- Source: http://www.philstar.com/cebu-business/2014/09/02/1364567/ilocos-norte-aims-revive-sisterhood-links-cebu
- Tuesday, September 2, 2014 12:00 am
- By Ehda M. Dagooc (The Freeman)
LAOAG, Ilocos Norte , Philippines — The provincial government of Ilocos Norte is going to intensify its existing sisterhood partnership with Cebu to further exchange mutual benefits in tourism and other industries.
In an interview with Ilocos Norte Governor Imee R. Marcos, she said that Cebu and Ilocos Norte have complementary strengths and that she is looking forward to discuss further developments with Cebu Governor Hilario Davide, Jr.
Ilocos Norte signed a sisterhood agreement with Cebu in July 2011 with then Governor Gwendolyn Garcia. Both provinces have already implemented exchange programs such as tourism promotion, linkages with the business organizations like Cebu Chamber of Commerce and Industry and Filipino-Chinese Chamber of Commerce and industry.
However, the partnership has taken a backseat due to the transition in government leadership and also the province’s attention was focused on the rehabilitation of areas devastated by the twin disasters last year.
Marcos said the province is going to initiate the revival of the sisterhood agreement, while Ilocos Norte now gears up for tourism advancement and would like to complement Cebu's tourism advantage.
"Cebu and Ilocos are perfect fit. Cebu has good beaches, fashion accessory. Good shopping facilities. While we are also offering good attraction in culture and heritage, and the wind and sand sport activities," Marcos said.
As tourism started to perk up in the province, the lady Governor is hoping to make stronger partnership with Cebu, including the tourism private sector players. The lack of hotel accommodation and over-booked airport are just few of the complementary exchanges that the two provinces can mutually benefit from.
Ilocos Norte has an international airport, situated in its capital Laoag City, wherein Marcos is actively inviting airlines to open international direct flights.
Known as the garlic basket in the Philippines, Ilocos Norte located at the northwest corner of Luzon Island, is also rich in other agricultural produce. About two or three years ago, Marcos said her province had been able to rescue the depleting supply of mangoes in Visayas and Mindanao, and aided to sustain the requirement of food manufacturing companies in Cebu like Profood International.
While rich in fertile agricultural lands, Marcos said Ilocanos are conservative in nature and naturally not enterprising like the Cebuanos.
"Cebu is good at wealth creation. This is something that we could learn from Cebu. The issue on inclusive. growth doesn’t apply here," she said.
Ilocos Norte's economy is largely driven by overseas remittances, as 61 percent of the total population is funded by Ilocanos who work, and reside in different countries around the world.
The sudden surge of tourism in the province, the Governor said is a "wake up call for us." She is also inviting investors to take advantage of the profitable tourism sector especially in hotel, and other support facilities.
Aside from the province’s well known heritage and cultural strength, Marcos said her government is constantly developing more attractions to boost repeat visitors.
Now Ilocos Norte boasts of its sprawling sand dunes for adventure sand dune ride, the new developments of multi-million-dollar windmills, improved Marcos trail, among others.
- Source: http://www.pna.gov.ph/index.php?nid=6&rid=678897
- Monday, September 1, 2014
- (PNA), LAP/EB/
CEBU CITY, Sept. 1 (PNA) -- The Cebu Port Authority (CPA) has set aside P52 million to buy and install 10 navigational buoys in the Mactan Channel to guide outgoing and incoming vessels to the Cebu port and avoid collision of vessels in the area, an official said.
Edmund Tan, CPA general manager, said the move is in response to the recommendation of the Board of Marine Inquiry (BMI) which looked into the collision of passenger ferry MV St. Thomas Aquinas and cargo vessel MV Sulpicio Express 7 on August 16 last year at the Lawis Ledge of the Mactan Channel.
The St. Aquinas sank, killing more than 100 passengers and crew and leaving more than a dozen others missing.
Tan said the BMI, chaired by Rear Admiral Luis Tuazon Jr., recommended the installation of buoys in Mactan Channel.
