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Bacolod City, PhilippinesTuesday, January 10, 2012
P1.108-B to be released
for electrification projects

MANILA – President Benigno Aquino III has directed the Department of Budget and Management to release P1.108 billion for the two major electrification programs of National Electrification Administration, a government press release said.

Budget and Management Secretary Florencio Abad said P518.92 million of the fund will be used to implement the Barangay Line Enhancement Project, which is aimed at improving electric services in 202 villages around the country.

He also said that P589.32 million will be allocated for the Sitio Electrification Project, targeted to connect 833 sitios to the nation's power grid.

Australia to hold
expo in Neg. Occ.

Januario John Rivas of the Philippine Consulate to Australia called on Gov. Alfredo Marañon Jr. yesterday, to discuss preparations for a Trade and Tourism Expo to be held in Negros Occidental in March, a press release from Capitol said.

The expo is expected to bring tour operators from Australia to the Philippines and serve as an avenue for the hiring of Negrense skilled workers and the promotion of study-migrate, and tourism and retirement programs, the press release said.

Rivas said Australia is outsourcing about 4.8 Million skilled workforce from various countries, including the Philippines.

Pag-IBIG
condonation plan up

Delinquent and unregistered employers in Bacolod City and Negros Occidental have a chance to update their Pag-IBIG contributions without the penalties through its six-month penalty condonation program that started from Jan. 2, and will end on June 30, a press release from the agency said.

The reprieve is provided under Pag-IBIG Fund’s Circular No. 299 and covers unregistered and delinquent employers.

Also covered are employers who have coverable employees from whom they did not collect membership contributions, who may apply for penalty condonation on the employer counterpart contributions of those coverable employees, the press release said.

Business
ButtonP1.108-B to be released for electrification projects
ButtonAustralia to hold expo in Neg. Occ.
ButtonPag-IBIG condonation plan up

ButtonTLDC posts over P.7M in sales
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PAL sked revised
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