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CEBU CITY, Philippines — Cebu City expects that out of the P360 billion investment the SM-Ayala consortium will put into a 26-hectare lot at the South Road Properties (SRP), taxes worth P22 billion will be collected. Mayor…
CEBU CITY, Philippines—Former Cebu City mayor Tomas Osmeña said the P316 billion investment of the SM-Ayala Consortium at the South Road Properties (SRP) is simply a diversion to the legal issues surrounding the sale of the 45-hectare…
CEBU CITY, Philippines — The consortium of SM Prime Holdings Inc. (SMPHI) and Ayala Land Inc. (ALI) will be contributing P22 billion to the city coffers coming from fees and taxes of the P310-billion development within its…
CEBU CITY, Philippines — After three years, the land development permit of the SM-Ayala consortium for the 26-hectare property at the South Road Properties (SRP) has finally been approved by the Cebu City Council. The permit was…
CEBU CITY, Philippines — Cebu City can collect a total of P16.3 billion from the sale of a 45-hectare lot at the South Road Properties (SRP) if the city will open its treasury to accept the payment.…
CEBU CITY, Philippines — The Cebu City Legal Office is waiting for the court order on the withdrawal of the petition for declaratory relief to void the 2015 sale of a 45-hectare South Road Properties (SRP) lot…
CEBU City mayor Tomas Osmeña said he is not afraid of the cases filed against him by a barangay captain. Last week, Ramil Ayuman, barangay captain of Apas, filed criminal and administrative complaints before the Ombudsman-Visayas against…
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