The BMI found that due to lack of guides, Sulpicio Express 7 skippered by Capt. Rolito Gilo was sailing in the inbound lane of the Traffic Separation Scheme (TSS) instead of the outbound lane because it was going out of Cebu City port for Davao City.
On the other hand, the BMI also found that St. Thomas Aquinas under vessel master Capt. Reynan Bermejo was running at 16 knots while approaching the mouth of TSS, knowing that an outbound vessel was near.
St. Thomas Aquinas, which sank after it collided with Sulpicio Express 7, is still in Lawis Ledge, which is about 120 meters deep. Some of the missing passengers are believed to be still inside it.
The BMI, in its recommendation, stated that navigational buoys can prevent similar incidents.
Tan said the recommendation was for the CPA to install at least 42 buoys, but they only appropriated P52 million for 10 buoys in the meantime due to limited budget.
He pledged that more buoys will be installed in the coming years.
Tan said that of the 10 buoys, three will be installed in the north side of the TSS and another three in the south side.
All the six will be colored red, yellow and green.
The red buoy will be in the right side while the green one is in the left side.
“All voyagers or navigators or seamen know that if they are going to port, they should be at the right side where the red buoy is located. If they are outbound, they must be at the left side where the green buoy is installed. There will be no short cuts,” Tan said.
The other four navigational buoys will be installed by CPA at areas where several vessels ran aground in the past years.
“These will serve as shallow markers and warnings to passing or approaching ships to avoid these areas because these are shallow and they may run aground,” Tan said.
All the navigation buoys that CPA will acquire will be guided by Global Positioning System (GPS), Tan said.
Tan said the CPA also signed a memorandum of agreement (MOA) with the Philippine Coast Guard for the installation of Vessel Traffic Management System (VTMS), which will monitor the movements of all vessels.
The VTMS project, which is targeted to be operational by 2016, is a grant from Japan International Cooperation Agency (JICA).
Mandaue honors top taxpayers
- Source: http://www.philstar.com/metro-cebu/2014/08/31/1363788/mandaue-honors-top-taxpayers
- Sunday, August 31, 2014 12:00 am
- By Flor Z. Perolina (The Freeman)
CEBU, Philippines - The Mandaue City government honored 41 top taxpayers in the city during the Taxpayer's Appreciation Night held at the City Sports and Cultural Center last Friday evening.
Vic Enterprises, Visayan Electric Company, Everjust Realty Development Corp. and Lucy Pharmacy are this year's top taxpayers in the different categories set by the city government while Wilson Ng topped the individual taxpayer for realty tax.
Vic Enterprises topped the business taxpayers for sole proprietorship while VECO led 11 top corporate taxpayers.
Everjust Realty Development Corp. was ranked no. 1 in the business taxpayers for realty tax while Lucy Pharmacy also topped the taxpayers for business operating since 1969 when Mandaue City first became a city.
Other awardees in the business taxpayer's for sole proprietorship were Ride's Enterprise, Dynamic Castings, Waterborne Freight Forwarding, SVD Design and Build, MGMM Freight Forwarding, Alrey Cargo Forwarding, Marides Marketing, PLD Construction and Wintrey Enterprise.
Other awardees for top corporate taxpayers for realty tax were Cola-Cola Bottler's Philippines, San Miguel Yamamura, San Miguel Brewery, Vicsal Development Corp., J. King and Sons. Co., A.D. Gothong Manufacturing, Golden Gates Values, Taipan Development Corp. and the San Miguel Corp.
Other awardees for the top 11 corporate taxpayers were Zuellig Pharma Corp., Adnama Mining Resources, J.S. Unitrade Merchandise, PMFTC Inc., Coca-Cola Bottler's Philippines, Aboitiz Construction Inc, United Laboratories, Super Metro Gaisano (Vicsal Development Corp), Monde Nissin Business Corp. and Kareila Management Corporation.
Other awardees for the top ten invidividual taxpayers for realty tax included Erramon Aboitiz, Joseph Alquizola,Kin Kee Ko,James Yu,Hyman Yap,Jayme Casera,Raymond Ong,Hnery Cruz Ongtauco and Peter Yap.
