Senior citizens financial assistance in Cebu City to be released on May 28

Delta Dyrecka Letigio 05/26/2022

CEBU CITY, Philippines — Senior citizens in Cebu City will once again get their financial assistance on May 28, 2022, covering  April and May 2022 worth P2,000. City Treasurer Mare Vae Reyes said that the roll-out will…

Some teachers lose P26K to P121K each in alleged bank hacking – group

Daniza Fernandez 01/24/2022

MANILA, Philippines — Some teachers lost at least P26,000 to P121,000 each after their Landbank accounts were allegedly hacked, the Teachers’ Dignity Coalition (TDC) said on Monday, January 24, 2022. According to the coalition, members have reported…

Mandaue to release in December P4K aid of seniors through ATMs

Mary Rose Sagarino 09/20/2021

MANDAUE CITY, Philippines — The Mandaue City government will be giving this December the financial assistance for senior citizens through their ATM cards. City Councilor Cesar Cabahug Jr., chairman of the commitee on Senior Citizens Affairs, said…

Seniors’ cash aid to be given before March ends, says Labella

Morexette Marie B. Erram 03/08/2021

CEBU CITY, Philippines – The cash aid for senior citizens here will be distributed before the end of March, Cebu City Mayor Edgardo Labella said on Monday, March 8, 2021. Labella, in a post on his social…

Capitol, banks eye P20 B start-up for countryside dev’t

Rosalie O. Abatayo 05/26/2020

CEBU CITY, Philippines — The Cebu provincial government will be partnering with three banks to put up a P20 billion fund to capacitate farmers and fisherfolks for countryside development and to achieve self-sufficiency for the province. In…

Aid for elderly: Cebu City eyes distributing cash card

Morexette Marie B. Erram 04/06/2020

CEBU CITY, Philippines – The Cebu City government is considering using cash cards as a means of distributing financial assistance for senior citizens in the city. At a press conference on Monday, April 6, 2020, Cebu City…

Cebu City determined to pay off SRP loan before 2022

Delta Dyrecka Letigio 02/08/2020

CEBU CITY, Philippines — The Cebu City government is determined to pay off before the end of Mayor Edgardo Labella’s term the balance left of its P4.65 billion loan from the Japan International Cooperation Agency (Jica) for…

Cebu City assures Landbank: We will pay SRP loan

Delta Dyrecka Letigio 07/30/2019

CEBU CITY, Philippines — The Cebu City government promised the Land Bank of the Philippines (LBP) that the city would pay off the P1.7 billion standing balance left of its P4.65 billion loan from the Japan International…

Duterte warns LBP: Fulfill mandate or be abolished

07/22/2019

MANILA, Philippines — President Rodrigo Duterte has threatened to shut down state-run Land Bank of the Philippines (LBP). “What the heck is wrong with you? You are supposed to finance agricultural enterprises and endeavors,” Duterte said in his fourth…

Landbank seeks payment of P200M SRP loan

Morexette B. Erram 08/21/2018

The Land Bank of the Philippines (LBP) has asked the Cebu City government to pay around P200 million or roughly 392 million Japanese yen as part of its loan for the reclamation of the South Road Properties…

Cebu Landmasters doubles landbank portfolio in VisMin

Cris Evert Lato-Ruffolo 08/10/2018

SINCE it made its initial public offering year, the landbank of Cebu Landmasters Inc. (CLI) has doubled to 120 hectares across different locations in the Visayas and Mindanao. This was revealed by Jose “Joe” Soberano III and…

CHI ups leasing, landbank portfolios with CPVDC merger

Jose Santino S. Bunachita 04/10/2018

A more balanced portfolio and complementary landbank and resources are expected with the merger of Ayala-led Cebu Holdings Inc. (CHI) and its subsidiary Cebu Property Ventures Development Corp. (CPVDC). The merger was formally approved in separate stockholders’…

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