Cebu Province is now debt-free proclaims Gwen

Mae Fhel Gom-os 08/06/2021

CEBU CITY, Philippines – With no existing loans or financial obligations from any institution, and with surging assets and increasing income, you can’t really blame Cebu Governor Gwendolyn Garcia to feel extra proud these days. Garcia announced…

DBP increases loan portfolio; sustains deposit growth in 1Q 2021

08/06/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) continues to broaden its support for the developmental projects of key economic sectors with P414.72-billion in total loans to borrowers as of the end of March…

PH fails to get reinsurers for gov’t assets at risk from natural disasters

Ben O. de Vera 12/26/2019

The government has failed to hire reinsurers for the planned one-year program to protect government assets in areas prone to natural disasters. National Treasurer Rosalia de Leon told the Inquirer there was a “failed bidding” for the…

Inventory of Barangay Mambaling’s assets stalled due to dispute between two chiefs

Delta Dyrecka Letigio 02/11/2019

CEBU CITY, Philippines – Inventory of Barangay Mambaling’s assets is proving to be more difficult than expected with two village chiefs holding fort in the barangay hall. Barangay Captain Gines Abellana refused to vacate his post despite…

New measures to save Sinulog Foundation P800K

Morexette Marie B. Erram 01/03/2019

  CEBU CITY, Philippines — Starting this year, the Sinulog Foundation Inc. (SFI) will start utilizing their seldom used assets so that they can cut costs for the highly anticipated Sinulog Festival.  This was one of the…

PNP bans ‘Ang Probinsyano’ from using police assets, personnel

Inquirer.net 11/18/2018

The Philippine National Police (PNP) has ordered all its units to stop allowing the teleserye “Ang Probinsyano” from using their personnel, equipment, and facilities, following the show’s alleged negative portrayal of the agency. “All units, offices, and…

PH Navy shows off capabilities, assets

Inquirer.net 05/23/2018

For the first time in 20 years, the Philippine Navy showcased its capabilities and assets during its 120th anniversary celebration on Tuesday at Coconut Palace in Manila. President Rodrigo Duterte, the guest of honor and the military’s…

PDIC to auction P32.9M Visayas assets including three Cebu lots

University of San Carlos Intern Steffi Kyle Nolido 11/24/2017

TWO residential lots and a commercial property in Cebu with a total land area of 3,421 sq.m. are among the P32.9 million worth of assets to be auctioned by the Philippine Deposit Insurance Corp. (PDIC) at the…

Let the sunshine in

Editorial 09/25/2017

We find it troubling that several chief executives in Cebu failed to submit their statement of assets, liabilities, and net worth (SALN) for 2016. The deadline for the submission of the documents in which government employees are…

Sabalones’ assets permanently on hold

Migeul Ernest Ermac 09/04/2017

A court sheriff, accompanied by agents of the Philippine Drug Enforcement Agency in Central Visayas (PDEA-7), served another court order against self-confessed drug lord Franz Sabalones, on Monday. The order issued by Cebu RTC Judge Gilbert Moises…

PNP MOVES TO SEIZE SLAIN COP’S ASSETS

Rosalie Abatayo 08/17/2017

Not even death can extinguish PO3 Ryan Quiamco’s run-ins with the law. The Internal Affairs Services (IAS) of the Philippine National Police (PNP) is seeking the forfeiture of Quiamco’s properties that are believed to be acquired through…

Court freezes Sabalones’ bank, real estate assets

Benjie B. Talisic, Chris Ligan, Winston P. Ensomo 08/11/2017

Accompanied by a court sheriff, agents of the Philippine Drug Enforcement Agency in Central Visayas (PDEA-7) on Friday served a court-issued freeze order on the bank accounts of self-confessed drug lord Franz Sabalones. Executive Judge Gilbert Moises…

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