This as the city government also gave recognition to other taxpayers who have been operating in the city since 1969 and they included Suson Lumber, Gal's Bakery, Simon Enterprise, Querubin Construction Supply, San Muguel Corp, YY & company, San Miguel Corp. and Republic Corrugated Cartons.
Mayor Jonas Cortes in his speech during the event said that the city has expressed its heartfelt gratitude to the city's taxpayer whom the city has considered its partners in the pursuit of the city's vision .
"Your singlar act of contributing to the city and paying taxes honestly is one of the ultmate expressions of the brand of service called I am Mandaue",Cortes said in his speech.
P5M Lapu-Lapu project to brighten major streets
- Source: http://www.philstar.com/metro-cebu/2014/08/30/1363437/p5m-lapu-lapu-project-brighten-major-streets
- Saturday, August 30, 2014 12:00 am
- By Christell Fatima M. Tudtud (The Freeman)
CEBU, Philippines - A P5 million light installation project is up for implementation in the streets of Lapu-Lapu City.
Mayor Paz Radaza in her recent city address emphasized that dark roads attract law-breaking situations and scandalous scenarios.
"A dark city street breeds criminality and I want to eradicate it," she said, adding that tourists and travelers who come in and out of the city will be guaranteed of safety and security if the city has well-lighted posts.
At least 139 sets of environmental-friendly LED lights will be installed along M.L. Quezon Highway all the way to Mandaue-Mactan Bridge to Mactan Economic Processing Zone Gate 1 and the vicinity of the City Hall as well.
"The presence of crimes is sometimes said to be determinant on how progressive a city is," Radaza pointed out.
According to Radaza, the crimes in the city involve rampant cases of illegal drugs, and minimizing this is one of the main advocacies of the mayor.
Out of 147 arrests, 145 cases have already filed in the court.
Radaza said she was pleased with the efforts of Police Senior Superintendent Armando Radoc, acting police director of the Lapu-Lapu City Police Office, in eradicating crimes through buy-bust operations and raids within the interior areas of the city.
The city has been consistently identified with the lowest point of malnutrition rate of 1.28 percent since 2006 to 2014.
Radaza attributed this to the continuous hunger mitigation program of distributing rice and milk supplementation to malnourished children.
Also, in the first half of 2013, the city recorded 278 cases of dengue. This year, it was down by 37 percent with no death reported, said Radaza.
The city has also been a recipient of a P10 million health facility enhancement program by the Department of Health and with this, one of the hospitals of the city's barangays has been upgraded to Level 1.
She also said the city received a P500,000 grant from DOH for STI/HIV-AIDS program while the city has allocated P8 million for the health insurance of indigent families.
Radaza reported that the city's hospitals have purchased new facilities and equipment to provide more services to the people, and renovated the health institutional wards to maintain its rank of Level 1.
Cebu, other CV provinces to remain insurgency-free, new Centcom chief tells gov
- Source: http://www.pna.gov.ph/index.php?nid=2&rid=678119
- Friday, August 29, 2014
- (PNA), FPV/EB
CEBU CITY, Aug. 29 (PNA) -- Major General Nicanor Vivar, the newly-installed commander of the Armed Forces of the Philippines Central Command (Centcom) based in Camp Lapu-Lapu in Barangay Lahug, Cebu City, has vowed to help Cebu and other Central Visayas provinces, maintain their insurgency-free status.
Vivar made the assurance to Cebu Governor Hilario Davide III Thursday during a courtesy call at the governor’s office at the Cebu Capitol.
The AFP CentCom declared Cebu and Bohol insurgency-free in 2009.
On May 31 this year, the Regional Peace and Order Council (RPOC) 7 also announced that Siquijor is free of insurgents while Negros Oriental is “on its way” of becoming insurgency-free.
The RPOC 7 also declared that the whole Central Visayas is “conflict manageable” and a “development-ready” region.
Major General John Bonafos, former Centcom chief, said violent incidences have “weakened or minimized” in these areas.
Vivar said AFP is aiming to make all of the three regions in the Visayas as “conflict manageable” by 2016.
