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Bacolod City, PhilippinesThursday, June 30, 2011
BIR ok’s NOCECO
tax exemption

The Negros Occidental Electric Cooperative said in a press release yesterday  that it is already registered with the Cooperative Development Authority under registration Certificate No. 9520-06012264 issued  March 22, 2010, and has been granted tax exemption.

The tax exemptions and incentives are provided under Article 60 as stated in Republic Act No. 9520 and as provided in Section 7 of the Joint Rules and Regulations Implementing Articles 60, 61 and 144 of Republic Act 9520, the press release said.

A certificate of tax exemption was given to Noceco this month by the Bureau of Internal Revenue in Bacolod City and it will be valid for five years unless sooner revoked by the BIR for violation of any provisions of the joint revenue regulations, it added.

‘No existing
CENECO-Manta pact’

Central Negros Electric Cooperative general manager Sulpicio Lagarde Jr. said the proposal of CENECO director Roy Cordova to the Energy Regulatory Commission to allow the implementation of the alleged 22 MW power sales contract between Manta Energy Inc. and CENECO is erroneously premised and devoid of moral grounds.

In his letter to ERC chairperson Zenaida Cruz-Ducut dated June 21, 2011, Lagarde said ERC Case No. 2011-053RC, involving the power sales contract between MEI and CENECO, is not pending approval by the ERC as it is under challenge, if not disputed by CENECO.

CENECO signed a power sales contract with iN2Power, not with MEI, so there is no power sales contract with MEI to speak of, he said.

25,274 farm animals
distributed by PVO

The Provincial Veterinary Office in Negros Occidental has distributed 25,274 farm animals since the launching of the Negros First livestock and poultry dispersal in July 2010, provincial veterinarian Dr. Renante Decena said yesterday.

The farm animals benefited 3,708 recipients from local government units, pastors, religious sectors, non government organizations, and youth sector, Decena said.

He said the dispersal program aims to select the best quality of free range chickens raised by the beneficiaries for the production of organic dressed chicken.

Business
ButtonBIR ok’s NOCECO tax exemption
Button‘No existing CENECO-Manta pact’
Button25,274 farm animals distributed by PVO

ButtonYouth given swine for livelihood plan
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