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Cebu City Mayor Tomas Osmeña’s battle with BDO Unibank, Inc., is far from over, and he is ready to take the matter all the way up to the Supreme Court or even the President if need be.…
A Cebu Regional Trial Court (RTC) has prohibited Cebu City Mayor Tomas Osmeña from closing any BDO branch in the city. Judge Gilbert Moises of Branch 18 of the RTC in Cebu City also directed Osmeña to…
After Banco De Oro’s Magallanes branch, Cebu City Mayor Tomas Osmeña issued another show cause notice against BDO; but this time, it is the bank’s Cebu Osmeña branch. Osmeña provided the media with copies of the notice…
The legal teams of Banco de Oro (BDO) and the Cebu City government failed to reach an agreement during a court chamber conference hearing on Tuesday. This means that the court mandated status quo order, which prevents…
He may have the evidence to justify the closure of BDO’s Magallanes branch but exactly how far is Cebu City Mayor Tomas Osmeña willing to take his feud with SM, Ayala and Filinvest? The court’s restraining order…
The Regional Trial Court yesterday extended the Temporary Restraining Order (TRO) it granted to Banco de Oro (BDO) Unibank and ordered a Status Quo Ante to afford BDO and the Cebu City government a chance to come…
DEPOSITORS of Banco de Oro (BDO) along Magallanes Street in Cebu City can still conduct business in the bank for as long as it remains open. Cebu City Mayor Tomas Osmeña said that he did not have…
The Cebu City government will not process the applications for the renewal of business permits filed by SM Prime Holdings Inc. (SMPHI), the operator of SM Seaside City Cebu, and the Magallanes branch of Banco de Oro…
To be sure, Cebu City Mayor Tomas Osmeña’s crackdown on institutions he suspects have skipped on paying taxes to the city isn’t a new thing especially to those familiar with his decades-long rule. There is that tax…
Cebu City Mayor Tomas Osmeña is personally reviewing the business permit applications of three banks in Cebu City as he ordered the City Treasurer’s Office (CTO) not to process their renewals. He said East West Bank, Bank…
Cebu City Mayor Tomas Osmeña has lodged a complaint before the Office of the City Prosecutor against the Magallanes branch of Banco de Oro (BDO) for alleged tax fraud after the branch declared a gross annual revenue…
Cebu Mayor Tomas Osmeña has filed a complaint before the Office of the City Prosecutor, claiming that Banco de Oro – Magallanes Branch has committed “tax fraud”. Osmeña said that BDO-Magallanes declared a gross annual revenue of…
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