Business

The country’s largest integrated telecommunications company PLDT and telco newcomer DITO have recently entered into an agreement for the construction of a transmission facility that will serve as the point of interconnection for their subscribers.Under the agreement, PLDT will establish and manage the interconnection facility that will operate as the primary physical interface for both companies, a press release from the firm said.PLDT Chief Revenue Officer and Smart Communications President and CEO Al Panlilio emphasized how “it is important for us that we establish this interconnection capability between PLDT-Smart and the customers of DITO as mandated by the NTC, and principally to make sure that our customers are able to communicate."“During this pandemic, technology has be...

Gov. Eugenio Jose Lacson (center) with the chairpersons of the agri-fishery organizations from the different cities and municipalities of the province at the turnover of livelihood project held at the Capitol Lobby.*Capitol photoA total of P1,298,790 in sustainable livelihood, marketing fund assistance and fishing paraphernalia were distributed to agri-fishery organizations and rural women groups from the different cities and municipalities of Negros Occidental, today. February 22.Gov. Eugenio Jose Lacson led the turnover of checks and projects to the chairpersons of the beneficiary organizations, at rites held at the Capitol lobby in Bacolod City.The recipients were the e Buluangan Fisherfolk Association Inc. and Caimito Marginal Fisherfolk Association of San Carlos City, Wash...

In anticipation of a robust economic recovery in the next few years, leading VisMin developer Cebu Landmasters unveiled Friday, February 19, an iconic tower planned by the designers of the world’s most acclaimed skyscrapers, Skidmore, Owings and Merrill (SOM) in tandem with one of the country’s top architects GF Partners and Architects.Masters Tower Cebu, set to be completed in 2025, will offer prime office and retail spaces and the first five-star luxury hotel in the Queen City of the South. Sofitel Cebu City will be operated by multinational chain Accor, a world leading hospitality group headquartered in France, a press release from Cebu landmasters said.The tower is Cebu Landmasters' most iconic architectural structure to date, building a towering crown-like structure to represe...

The Negros chapter of nationwide consumers' movement Konsyumer on Monday called on to the Central Negros Electric Cooperative (CENECO) and relevant energy agencies to put a stop to an ongoing tender of the electric cooperative (EC), citing the use of Terms of Reference (TOR) unfavorable to consumers and lack of transparency in the bidding process as in need of proper amendments before bids should be allowed to push through.“We are finally getting off, though only partially, paying for costly and dirty electricity from coal. But before we can even celebrate this, we are concerned that CENECO is already preparing to expose us once more to electricity that is not least-cost, and we are not even given the chance to properly be informed on and participate in the process," said Griderick Ali...

The Talisay City government collected P58 million in business taxes in 2020.In a report issued today, February 15, the collected revenues from business registration and renewals last year improved by 4.4 percent compared to 2019 with P55 million.Investments generated from the new capital reached P170 million from P122 million, with gross sales from renewals reaching P10.3 billion in 2020 from P9.3 billion in 2019.The city government also said that 28 of the 93 establishments reportedly closed in the locality during the COVID-19 pandemic.The number of business renewals dropped slightly from 1,539 in 2019 to 1,536 in 2020, while revenues generated from regulatory fees dropped by 4 percent at P1.61 million in 2020 from P1.7 million in 2019.The city government also noted th...

City PIO photoCity Administrator Em Ang, executive director of the Emergency Operations Center (EOC)-Task Force, turns over 10 donated mobile phones to the market supervisors of the three major public markets in Bacolod City, and to the Bacolod Respiratory Outpatient (BRO) Center through OIC-City Health Officer Dr. Edwin Miraflor Jr., at the EOC Command Center today, February 11.The mobile phones will be used to enhance the implementation of the BaCTrac System in the three major public markets of the city (Libertad Market, Central Market, and Burgos Market), as well as the BRO Center, a press release from the Bacolod Public Information Office said.Joining the turnover ceremony were EOC deputies for medical Dr. Chris Sorongon and Dr. Anna Ma. Laarni Pornan, contact tracing head ...

RTMI photoThe Yanson 4 elected Roy Yanson president and chairman of Rural Transit (Mindanao) Inc. in a separate stockholders meeting at SEDA Centrio Hotel, Cagayan de Oro City, Wednesday, February 10, a press release from their lawyer said.The stockholders meeting was presided by John Matthew Medina as proxy for Roy Yanson. It was attended by stockholders representing 61.17 percent of the outstanding capital stock of the corporation, their lawyer Carlo Joaquin Narvasa said.Roy Emily and Ricardo Yanson and their sister Ma. Lourdes Celina Y. Lopez, also known as the Yanson 4, Jerina Louise Y. Ramos and Matthew Agustine Y. Lopez were elected by the shareholders anew as members of the Board of Directors of the corporation for the year 2021-2022, Narvasa said.In the organization...

Leo Rey V. Yanson was re-appointed chairman of the board and president of Rural Transit (Mindanao) Inc. (RTMI), while his mother Olivia V. Yanson was re-appointed corporate secretary and treasurer following the election of the firms directors today, February 10.RTMI held its annual stockholders’ meeting and re-elected Olivia and Leo Rey Yanson, Charles M. Dumancas, Rey C. Ardo, Anita G. Chua, and Daniel Nicolas P. Golez members of the Board of Directors, a press release said.Following the election of the directors, they held an organizational meeting.Despite proper and timely notice, stockholders Roy V. Yanson, Ricardo V. Yanson Jr., Ma. Lourdes Celina Y. Lopez, Ma. Susan F. Yanson, and Juan Manuel Lopezwere absent, a press release from RMTI said.Roy, Celina and Ricky, who ...