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Cebu City Mayor Michael Rama wants the fair market value in the revised real property tax (RPT) ordinance to reflect the current rate, despite calls from businessmen to stagger its implementation.“Pass the law, and we can discuss the implementing rules after,” Rama said over Cebu City Hall’s online program “Ingna’ng Mayor” on Thursday, Feb. 29, 2024.As the mayor of the City of Cebu, Rama said he wants it approved.On Tuesday, Feb. 27, Rama urged the City Council to pass the ordinance pertaining to the revised RPT before the end of this month.However, City Councilor Noel Eleuterio Wenceslao, chairman of the committee on budget and finance, said he still needs to meet the other councilors to discuss the matter and reach a consensus.Wenceslao said jumping to final deliberations without having the stance of the majority might simply defer the ordinance.In his point of view as a lawyer, Rama argued that implementing rules may be deferred within reasonable time to allow those affected to adjust their operational and financial management.“But let the fair market value already be back to what it is at the current time,” Rama said.Rama found it unfair that property owners have enjoyed paying taxes based on the value 20 years ago.The RPT Code of Cebu City was last revised in 2002.“Ang yuta bayran na unta (The tax paid on real estate should be) on the present value,” Rama said.He said it is the rich’s corporate social responsibility to share by paying the right amount of taxes.ReactionOn Saturday, Cebu Chamber of Commerce and Industry (CCCI) president Jay Yuvallos said they are proactively working with the mayor, his team and the City Council on this. On the matter of the fair market valuation, he said they hope that it will reflect a truthful and realistic value. “Certainly not based on speculation (bloated), a reflection of a fair value will also protect the land owner,” he said. He said the mayor has also intimated that the implementation will be on a staggered basis. “What is important and the clamor of everyone is that the increase will be gradual so that it becomes affordable. This is subject to a more thorough discussion when we get there,” he said, adding: “We also take cognizance of the fact that they need revenues to finance projects which we also want to see very soon, especially infrastructure projects that can significantly impact the lives of every Cebuano.”Yuvallos said the goal of the chamber is to help its members and the business community in general to expand and grow business. “This will in effect widen the tax base (not only RPT) as a source of revenue for the City. We will work with the City on the ‘Ease of Doing Business’ and helping promote a Business-Friendly Cebu City as what the mayor wanted to espouse,” he said. He said the CCCI will introduce programs that will encourage expansion and investments into the city and promote global competitiveness of the enterprises in Cebu.Proposed ordinanceUnder the proposed ordinance, the formula for deriving the total tax due as explained during the public hearing Friday is getting first the market value of the property. This can be determined by multiplying the land area by the fair market value (FMV).Skyrocketing taxesAfterwards, the market value will be multiplied by the assessment level, which will generate the assessed value. Then, the assessed value will be multiplied by the three percent tax rate. The result is the total tax due.For instance, a 1,493-square-meter commercial property in the Cebu IT Park with a current tax due of P26,874 will have a tax due of P895,800 once the updated tax ordinance gets implemented.Similarly, a portion of Cebu Business Park under the jurisdiction of Barangay Hipodromo will see its FMV shoot up to P245,000 from P16,300 per square meter, significantly affecting the RPT that Ayala Land will have to cough up if the measure is approved.In the proposed RPT ordinance, the market value of properties in some prime locations in Cebu City is expected to increase from 200 to 3,200 percent. Mayor Rama urged the passage of the RPT Code in order to raise funds to realize the objectives of his administration like the Gubat sa Baha (War against Flooding) and other projects like the transitional housing that will house the families affected by the clearing of three-meter easement zones.On Cebu City Hall’s online program “Pagtuki, Pagsusi, Pagsuta” on Wednesday, Feb. 28, City Budget Officer Jerone Castillo said P600 million is intended for the design and construction of 600 transitional housing units for the first phase of the project.The P600 million is one of the items in the first supplemental budget that the executive department has requested the council to approve this year.Other items include budget allocations for the Palarong Pambansa, Charter day bonus, and adjustments for the City Council. Is Philippines good at basketball? Philippines LOCAL transport group Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (Piston) Cebu is standing firm in its decision not to seek a fare increase.Gregory Perez, chairperson of the 500-member group, said that burdening consumers with higher fares is not the solution to the current challenges, particularly high fuel prices.In an interview on Tuesday, April 16, 2024, Perez reiterated the need for a more comprehensive approach that does not adversely affect commuters.Perez emphasized that implementing a minimum fare increase in public transportation amid the prevailing economic situation would only inflate prices of prime commodities and goods.