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Balamban site is for road project, not Capitol bldg – Gwen
CEBU CITY, Philippines – The cleared site in Barangay Cambuhawe, Balamban, in western Cebu, is not for the new Capitol building, but for nationally funded road projects. Cebu Provincial Governor Gwen Garcia made this clarification after photos of a deforested mountain in Balamban, initially thought to be the site development of the new Capitol building,.....»»
Cebu to supply vessels for Coast Guard, Navy
The Philippine Coast Guard and Philippine Navy may avail sea vessels made in Balamban, Cebu as announced by President Ferdinand Marcos Jr. and Department of National Defense Secretary Gilbert Teodoro. “The new vessel that we are seeing there, the 40-foot vessel that’s made in Cebu, that will be included,” Marcos said. “We will eventually have 40 of them that would give us an increased capability. This is ongoing.” Cebu has long been recognized as the country’s shipbuilding capital with the shipbuilding industry propelling the local economy of Balamban in Midwestern Cebu on the brink of cityhood status and the newly-built ship building facilities in Danao City. The plan was confirmed by Teodoro, who recently went to Capitol and met with Governor Gwendolyn Garcia. “Cebu builds ships, Cebu builds equipment that we need, and therefore the synergy that we see today will continue but in a different dimension not only as a locator in the Province of Cebu but as a resource purchaser and resource user of the services, goods and other capabilities that your province can produce,” Teodoro said. He added that he is just waiting for amendments to the Armed Forces of the Philippines modernization law to locally source military assets. “We encourage our legislators here today that we are waiting for these amendments by the end of the year so that by next year we can start to leverage the talents and abilities of the people of Cebu,” Teodoro said. Balamban has its locators include Japan-based Tsuneshi Heavy Industries and Australia’s Austal Corporation, local builders Advance Catamaran Composites and Cebu Maritime Industry. “You have an important role to play here not only in maintaining peace and security in Central Philippines,” Teodoro said. The post Cebu to supply vessels for Coast Guard, Navy appeared first on Daily Tribune......»»
Cebu-based coop finds low-cost loans feasible
Cebu CFI Community Cooperative plans to upgrade its digital tools to extend affordable loans to more individuals and enterprises nationwide. Cebu CFI president and CEO Pablo Garcia said the loan portfolio of the 53-year-old cooperative expanded from P5 billion to P9 billion in 2020 through its use of modern computers and mobile apps. “In the past, computers of cooperatives were from the nineties so they didn’t have the technological capacities to deploy financial services easily. Now, people can borrow digitally,” Garcia told the Daily Tribune in its show “Business Sense with Komfie Manalo” on Monday. The cooperative offers online personal, health, salary, housing, education and business loans with interest rates of 7 percent to 9 percent per annum. In contrast, Garcia said big banks can impose up to 12 percent per month and 20 percent monthly from informal lenders called 5-6 lenders. Garcia said customers can pay their loans and other Cebu CFI products as easily as using an e-wallet. Garcia shared that the cooperative recently received P4 billion from the Land Bank of the Philippines and is discussing another financing project with the Small Business Corporation of the Department of Trade and Industry. Digitalization makes it happen Through digitalization, the cooperative can lend faster without their customers going to its main office in Capitol Compound in Cebu or its branch in Makati City. “There is no annual fee and you have access to all our digital services as well. You have access to finance easily in your pocket or on your computer,” he said. “We are a friendly financial partner hoping to provide financial stability for Filipinos at the lowest interest rate in the Philippines,” Garcia added. As a cooperative, Cebu CFI is able to further provide loans through its members’ contributions which the company pools and reinvestments in other businesses, such as real estate and food. Gains from these investments are then distributed to the members digitally. “Through the funds that you put in the cooperative or the funds that we lend to you as a cooperative, we are able to create programs that allow you to increase your incomes. We do this together,” Garcia said. “Our members and their families are able to grow through our education and business assistance and opportunities for comfortable housing. So, the effect is we help the economy not just in the long term, but even in two to five years.” For example, Cebu CFI offers members loans to put up their own Five Star Manok, a chicken franchise originated in Thailand and uses a mobile app to facilitate all business transactions. After all these digital efforts, Cebu CFI has increased its assets to P15 billion and gained trust from government lenders for additional capital to support its growing demand for personal and business loans. The post Cebu-based coop finds low-cost loans feasible appeared first on Daily Tribune......»»
