Victorias Milling Company has been prepared for the Asean Free Trade Agreement for the past five years, as well as the whole sugar industry, its president and CEO Eduardo Concepcion said as the company marked its 95th anniversary yesterday.

Concepcion said “AFTA is coming in by January 1 and if you have not been prepared for that, then it is too late to prepare already.”

For the past five years they have continued to improve on the efficiencies of their factory and they want to make sure that cost-wise, they can compete with foreign sugar, that is why they are going into diversification, he said.

PACE questions
taxes on bonuses

The Progressive Alliance of Capitol Employees is questioning the Negros Occidental provincial accountant on her computation of the taxes imposed on the extra bonuses of its members.

In a letter to provincial accountant Merly Fortu, Dino Gasendo, president of the Progressive Alliance of Capitol Employees, asked about the actual basis of the computation for tax on bonuses in accordance with the policy being followed by the provincial government in reference to issuances/ policies required by the Bureau of Internal Revenue.

He also said, “Furnish PACE with the necessary legal basis for the computation of the accounting office in the deduction of taxes on employees bonuses.”
Governor Alfredo Marañon Jr. said the bonus of the Capitol employees numbering about 2,300, this Christmas will be P40,000 each.

Christmas pop-up shop
all set at The District

A Christmas Pop-up Shop launched by Gato Verde  will be held at The District North Point in Talisay, Friday to Sunday.

 This will cater to last-minute Christmas shoppers, Christmas shoppers who just want to hang out with friends and enjoy the Christmas spirit, and Christmas “bakasyonistas” who will check out new products for pasalubong, try new Negros flavors or satisfy their cravings for old-time favorite food, a press release from the company said.

There will be two areas: The Corte (outdoor area) and The Activity Center (indoor). Trading hours for both areas will be from 10 a.m. to 9 p.m. from Friday to Sunday, the press release added.

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