Vivar assumed as the new Centcom commander on August 15 this year vice Bonafos, who has been transferred to higher headquarters as vice chief of staff.
Vivar, a member of the Philippine Military Academy “Sandigan” Class of 1982, was the former commander of the Philippine Air Force 3rd Air Division based at the Edwin Andrews Air Base in Zamboanga City.He already received numerous commendations to include the Distinguished Service Star, Presidential Medal of Merit, Bronze Cross Medals, Silver Wing Medal and the Luzon, Visayas and Mindanao Campaign Medals.
Officials start craze in Cebu
- Source: http://www.philstar.com/cebu-news/2014/08/28/1362652/officials-start-craze-cebu
- Thursday, August 28, 2014 12:00 am
- By Michael Vencynth H. Braga /RHM (The Freeman)
CEBU, Philippines - The Ice Bucket Challenge phenomenon that has gone viral online and counts world leaders and famous world personalities among its participants has started in Cebu!
Two government officials have taken the challenge with the pledge to donate to the Amyotrophic Lateral Sclerosis Association, a non-profit organization fighting ALS or the Lou Gehrig’s disease.
Ahmed Cuizon, Land Transportation Franchising and Regulatory Board-7 director, accepted the challenge of LTFRB-4 Director Robert Peig by having his staff douse him with ice-cold water in a bucket yesterday.
“Medyo ra man ang tugnaw... Ang taguktok sa ice cubes sa akong ulo nga diyutay ra’g buhok maoy mas sakit (The cold was okay. The ice cubes falling on my almost bald head was the one that bothered me),” Cuizon posted in jest in the video taken when he took the challenge that was posted in his Facebook account.
The Ice Bucket Challenge is involves dumping a bucket of ice water on someone’s head to promote awareness on the ALS disease and to encourage donations to ALS research.
Under the “rules” of the challenge, those nominated has the option to either donate or perform the challenge, or do both. To complete the process, participants are expected to donate $10 if they have dumped ice-cold water over their heads while recording a video of themselves, or donate $100 if they have not. They should then proceeded in nominating those whom they would like to donate or accept the challenge, starting a chain of challenges, resulting to donations pouring in for the association. Freeman ( Article MRec ), pagematch: 1, sectionmatch:
Yesterday, Cuizon donated $50 (P2, 180) and nominated LTFRB-6 Director Romulo Bernales and news anchors Leo Lastimosa of ABS-CBN Cebu and Bobby Nalzaro of GMA-7.
He reminded those who would take the Ice Bucket Challenge to “donate before you nominate.”
Last Tuesday, Capitol Consultant on Jail Matters Marco Toral, together with some inmates, also took the Ice Bucket Challenge at the Cebu Provincial Detention and Rehabilitation Center a jail facility known for its “dancing inmates.”
In a telephone interview, Toral told The FREEMAN that aside from pouring freezing water on themselves, they also donated $160 (P7, 000) to the ALS charity.
Toral and the inmates nominated Cebu Governor Hilario Davide III to accept the challenge.
The governor’s response to the challenge has yet to be known as of press time since he was still out of the country. He will return to work today.
Nalzaro, on the other hand, was not inclined to take part in the challenged when reached by The FREEMAN last night.
“Kanang maligo og ice? Makapasmo man na. Kanang ice bucket para pabugnaw na og beer. Kanang gipabugnaw nga beer maoy among imnon. I challenge them,” read his text message.
The ALS Association said in its website (www.als.org) that as of Tuesday, August 26, it has already received $88.5 million in donations, which was several times bigger compared to $2.6 million it received for the same period (January to August) last year, showing the success of the Ice Bucket Challenge.
Donations, according to the association, ballooned to $88.5 million in just seven days from merely $22.6 million last week.
“Words cannot express how grateful we are to the nearly two million people who have donated and even more than that who have likely taken the challenge. You have all made an incredible effort in the fight against this disease,” said Barbara Newhouse, ALS Association CEO and president, in a press statement rposted in the website.
ALS or known as “Lou Gehrig’s Disease,” is a progressive neurodegenerative disease that affects nerve cells in the brain and the spinal cord. A person with ALS loses the ability to initiate and control muscle movement.
