This is the roundup of stories that came out in local publications today, Feb. 18, 2016.
Operators hold meeting to discuss fare reduction.
THE drop in fuel prices has prompted two shipping lines to drop their fares, providing a relief to travelers. Metro Ferry Inc has lowered its fare from Cebu City to Lapu-Lapu to P13 from P14, while Lite Shipping Corp., which serves the Visayas, has reduced its fare by as much as 50 percent.
The Visayan Association of Ferry Boat and Coastwise Service Operators (Vafcso) will also meet to discuss fare reduction owing the drop in fuel prices.
We have agreed to reduce but as to how much, we still have to meet about that. Alex Cohon, Vafcso president.
Landbank ignores Rama’s dare, gives Cebu City a break.
Instead of following Mayor Mike Rama’s advice to sue the City Council, Landbank has given Cebu City a six-month break. Cebu City was supposed to pay P180 million to Landbank this Saturday as part of its amortization for the South Road Properties loan. However, an impasse in the council has led to the failure of Cebu City to come up with a supplemental budget that would cover the payment.
Landbank extended the Feb. 20 deadline to Aug. 20, but whether the payment will be for the amortization or the entire P2.4 billion loan balance is still unsure.
Just wait. At least the news is there is no worry to be entertained because there is a deferment and I talked with (LBP president Gilda) Pico, who is so nice and immaculate. Cebu City Mayor Mike Rama.
Sun.Star Cebu: Landbank gives Cebu City six-month reprieve on SRP payment.
Cebu Daily News: Rama says City won’t incur penalties on SRP loan.
Tom accuses Mike of making P900M ‘disappear’
Former Cebu City Mayor Tomas Osmena wants City Hall to account for the proceeds of the fund-raising campaign for the Cebu City Medical Center started in 2013. The Piso Mo Hospital Ko campaign was started by Mayor Mike Rama, who reportedly raised P900 million after trips to the US.
Mr. Rama announced that he raised P900 million. Where is the money now? It’s gone. Former Cebu City Mayor Tomas Osmena.
Sun.Star Cebu: City Hall should provide accounting for CCMC donations.
Other Cebu News:
Sun.Star Cebu: One Cebu gubernatorial candidate says Gov. Davide lacks foresight, cites incompetence in dealing with bridge traffic.
Cebu Business News:
Cebu Sports News: