Business

S&R Membership Shopping to open in Bacolod

BY GILBERT P. BAYORAN S&R Membership Shopping, a chain of membership-only retail warehouse club in the Philippines, will open a branch soon at the BREDCO Port area in Bacolod City. This was after Mayor Alfredo Abelardo Benitez signed the lease

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NG debt hits P13-T

Total liabilities of the national government (NG) rose by a percent to P13.02 trillion as of end-August 2022 due to domestic securities issuance and currency adjustments, the Bureau of the Treasury (BTr) reported yesterday. In a statement, the BTr said

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Mobile game to encourage sustainable practices

In line with its commitments to climate action, Globe Telecom launched Climate Champions, a new mobile game that aims to encourage the company’s millions of customers to make sustainable choices in their consumption of goods and services. As a leader

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PSEi slips further; peso keeps footing

The main stocks index declined anew yesterday amid United States recession worries but the peso was little changed despite touching the 59-level against the US dollar mid-trade. The Philippine Stock Exchange index (PSEi) dipped further to 5,879.68 points, down by

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BSP issues add’l regulations for digital banks

Digital banks are required to heed prudential requirements and policies, such as those imposed on universal and commercial banks (U/KBs), given their classification as complex banks. Under Bangko Sentral ng Pilipinas (BSP) Circular No. 1154 issued on Sept. 14, digital

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SIM registration bills welcomed

BY GILBERT P. BAYORAN Globe Telecom welcomed the progress of bills in the Senate and the House of Representatives that mandates SIM registration for mobile phone users as a crucial step in addressing criminal activity aided by electronic communications.  As

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PH stocks, peso down on fresh Fed rate hike

Risk-off sentiments reigned in the local bourse on the resumption of the week’s trading yesterday and the peso registered another all-time low against the greenback due to hikes in the Federal Reserve’s key rates. The Philippine Stock Exchange index (PSEi)

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‘The Upper East House’ to rise at Megaworld township

BY GILBERT P. BAYORAN Property giant Megaworld is constructing The Upper East House, a three-level township showroom that will be designed to pay tribute to the historic institution that used to occupy the township’s current location, the Bacolod-Murcia Milling Company

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Another oil price rollback set

Oil companies have announced they will slash anew their pump prices today. In separate advisories Monday, Caltex, Cleanfuel, Eastern Petroleum, Petro Gazz, PTT Philippines, Seaoil, Shell, and Unioil said they will cut gasoline prices by P1.65 per liter and diesel

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MassKara to generate P5B for businesses

BY GILBERT P. BAYORAN As the three-week MassKara Festival kicks off today, Mayor Alfredo Abelardo Benitez yesterday said he expects businesses to earn about P5 billion during the festival that anticipates approximately 200,000 visitors. With the very positive reaction of

EB Magalona pavilion preps for MassKara

The E. B. Magalona Pavilion at the Panaad Park in Brgy. Mansilingan, Bacolod City is being spruced up in preparation for the “MassKara sa Panaad” slated October 10 to 16. Mayor Marvin Malacon said the Municipality of E. B. Magalona

Negros LGUs urged to exert more vax efforts

BY GILBERT P. BAYORAN Gov. Eugenio Jose Lacson yesterday reiterated his call for all local government units in Negros Occidental to exert more effort in the COVID-19 vaccination campaign. Lacson, yesterday joined the PinasLakas campaign of the Department of Health

EB Magalona gets award for high tourist arrivals

Despite the community restrictions due to COVID-19 last year, tourist arrivals in the four tourist destinations in E. B. Magalona contributed to a high number of tourist arrivals in the municipality in 2021. These four establishments, namely, Tomongtong Mangrove Eco-Trail

Beermen plant trees to mark anniversary

Employees of San Miguel Brewery marked the 32nd anniversary of its Bacolod plant with a tree-planting activity in Barangay Estefania, Bacolod City. According to a press release, the activity also coincided with the 132nd anniversary of the plant’s parent company,

Sales representative, companions robbed

BY GILBERT P. BAYORAN A salesman and two of his companions were robbed at gunpoint on September 28 in Sitio Buta, Brgy, Caliling, Cauayan, Negros Occidental. Initial investigations of the Cauayan police showed that Arque Cuison, a sales representative of