Business

The Securities and Exchange Commission is requiring entities to submit a valid official e-mail address and contact number.Under its Memorandum Circular No. 28 series of 2020, every corporation, partnership, association, and person under the jurisdiction and supervision of the commission shall submit a valid official e-mail address and a valid official cellular phone number within 60 days from the effectivity of the rules, a press release from SEC said.In addition to the valid official email address and official cellphone number, covered entities shall also submit a valid alternate e-mail address and valid alternate cellular phone number.The online submission of forms and notices shall be sent at MC28_S2020@sec.gov.ph, while hard copies shall be filed through the Commission’s El...

DA-SAAD photoThe Department of Agriculture-Special Area for Agricultural Development (DA-SAAD) granted a P2,881,500 caracow project to 85 individual farmer-beneficiaries in Western Visayas recently, as part of the government’s poverty reduction efforts.The intervention coupled with plow and harrow implements is in support of the Rice Production Livelihood Project in five towns in the region covered by the DA-SAAD program for 2020.For Negros Occidental, more than 50 individuals from Salvador Benedicto, Moises Padilla, and Calatrava availed of the caracows.Dominador Marquez, SAAD program focal person in Region 6, said that the team concluded the draft animal dispersal on December 1."Before our distribution, we told the farmer-beneficiaries to provide proper pasture and fo...

Leo Rey Yanson was reappointed chairman of the board and president of Vallacar Transit Inc. during the firm’s annual stockholders meeting at its principal office in Barangay Mansilingan, Bacolod City on Saturday, December 5.Olivia Yanson, the family matriarch, was also re-appointed corporate secretary and treasurer, a VTI press statement said.VTI is the biggest bus company in the country.During the meeting, Olivia and Leo Rey Yanson, Ginnette Y. Dumancas, Charles M. Dumancas, Anita G. Chua, Arvin John V. Villaruel and Daniel Nicolas Golez were re-elected as members of VTI’s Board of Directors.Despite proper and timely notice, stockholders Roy V. Yanson, Ma. Lourdes Celina Yanson-Lopez, Ricardo V. Yanson Jr., Juan Manuel Lopez, and Ma. Susan F. Yanson were absent, the press ...

Negros Occidental Governor Eugenio Jose Lacson receives the award from Dr. Richard Amansec, DICT Director, Engr. Amelia Dean and Dr. Melinda Bandalaria*The provincial government-run Negros Occidental Language and Information Technology Tech4ed Center was one of the winners in the PhilCecNet Pandemic Resilience Award under the “Support for Teachers and Students” category.The award was received virtually by Governor Eugenio Jose Lacson and NOLITC Tech4ED Center Manager and Vocational School Administrator Dr. Ma. Cristina Orbecido in the KEC15 closing webinar streamed live through Youtube.The national award was given by the Philippine Community eCenter Network Inc. in cooperation with the Department of Information and Communications Technology to recognize eCenters that continue t...

Emperador Inc. is further expanding its brandy business across North and South America next year as its brandy portfolio continues to dominate market shares in several countries in this part of the world.In the United States, volume of Don Pedro and Presidente have been growing in the last five months even as the country faces the challenges of the coronavirus pandemic. Both brandy products are part of the Casa Pedro Domecq portfolio in Mexico, which is now under Grupo Emperador Spain and currently controls 57 percent of the Mexican brandy market, a press release from the company said.Don Pedro recorded "double digit" volume growth particularly in Nevada, New Jersey, and Illinois while Presidente also enjoys rapid growth in Arizona, New Mexico, and Oklahoma.“We see brighter pro...

State pension fund Government Service Insurance System (GSIS) announced it will start to release PHP3.3 billion in Christmas cash gifts to 330,496 old-age and disability pensioners starting December 1.“Every year, our pensioners look forward to receiving the cash gift which they call their Christmas bonus. Thus, we made sure that the cash gift will be credited to their electronic card (eCard) before Christmas this year to somehow relieve them of the additional financial expenses during the Christmas season,” GSIS President and General Manager Rolando Ledesma Macasaet said in a press release today, November 29.Qualified pensioners who received a Christmas cash gift of P10,000 in 2019 will be granted an amount equivalent to their one-month pension up to a maximum of P10,000.Pensi...

The Social Security System (SSS) through Development Bank of the Philippines (DBP) has already released its December pension and 13th-month bonus amounting to P23.1 billion to Philippine Electronic Fund Transfer System and Operations Network participating banks and other checkless disbursements channels to be credited to pensioners’ bank accounts starting December 1, but not later than December 4.Also, the SSS has released around P2 billion for non-PESONet participating banks, which is expected to be disbursed to pensioners on December 4.“We are happy to inform our pensioners that they will be receiving their 13th-month bonus earlier than our usual schedule, which is usually released every 7th of December. We have allocated P25.2 billion for their bonus, including their December pe...

Under the Bayanihan 2 to Recover as One Program, the Office of Rep. Francisco Benitez is coordinating with the Technological Education and Skills Development Authority (TESDA) for the implementation of Special Training for Employment Program or STEP in the Third District of Negros Occidental this November.A series of livelihood skills training seminars will be conducted in the cities of Victorias, Silay and Talisay and the municipalities of EB Magalona and Murcia for priority target beneficiaries – locally displaced workers and overseas Filipino workers directly affected by the pandemic, a press release from the office of Benitez today said.Orientation sessions started last week in Victorias City for the Produce Organic Fertilizer (leading to organic agriculture production NC II) p...