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The Bank of the Philippine Islands apologized on Tuesday after getting negative reactions from clients regarding its recent warnings on losing access to their ATMs (automated teller machines) if they won’t update information requirements. “Last Friday and…
THE mid-year bonus due to Cebu City government employees will remain in limbo until City Hall can find where to source the money, Acting Mayor Margarita “Margot” Osmeña said yesterday. The decision of the four-man city council…
Team Rama dads disapprove 2016 budget ordinance Bad news for Cebu City hall employees. The mid-year bonus equivalent to one month’s pay, which they have been waiting for since May 15, may not be released this month…
THE Cebu City Council appointed a new chairman for the budget and finance committee during their regular Wednesday morning session. Councilor James Cuenco took over the committee chairmanship from Cebu City acting Mayor Margot Osmeña. This followed…
CEBU City Treasurer Diwa Cuevas yesterday admitted that suspended Mayor Michael Rama knew nothing about the financial status of Cebu City. She also admitted that she did not even give Rama the city’s cash position. “It’s okay…
Just ‘tip of the iceberg:’ Transition team uncovers ‘millions of pesos’ in unaccounted for disbursements Describing Cebu City’s finances as being in “disarray,” the team led by Acting City Mayor Margot Osmeña is now tracking millions of…
A TOP executive of the Cebu Bankers’ Club (CBC) has assured the public that banks in the Philippines remain secure despite recent news of scams and frauds. Maximo Rey Eleccion, CBC president, gave the assurance yesterday amid…
Over P241 million was released from the Capitol’s development fund to local government units in the province of Cebu from last year to March this year. Provincial Information Officer Ethel Natera said early this week that the…
State auditors again reminded the Cebu City government to revise its schedule of market values (SMV) of real properties in order to update the city’s real property tax collection. Cebu City Mayor Michael Rama reiterated that consultations…
Cebu Gov. Hilario Davide III is keen on following the Notices of Disallowance issued by the Commission on Audit (COA) to expenditures of the previous administration to the letter — return the money. But the governor said…
Cebu City Mayor Michael Rama called on the Commission on Audit to be careful in labeling transactions entered into by the city government as ‘illegal’ in the absence of any court ruling declaring them as such. “If…
The Ramon Aboitiz Foundation Inc. (RAFI) Micro-finance program held its 10th general assembly last Jan. 25 at the University of San Jose-Recoletos gymnasium in barangay Basak Pardo, Cebu City. Dubbed as “Fiesta sa RAFI Micro-finance: A Thanksgiving…
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