Wednesday, March 18

Business

RE leader echoes ‘code red’ alarm on climate change

RE leader echoes ‘code red’ alarm on climate change

Business
EDC president and chief operating officer Richard B. Tantoco*Unless there are immediate, rapid and large-scale reductions in greenhouse gas (GHG) emissions, limiting global warming within 1.5 to 2 degrees Celsius will be beyond reach.This is the alarming reality sounded by First Gen-owned renewable energy (RE) leader Energy Development Corporation (EDC) at a landmark Zoominar organized by the Ecumenical Initiative Forum, a gathering of faith-based organizations against climate change guided by the landmark Laudato Si encyclical of Pope Francis.Dubbed “Climate Change: The Greatest Crisis of Our Time,” the digital meet brought together stakeholders from the business sector, civil society, academe, and the Catholic Church led by the Focolare Movement Philippines, Season of Creatio...
Resorts Negrense reopens with launching of 45-room hotel

Resorts Negrense reopens with launching of 45-room hotel

Business
Resorts Negrense at Pta. Taytay, Bacolod City, reopens to guests Wednesday , with the launching of a 45-room hotel offering a viewing deck ideal for rooftop events with the scenic sunset over the Guimaras Strait as the backdrop.*Alfred Tronco photoResorts Negrense at Pta. Taytay, Bacolod City reopens to guests Wednesday, September 8, with the launching of a 45-room hotel offering a viewing deck ideal for rooftop events with the scenic sunset over the Guimaras Strait as the backdrop.The event also marks the official announcement of the partnership between Resorts Negrense and Casa Noble, a byword in the Ilonggo food and beverage industry with a long history of serving unique Negrense cuisine, a press release said.Owned and operated by the family of Enrique D. Rojas, president of...
PESO Kabankalan WV regional winner

PESO Kabankalan WV regional winner

Business
Kabankalan LGU photoThe Public Employment Services Office (PESO) in Kabankalan City was adjudged the regional winner in the 1st class component city category in the Search for Best PESO 2021.The annual award was given by the Department of Labor and Employment (DOLE) and PESO Region 6 during the PESO- Western Visayas Congress at Iloilo Gateway Hotel and Suites, Pavia, Iloilo on August 25, a press release from Kabankalan City said Friday, September 3.A Certificate of Achievement was also presented to PESO Kabankalan for the "Exemplary Accomplishment of Best Job Implementer."Mayor Pedro P. Zayco Jr. and Vice Mayor Raul Rivera presented the award to Elma Bachita PESO- Kabankalan during the regular session of the Sangguniang Panlungsod at the City Hall, Thursday, September 2.*
VMC says critics’ claims baseless, unsubstantiated

VMC says critics’ claims baseless, unsubstantiated

Business, Top Stories
The rehabilitated Victorias Milling Co. lagoons in Manapla are filled with lush vegetation and have become fishing grounds, dispelling claims of pollution, VMC President Minnie Chua says.*Victorias Milling Co. (VMC) on Thursday, September 2, denied all allegations against their distillery plant in Manapla, Negros Occidental, calling them “baseless” and “unsubstantiated”.VMC president Minnie Chua, in a press statement, said that they have not violated any laws, contrary to claims of various groups that the distillery is operating illegally among other issues.To set the record straight, she said that it has regularly and consistently budgeted and spent on capex to address environmental concerns, particularly on the reported foul odor around the distillery since early 2020.VMC...
Sugar groups welcome SRA’s all ‘B’ allocation

Sugar groups welcome SRA’s all ‘B’ allocation

Business, Top Stories
Ronnie Baldonado photoIndustry stakeholders lauded the allocation of all of the sugar produced in the country for crop year 2021-2022 as “B” for sale in the domestic market on Wednesday, September 1.Sugar Order No 1, Series of 2021-2022, released Tuesday said the expected La Niña phenomenon in late October to November until the first quarter of 2022 will bring above normal rainfall that will result in low sugar production.The Sugar Regulatory Administration pre-milling estimate for crop year 2021-2022 for raw sugar production is at 2,099,720.71 metric tons, the sugar order said.The raw sugar supply and demand projections of the SRA Regulation Department shows that even with the carry-over volume of 158,557 metric tons of domestic sugar, the country’s sugar supply situation ...
Beltran votes for 100% ‘B,’ laments low production

