The Negros Occidental provincial government is investing P350 million in treasury bills with the Land Bank of the Philippines for seven months.

The request of Gov. Alfredo Marañon Jr. for the passage of a resolution granting the authority to the Provincial Treasurer to invest in treasury bills was unanimously approved yesterday by the Sangguniang Panlalawigan of Negros Occidental during its regular session.

Board Member Salvador Escalante, chairman of the SP Committee on Finance and Appropriations, who authored the resolution, yesterday said the provincial government is expected to earn P5 million interest for 287 days or a seven-month period.

Mactan Rock firm denies
non compliance of contract
BY CHRYSEE SAMILLANO

The chief executive officer of Mactan Rock Industries yesterday denied that their company failed to comply with its commitment to the Dumangas-Barotac Nuevo Water District.

This came after the Utilities Consumers Alliance of Negros requested the Bacolod City Water District to take into consideration during its post qualification stage the track record of MRII after receiving reports that the sole bidder for its bulk water supply project failed to comply with its commitment to DBNWD.

Antonio Tompar, MRII CEO, said that it is DBNWD that owes them about P18.3 million in water dues. This does not include surcharges for late payments.

Egg prices in
Negros decrease

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