Cebu City collects higher market revenue from Jan-April 2024

Niña Mae C. Oliverio 06/11/2024

CEBU CITY, Philippines — The Office of the City Markets (OCM) reported a higher market revenue of P48 million for the period January to April this year. In a report by Cebu City News, OCM Head Robert…

Finance chief Recto unveils ambitious target: P4.3T revenue this year

Ian Nicolas P. Cigaral 01/13/2024

Finance Secretary Ralph Recto, newly in his Cabinet role, aims to generate P4.3 trillion in revenue this year. The focus is on enhancing social services, generating jobs, and sustaining economic recovery despite the ongoing pandemic impact. The…

Aumentado reports making several ‘breakthroughs’ in his first year in office

Doris C. Bongcac 07/23/2023

MANDAUE CITY, Cebu – His first year in office paved the way for a lot of breakthroughs for the province of Bohol. Governor Erico Aris Aumentado said that since he occupied the Provincial Capitol, so much has…

Musk says Twitter has lost half its advertising revenue

Reuters 07/16/2023

New York, United States — Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. “We’re still negative cash flow, due to…

Additional tax take from sweetened drinks, salty foods to boost 2024 budget -DBM chief

Gabriel Pabico Lalu 06/21/2023

MANILA, Philippines — The increase in the proposed 2024 national budget is made possible by the expected revenue from the planned imposition of additional taxes on sweetened beverages and salty junk foods earlier than scheduled, Budget Secretary…

CCLEX turns 1; Cebu City, Cordova receive share of tollway bridge’s income

Wenilyn Sabalo 04/27/2023

CEBU CITY, Philippines — The Cebu Cordova Link Expressway (CCLEX) turns one year old this month with the local government units (LGUs) of Cebu City and Cordova set to receive P1.69 million each as their respective shares…

Cebu City eyes improving revenue measures to achieve tax collection target following Mayor Rama’s veto

Wenilyn B. Sabalo 02/17/2023

CEBU CITY, Philippines — While waiting for the new ordinance that would provide for the revision of the Omnibus Tax Code in Cebu City, the Local Finance Committee (LFC) is gearing towards implementing improved revenue measures for…

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…

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.