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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…
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…
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…
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…
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…
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…
CEBU City Mayor Tomas Osmeña said the city government has yet to find a suitable site for a new jail facility. The mayor said this after Councilor Joel Garganera questioned his plan of converting the Inayawan landfill…
THE Cebu Port has cut by 4.5 percent or P540 million its revenue shortfall in the first seven months of the year. Acting Cebu Customs District Collector Rico Rey Francis Holganza said yesterday that the Cebu Port…
Power still biggest contributor; real estate arm sets P4.6 billion capital expenditure Despite a higher profit in the fourth quarter of 2015, Aboitiz Equity Ventures, Inc. (AEV) reported a 4-percent decline in its consolidated net income last…
Mandaue City more than doubled its revenue collection this month compared to the same period last month. Mandaue City Treasurer Regal Oliva said they collected P504 million this month or 125 percent more than the P256 million…
The year is not over yet, but Cebu City Hall has already exceeded its revenue collection target for this year. City Treasurer Diwa Cuevas credited the excess P3.8 billion from the down payment of the sale of…
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