“We are not keen on pushing for a fare increase because we know it will affect our passengers and, of course, the prices of prime commodities,” he said in Cebuano, adding that students would be directly hurt if a hike was implemented.Push for P2 hikeLast week, the Alliance of Transport Operators and Drivers Association of the Philippines (Altodap), a group of traditional jeepney drivers, sought answers regarding the fare increase petition it had submitted. The group urged the Land Transportation Franchising and Regulatory Board (LTFRB) to promptly address its petition due to increasing pump prices. The group advocated for a P2 increase in the minimum fare of traditional jeepneys, proposing to raise it from P13 to P15.Boy Vargas, Altodap president, said the LTFRB had informed them that their petition is under consideration. However, the franchising agency has yet to issue a decision on the matter.LTFRB spokesperson Celine Pialago, in a media interview, confirmed that the agency is currently conducting a thorough study of the petition to evaluate the proposed fare increase.Oil price hikeOil firms announced last Monday, April 15, a price hike that took effect on Tuesday, April 16. Pilipinas Shell, Cleanfuel, and Seaoil revealed increases of P0.95 per liter for diesel, P0.40 per liter for gasoline, and P0.85 per liter for kerosene. Unsuitable Perez cautioned against the proposed fare hike, deeming it unsuitable and warning that it might initiate a “domino effect,” leading to price increases in various sectors of the local economy. He said that when public utility vehicle drivers raise their minimum fare to offset rising fuel costs, these additional expenses are indirectly passed on to consumers.“Yes, if we talk about fare increases, there is a domino effect. It will bring higher prices for goods, like our basic goods,” he said.Perez said scrapping the Oil Deregulation Law and suspending both value-added and excise taxes on oil remain the most effective ways to halt fuel price hikes. He argued that government inaction and deregulation policies, particularly the law, are the main causes of the surging prices.Downstream Oil Industry Deregulation ActDuring President Fidel Ramos’s administration, Republic Act 8479, or the Downstream Oil Industry Deregulation Act of 1998, empowered market forces to set the prices of gasoline and other petroleum-based products for consumers. This law also deprived the Department of Energy of its authority to intervene in the domestic oil market. / KJF

LOCAL transport group Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (Piston) Cebu is standing firm in its decision not to seek a fare increase.Gregory Perez, chairperson of the 500-member group, said that burdening consumers with higher fares is not the solution to the current challenges, particularly high fuel prices.In an interview on Tuesday, April 16, 2024, Perez reiterated the need for a more comprehensive approach that does not adversely affect commuters.Perez emphasized that implementing a minimum fare increase in public transportation amid the prevailing economic situation would only inflate prices of prime commodities and goods.“We are not keen on pushing for a fare increase because we know it will affect our passengers and, of course, the prices of prime commodities,” he said in Cebuano, adding that students would be directly hurt if a hike was implemented.Push for P2 hikeLast week, the Alliance of Transport Operators and Drivers Association of the Philippines (Altodap), a group of traditional jeepney drivers, sought answers regarding the fare increase petition it had submitted. The group urged the Land Transportation Franchising and Regulatory Board (LTFRB) to promptly address its petition due to increasing pump prices. The group advocated for a P2 increase in the minimum fare of traditional jeepneys, proposing to raise it from P13 to P15.Boy Vargas, Altodap president, said the LTFRB had informed them that their petition is under consideration. However, the franchising agency has yet to issue a decision on the matter.LTFRB spokesperson Celine Pialago, in a media interview, confirmed that the agency is currently conducting a thorough study of the petition to evaluate the proposed fare increase.Oil price hikeOil firms announced last Monday, April 15, a price hike that took effect on Tuesday, April 16. Pilipinas Shell, Cleanfuel, and Seaoil revealed increases of P0.95 per liter for diesel, P0.40 per liter for gasoline, and P0.85 per liter for kerosene. Unsuitable Perez cautioned against the proposed fare hike, deeming it unsuitable and warning that it might initiate a “domino effect,” leading to price increases in various sectors of the local economy. He said that when public utility vehicle drivers raise their minimum fare to offset rising fuel costs, these additional expenses are indirectly passed on to consumers.