The Province of Oriental Negros has allocated a premium of P1 million for the purchase of palay through the National Food Authority's Palay Marketing Assistance for Legislators and Local Government Units.

NFA said in its report released this week that the amount is equivalent to an additional P2 per kilogram on top of the support price set by the agency that recently entered into an agreement with provincial government of Oriental Negros with rice requirement of 10,000 bags.

Under the marketing assistance program, which seeks to maximize the income of palay farmers, the NFA enters into agreements with LGUs and legislators to provide additional premium for the purchase of palay.

Sugar prices continue fall

Prices of "B" or raw sugar dipped further this week, hitting the P1,150 per 50-kilo Lkg. level, price monitor shows.

In the last three weeks, prices have continued to fall. It was between P1,205 and P1,285 per Lkg. on March 2; between P1,185 and P1,255 on March 9; and between P1,150 and P1,213.89 on March 16.

At the bidding Thursday, HPCO's UNIFED sold its "B" stocks at P1,213.89 and AHSSI/APSSI, P1,212.89; Central Azucarera de La Carlota's UNIFED, P1,195.89 and AALCPI, P1,200;

Kabayan Hotels promo on

Kabayan Hotels yesterday announced its 5th anniversary offering dubbed, "Bigay Hilig sa Presyong Sulit," that offers promo rates with added premiums.

Marketing manager Jake Mercado II said at a press conference in Bacolod City yesterday that the promo, which runs until May 31, 2006, is available at Kabayan Hotel Pasay and Kabayan Hotel Cubao that serves overseas Filipino workers and provincial-based travelers.

Mercado said that the 109-room Kabayan Hotel Pasay continues to enjoy 96 percent occupancy rate and has an average of four guests daily from Bacolod. He said that their promo, available for Premium, Deluxe and Superior Rooms, includes breakfast for two at Pinoy Star Café; roundtrip airport transfers to Kabayan Hotel Pasay, and roundtrip bus terminal transfers to Kabayan Hotel Cubao; mobile phone load; a choice of MRT or LRT card worth P100; and unlimited local phone calls.

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