Most people with the ailment would only live up to two to five years from the time of diagnosis.
- Source: http://www.pna.gov.ph/index.php?nid=2&rid=677006
- Wednesday, August 27, 2014
- (PNA), CMR/EB
TALISAY CITY, Cebu, Aug. 27 (PNA) -- The Talisay City Council has approved a resolution authorizing Mayor Johnny De los Reyes to sign a sisterhood pact with Loma Linda City, California, USA.
The resolution was sponsored by Councilor Socrates Fernandez.
The pact, according to Fernandez, is aimed at strengthening ties between the two cities, fostering mutual friendship and goodwill, nurturing closer relationship among their people, as well as cultural exchanges and economic ties.
"The City of Talisay, Cebu, Philippines is replete with God-given gifts of natural resources, our clean beaches and hospitable people. This city is known for its growing business, likewise sending professional technical men and women to work in other countries," Fernandez said.
With the approval of the resolution, the council also authorized Jeremias C. Condes, a prominent Talisay City resident, as its emissary because he also has relatives in Loma Linda City.
The Loma Linda, a Spanish phrase for "beautiful hills," is a city in San Bernardino county, California, that was incorporated in 1970.
It has a population of 23,261 during the 2010 census up from 2000's 18,681.
Mactan resort to undergo P50M facelift next year
- Source: http://www.philstar.com/cebu-business/2014/08/26/1361915/mactan-resort-undergo-p50m-facelift-next-year
- Tuesday, August 26, 2014 12:00 am
- By Ehda M. Dagooc (The Freeman)
CEBU, Philippines - After the completion of the additional 35 rooms that will be made available next month, White Sands Resort and Spa now plans for major renovation starting next year.
Unchuan Development Corporation, the operator and developer of the 19-year old resort in Mactan island, announced that the property will undergo a major facelift program to improve the facilities of the two-hectare property.
The company's president and chief executive officer Francisco Unchuan said that the resort needs to cope with Cebu’s sustained growth in tourism.
The facelift will include the total renovation of the existing 45 rooms, installation of an exclusive dining/restaurant facility, improvements on the lobby as well as function rooms and other support facilities.
Known for its niche in providing Filipino hospitality, White Sands Resort and Spa has been able to gain popularity not only from the local market, but also to a growing number of Korean, Japanese and European visitors.
According to Unchuan, the resort has become the favorite choice of tourists who look for serene and less crowded beach "hide-away".
The resort will spend less than P50 million on the renovation program, that will also include the expansion of its spa facility and gym.
At present, the company is constructing a nine-story building that will provide the resort with additional 35 rooms.
The new rooms will be officially opened by the end of this month, Unchuan said.
In the past, he said the company has been very conservative on embarking on major expansion as the tourism industry then was yet to show its sustained strength.
However, he said now is the right time to invest in tourism, while the Philippines is obviously gaining strong popularity as a destination.
The company also announced earlier its plan to invest P1.5 billion in tourism projects in Cebu and Palawan.
11 towns to receive aid from Malacañang
- Source: http://www.sunstar.com.ph/cebu/local-news/2014/08/25/11-towns-receive-aid-malacanang-361826
- Monday, August 25, 2014
- By Elias O. Baquero
THE Department Of Agriculture (DA) 7 has identified 11 municipalities in Cebu as beneficiaries of the Grassroots Participatory Budgeting Process (GPBP) of the Aquino administration.
GPBP became controversial after the National People’s Congress considered it as another form of pork inserted in the 2014 annual budget.
The 11 towns that received GPP assistance from Agriculture Sec. Proceso Alcala are San Remigio, San Fernando, Sogod, Carmen, Compostela, San Francisco, Cordova, Balamban, Alcoy, Dalaguete and Sibonga.
Most of the mayors of these municipalities are reportedly members of the ruling Liberal Party.
During his visit last month, Alcala turned over projects worth P14,980,166 to the mayors to cover the first tranche of assistance for farm-to-market roads for the 11 towns.
