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SKIMMING LANDBANK A Mustang seen in a Landbank-Banilad CCTV footage leads NBI agents to the Romanians living in a high-end condominium in Cebu City Agents of the National Bureau of Investigation in Central Visayas (NBI-7) yesterday arrested…
SKIMMING LANDBANK The National Bureau of Investigation in Central Visayas (NBI-7) has stepped into the series of unauthorized automated teller machine (ATM) withdrawals in Cebu by unidentified scam artists who have victimized at least 50 government employees,…
Cebu City Mayor Tomas Osmeña has lodged a complaint before the Office of the City Prosecutor against the Magallanes branch of Banco de Oro (BDO) for alleged tax fraud after the branch declared a gross annual revenue…
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…
SEVERAL items under the revised P9.8 billion annual budget for Cebu City this year are expected to be disapproved by the City Council. The biggest item, the P2.4 billion prepayment of the South Road Properties (SRP) loan,…
Land Bank of the Philippines cash cards containing the honorarium for each teacher who served during the May 9 elections are ready for distribution, the Commission on Elections (Comelec) said. Acting Cebu provincial election supervisor said a…
MORE than 12,000 cash cards from the Landbank of the Philippines are ready for distribution to election inspectors in the province, the Commission on Elections (Comelec) said. Acting Cebu provincial election supervisor Eliseo Labaria said 12,198 ATM…
BO-PK bloc accuses Rama of manipulating situation to pressure approval of SB1 What the Land Bank of the Philippines sent to Cebu City Mayor Michael Rama was a “reminder” and not a demand for the payment of…
Mayor Rama wants to again pay the SRP loan in full Cebu City Mayor Michael Rama is making another attempt to get the opposition-dominated City Council to bend to his will that the South Road Properties (SRP)…
Just when Cebu City was about to lose face for failing to pay the P173-million amortization for the South Road Properties (SRP) loan, Mayor Michael Rama announced that Landbank agreed to defer the payment, plus charges, to…
The Cebu City government may pay the amortization for the South Road Properties (SRP) loan on Aug. 20, instead of Feb. 20, but will have to pay certain charges. The Feb. 20 payable, around 440 million yen…
Cebu City Mayor Michael Rama would rather have the city government declared in default and sued for payment of the South Road Properties (SRP) loan than bow down to Bando Osmeña-Pundok Kauswagan (BO-PK) councilors. He’s not budging…
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