Bacolod City, Negros Occidental, Philippines Tuesday, January 3, 2012
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Fireworks and a light show over the Bacolod Government Center ushered in the New Year.*

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Negros, Bacolod officials
optimistic about economy


Government and business leaders yesterday said they are optimistic about economic growth in Negros Occidental and Bacolod City in 2012 amid high investor confidence.

Gov. Alfredo Marañon Jr. said he will work to make Negros Occidental self-sufficient in rice, for the revival of the aquaculture industry, and the creation of more information technology jobs in the province in 2012.

The governor said he is optimistic about the economy this year with a 7 percent growth rate expected due to increased Bureau of Internal Revenue collections, higher government savings, and a reduction in corruption that has boosted public trust in government, and investor confidence in the country.moremoremore

Guv bares 2012 targets

Governor Alfredo Marañon Jr. yesterday called on employees of the Negros Occidental provincial government to work harder to serve the people of the province.

Since the provincial government employees have been given more, the people of Negros Occidental deserve more from them in service, the governor said.

The employees have been granted bonuses of P50,000 each and are expected to receive pay hikes this year.

New revenue code of
city implemented

The Revised Revenue Code of Bacolod City was implemented starting yesterday and is expected to generate an increase of P50 to P100 million in taxes this year, Mayor Evelio Leonardia said yesterday.

Leonardia said the increase in revenue collections is already long overdue and is timely, especially because most cities like Bacolod are facing a budget cut of at least P45 million due to the creation of 16 towns into cities.

He said that, under the law, the local government is mandated to update its revenue code every five years, but it took the City of Bacolod 18 years to update its Code, while cities in other parts of the Philippines had been updating theirs regularly.moremoremore

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