DA 7 records showed San Remigio receiving P388,920 for the second tranche, while San Fernando and Talisay City received a combined amount of P1,021,548 for the third tranche.
Cebu Gov. Hilario Davide III was present when Alcala turned over the GPBP assistance in a program held in Tuburan.
Yesterday, the Liga ng mga Barangay sa Pilipinas, headed by its national president Edmund Abesamis, placed a one-page advertisement in a national daily stating that GPBP is not part of the pork barrel because it is given with transparency and accountability.
The Liga said that for several years, it is only the Aquino administration that created the GPBP based on the cost estimates of projects in the grassroots level.
The Liga said that under GPBP, local government units (LGUs) are directed to consult all Civil Society Organizations (CSOs) and other people’s organizations in the community on what projects they need.
They said that before, only the congressmen and mayors are the ones identifying and implementing projects even if these were not really needed by the community.
They said this was reversed under the GPBP, where the people are directly involved.
During the Luzon Mayors Conference of the League of Municipalities in the Philippines (LMP) at the Waterfront Hotel last July 15, Mayor Leonardo Javier, the LMP national president, said the Department of Budget and Management (DBM) has released P20 billion for GPBP projects for 2014 and another P22 billion is earmarked for 2015.
However, the convenors of the National People’s Congress considered GPBP as another pork barrel, as it defined pork barrel as lump sum fund with sole discretion given to the President, group of legislators or any public officer.
‘More tech startups, more growth’
- Source: http://www.philstar.com/metro-cebu/2014/08/24/1361227/more-tech-startups-more-growth
- Sunday, August 24, 2014 12:00 am
- By Christell Fatima M. Tudtud (The Freeman)
CEBU, Philippines - Lapu-Lapu City is planning to create a new generation of young, technology enterprising people that would help boost the business landscape of the city.
Mayor Paz Radaza said she intends to collaborate with homegrown talent Ric Amores who works for the Department of Science and Technology to help make this setup happen.
"I already have plans for my next wish: creating a new generation of techies and geeks from the young people of our city. Lapu-Lapu City plans to collaborate with the DOST on how to make this happen," she said.
Radaza also said they are eyeing to work with Dean Liza Corro of the University of the Philippines to help make the city an attractive site to incubate tech innovations.
"We are happy that the country's best geeks and their advocates from here and abroad are gathered here in Lapu-Lapu. Why? Because we believe that the Philippine startup community is the country's next game-changer," she said during the "Geeks on a Beach" convention at Hoopsdome, Barangay Gun-ob on Friday.
A conference of technology entrepreneurs in the Philippines, Geeks on a Beach started last year to gather all tech enthusiasts around the country and collaborate on startup ideas.
"I hope that, like many companies, Lapu-Lapu City would be historic place and this conference an important milestone for your companies and startups," said Radaza in her speech.
According to her, setting up technological livelihood programs in the city is important and necessary for the preparation of the Asean economic integration in 2015.
She pointed out that improving internet infrastructure would make the Philippines a center for startups.
"Better internet for Lapu-Lapu City and for the whole Philippines. This is now more important as ever, as we prepare for the Asean Economic Community. From the slowest in the region, we wish we would be one of the fastest. Improving Internet infrastructure would make the Philippines a center for startups," she explained.
She has likewise assured that the city is ready to partner with different startup groups for the promotion of startup environment in the city.
"More startup means more entrepreneurs and more entrepreneurs means more opportunities," she said.
Jonji Gonzales of Public Information Office said UP supports the DOST in terms of tech-livelihood, citing that the school provides an avenue for startup tech business to be their training ground in creating viable technology programs.
Meanwhile, the city mayor has also challenged wealthy Oponganons abroad to seriously consider investing in the city since, according to her, the town itself is making noise in improving its business environment.
Cebu Capitol opens search for “Bidlisiw” awards
- Source: http://www.pna.gov.ph/index.php?nid=2&rid=676088
- Saturday, August 23, 2014
- (PNA), CTB/EB/
CEBU CITY, Aug. 23 (PNA) -- The Cebu Provincial Government is now looking for nominees for its “Bidlisiw sa Sugbo Awards,” which is opened to Cebuano individuals and private institutions who made “significant contributions” to the province.
