Capitol posts P3.5B revenue in 2017

Morexette B. Erram 01/10/2018

  THE provincial government of Cebu has exceeded its target income of P3.3 billion for the year 2017 by posting a P3.54 revenue by the end of the year.   Provincial Treasurer Emmanuel Guial told reporters at…

LAND VALUE TO INCREASE

Cris Evert Lato-Ruffolo, Jose Santino S. Bunachita 01/09/2018

The failure of the Bureau of Internal Revenue (BIR) to revise zonal values for land over the past 12 years will soon take its toll on taxpayers in Cebu. BIR-13 is expected to implement a revised zonal…

City Hall to lower revenue targets

Jose Santino S. Bunachita 10/29/2017

With a smaller P6.3 billion proposed budget for next year, Cebu City Hall is less pressured to meet large target revenues to fund the proposal. The Local Finance Committee (LFC) of the executive department has decreased some…

Town’s revenue collection up, health services improved

Doris C. Bongcac 09/17/2017

  INCREASED revenue generation and improved health services were the highlights of the State of the Municipality Address (Soma) which Barili Mayor Marlon Garcia delivered on Friday afternoon. Garcia also made a commitment to pursue a “Zero…

‘Die Beautiful’ and ‘Vince & Kath & James’ emerge as top grossing MMFF 2016 films

Apple Ta-as 01/05/2017

THE FILMS “Die Beautiful” by Jun Robles Lana and Star Cinema’s “Vince & Kath & James” were named as the highest-grossing entries for the Metro Manila Film Festival 2016, based on ticket sales from Metro Manila and…

Osmeña files ‘tax fraud’ complaint vs BDO-Magallanes

Izobelle T. Pulgo, Nestle L. Semilla, Victor Anthony V. Silva 01/04/2017

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…

Osmeña considers Kalunasan as new city jail site

Inna Mejia 11/17/2016

CEBU City Mayor Tomas Osmeña said the city government has yet to find a suitable site for a new jail facility. The mayor said this after Councilor Joel Garganera questioned his plan of converting the Inayawan landfill…

Exec: Cebu port cuts 7-month revenue shortfall to P540M

Victor Anthony V. Silva 08/07/2016

THE Cebu Port has cut by 4.5 percent or P540 million its revenue shortfall in the first seven months of the year. Acting Cebu Customs District Collector Rico Rey Francis Holganza said yesterday that the Cebu Port…

Aboitiz Group reports profit decline

Marites Villamor Ilano 03/09/2016

Power still biggest contributor; real estate arm sets P4.6 billion capital expenditure Despite a higher profit in the fourth quarter of 2015, Aboitiz Equity Ventures, Inc. (AEV) reported a 4-percent decline in its consolidated net income last…

Mandaue raises revenue collection for February

Nestle L. Semilla 02/24/2016

Mandaue City more than doubled its revenue collection this month compared to the same period last month. Mandaue City Treasurer Regal Oliva said they collected P504 million this month or 125 percent more than the P256 million…

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