“Yes, if we talk about fare increases, there is a domino effect. It will bring higher prices for goods, like our basic goods,” he said.Perez said scrapping the Oil Deregulation Law and suspending both value-added and excise taxes on oil remain the most effective ways to halt fuel price hikes. He argued that government inaction and deregulation policies, particularly the law, are the main causes of the surging prices.Downstream Oil Industry Deregulation ActDuring President Fidel Ramos’s administration, Republic Act 8479, or the Downstream Oil Industry Deregulation Act of 1998, empowered market forces to set the prices of gasoline and other petroleum-based products for consumers. This law also deprived the Department of Energy of its authority to intervene in the domestic oil market. / KJF Tendensya sa Industriya ng Paghuhusga sa Pilipinas AMID what he calls as “countless blunders” reportedly plaguing the Cebu Bus Rapid Transit (CBRT) project, Cebu City Councilor James Anthony Cuenco has called for the suspension of scheduled civil works for CBRT packages 2 and 3.The councilor is against further road closures that would consequently worsen the traffic situation in the city indefinitely.Instead, Cuenco calls on the CBRT proponent to first resolve the pending issues hounding the construction of Package 1, and its proposed partial operation this year.“No matter how much we want to trust these projections and timelines, it is leading us to the inevitable conclusion that this project will not be finished as scheduled,” Cuenco said in a privilege speech he delivered during the regular City Council session on Wednesday, Feb. 21, 2024.Cuenco’s speech came a few weeks after representatives from the National Economic and Development Authority (Neda) and the Department of Transportation (DOTr) appeared before the council on Feb. 7, upon its request, to apprise the council of the development of the ongoing CBRT construction.The council is particularly concerned about the traffic situation of the city that has reportedly worsened due to delays in the CBRT project implementation.During the Feb. 7 executive session, Neda told the council that the project remains economically viable despite delays, while the DOTr bared new projected timelines.The DOTr said it aims to partially operate the CBRT once its Package 1 is completed by the second quarter of 2024.Norvin Imbong, DOTr deputy project manager for systems and stakeholders relations, in the same executive session, said they are now starting with the procurement of Package 2 and “have already started reaching out to more companies that will be participating in the bidding process, land acquisition, resettlement, and social management.”The CBRT Package 2 includes the south trunk – from the South Road Properties to Mambaling via N. Bacalso Ave. – while Package 3 refers to the BRT’s north trunk – from Capitol to Escario St., then to Gorordo Ave. to Arch. Reyes Ave. to Cebu IT Park.However, Cuenco, head of the city’s transportation committee, said the completion of the CBRT project would take a lot longer and become more expensive, unless “corrective” measures are done before proceeding with the civil works for the succeeding phases of the BRT construction.The councilor pointed out that it is impossible for the DOTr to actually partially operate CBRT Package 1 by 2024 because of several issues that still have to be addressed.Part of Package 1 of the CBRT is set for completion in July 2024; however, the DOTr has yet to provide information on their engagement with contractors for the CBRT’s operation and management which raises concerns on the lack clarity and transparency, said Cuenco.Cuenco revealed his staff also came across a letter-invitation from the Public-Private Partnership Center dated Dec. 27, 2023 for negotiated procurement for project preparation and transaction advisory services for the operation and maintenance of the CBRT project.