Business

The Central Negros Electric Cooperative, Inc. (CENECO) inaugurated its newly-constructed building located at Poblacion, Brgy. Igmaya-an, fronting the Municipal Hall of Salvador Benedicto on February 3.The said building will serve as CENECO’s first-ever extension office in Salvador Benedicto which will cater to payments, application, line troubleshooting and other CENECO-related concerns of the Member-Consumer-Owners in the municipality. The other half of this building will also serve as the new fire station of the Bureau of Fire Protection (BFP), Salvador Benedicto.A ribbon cutting and blessing ceremony was officiated by Rev. Fr. Rodolfo Benlot, Jr.The inauguration was graced by Mayor Laurence Marxlen Dela Cruz, CENECO Project Supervisor/General Manager Danny Pondevilla and Mur...

Globe’s aggressive network rollouts, site upgrades and modernization have resulted in further improvements on its call, SMS and data services to customers.These improved mobile and data services can be experienced by all Globe customers using 5G-ready 4G LTE SIM card and 4G LTE capable mobile devices in more areas in Boracay, Bacolod City, Davao City and Cagayan de Oro City beginning this month.More locations in Cebu City are also expected to be 4G LTE ready by March.4G is the latest wireless mobile telecommunications technology and the new standard in almost all major telecommunications companies in the world replacing the old 3G network.“Our customers can look forward to faster, better and reliable service in these areas in the next few weeks due to our site upgrades. The...

In its 10th meeting held on February 2, the Financial Inclusion Steering Committee (FISC) agreed to endorse legislative priorities aimed at enhancing the country’s digital and credit infrastructure as critical enablers of financial inclusion.To ensure broad-based access to internet and support use of digital financial services, the FISC is endorsing to the Legislative-Executive Development Advisory Council (LEDAC) the inclusion of the Open Access to Data Transmission Bill as a priority legislation. The bill aims to address internet infrastructure gaps by bringing in more players to the broadband sector. In December 2020, the FISC also endorsed to the Office of the President (OP) a proposed Executive Order that aims to liberalize access to satellite technology for broadband services and...

Computer-generated payment reference numbers (PRNs) will be required for short-term loan payments starting April 1, 2021, state fund Social Security System (SSS) said.Billing months to be covered by this system will be from March 2021 and onwards.The PRN, a system-generated number corresponding to an employer or individual member’s loan billing statement (self-employed, voluntary, Overseas Filipino Worker), helps facilitate the immediate and correct posting of their loan payments.SSS President and CEO Aurora C. Ignacio said the SSS started to implement the use of PRNs for short-term member loan payments last year as part of the fund’s Real-Time Processing of Loans (RTPL) program. Transactions covered by the system include salary, calamity, emergency, and restructured loans....

The other faction of the Yanson family held annual stockholders meetings for Ceres Transport Inc. (CTI) and Goldstar Bus Transport Inc. (GBTI) and elected Ricardo V. Yanson Jr. as chairman of the board and president on Monday, February 1.The faction led by Ricardo’s mother Olivia Yanson on Monday also appointed his brother Leo Rey Yanson chairman of the board and president of CTI and GBTI in separate stockholders meetings Monday.However, a press release from Joaquin Carlos Narvasa, lawyer of the four other Yanson siblings - Ricardo, Roy and Emily Yanson, and Ma. Lourdes Celina Y. Lopez, said another CTI stockholders meeting was held in Batangas presided by Anna Isabella Galvez.Galvez acted as proxy for Ricardo, its president and chairman, that was attended by stockholders repre...

Matriarch Olivia Yanson and her son, Leo Rey, remain in control of Goldstar Bus Transit Inc. and Ceres Transport Inc., a press release from the two firms said today, February 1.Goldstar Bus Transit Inc. (GBTI) and Ceres Transport Inc. (CTI) held their annual stockholders meeting today, February 1.During the meeting of GBTI, Leo Rey V. Yanson, Ginnette Y. Dumancas, lawyer Collin Derk Y. Isidto, Hernan B. Omecillo, and Danny O. Lorenton were re-elected members of the GBTI’s Board of Directors.Leo Rey and Olivia, Ginnette and Charles Dumancas, Rey C. Ardo, Daniel Nicolas P. Golez, Arvin V. Villaruel, Anita G. Chua, Joseph Ellery L. Villanueva, Hernan B. Omecillo, and Alfredo O. Ligo, also were re-elected members of CTI’s Board of Directors.The newly elected directors of both c...