Business

IC says PGAI leads non-life sector in NPW

The Insurance Commission (IC) said that Prudential Guarantee and Assurance Inc. (PGAI) was the highest-ranked non-life insurance company in 2020, in terms of net premiums written (NPW), based on the companies’ quarterly reports on selected financial statistics submitted at the

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Negros biz expo rakes in P.5M

BY ADRIAN P. NEMES III Profits of the exhibitors from the ongoing 12th Negros Business Expo at Robinsons Place Bacolod have already reached almost half a million pesos, as of Sunday. Frank Carbon, Metro Bacolod Chamber of Commerce and Industry

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Oil prices up anew this week; peso flat

Oil firms will raise pump prices starting today, marking the second consecutive week for an increase. In separate advisories, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will hike diesel prices by P0.35 per liter, and P0.45 per

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SEC: Minority investors can call meetings

The Securities and Exchange Commission (SEC) has issued rules allowing minority shareholders in publicly listed companies (PLC) to call special stockholders’ meetings. The commission en banc, in its April 22 meeting, approved the rules on the calling of special stockholders’

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MSMEs recovery depends on gov’t, private support

The Philippine Disaster Resilience Foundation has announced various projects supporting micro, small, and medium enterprises (MSMEs) amid the Covid-19 crisis. Among the PDRF initiatives are the MSME Guidebook, a comic book on business continuity, and the Sikap or Synergizing Recovery

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Swine producer registers P1.3-B project with BOI

The Board of Investments has approved the P1.33-billion project of Biotech Farms Inc. to expand its live hog production. In a statement, the BOI said Biotech Farms would add 2,500 sow-level piggery farms in its swine facility in South Cotabato.

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Marayo Bank to open another branch in Iloilo

Marayo Bank Inc. held a groundbreaking ceremony for its new branch in Sara, Iloilo recently, to officially start the construction of its building at the national highway in Brgy. Anoring. The ceremony was officiated by Rev. Fr. Ignacio Bercades Jr.,

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Online job fair registration on

The Department of Labor and Employment Regional Office No. VI is inviting jobseekers in Western Visayas to register in the job search and get a chance to be hired in the Labor Day online job fair on May 1. In

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4 suspects in slay of brgy captain nabbed in NegOr

Four suspects in the killing of a barangay captain in Negros Oriental yesterday were nabbed in Vallehermoso town, the police said. Sketchy investigation reports said the four are allegedly guns-for-hire and hail from Mindanao. No other information was made available

2 NPA guerilla fronts dismantled in Negros

BY GILBERT P. BAYORAN The Philippine Army’s 3rd Infantry Division reported that it has dismantled two New People’s Army guerilla fronts in Negros Island, with another soon to follow. Maj. Cenon Pancito III, spokesperson of the 3rd Infantry Division, said

Over 1.5K tourism workers inoculated

A total of 1,510 frontline workers in the accommodation and hospitality industry have received their first dose of vaccine against the coronavirus disease 2019. In a statement, Department of Tourism Secretary Bernadette Romulo-Puyat said the total, recorded as of April

NegOcc tourism workers get P80M

Some 16,149 beneficiaries from the tourism industry in Negros Occidental and Bacolod City affected by the coronavirus disease 2019 pandemic have availed of P80.745 million in financial aid under the Bayanihan to Recover as One Act, or Bayanihan 2. Tourism

PH stocks gauge slips, peso rises anew vs. US dollar

The Philippine Stock Exchange index (PSEi) sustained its slide yesterday, partly on the increases in jobs in the US last April but the peso strengthened further against the US dollar. The main equities index further fell by 0.38 percent, or

NegOr IATF legal probes ‘fake’ RT-PCR results

The Negros Oriental Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) passed a resolution asking its legal team to investigate the alleged fake results of swab tests presented by a group of workers seeking employment in Bohol.