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The Cebu Bankers Club (CBC) issued an advisory to the banking public amid reports of suspected skimming incidents on Land Bank of the Philippines (LBP) automated teller machines (ATM) in Cebu City over the weekend. Eugene Rigodon,…
After taking two years to proceed with the procurement of P227-million worth of light and heavy equipment that will be used for road repairs and maintenance in the province, the project has yet met another delay —…
Following a string of unauthorized automated teller machine (ATM) withdrawals in Cebu by still unidentified scam artists, a member of the Cebu City Council, who was himself a victim, is now drafting a law that will require…
Even if it isn’t Christmas or the holidays, one can reasonably expect robbers to prowl the city streets 24/7 looking for their next victim/s, and today’s technology only made them more versatile and cunning in their thievery.…
Over P400,000 lost by 8 victims, including Cebu City Councilor Dave Tumulak Eight persons, including Cebu City Councilor Dave Tumulak, have fallen victim to automated teller machine (ATM) scams by foreign-looking nationals who withdraw more than P400,000…
THE Land Bank of the Philippines agreed to reduce the interest of the Cebu City government’s loan payments of the South Road Properties. LBP granted the request of the city government to reduce the interest from 2…
THE Land Bank of the Philippines reduce the interest rate on Cebu City’s loan for the South Road Properties (SRP) from two percent to 1.5 percent. The Cebu City Local Finance Committee met with LBP officials Monday…
EVEN with a reenacted budget for this year, Cebu City managed to pay P240.3 million for its South Road Properties (SRP) loan amortization. Cebu City Acting Mayor Margot Osmeña said the amount represents the amortization due last…
A FORMER Tisa barangay chairman submitted a written explanation on his failure to submit a liquidation on the P42.6 million worth of disbursements made by his office from January 2007 to November 2012. In a letter he…
THE Land Bank of the Philippines (LBP) supported the Cebu City government’s plan to preterminate its loan for the South Road Properties (SRP). In a letter dated November 9, LBP president Gilda Pico told Bangko Sentral ng…
Cebu City Mayor Michael Rama is requesting the Land Bank of the Philippines (LBP) to waive a P43 million penalty for the pre-termination of the city’s loan for the South Road Properties (SRP). In a letter to…
THE Cebu City Council wants the Land Bank of the Philippines (LBP) to assume the one percent guarantee fee for the city’s South Road Properties (SRP) loan. The resolution authored by Councilor Margot Osmeña stated that the…
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