“The addressee, Mr. Prabanant, is a partner at Deloitte Touche Tomatsu India LLP, located in Delhi. Did I not present before in my privilege speech, the pitfalls of the Delhi BRT project, which only lasted a little over a year, folded up and turned out to be a failure,” Cuenco asked.Cuenco said the City Government should have also received copies of all documentary exhibits regarding each modification of the CBRT project, particularly feasibility studies justifying the budget increase from P16 billion to nearly P29 billion. CBRT Package 1 covers 2.38 kilometers from Cebu South Bus Terminal on N. Bacalso Ave. to the front of the Cebu Provincial Capitol Building on Osmeña Blvd.The CBRT is a National Government project. Majority of the construction work affects Cebu City and its residents. Other issuesCuenco pointed out that the DOTr aims to partially operate the project this year, when it has yet to finalize institutional arrangements and the mode of operation (whether public-private partnership or government) of the buses on the BRT route, as these are still subject to an ongoing feasibility study as of February.He also raised concerns on the challenges to acquire the lots needed for the succeeding CBRT packages. While the Department of Public Works and Highways (DPWH) is doing the acquisition of the lots affected along the national road, he said private lot owners are withholding the sale of their properties pending the City Government’s finalization of its plan to update its real property tax ordinance, which would consequently raise the prices of the owners’ lots and properties.Cuenco suggested allowing the proponent to finish constructing the CBRT Package 1, then observing and studying its partial operations to help determine if the CBRT really works.“In the meantime, let’s urge the BRT (proponent) to take a pause and suspend any further civil works of the package 2 and 3 until all the pending issues shall have been resolved to spare the public with having to bear further traffic nightmares,” Cuenco said in a mix of Cebuano and English.Cuenco then urged the executive department to “immediately commence” the construction and opening of alternative roads while waiting for the completion of the CBRT.

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AMID what he calls as “countless blunders” reportedly plaguing the Cebu Bus Rapid Transit (CBRT) project, Cebu City Councilor James Anthony Cuenco has called for the suspension of scheduled civil works for CBRT packages 2 and 3.The councilor is against further road closures that would consequently worsen the traffic situation in the city indefinitely.Instead, Cuenco calls on the CBRT proponent to first resolve the pending issues hounding the construction of Package 1, and its proposed partial operation this year.“No matter how much we want to trust these projections and timelines, it is leading us to the inevitable conclusion that this project will not be finished as scheduled,” Cuenco said in a privilege speech he delivered during the regular City Council session on Wednesday, Feb. 21, 2024.Cuenco’s speech came a few weeks after representatives from the National Economic and Development Authority (Neda) and the Department of Transportation (DOTr) appeared before the council on Feb. 7, upon its request, to apprise the council of the development of the ongoing CBRT construction.The council is particularly concerned about the traffic situation of the city that has reportedly worsened due to delays in the CBRT project implementation.During the Feb. 7 executive session, Neda told the council that the project remains economically viable despite delays, while the DOTr bared new projected timelines.The DOTr said it aims to partially operate the CBRT once its Package 1 is completed by the second quarter of 2024.Norvin Imbong, DOTr deputy project manager for systems and stakeholders relations, in the same executive session, said they are now starting with the procurement of Package 2 and “have already started reaching out to more companies that will be participating in the bidding process, land acquisition, resettlement, and social management.”The CBRT Package 2 includes the south trunk – from the South Road Properties to Mambaling via N. Bacalso Ave. – while Package 3 refers to the BRT’s north trunk – from Capitol to Escario St., then to Gorordo Ave. to Arch. Reyes Ave. to Cebu IT Park.However, Cuenco, head of the city’s transportation committee, said the completion of the CBRT project would take a lot longer and become more expensive, unless “corrective” measures are done before proceeding with the civil works for the succeeding phases of the BRT construction.The councilor pointed out that it is impossible for the DOTr to actually partially operate CBRT Package 1 by 2024 because of several issues that still have to be addressed.Part of Package 1 of the CBRT is set for completion in July 2024; however, the DOTr has yet to provide information on their engagement with contractors for the CBRT’s operation and management which raises concerns on the lack clarity and transparency, said Cuenco.Cuenco revealed his staff also came across a letter-invitation from the Public-Private Partnership Center dated Dec. 27, 2023 for negotiated procurement for project preparation and transaction advisory services for the operation and maintenance of the CBRT project.“The addressee, Mr. Prabanant, is a partner at Deloitte Touche Tomatsu India LLP, located in Delhi. Did I not present before in my privilege speech, the pitfalls of the Delhi BRT project, which only lasted a little over a year, folded up and turned out to be a failure,” Cuenco asked.Cuenco said the City Government should have also received copies of all documentary exhibits regarding each modification of the CBRT project, particularly feasibility studies justifying the budget increase from P16 billion to nearly P29 billion. CBRT Package 1 covers 2.38 kilometers from Cebu South Bus Terminal on N. Bacalso Ave. to the front of the Cebu Provincial Capitol Building on Osmeña Blvd.The CBRT is a National Government project. Majority of the construction work affects Cebu City and its residents. Other issuesCuenco pointed out that the DOTr aims to partially operate the project this year, when it has yet to finalize institutional arrangements and the mode of operation (whether public-private partnership or government) of the buses on the BRT route, as these are still subject to an ongoing feasibility study as of February.He also raised concerns on the challenges to acquire the lots needed for the succeeding CBRT packages. While the Department of Public Works and Highways (DPWH) is doing the acquisition of the lots affected along the national road, he said private lot owners are withholding the sale of their properties pending the City Government’s finalization of its plan to update its real property tax ordinance, which would consequently raise the prices of the owners’ lots and properties.Cuenco suggested allowing the proponent to finish constructing the CBRT Package 1, then observing and studying its partial operations to help determine if the CBRT really works.“In the meantime, let’s urge the BRT (proponent) to take a pause and suspend any further civil works of the package 2 and 3 until all the pending issues shall have been resolved to spare the public with having to bear further traffic nightmares,” Cuenco said in a mix of Cebuano and English.Cuenco then urged the executive department to “immediately commence” the construction and opening of alternative roads while waiting for the completion of the CBRT. Tendensya sa Industriya ng Paghuhusga sa Pilipinas Cebu City Mayor Michael Rama wants the fair market value in the revised real property tax (RPT) ordinance to reflect the current rate, despite calls from businessmen to stagger its implementation.“Pass the law, and we can discuss the implementing rules after,” Rama said over Cebu City Hall’s online program “Ingna’ng Mayor” on Thursday, Feb. 29, 2024.As the mayor of the City of Cebu, Rama said he wants it approved.On Tuesday, Feb. 27, Rama urged the City Council to pass the ordinance pertaining to the revised RPT before the end of this month.However, City Councilor Noel Eleuterio Wenceslao, chairman of the committee on budget and finance, said he still needs to meet the other councilors to discuss the matter and reach a consensus.Wenceslao said jumping to final deliberations without having the stance of the majority might simply defer the ordinance.In his point of view as a lawyer, Rama argued that implementing rules may be deferred within reasonable time to allow those affected to adjust their operational and financial management.“But let the fair market value already be back to what it is at the current time,” Rama said.Rama found it unfair that property owners have enjoyed paying taxes based on the value 20 years ago.The RPT Code of Cebu City was last revised in 2002.“Ang yuta bayran na unta (The tax paid on real estate should be) on the present value,” Rama said.He said it is the rich’s corporate social responsibility to share by paying the right amount of taxes.ReactionOn Saturday, Cebu Chamber of Commerce and Industry (CCCI) president Jay Yuvallos said they are proactively working with the mayor, his team and the City Council on this. On the matter of the fair market valuation, he said they hope that it will reflect a truthful and realistic value. “Certainly not based on speculation (bloated), a reflection of a fair value will also protect the land owner,” he said. He said the mayor has also intimated that the implementation will be on a staggered basis. “What is important and the clamor of everyone is that the increase will be gradual so that it becomes affordable. This is subject to a more thorough discussion when we get there,” he said, adding: “We also take cognizance of the fact that they need revenues to finance projects which we also want to see very soon, especially infrastructure projects that can significantly impact the lives of every Cebuano.”Yuvallos said the goal of the chamber is to help its members and the business community in general to expand and grow business. “This will in effect widen the tax base (not only RPT) as a source of revenue for the City. We will work with the City on the ‘Ease of Doing Business’ and helping promote a