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Following an upbeat economic performance in 2013, the bakery industry in Cebu projected to sustain its growth by accounting a significant contribution on the total production volume of the food industry in 2014.

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Despite the report from the Bureau of Local Government-Finance (BLGF) that Cebu City ranks only eleventh among 16 cities in Central Visayas in terms of real property tax collection, Mayor Michael Rama still does not want to increase taxes.

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The Cebu City council yesterday approved a memorandum of agreement between the city government through Mayor Tomas Osmeña and SM Corporation for the latter's advance payment of P53.9-million tax due, the amount of which will be used to fund various city projects at the North Reclamation Area. 


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ALTHOUGH CEBU CITY

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abtest

Bakers keep upbeat outlook for 2014

By Grace Melanie L. Lacamiento | January 1, 2014 - 12:00am

Following an upbeat economic performance in 2013, the bakery industry in Cebu projected to sustain its growth by accounting a significant contribution on the total production volume of the food industry in 2014...

Freeman Cebu Business

Rama won't raise real property tax

By Rene U. Borromeo | August 28, 2013 - 12:00am

Despite the report from the Bureau of Local Government-Finance (BLGF) that Cebu City ranks only eleventh among 16 cities in Central Visayas in terms of real property tax collection, Mayor Michael Rama still does...

Cebu News

Tom twits province for low Development Index rating

August 15, 2009 - 12:00am

Cebu City Mayor Tomas Osmeña said he feels sorry that Cebu is only ranked 21 in the Human Development Index.

Cebu News

Council ok's MOA between city, SM on tax payments

July 20, 2006 - 12:00am

The Cebu City council yesterday approved a memorandum of agreement between the city government through Mayor Tomas Osmeña and SM Corporation for the latter's advance payment of P53.9-million...

Cebu News