Thursday, August 18, 2022

Negros Occidental To Open Food Terminal Market To Generate More Revenue

Negros Occidental To Open Food Terminal Market To Generate More Revenue

Spotlight

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Negros Occidental provincial government is tapping its economic enterprise facilities, particularly the food terminal market located at the North Capitol Road here, to generate bigger income as the province expects a lower annual budget in 2023.

Provincial Administrator Rayfrando Diaz II said on Wednesday, the Economic Enterprise Development Department (EEDD) was set to sign contracts with the lessees.

“This is the challenge given to us by Governor (Eugenio Jose) Lacson,” he told reporters.

On Tuesday, Lacson said he wanted to start the operations of the Food Terminal Market of Negros Occidental as it would mean additional income for the province.

The national tax allotment for local government units will be reduced next year following a decrease in collection by revenue agencies due to the coronavirus disease 2019 pandemic.

Lacson said a lower budget would also mean adjustments in the financial assistance being granted by the province to the various sectors.

Meanwhile, the EEDD has awarded lease contracts for 55 stalls, of which four are kitchens, at the food terminal market, which will be turned over on August 8
.
The PHP114.6-million two-story building also has several conference and function rooms for small meetings and large gatherings.

Other economic enterprises owned by the provincial government include the Negros Residences hostel, Mambukal Resort, and Wildlife Sanctuary, and the Negros First Cyber Centre. (PNA)

Latest News

Spotlight

The Talk

Poe: Give Hybrid Work Arrangement A Chance, Solve Workers’ Woes, Save Lives

Sen. Grace Poe asked the entire government to allow modern technologies for hybrid work arrangements in the country to thrive in promoting inclusive economic growth.

DBM Oks Release Of P1.4-B Fund For Free EDSA Carousel Bus Rides

The Department of Budget and Management has approved the release of 1.4 billion pesos of additional funds as the EDSA Carousel free rides will be extended.

400 Families In Bicol Get P15.3-M Cash Aid Via Bagong Pag-Asa Program

The Balik-Probinsya, Bagong Pag-Asa program have given a total 400 families their cash assistance.

Learners In Typhoon-Hit Southern Leyte To Hold Classes In Tents

Due to some classrooms being under repairs and constructions, some students in Southern Leyte are having their classes in tents.

DOH No Longer Supports Use Of Schools As Quarantine Facilities

Since home quarantine is already allowed, the Department of Health no longer supports the use of schools as isolation facilities for Covid-19 cases.

Entertainment

Travel

Motoring