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Bacolod City, Philippines Wednesday, September 9, 2020
PCC oks URC acquisition
of Roxas Holdings assets

The Philippine Competition Commission has approved the acquisition by Universal Robina Corporation of the assets of Roxas Holdings Inc., including the sugar milling and bioethanol distillery plants in La Carlota City, Negros Occidental.

PCC, on its website, yesterday said that the transaction involves the sugar milling, and bio-ethanol distillery assets of Central Azucarera de la Carlota Inc. and Roxol Bioenergy Corporation, respectively, the parcels of land of CA-Carlota and Roxol on which the assets are located, and the shares held by RHI in Najalin Agri-Ventures (NAVI).

The anti-trust body said that URC will acquire all buildings, improvements, machinery and equipment, laboratory equipment, and other related assets for operating the refinery and milling plant of CA-Carlota and the bioethanol plant of Roxol, as well as approximately 1,069,037 square meters and 391,826 square meters of land where the sellers’ assets are in La Carlota City, respectively.

ECC realigns P20M
for Covid-hit workers

The Employees’ Compensation Commission (ECC) yesterday said it has realigned P20 million to help more workers who contracted coronavirus disease 2019 due to work.

ECC executive director Stella Zipagan-Banawis said in a statement that realigning more than half of their information and communication budget for this year aims to increase its budget intended for cash assistance to help more workers from both public and private sectors, who tested positive of the virus while in the performance of their duties.

A cash aid of P10,000 for sickness and P15,000 for death is a special project of the ECC under its Quick Response Program that aims to provide qualified workers and/or their families with immediate financial support.


ButtonPCC oks URC acquisition of Roxas Holdings assets
ButtonECC realigns P20M for Covid-hit workers
ButtonSSS pension loan releases reach P5B

ButtonRisk-on sentiments boost peso, equities index
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