Business-Friendly Cebu City as what the mayor wanted to espouse,” he said. He said the CCCI will introduce programs that will encourage expansion and investments into the city and promote global competitiveness of the enterprises in Cebu.Proposed ordinanceUnder the proposed ordinance, the formula for deriving the total tax due as explained during the public hearing Friday is getting first the market value of the property. This can be determined by multiplying the land area by the fair market value (FMV).Skyrocketing taxesAfterwards, the market value will be multiplied by the assessment level, which will generate the assessed value. Then, the assessed value will be multiplied by the three percent tax rate. The result is the total tax due.For instance, a 1,493-square-meter commercial property in the Cebu IT Park with a current tax due of P26,874 will have a tax due of P895,800 once the updated tax ordinance gets implemented.Similarly, a portion of Cebu Business Park under the jurisdiction of Barangay Hipodromo will see its FMV shoot up to P245,000 from P16,300 per square meter, significantly affecting the RPT that Ayala Land will have to cough up if the measure is approved.In the proposed RPT ordinance, the market value of properties in some prime locations in Cebu City is expected to increase from 200 to 3,200 percent. Mayor Rama urged the passage of the RPT Code in order to raise funds to realize the objectives of his administration like the Gubat sa Baha (War against Flooding) and other projects like the transitional housing that will house the families affected by the clearing of three-meter easement zones.On Cebu City Hall’s online program “Pagtuki, Pagsusi, Pagsuta” on Wednesday, Feb. 28, City Budget Officer Jerone Castillo said P600 million is intended for the design and construction of 600 transitional housing units for the first phase of the project.The P600 million is one of the items in the first supplemental budget that the executive department has requested the council to approve this year.Other items include budget allocations for the Palarong Pambansa, Charter day bonus, and adjustments for the City Council.

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Cebu City Mayor Michael Rama wants the fair market value in the revised real property tax (RPT) ordinance to reflect the current rate, despite calls from businessmen to stagger its implementation.“Pass the law, and we can discuss the implementing rules after,” Rama said over Cebu City Hall’s online program “Ingna’ng Mayor” on Thursday, Feb. 29, 2024.As the mayor of the City of Cebu, Rama said he wants it approved.On Tuesday, Feb. 27, Rama urged the City Council to pass the ordinance pertaining to the revised RPT before the end of this month.However, City Councilor Noel Eleuterio Wenceslao, chairman of the committee on budget and finance, said he still needs to meet the other councilors to discuss the matter and reach a consensus.Wenceslao said jumping to final deliberations without having the stance of the majority might simply defer the ordinance.In his point of view as a lawyer, Rama argued that implementing rules may be deferred within reasonable time to allow those affected to adjust their operational and financial management.“But let the fair market value already be back to what it is at the current time,” Rama said.Rama found it unfair that property owners have enjoyed paying taxes based on the value 20 years ago.The RPT Code of Cebu City was last revised in 2002.“Ang yuta bayran na unta (The tax paid on real estate should be) on the present value,” Rama said.He said it is the rich’s corporate social responsibility to share by paying the right amount of taxes.ReactionOn Saturday, Cebu Chamber of Commerce and Industry (CCCI) president Jay Yuvallos said they are proactively working with the mayor, his team and the City Council on this. On the matter of the fair market valuation, he said they hope that it will reflect a truthful and realistic value. “Certainly not based on speculation (bloated), a reflection of a fair value will also protect the land owner,” he said. He said the mayor has also intimated that the implementation will be on a staggered basis. “What is important and the clamor of everyone is that the increase will be gradual so that it becomes affordable. This is subject to a more thorough discussion when we get there,” he said, adding: “We also take cognizance of the fact that they need revenues to finance projects which we also want to see very soon, especially infrastructure projects that can significantly impact the lives of every Cebuano.”Yuvallos said the goal of the chamber is to help its members and the business community in general to expand and grow business. “This will in effect widen the tax base (not only RPT) as a source of revenue for the City. We will work with the City on the ‘Ease of Doing Business’ and helping promote a Business-Friendly Cebu City as what the mayor wanted to