Beltran votes for 100% ‘B,’ laments low production

Business, Top Stories
The representative of the millers on Saturday, August 28, informed his colleagues on the Sugar Board that he is voting to allocate 100 percent of the country’s sugar production for crop year 2021-22 for “B” or the domestic market.Board Member Roland Beltran said he is disappointed that the yearly production of raw sugar remains stagnant, if not in a declining trajectory, while the annual population growth is increasing in numbers.Inevitably, the demand for local sugar will outpace the supply denigrating the mandate of SRA “to establish and maintain such balanced relation between production and requirement of sugar and such marketing conditions as well insure stabilized prices at a level reasonably profitable to the producers and fair to consumers,” he saidSadly, opportunities w...
Suspend all ‘A’ sugar allocation, PASON urges

Suspend all ‘A’ sugar allocation, PASON urges

Business, Top Stories
The Planters’ Association of Southern Negros (PASON) is appealing to the Department of Agriculture and the Sugar Regulatory Administration (SRA) to suspend the allocation of all “A” US quota sugar for crop year 2021-2022 since the country’s projected production is just enough for domestic consumption.SRA Administrator Hermenegildo Serafica said on Friday, August 27, that hopefully, they can issue a new sugar allocation order by next week.PASON president Jesus Adrian Campos Jr., in a letter to Agriculture Secretary William Dar, said that in crop year 2020-2021 sugar production did not meet the targeted production and was slightly below that of the previous CY, while domestic consumption increased.“Our local production has reached the point that it cannot anymore meet the domesti...
CONFED proposes ‘All-B’ for crop year 2021-2022

CONFED proposes ‘All-B’ for crop year 2021-2022

Business, Top Stories
Confederation of Sugar Producers Associations president Raymond V. Montinola said on Thursday, August 26, that the sugar industry needs to have an “All-B” domestic sugar allocation given that the production estimate of the Sugar Regulatory Administration (SRA) is projected at 2.099 million metric tons.An anticipated second-year La Niña is shown as the reason for the low sugar production estimate, Montinola said.This position is based on the SRA production estimates considering a double La Niña as the output of SRA summary where the recent rainfall forecast of PAGASA from August 2021 to January 2022 indicates similar condition of rainfall as of CY 2020-2021, he added.Above normal rainfall is forecasted over the country for the months of November 2021 to January 2022, which is th...
SEC orders Royal O’ to stop luring investors

SEC orders Royal O’ to stop luring investors

Business
The Securities and Exchange Commission (SEC) has ordered Royal O’ Consultancy Services OPC, Royal O’ International Import and Export OPC, and their affiliate companies to stop soliciting investments from the public under a scheme disguised as an investment platform for alleged gambling, medical supplies, and export firms.In an order issued August 12, the Commission directed the one person corporations (OPCs) to immediately cease and desist from selling and/or offering securities in the form of investment contracts until they have filed and secured the necessary license.The SEC further enjoined Royal O’ from transacting business involving funds in its depository banks and from transferring, disposing, or conveying any related assets to ensure the preservation of the assets for the b...
District field units get P1.5-M in veterinary drugs

District field units get P1.5-M in veterinary drugs

Business
PVO photoThe Provincial Veterinary Office strengthened the implementation of districtalized animal health extension services through the delivery of veterinary drugs and biologics worth P1.5 million to its six district field units which soon to be known as the Abanse Negrense District Animal Health Centers (ANDAHC).The veterinary drugs and biologics to be distributed include anti-bacterial, anti-parasitic, vitamin and mineral supplements as well as vaccines for common livestock and poultry diseases such as rabies, hog cholera, new castle disease, and infectious coryza.This will also answer to the high mortality rate of chickens due to New Castle Disease (NCD) noted in Sitio Minnesota, Brgy. Sag-ang, La Castellana as well as other sporadic diseases spreading in the rest of the p...
Secured By miniOrange