of dou...

The Securities and Exchange Commission (SEC) will waive the imposition of fines and other monetary penalties for the non-filing and late submission of reportorial requirements of corporations during the community quarantine.On November 5, the Commission issued SEC Memorandum Circular No. 31 providing for the waiver of fines and other penalties for corporations who failed to file or were late in the filing of their General Information Sheet, Audited Financial Statement, and other reportorial requirements, as well as non-compliance with compulsory notification from September to December 2020.“We recognize how the pandemic and the ensuing community quarantine have put a strain on Filipinos and their livelihoods,” SEC Chairperson Emilio Aquino said. “We will continue to take all opport...

The Bacolod-Silay Airport Access Road in Silay City.*The Department of Public Works and Highways (DPWH) has recently completed the P45.94-million widening of the Bacolod-Silay Airport Access Road (BSAAR) in Silay City, Negros Occidental, a press release from the DPWH said.The project involves the widening of the access road from two lanes to four lanes with the width of three meters.Although hampered by the erratic weather experienced towards its scheduled end date, the DPWH Negros Occidental 1st District Engineering Office (DEO) was able to complete the widening of BSAAR in less than six months since it started construction last February 2020, the press release said.DPWH Secretary Mark Villar said the improved access road aims to provide ease of travel among motorists and ...

Owners of businesses can now start processing their business permits for 2021 at malls in Bacolod City.The mall campaign schedule of the Business Permit and Licensing Office dubbed “on-the-go” starts Tuesday, November 18, until November 30.From November 18 to 20, they will be at SM City, Ayala Malls Capitol Central, and Robinsons Place.Their next schedule will be from November 23 to 25 at Gaisano City, 888 Premiere Mall, and City Mall-Singcang, and on November 26, 27, and 30, they will be at City Mall-Mandalagan, Lopue’s Mandalagan, and Lopue’s East.Those interested may contact the Business Permit and Licensing Office at bcdbplo@gmail.com, Bacolod Permits Facebook page, or call 4352606.Meanwhile, the Bacolod City Treasurer’s Office-Land Tax Division is also accepting pa...

Capitol photosNegros Occidental Governor Eugenio Jose Lacson turned over P22.32 million worth of farm machineries and equipment to the members of the Federation of Irrigators' Association Central Negros–Bago River Irrigation System (FIACN-BRIS) at the National Irrigation Administration (NIA)–Bago City compound Friday, November 13.The agricultural projects that include tractors with rotavator/tiller and combine harvesters aim to help the farmers lower their production cost increase their income.The FIACN-BRIS is headed by its president, Rosemary Caunca, who facilitated the release of the projects.Also present at the activity were Bago City Councilors Victor Michael Javellana and Andrew Martin Torres, Engr. Isaias Melendez, Division Manager of NIA - Negros Occidental Irrigati...

Occupancy of Megaworld Premier Offices in Iloilo Business Park increased to 97% during the pandemic.The rental income of property giant Megaworld grew 13 percent at P3.4 billion during the third quarter from P3 billion in the previous quarter, as quarantine restrictions have been eased.The company’s office rental business, under the Megaworld Premier Offices brand, grew 6 percent to P2.96 billion from P2.80 billion in the previous quarter. Year-on-year, it grew 11% in this year’s third quarter from P2.68 billion during the same period last year, while during the first nine months of the year, it also grew 11% to P8.57-billion compared to P7.75-billion in the same period last year, a press release from the company said.In Iloilo, Megaworld Premier Offices has increased its occup...

The Securities and Exchange Commission (SEC) is calling the public to join the fight against investment scams, as it spearheaded the first Investor Protection Week from November 9 to 13.This is to promote investor education amid the rising number of unauthorized investment-taking activities, especially during the COVID-19 pandemic.This year, the SEC has issued advisories against more than 100 groups and individuals soliciting investments without the necessary license, almost double the total number for the whole of 2019.The commission has also issued cease and desist orders and revocation orders against entities engaging in fraudulent investment schemes, including Boss Network, Forsage, and Fast Track Worldwide Inc.The SEC has charged 32 individuals in seven cases for viola...

Capitol photoNegros Occidental Governor Eugenio Jose Lacson and Association of Negros Producers president Arlene Infante led the groundbreaking for the construction of the ANP Micro, Small and Medium-sized Enterprise (MSME) Hub along South Capitol Road in Bacolod City, Wednesday, November 4.Joining them were Provincial Administrator, Rayfrando Diaz, ANP Chairperson Christine Marie Gaston, Paul Lizares of Talarak Foundation, and other ANP officers.The provincial government and ANP entered into an usufruct agreement for ANP to use the property for 25 years.Lacson said that he hopes the hub will serve as a place where the ANP can help SMEs in the province to showcase their products.ANP President Arlene Infante said that the ANP SME Hub will house a showroom, office and Bug...

The Central Negros Electric Cooperative Inc. (CENECO) will suspend its disconnection services until December 31 for unpaid bills with a 160-kilowatt hour (kWh) and below consumption per month.Maria Agnes Claro, officer-in-charge of the Office of the Manager, said that this is in compliance with the October 29 advisory of the Energy Regulatory Commission.“This is twice the ERC-approved lifeline consumption level of 80kwh/month for CENECO consumers. This policy of no disconnection will cover the billing period September 14 until December 31,” she said.A 30-day grace period will also be given on the payment of September bills when Bacolod was under Modified Enhanced Community Quarantine from September 8 to 30, she said, stressing that this is only applicable for member-consumers l...

The Social Security System (SSS) has already credited the first batch of November 2020 pension on October 30 through its new disbursement method using the Philippine Electronic Fund Transfer System and Operations Network (PESONet) and other checkless disbursement channels.SSS President and CEO Aurora Ignacio said that those covered by the first batch of crediting are pensioners whose date of contingency is from the first to the 15th day of the month and are receiving their monthly pensions through PESONet participating banks, e-wallets such as PayMaya, or the Development Bank of the Philippines (DBP) accredited Remittance Transfer Company (RTC)/Cash Payout Outlet (CPO), currently with M Lhuillier.The first batch of November 2020 pension releases covered more than 1.46 million pensi...