Rama seeks P1.6B for supplemental budget; largest allocation goes to SRP loan

Delta Dyrecka Letigio 02/28/2022

CEBU CITY, Philippines — Cebu City may finally be debt-free by August 2022 if the Cebu City Council passes Supplemental Budget No. 1 (SB 1) on the next regular session. The budget and finance committee has completed…

Councilor Ong questions legitimacy of passing P4.5B supplemental budget

Dyrecka Letigio 08/05/2021

CEBU CITY, Philippines — Cebu City Councilor Franklyn Ong, president of the Liga ng mga Barangay and Kasambagan village chief, has questioned the legitimacy of the passing of the P4.5 billion supplemental budget (SB) on July 28,…

Labella told: ‘Readjust’ P4.4B SB 1

Delta Dyrecka Letigio 07/06/2021

CEBU CITY, Philippines — Approval of the P4.4 billion supplemental budget request by Mayor Edgardo Labella may take a little longer than expected. This after members of the Cebu City Council decided to return Supplemental Budget No.…

PB to discuss P1.3-B supplemental budget 1 in August 5 session

Rosalie O. Abatayo 08/05/2019

CEBU CITY, Philippines— Members of the Cebu Provincial Board will tackle during their session this afternoon, August 5, the proposed P1.3 billion supplemental budget for the province’s general fund. Supplemental Budget No. 1 seeks to augment the…

Court dismisses mandamus case filed against BO-PK councilors

Ador Vincent S. Mayol 04/01/2016

CEBU CITY– The Regional Trial Court has dismissed the petition for mandamus filed by former Cebu City Councilor Jose Daluz against 10 Bando Osmeña Pundok Kauswagan (BO-PK) councilors to compel them to discuss Supplemental Budget (SB) No.…

Landbank letter a reminder, not warning, on SRP loan balance

Jose Santino S. Bunachita 03/03/2016

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…

BO-PK’s excuses

Ricky Poca 02/13/2016

Think Bits Councilor Margot Osmeña’s recent call to Mayor Michael Rama to submit a budget for the payment of the loan amortization to the South Road Properties (SRP) raised alarm bells at the prospect of the city…

RTC upholds validity of SRP lot sales

Nestle L. Semilla 12/29/2015

THE Regional Trial Court upheld the validity of the disposal of 45.2 hectares of the South Road Properties (SRP) lots to three real estate developers. Judge Alexander Acosta has denied the motion filed by Romulo Torres to…

No show for city budget session

Nestle L. Semilla 12/29/2015

Not enough Cebu City councilors showed up for yesterday’s special session to tackle the shelved Supplemental Budget (SB) 1, as expected. Only five came, prompting pro-Rama legislators to try set another one today. And this time, the…

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