Cebu Customs posts P3 billion ‘collection surplus’

Morexette Marie B. Erram 12/25/2020

CEBU CITY, Philippines – The Bureau of Customs in the Port of Cebu (BOC-Cebu) is expecting its P3 billion worth of ‘collection surplus’ to increase before 2020 ends. BOC-Cebu, in a press release dated and published on…

Huawei founder says revenue will be billions below forecast

06/18/2019

SHENZHEN, China — Huawei’s founder said Monday that the Chinese telecom giant’s revenue will be $30 billion less than forecast over the next two years, as he compared the company to a “badly damaged plane” as a…

Cebu City Hall nears P6.1B revenue target

Morexette Marie B. Erram 11/25/2018

Cebu City Hall has one month and a week to go and more than half a million pesos to collect in order to reach its P6.1 billion revenue target for fiscal year 2018. Acting City Treasurer Veronica…

Terminal revenue fees down due to Mambaling traffic

Jessa Mae O. Sotto 07/28/2018

Revenue from terminal fees went down in the first half of this year for the Cebu South Bus Terminal compared to the same period last year. From P34.1 million in the first quarter of 2017, terminal revenue…

Use oil, gas revenue to fuel town’s growth, Duterte tells officials

Marc Eric Cosep 05/19/2018

President President Rodrigo Duterte called on officials of Alegria town in southern Cebu to plan the municipality’s development amid the imminent launching of oil and gas production in one of their barangays. Clad in dark polo shirt…

Mandaue’s first quarter revenue collections hit P1.5B

Nestle L. Semilla 05/02/2018

MANDAUE City earned P1.5 billion during the first quarter of this year. Mandaue City Treasurer Regal Oliva said in an interview on Wednesday, an estimated P200 million higher than last year’s first quarter revenue collection. “We already…

Capitol posts P3.5B revenue in 2017

Morexette B. Erram 01/10/2018

  THE provincial government of Cebu has exceeded its target income of P3.3 billion for the year 2017 by posting a P3.54 revenue by the end of the year.   Provincial Treasurer Emmanuel Guial told reporters at…

LAND VALUE TO INCREASE

Cris Evert Lato-Ruffolo, Jose Santino S. Bunachita 01/09/2018

The failure of the Bureau of Internal Revenue (BIR) to revise zonal values for land over the past 12 years will soon take its toll on taxpayers in Cebu. BIR-13 is expected to implement a revised zonal…

City Hall to lower revenue targets

Jose Santino S. Bunachita 10/29/2017

With a smaller P6.3 billion proposed budget for next year, Cebu City Hall is less pressured to meet large target revenues to fund the proposal. The Local Finance Committee (LFC) of the executive department has decreased some…

Town’s revenue collection up, health services improved

Doris C. Bongcac 09/17/2017

  INCREASED revenue generation and improved health services were the highlights of the State of the Municipality Address (Soma) which Barili Mayor Marlon Garcia delivered on Friday afternoon. Garcia also made a commitment to pursue a “Zero…

‘Die Beautiful’ and ‘Vince & Kath & James’ emerge as top grossing MMFF 2016 films

Apple Ta-as 01/05/2017

THE FILMS “Die Beautiful” by Jun Robles Lana and Star Cinema’s “Vince & Kath & James” were named as the highest-grossing entries for the Metro Manila Film Festival 2016, based on ticket sales from Metro Manila and…

Osmeña files ‘tax fraud’ complaint vs BDO-Magallanes

Izobelle T. Pulgo, Nestle L. Semilla, Victor Anthony V. Silva 01/04/2017

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…

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