The legal woes of Donald Trump
Former US president Donald Trump is facing four criminal indictments, all filed since March -- with the Republican frontrunner in the 2024 White House race possibly navigating a series of trials as he campaigns. On Thursday, he was formally arrested on 13 counts in the southern state of Georgia in connection with his alleged efforts to interfere with the results of the 2020 election, which he lost to Democrat Joe Biden. Trump has already been indicted in federal court in connection with election interference in multiple states, and over his handling of classified documents, making him the first former US president to face federal criminal charges. The twice-impeached Trump has also been charged in New York with making election-eve hush money payments to a porn star. Here are the key cases involving the 77-year-old one-term president -- and others that could materialize: Georgia election meddling Trump stands accused in Georgia of pressuring state officials to overturn Biden's election victory -- incidents that were also referred to in a federal indictment. Evidence includes a taped phone call in which he asked Georgia's then-secretary of state to "find" enough votes to reverse the result. Fulton County's top prosecutor Fani Willis has charged Trump with 13 felony counts including violating Georgia's Racketeer Influenced And Corrupt Organizations (RICO) Act, as well as six conspiracy counts over alleged efforts to commit forgery, impersonate a public official and submit false statements and documents. Eighteen co-defendants also were indicted, including Trump's former personal lawyer Rudy Giuliani, for pressuring local legislators over the result after the election, and Trump's White House chief of staff, Mark Meadows. 2020 election interference Special Counsel Jack Smith had already slapped Trump with four federal charges related to efforts to overturn the 2020 election results. Trump is charged with conspiracy to defraud the United States, as well as conspiracy to obstruct and obstruction of an official proceeding -- the January 6, 2021, meeting of a joint session of Congress held to certify Biden's election victory. He is also charged with conspiracy to deny Americans the right to vote and to have one's vote counted. The indictment mentions six co-conspirators but none are identified -- Trump, currently the frontrunner for the 2024 Republican presidential nomination, is the only named defendant. Trump supporters stormed the US Capitol on January 6, 2021, as Congress met to certify the presidential election results. Before what was ultimately a deadly attack, Trump delivered a fiery speech urging the crowd to "fight like hell." Classified documents Trump, in another indictment brought by Smith, is accused of endangering national security by holding onto top secret nuclear and defense documents after leaving the White House. Trump kept the files -- which included records from the Pentagon, CIA, and National Security Agency -- unsecured at his Mar-a-Lago home in Florida and thwarted official efforts to retrieve them, according to the indictment. Trump was initially charged with 31 counts of "willful retention of national defense information," each punishable by up to 10 years in prison. A count was added related to a classified document "concerning military activity in a foreign country." He also faces charges of conspiracy to obstruct justice, making false statements, and other offenses. The federal judge in the case has set a trial date of May 20, 2024, at the height of the presidential campaign. Stormy A New York grand jury indicted Trump in March over alleged hush money payments made to porn star Stormy Daniels. Prosecutors say the money was paid prior to the 2016 election to silence Daniels over claims she had a tryst with Trump in 2006 -- a year after he married Melania Trump. Late in the campaign, Trump's lawyer Michael Cohen arranged a payment of $130,000 to Daniels in exchange for her pledge of confidentiality, prosecutors said. That case, in which he faces 34 felony counts, is due to go to trial next March, in the middle of the Republican primary election season. Other probes Trump was found liable in a civil case for sexually abusing and defaming a former magazine columnist, E. Jean Carroll, in 1996, and ordered to pay her $5 million in damages. In New York, state Attorney General Letitia James has filed a civil suit against Trump and three of his children, accusing them of fraud by over-valuing assets to secure loans and then under-valuing them to minimize taxes. James is seeking $250 million in penalties as well as banning Trump and his children from serving as executives at companies in the city. Trump has denied all wrongdoing. The post The legal woes of Donald Trump appeared first on Daily Tribune......»»
