In 2007, the Provincial Government has earmarked P2.2 million for the repair of the oval, which has played host to two National Palaro meets, the now-defunct national Batang Pinoy meet, and many school-based athletic events since it opened in May 1998. Despite the minor improvements, Panaad hosted a match between the
Philippines national football team and
Mongolia in the
2012 AFC Challenge Cup qualification on February 9, 2011 with an attendance of 20,000 people, filling the grandstand, bleachers, and standing room areas. game in 2018 The stadium was refurbished for the hosting of the home matches of
Ceres Negros at the
2016 AFC Cup. Fiber glass seats on the main grandstand for VIPs and the media tribune were installed. Media venues within the sports venue were also renovated particularly the press box, VIP rooms, press conference room, and the media working room. A VIP lounge and a new air conditioning system were also installed. By February 2016, the Negros Occidental Football Association were improving the floodlight illumination of the stadium. Works continued despite the
COVID-19 pandemic. The national games to be hosted in the province were postponed to 2023. The Panaad Stadium was inaugurated on March 30, 2023. ==Notable events at the Panaad Stadium==