Lin-ayVALENTINE’S. Love is in the air  at the Bacolod public plaza where flowers, balloons, and   little hearts on sticks are enjoying brisk sales.* (Andy Alvarez photos)

BIR spurs confusion,
sugar bidding halts

Alarm was raised yesterday when there were no bidders for sugar at the largest sugar mill and refinery in Negros, while small farmers elsewhere were unable to sell their sugar amid confusion over the Bureau of Internal Revenue withholding tax on raw sugar, Sugar Regulatory Administrator Ma. Regina Martin said.

Trade and Industry Secretary GregoryDomingo, Agriculture Secretary Proceso Alcala and Agrarian Reform Secretary Virgilio de los Reyes have written to BIR Commissioner Kim Henares regarding the complaints of traders, farmers and agrarian reform beneficiaries, she said.

The Sugar Alliance of the Philippines is seeking an appointment with Finance Secretary Cesar Purisima, while Martin said she forwarded all the text messages she received from alarmed industry stakeholders to the BIR main office.moremoremore

Tax hearing held off,
 compromise explored

Regional Trial Court Judge Fernando Elumba of Branch 42 yesterday held in abeyance the hearing on the civil case filed by the Chamber of Real Estate Builder’s Association and Subdivision Housing Developers Association-Negros Occidental chapters against the City of Bacolod over the new Real Property Tax Code.

This was after the mayor met with the businessmen for a possible compromise agreement.

CREBA and SHDA had filed a civil case against the City of Bacolod et al to declare null and void C.O. No. 08-14-700, that updates the schedule of land valuation and real property in the city. They also sought the issuance of a temporary restraining order, calling it “unconstitutional, unlawful, oppressive, excessive and confiscatory.”.moremoremore

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Noreco 2 hiking power rate

An impending power rate increase by the Negros Oriental Cooperative 2 will be reflected in its February billings.

General manager Dionefred Macahig said in a press release that the increase is due to the rise in generation charges that makes up most of the billing charges.

Macahig said the increase for residential consumers is from P9.31 in January to P10.02 in February 2015. The low voltage consumers will increase from P8.46 to P9.17 in February, and high voltage consumers with an increase from P6.82 to P7.47 in February.moremoremore