Day: October 22, 2024

BACOLOD CITY – Average residential power rates in Negros Occidental, including Bacolod City, decreased in October due to the lower generation charge following the reduction in prices of the Wholesale Electricity Spot Market (WESM). The downward rate adjustment was announced by Northern Negros Electric Cooperative (Noneco), Central Negros Electric Cooperative (Ceneco), and Negros Occidental Electric Cooperative (Noceco) in separate advisories. On Tuesday, Noneco reported a reduction of PHP0.89 per kilowatt hour (kWh) from PHP15.04 in September to PHP14.15 this month. ‘The payment for the WESM bill for the month of June 2024, divided and paid in four months, has already

Manila: The local bourse slightly increased as investors got confident about third quarter financial results of firms and the central bank’s policy easing, but the peso continued to depreciate on Tuesday’s trading. The Philippine Stock Exchange index (PSEI) inched up by 0.09 percent to 7,413.16, with All Shares also going up by 0.13 percent to 4,085.50. Counters were mixed with those in the green territory including Services (+1.21 percent) and Industrial (+0.69 percent). Sectors that closed in the red were Financials (-0.50 percent), Property (-0.41 percent), Holding Firms (-0.30 percent), and Mining and Oil (-0.16 percent). ‘Tuesday’s gains are seen

Manila: More than 1,500 paddlers from 26 countries will see action in the 2024 International Canoe Federation (ICF) Dragon Boat World Championships in the City of Puerto Princesa, Palawan on Oct. 28 to Nov. 4 It will be the first time a Southeast Asian country is hosting the world event that also serves a qualifying to the World Games to be held in Chengdu, China next year, Philippine Canoe Kayak Dragonboat Federation (PCKDF) president Len Escollante said. Powerhouse countries from Europe, such as the Czech Republic, Hungary, Ukraine and Russia are joining. In Asia, China will participate, too, along with

Manila: The Supreme Court on Tuesday issued a temporary restraining order against the Commission on Elections (Comelec) from implementing a resolution denying the certificates of candidacy (COC) of candidates dismissed by the Office of the Ombudsman, including those whose cases are on appeal. In a press briefing, SC spokesperson Camille Ting said the tribunal consolidated the separate petitions filed by former Albay governor Noel Rosal, Mandaue Mayor Jonas Cortes and Cebu City Mayor Michael Rama who were affected by the resolution. The TRO suspends the poll body from implementing Resolution No. 11044-A dated Sept. 24, which immediately denied the COC

SAN JOSE DE BUENAVISTA, Antique – The coconut-based products produced by farmers and processors in the province of Antique have a promising market. ‘The coco-based products have a good acceptance in the market that we encourage more processors to engage on it,’ Department of Trade and Industry provincial director Mutya Eusores said during Hinun-anon (media conference) on Tuesday. Among their products with good market potential are coco cookies, virgin coconut oil (VCO), coco peat, and coco lampshade. To encourage more processors, Eusores said the DTI holds training for associations of coconut farmers. DTI Antique Industry Development Unit head Gevi Kristina