espouse,” he said. He said the CCCI will introduce programs that will encourage expansion and investments into the city and promote global competitiveness of the enterprises in Cebu.Proposed ordinanceUnder the proposed ordinance, the formula for deriving the total tax due as explained during the public hearing Friday is getting first the market value of the property. This can be determined by multiplying the land area by the fair market value (FMV).Skyrocketing taxesAfterwards, the market value will be multiplied by the assessment level, which will generate the assessed value. Then, the assessed value will be multiplied by the three percent tax rate. The result is the total tax due.For instance, a 1,493-square-meter commercial property in the Cebu IT Park with a current tax due of P26,874 will have a tax due of P895,800 once the updated tax ordinance gets implemented.Similarly, a portion of Cebu Business Park under the jurisdiction of Barangay Hipodromo will see its FMV shoot up to P245,000 from P16,300 per square meter, significantly affecting the RPT that Ayala Land will have to cough up if the measure is approved.In the proposed RPT ordinance, the market value of properties in some prime locations in Cebu City is expected to increase from 200 to 3,200 percent. Mayor Rama urged the passage of the RPT Code in order to raise funds to realize the objectives of his administration like the Gubat sa Baha (War against Flooding) and other projects like the transitional housing that will house the families affected by the clearing of three-meter easement zones.On Cebu City Hall’s online program “Pagtuki, Pagsusi, Pagsuta” on Wednesday, Feb. 28, City Budget Officer Jerone Castillo said P600 million is intended for the design and construction of 600 transitional housing units for the first phase of the project.The P600 million is one of the items in the first supplemental budget that the executive department has requested the council to approve this year.Other items include budget allocations for the Palarong Pambansa, Charter day bonus, and adjustments for the City Council., check the following table to see what categories most online casinos in the Philippines fit in.

LOCAL transport group Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (Piston) Cebu is standing firm in its decision not to seek a fare increase.Gregory Perez, chairperson of the 500-member group, said that burdening consumers with higher fares is not the solution to the current challenges, particularly high fuel prices.In an interview on Tuesday, April 16, 2024, Perez reiterated the need for a more comprehensive approach that does not adversely affect commuters.Perez emphasized that implementing a minimum fare increase in public transportation amid the prevailing economic situation would only inflate prices of prime commodities and goods.“We are not keen on pushing for a fare increase because we know it will affect our passengers and, of course, the prices of prime commodities,” he said in Cebuano, adding that students would be directly hurt if a hike was implemented.Push for P2 hikeLast week, the Alliance of Transport Operators and Drivers Association of the Philippines (Altodap), a group of traditional jeepney drivers, sought answers regarding the fare increase petition it had submitted. The group urged the Land Transportation Franchising and Regulatory Board (LTFRB) to promptly address its petition due to increasing pump prices. The group advocated for a P2 increase in the minimum fare of traditional jeepneys, proposing to raise it from P13 to P15.Boy Vargas, Altodap president, said the LTFRB had informed them that their petition is under consideration. However, the franchising agency has yet to issue a decision on the matter.LTFRB spokesperson Celine Pialago, in a media interview, confirmed that the agency is currently conducting a thorough study of the petition to evaluate the proposed fare increase.Oil price hikeOil firms announced last Monday, April 15, a price hike that took effect on Tuesday, April 16. Pilipinas Shell, Cleanfuel, and Seaoil revealed increases of P0.95 per liter for diesel, P0.40 per liter for gasoline, and P0.85 per liter for kerosene. Unsuitable Perez cautioned against the proposed fare hike, deeming it unsuitable and warning that it might initiate a “domino effect,” leading to price increases in various sectors of the local economy. He said that when public utility vehicle drivers raise their minimum fare to offset rising fuel costs, these additional expenses are indirectly passed on to consumers.“Yes, if we talk about fare increases, there is a domino effect. It will bring higher prices for goods, like our basic goods,” he said.Perez said scrapping the Oil Deregulation Law and suspending both value-added and excise taxes on oil remain the most effective ways to halt fuel price hikes. He argued that government inaction and deregulation policies, particularly the law, are the main causes of the surging prices.Downstream Oil Industry Deregulation ActDuring President Fidel Ramos’s administration, Republic Act 8479, or the Downstream Oil Industry Deregulation Act of 1998, empowered market forces to set the prices of gasoline and other petroleum-based products for consumers. This law also deprived the Department of Energy of its authority to intervene in the domestic oil market. / KJF Is Philippines good at basketball? . here is how to register at an online casino site in the Philippines:

