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…
