World Bank: BRT still viable

Morexette Marie B. Erram 06/13/2018

IMPLEMENTING the P17-billion stalled Cebu Bus Rapid Transit (BRT) project still remains a viable solution on addressing traffic congestion in Cebu City. This was the assessment of the World Bank (WB) in its Implementation Status and Results…

World Bank downgrades Cebu BRT’s Project Development Objectives

Morexette B. Erram 06/13/2018

Due to multiple delays it incurred over the past years, can the Cebu Bus Rapid Transit (BRT) fully achieve its objectives in addressing traffic congestion in Cebu City? Findings from the World Bank’s (WB) Implementation Status and…

Tugade to discuss Cebu BRT’s fate with World Bank reps

Jose Santino S. Bunachita 06/07/2018

Transportation Secretary Arthur Tugade said they will be meeting with representatives of World Bank in Cebu tomorrow, June 8, as a “last-ditch effort” to resolve the fate of the P27-billion Cebu Bus Rapid Transit (BRT) project. Representatives…

Cobras bank on Acha to topple Bulls

Jonas Rey N. Panerio 04/10/2018

VERSATILE forward Jose Acha proved to be an unstoppable offensive force as he carried the Cobras past the Bulls, 107-97 in the Tanduay Athletics x Metro Cebu Basketball League – CWBC last Sunday at the City Sports…

Duterte bank accounts open to anyone except Trillanes — Roque

Inquirer.net 03/08/2018

PRESIDENT Rodrigo Duterte’s wealth is always open for scrutiny by anyone except Sen. Antonio Trillanes IV, Malacañang said on Thursday, maintaining that the Chief Executive has nothing to hide. “Sabi po niya kahit sino puwedeng tingnan ang…

House OKs life term for bank hacking, ATM skimming

Inquirer.net 02/07/2018

The House of Representatives has passed a measure meting out the penalty of life imprisonment for the hacking of a bank’s systems, which would be considered a form of economic sabotage. House Bill No. 6710, which was…

Overseas Filipino Bank to be launched this month

Inquirer.net 01/11/2018

THE acquisition by the Land Bank of the Philippines of the Philippine Postal Savings Bank has been green-lighted by the country’s anti-trust body, paving the way for the launch of the Overseas Filipino Bank (OFB) later this…

Union Bank group acquires Isabela’s PR Savings Bank

Inquirer.net 01/02/2018

City Savings Bank Inc. (CitySavings), Aboitiz-led Union Bank’s thrift banking arm, has struck a deal to acquire Philippine Resources Savings Bank (PR Savings), a 102-branch thrift bank based in Isabela. “This acquisition will expand our mass market…

City eyes P3B LBP loan offer

Jose Santino S. Bunachita 10/31/2017

  Cebu City Mayor Tomas Osmeña is planning to avail of the P3-billion loan with the Land Bank of the Philippines (LBP) to fund various infrastructure, drainage and road concreting projects. If pursued, City Hall will have…

‘Expert’ sold fake bank info to Palace official for P10M

Inquirer.net 10/03/2017

Trillanes’ claim A person who claimed to be a “financial forensic expert” was the source of the false bank information on Sen. Antonio Trillanes IV and sold it to the Duterte administration, the senator said on Tuesday.…

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