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Tomas Osmeña threatens to sue Gwen over stoppage of CBRT works
CEBU CITY, Philippines — “We’ll see each other in court.” This was the statement of former Cebu City mayor Tomas Osmeña addressed to Cebu Governor Gwendolyn Garcia, in relation to Garcia’s call on stopping the ongoing construction of the Cebu Bus Rapid Transit (CBRT) on province-owned lots along Osmeña Boulevard. “If the governor would insist.....»»
Tomas Osmeña threatens sue Gwen over stoppage of CBRT works
CEBU CITY, Philippines — “We’ll see each other in court.” This was the statement of former Cebu City mayor Tomas Osmeña addressed to Cebu Governor Gwendolyn Garcia, in relation to Garcia’s call on stopping the ongoing construction of the Cebu Bus Rapid Transit (CBRT) on province-owned lots along Osmeña Boulevard. “If the governor would insist.....»»
Phase 1 of Cebu BRT project due for turnover in May or June
CEBU CITY, Philippines – Phase one of the Cebu Bus Rapid Transit (CBRT) project is set to be completed around May or June this year, a local legislator confirmed. Councilor Jerry Guardo, chairman of the committee on infrastructure of the Cebu City Council, said that although the project was initially scheduled for turn over in.....»»
Cebu City buy-bust: Over P12M ‘shabu’ seized from 2 HVIs
CEBU CITY, Philippines – Police confiscated over P12 million worth of suspected shabu from the possession of two men during a bust-bust operation in Brgy. Bulacao, Cebu City on Tuesday evening, March 26. The buy-bust operation was conducted at around 10 p.m. in Lower Sario in Brgy. Bulacao. One of the suspects was identified as.....»»
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.....»»
Man, his nephew caught with over P2M ‘shabu’ in Cebu City drug bust
CEBU CITY, Philippines – Suspected shabu worth over P2 million were confiscated from the possession of two men who were collared in a buy-bust operation in the mountain barangay of Malubog in Cebu City, Tuesday night. The suspects were identified as Ronald Gabunada, 40, and his nephew, Jestoni Rom, 32, who is an ex-convict. Both.....»»
Netizens welcome shift to old school calendar
CEBU CITY – The Department of Education (DepEd) will gradually return to the old school calendar. For the school year 2024-2025, classes will begin on July 29, 2024, and end on May 16, 2025. The school year 2023-2024 will have its last day of classes on May 31, 2024. To recall, in 2021, the accustomed.....»»
Lotto results for May 25, 2024
EZ2/LVM - 26 14 SUERTRES - 1 2 7 6D Lotto - 5 0 6 4 4 8 6/42 - 3 39 20 36 17 35 P13,279,937.00 Grand Lotto - 49 43 26 3 21 50 P29,700,000.00.....»»
Capitol OKs cutting down Poro’s trees but…
CEBU CITY, Philippines — Despite calls from concerned residents and a parish church, the Cebu Provincial Government has given the go-signal to cut down trees that stood in the way for its road widening project in Poro, Camotes Island. However, instead of the initially estimated 700 trees, the provincial government and the assigned contractor have.....»»
Xinhua world news summary at 0700 GMT, April 22
MANILA -- More than 16,700 Philippine and U.S. troops started their largest-ever annual joint military drills on Monday amid criticisms that the drills threaten regional peace and stability. According to the Philippine military, the 19-day exercises, dubbed "Balikatan 2024," will involve around 5,000 Philippine and 11,000 U.S. troops, making it the largest iteration of the Philippines-U.S. joint drills conducted.....»»
Villar patriarch places 190 in Forbes Top 200 billionaires
Villar ranked 190 out of the 200 billionaires in the world in 2024 with a total net worth of $11.7 billion (P660,125,700,000) coming from $8 billion (P451,376,000,000) in 2023, according to Forbes magazine......»»
Stocks climb ahead of January inflation
The stock market started the week on a positive note as the main index stayed above the 6,700 level ahead of today’s January inflation report......»»
Lotto results for January 29, 2024
EZ2/LVM - 20 8 SUERTRES - 2 2 4 4D LOTTO - 6 7 7 3 6/45 Mega Lotto - 38 23 45 11 21 33 P8,910,000.00 Grand Lotto - 9 53 17 51 43 52 P29,700,000.00.....»»
Index upside points to 7,000 level
The benchmark Philippine Stock Exchange index could retest the 6,700 resistance this week and break toward 7,000 in the near-term, analysts said......»»
Russian car production surged in 2023 - data
The industry has rebounded after a sharp downturn in 2022 Russian factories produced more than 700,000 vehicles last year in what has been a rapid recovery from Western sanctions, Russian Deputy Prime Minister Denis Manturov announced on Monday. Car production in Russia rose by 16% in 2023, with ov.....»»
Marvin hell-bent on punching way to Paris Olympics
Not to take part, but to take over......»»
Xinhua world economic news summary at 0900 GMT, April 12
SEOUL -- South Korea's employment kept rising last month due to a fast increase in elderly jobs, statistical office data showed Friday. The number of employed people aged 15 or older expanded 173,000 from a year earlier to 28,396,000 in March, according to Statistics Korea. It marked the lowest growth in over three years since February 2021, but the employment continued to grow thanks to higher elderly jo.....»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
Rising athlete Yee eyes upcoming Ironman 70.3 Lapu-Lapu
CEBU CITY, Philippines — Cebuano rising athlete Franklin Ferdie Yee will test his mettle in the upcoming IRONMAN 70.3 Lapu-Lapu on April 21. Yee, a rising triathlete who represents both the Asian Orthopedics multisports team and the University of San Carlos (USC) track and field team, recently clinched a record-setting win in the 2024 Clark.....»»
Kumong Bol-Anon 14: Tagacanao faces acid test vs. Indonesian foe in first title fight
CEBU CITY, Philippines — Carcar City’s pride, Reymart “Cebuano Assassin” Tagacanao, will have his first title fight in the co-main event of “Kumong Bol-Anon XIV” on March 8 at the Saulog gymnasium in Tagbilaran City, Bohol. Tagacanao, 24, has come a long way since debuting as a professional boxer in 2022. From being an amateur.....»»