Nothing can drag a Boholana down
No pandemic, nor deadly natural catastrophe can bring down a Boholana: this is the living faith by which Lourdes Sultan, managing director of Travel Village Tours and Travel and owner of several vessels which comprise the Loboc River Cruise in Bohol, lives by. Sultan, a tour operator in Loboc for the past 35 years, is a perfect epitome of a resilient Filipina who did not falter while going through such major upheavals as typhoon “Odette” in 2021 that wrecked her vessels; the magnitude 7.2 earthquake in Bohol in 2013 and the perennial flooding in Loboc, and the global pandemic that shut down international borders, barring the arrival of tourists in the country. “The floating restaurant business here in Loboc started 30 years ago but in 2000, we decided to dwell in the floating restaurant operation. We used to have eight vessels, but after typhoon “Odette” hit us in December 2021, we are now left with four,” said Sultan in an interview. She said that pre-pandemic, there were 26 vessels plying the Loboc River serving foreign and local tourists, but the number was diminished because of the unfortunate wrath of natural catastrophes. Pandemic, ‘Odette’ challenge She said the strong earthquake in 2013, the declaration of the Covid-19 pandemic in 2020, and the pummeling of the province by typhoon “Odette” in 2021 were the worst challenges that her enterprise has endured. “The pandemic made us totally close operations. During that time, we tried to maintain and improve our vessels in preparation for the reopening of borders. Indeed, losses with Odette and the pandemic were in the millions,” she told the Daily Tribune. Aside from that, Sultan said operators of floating restaurants were also required by the local government to update their vessels, making them shell out additional costs. In 2021, Sultan said tourist arrivals trickled, as some restrictions were modified and eased by the Inter-Agency Task Force of the national government. “Even if we only cater to domestic customers, we were more hopeful back then. But amid the high hopes, typhoon “Odette” hit us on 16 December 2021—a strong typhoon during an enduring contagion. We decided to let go of some workers. But luckily, we hired them back when things got better in March 2022,” she shared. Typhoon “Odette,” that pummeled Bohol before Christmas Day, was considered by the Provincial Disaster Risk Reduction and Management Office as the worst ever to hit the province, prompting the Provincial Capitol to declare a state of calamity after incurring massive devastation on agriculture and infrastructure and inundated swaths to the island. Not yet pre-pandemic She said, however, that the tourism industry in Loboc is not yet in the pre-pandemic state, saying that foot traffic is only at 70 percent to date, even if they are fully booked during daily operations, especially weekends. “Revenge travel is real. The influx of domestic travelers is greater now compared to pre-pandemic. Aside from local tourists, European and Asian tourists are now coming back,” she said. As of July 2023, the Department of Tourism logged a total of 3,000,079 international visitor arrivals. On the other hand, the country’s inbound tourism receipts from 1 January to 30 June 2023 climbed to P212 billion or 502.02 percent higher than the P35-billion tourism revenue generated from the same period last year. Support for DoT program Sultan, also the president of the Bohol Federation of Travel and Tour Operators and an officer of the Bohol Provincial Tourism Council, said she is backing the DoT program Faith-based Tourism Circuits, as part of the department’s thrust to develop new tourism circuits and multi-dimensional tourism products. Last 14 to 17 August, the DoT Central Visayas, in partnership with the Provincial Government of Bohol, organized a familiarization tour of Bohol’s Faith-based Tourism Circuits, with the aim to promote and showcase Bohol’s historical and cultural assets specifically its century-old churches, heritage houses, religious landmarks and living cultural traditions. Through Bohol’s Faith-based Tourism Circuits, participants, including members of the media, visited some of Bohol’s heritage churches declared as National Historical Landmarks or cultural treasures and experienced a few of their inherent traditions such as Asin Tibuok, among others. The main highlight of the tour was the canonical crowning of the image of the Virgen de la Asunción of the Municipality of Dauis, officiated by Papal Nuncio Charles Brown last 15 August. “The direction is we do not want the churches to be just tourist spots, but for tourists to have a glimpse of the spiritual component,” according to Sultan. The post Nothing can drag a Boholana down appeared first on Daily Tribune......»»