“The development of Cebu would not happen without the efforts of the private sector which have given much of their time, efforts and resources to the development of Cebu,” Cebu Provincial Administrator lawyer Mark Tolentino said in a statement.
The giving of awards is in line with the month-long celebration of the province’s 445th founding anniversary, which kicked off last August 1.
Anyone can nominate “exemplary individuals and institutions” for the award.
Nomination forms can be downloaded from the Cebu Capitol’s official website: www.cebu.gov.ph or from the Office of the Search & Awards Committee at Tolentino’s office.
Based on the qualifications posted by the PIO, institutions can be nominated if they have been operating for at least three years in Cebu and “with track record of dedicated service in uplifting the lives of Cebuanos.”
They must be private corporations or non-government organizations, whether civic, people’s, church-based or religious.
For individuals to qualify, they must be natural-born or naturalized Filipino or Cebuano with good moral character and must have “at least three continuing years of commitment to his profession, vocation or service “that have contributed to the development of Cebu.”
The criteria for the chosen awardees include service excellence and professionalism, impact of work to the society and innovation and creativity.
“Help us ignite the passion of those who care for Cebu by recognizing their work,” said Tolentino.
“Let everyone know of the excellent service rendered by these significant men, women and organizations for the betterment of our province,” he added.
Nominations are accepted until September 15, 2014.
Cebu Capitol’s net worth rises to P27.9B in May
- Source: http://www.pna.gov.ph/index.php?nid=3&rid=675790
- Friday, August 22, 2014
- (PNA), LAP/EB/
CEBU CITY, Aug. 22 (PNA) -- The Cebu Provincial Government’s net worth increased to P27.924 billion as of May 31, or about P1 billion compared to the P26.919 billion in the same period last year, an official said.
Cebu Provincial Accountant Marieto Ypil said the province’s total assets of P28.736 billion as of end May this year expanded by only about P660 million over that of the first quarter of 2013 at P28.078 billion.
The improvement in net worth stemmed from the decrease in total liabilities.
As of May 31 this year, the Capitol’s total liabilities reached P811.905 million, way below first quarter 2013’s P1,159,675,565.60.
Liabilities cover payables, such as taxes and government-mandated benefits for employees.
Total assets, on the other hand, include cash, receivables, inventories, investments, properties, plants and equipment.
The Capitol’s investments expanded in the 14 months between end of March 2013 to May 31, 2014.
In the first quarter of 2013, the Capitol’s total investments were about P131 million, which grew to P188.3 million by end of May 2014.
Cebu Governor Hilario Davide III, who assumed office in July 2013, said he wants to increase the Capitol’s income by improving tax collection efficiency and economic enterprise.
Cebu Capitol to release P15,000 bonus for workers
- Source: http://www.pna.gov.ph/index.php?nid=2&rid=675413
- Thursday, August 21, 2014
- (PNA), LGI/EB
CEBU CITY, Aug. 21 (PNA) -- The Cebu Provincial Government is set to release on Friday (Aug. 22), the P15,000 anniversary bonus for each of its 1,553 employees.
Cebu Provincial Budget Officer Danilo Rodas said the incentives will be released by the Cebu Provincial Treasurer’s Office through the respective automated teller machine accounts of the employees.
A total of P23 million was set aside for the purpose, he said.
The Cebu Provincial Board has approved the province’s first supplemental budget for the year, which includes the P15,000 bonus.
Cebu Gov. Hilario Davide III announced the bonus during the province’s 445th founding anniversary celebration early this month.
Davide said the cash incentives are for accomplishing the performance targets at “lesser cost” and for attaining “more efficient and valuable operations” through cost-cutting measures and systems improvement.
Last year, the Capitol introduced changes in its internal operations with the aim to minimize processing time.
These changes include the Expense Management System, an application that integrates all departments, taxpayers, and vendors to fast-track payment processes; the Legislative Record Tracking System, an extensive detailed tracking system for all types of ordinances and resolutions; and the Document Tracking System.
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