Land Bank deducts P240M for SRP payment

Nestle L. Semilla 06/21/2016

EVEN with a reenacted budget for this year, Cebu City managed to pay P240.3 million for its South Road Properties (SRP) loan amortization. Cebu City Acting Mayor Margot Osmeña said the amount represents the amortization due last…

Team ACR’s Chua is Quick 8 champ in Drag Wars 2

Brian J. Ochoa 06/08/2016

Ferdie Chua of team ACR logged the best time and won the Quick 8 open title in the Drag Wars 2 held last weekend at the Baywalk strip of the South Road Properties. Chua drove his Nissan…

Tug of war

Editorial 05/30/2016

On the surface, it’s understandable why 42 barangay officials affiliated with Team Rama were reluctant, even strongly opposed, to Acting Cebu City Mayor Margot Osmeña’s order to recall all city government-issued vehicles, including theirs, back to the…

Unaware?

05/25/2016

For someone who prides himself as being a capable manager and human resources expert, outgoing Cebu City mayor Michael Rama appears to be too trusting and lax when it comes to dealing with the city’s finances. In…

SRP loan prepayment to be cut from 2016 budget

Jose Santino S. Bunachita 05/16/2016

SEVERAL items under the revised P9.8 billion annual budget for Cebu City this year are expected to be disapproved by the City Council. The biggest item, the P2.4 billion prepayment of the South Road Properties (SRP) loan,…

Rama and Osmeña

Ricky Poca 05/16/2016

After being clobbered in last week’s elections, there’s more bad news for outgoing Cebu City Mayor Michael Rama. The Commission on Elections (Comelec) agreed last weekend to allow the Department of Interior and Local Government to enforce…

Visiting runners sizzle in 2nd Flame It! Run

Glendale G. Rosal 05/15/2016

Visiting runners took the spotlight in yesterday’s 2nd Flame It! Burger Run held at the Sugbu grounds in South Road Properties (SRP), Cebu City. Kenya’s Abraham Kilimo ruled the men’s 21-kilometer race with a time of one…

PAYBACK TIME

Jose Santino S. Bunachita 05/11/2016

  Tommy O wants to revoke SRP lots sale to Ayala-SM, Filinvest Less than two days after he was proclaimed as winner, Cebu City Mayor-elect Tomas Osmeña has managed to spark a contentious debate by saying he…

V-hire terminal to be transferred to SM Seaside

Rey Anthony Anacleto 04/14/2016

More than 200 vans-for-hire (V-hire) will soon move from their temporary terminal at the Compaña Maritima to the SM Seaside City Cebu mall at the South Road Properties. The Cebu City government, SM Seaside management and V-hire…

Flame It! burger run to feature longer distances

Glendale G. Rosal 04/10/2016

A BIGGER and better Flame It! Burger Run will fire off on May 15 at the Sugbo grounds in South Road Properties (SRP). The run had a maiden edition last year, and this year’s race will feature…

Rama promises bigger projects for ‘11-0′

Jose Santino S. Bunachita, Michaela Jaycel L. Dolores 04/07/2016

An upgraded traffic system, a city college, a bigger City Hall building in the South Road Properties (SRP) and even bigger roads in Cebu City. Mayor Michael Rama promised to implement these and more if he and…

BIR posts double-digit deficits in Cebu, Bohol

Vanessa Claire Lucero 03/20/2016

Revenue district offices in Cebu and Bohol failed to meet their collection targets, incurring double-digit deficits  in the first two months of the year. Cumulatively, the five Bureau of Internal Revenue (BIR) offices in Mandaue City, Cebu…

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