Cebu Province is now debt-free proclaims Gwen
CEBU CITY, Philippines – With no existing loans or financial obligations from any institution, and with surging assets and increasing income, you can’t really blame Cebu Governor Gwendolyn Garcia to feel extra proud these days. Garcia announced these achievements and more during the commemoration of the 452nd Founding Anniversary of the province at the Capitol […] The post Cebu Province is now debt-free proclaims Gwen appeared first on Cebu Daily News......»»
Garcia misusi sa 2 ka bus terminals
Garcia misusi sa 2 ka bus terminals.....»»
Filinvest Invests P16B in Ciudad BTO Project
The development of Ciudad will finally be realized after the Province of Cebu turned over Friday a parcel of the property to homegrown developer Filinvest Land, Inc. (FLI) through a build-transfer-operate (BTO) engagement. Cebu Gov. Gwendolyn Garcia and Tristan Las Marias, FLI president and CEO, formally kicked off the project in simple ceremonies onsite on […].....»»
PSALM expects P100 billion from CBK privatization
The Power Sector Assets and Liabilities Management Corp. (PSALM) is expected to generate as much as P100 billon from the privatization of the 796.46-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna, bolstering the cash position of the cash-strapped state firm......»»
Capitol opens first hemodialysis center in Camotes Islands
Capitol opens first hemodialysis center in Camotes Islands.....»»
Cryptocurrency Market Turns Red as Bitcoin, Ethereum, Solana Prices Dip Before Halving
The cryptocurrency market kicked off Friday on a bearish note, as major digital assets Bitcoin, Ethereum, and Solana experienced significant declines in morning trading. Bitcoin,.....»»
Food vlogger Kevin Garcia reveals how he earns from social media
Content creator Kevin Garcia, the man behind the popular vlog Eat’s A Small World, revealed how food vloggers like him earn through social media. .....»»
Paolo, Kaye, Patrick bibida sa upcoming Netflix movie na ‘A Journey’
SAMAHAN sa isang roadtrip sina Paolo Contis, Kaye Abad at Patrick Garcia! Ipapalabas na kasi sa darating na April 12 ang pinagbibidahan nilang bagong Netflix film na pinamagatang “A Journey.” Mapapanood sa trailer na iikot ang istorya sa tatlong karakter na nagtungo sa Tasmania sa Australia upang matupad ang pangarap ng kaibigan nilang may cancer......»»
NFCI gets P6-M Capitol support for arts, cultural initiatives
NFCI gets P6-M Capitol support for arts, cultural initiatives.....»»
Capitol turns over Ciudad Property to FLI
Capitol turns over Ciudad Property to FLI.....»»
Garcia: Excavation of mountain in Balamban for DPWH access road
Garcia: Excavation of mountain in Balamban for DPWH access road.....»»
Cha-cha plebiscite and midterm polls in one event: A test of Comelec s independence
BOTH LEGISLATIVE chambers are now leading charter change discussions. Legislators have repeatedly said that amendments will be limited to economic measures in the 1987 Constitution.Meanwhile, the conduct of the plebiscite had Commission on Elections (Comelec) Chair George Garcia describe the logistical preparations required for it. He argued that it should be held as a separate event from the 2025 midterm electi.....»»
Rama asks Malacañang to suspend Gwen over CBRT dispute
CEBU CITY, Philippines – Preventive Suspension. Cebu City Mayor Michael Rama is seeking the suspension of Governor Gwen Garcia over issues related to the Cebu Bus Rapid Transit (CBRT). Rama filed an administrative complaint before the Office of President Ferdinand Marcos Jr. against Garcia after the governor issued a cease and desist order to the.....»»
Gealon: Probe companies with colorum vehicles
CEBU CITY, Philippines – A citywide crackdown is being implemented against colorum vehicles or illegally operating public utility vehicles (PUVs). This after Cebu City Councilor Rey Gealon’s proposed a resolution was approved during the council’s regular session on March 20, requesting the Land Transportation Office (LTO) to conduct operations against colorum trucks operating in the.....»»
EDITORIAL - Under lock and key
The Civil Service Commission has reminded all government officials and employees of the April 30 deadline to submit their sworn Statements of Assets, Liabilities and Net Worth for 2023......»»