ILOILO CITY – Business expectation in Western Visayas is bullish for the last quarter of the year, a lift from the less positive outlook this third quarter of 2018.
Marriel Remulla, deputy director of the Department of Economic Statistics of the Bangko Sentral ng Pilipinas, said the less positive outlook was attributed to the decrease in demand, higher operational expenses, presence of new competitors, and increase in minimum wage that took effect in July.
CACI starts milling Monday
Central Azucarera de La Carlota Inc. (CACI) will commence milling operations for Crop Year 2018-2019 on Monday, its press release said.
CACI is the primary sugar manufacturing facility of Roxas Holdings Inc. in Negros Occidental, that also manages sugar mill Central Azucarera Don Pedro Inc. in Batangas and ethanol producers with subsidiaries in the bio-energy sector namely, Roxol Bio-energy Corp. and the San Carlos Bio-power Energy Inc. in Negros Occidental.
It said it will start accepting canes at the plantsite and in its transloading stations tomorrow. The transloading stations are located in La Castellana, Ma-ao, Himamaylan, Kabankalan, Goce, Canlaon, Mabinay, Inapoy, Tabu, and Barras.