Cebu City Mayor Michael Rama wants the fair market value in the revised real property tax (RPT) ordinance to reflect the current rate, despite calls from businessmen to stagger its implementation.“Pass the law, and we can discuss the implementing rules after,” Rama said over Cebu City Hall’s online program “Ingna’ng Mayor” on Thursday, Feb. 29, 2024.As the mayor of the City of Cebu, Rama said he wants it approved.On Tuesday, Feb. 27, Rama urged the City Council to pass the ordinance pertaining to the revised RPT before the end of this month.However, City Councilor Noel Eleuterio Wenceslao, chairman of the committee on budget and finance, said he still needs to meet the other councilors to discuss the matter and reach a consensus.Wenceslao said jumping to final deliberations without having the stance of the majority might simply defer the ordinance.In his point of view as a lawyer, Rama argued that implementing rules may be deferred within reasonable time to allow those affected to adjust their operational and financial management.“But let the fair market value already be back to what it is at the current time,” Rama said.Rama found it unfair that property owners have enjoyed paying taxes based on the value 20 years ago.The RPT Code of Cebu City was last revised in 2002.“Ang yuta bayran na unta (The tax paid on real estate should be) on the present value,” Rama said.He said it is the rich’s corporate social responsibility to share by paying the right amount of taxes.ReactionOn Saturday, Cebu Chamber of Commerce and Industry (CCCI) president Jay Yuvallos said they are proactively working with the mayor, his team and the City Council on this. On the matter of the fair market valuation, he said they hope that it will reflect a truthful and realistic value. “Certainly not based on speculation (bloated), a reflection of a fair value will also protect the land owner,” he said. He said the mayor has also intimated that the implementation will be on a staggered basis. “What is important and the clamor of everyone is that the increase will be gradual so that it becomes affordable. This is subject to a more thorough discussion when we get there,” he said, adding: “We also take cognizance of the fact that they need revenues to finance projects which we also want to see very soon, especially infrastructure projects that can significantly impact the lives of every Cebuano.”Yuvallos said the goal of the chamber is to help its members and the business community in general to expand and grow business. “This will in effect widen the tax base (not only RPT) as a source of revenue for the City. We will work with the City on the ‘Ease of Doing Business’ and helping promote a Business-Friendly Cebu City as what the mayor wanted to espouse,” he said. He said the CCCI will introduce programs that will encourage expansion and investments into the city and promote global competitiveness of the enterprises in Cebu.Proposed ordinanceUnder the proposed ordinance, the formula for deriving the total tax due as explained during the public hearing Friday is getting first the market value of the property. This can be determined by multiplying the land area by the fair market value (FMV).Skyrocketing taxesAfterwards, the market value will be multiplied by the assessment level, which will generate the assessed value. Then, the assessed value will be multiplied by the three percent tax rate. The result is the total tax due.For instance, a 1,493-square-meter commercial property in the Cebu IT Park with a current tax due of P26,874 will have a tax due of P895,800 once the updated tax ordinance gets implemented.Similarly, a portion of Cebu Business Park under the jurisdiction of Barangay Hipodromo will see its FMV shoot up to P245,000 from P16,300 per square meter, significantly affecting the RPT that Ayala Land will have to cough up if the measure is approved.In the proposed RPT ordinance, the market value of properties in some prime locations in Cebu City is expected to increase from 200 to 3,200 percent. Mayor Rama urged the passage of the RPT Code in order to raise funds to realize the objectives of his administration like the Gubat sa Baha (War against Flooding) and other projects like the transitional housing that will house the families affected by the clearing of three-meter easement zones.On Cebu City Hall’s online program “Pagtuki, Pagsusi, Pagsuta” on Wednesday, Feb. 28, City Budget Officer Jerone Castillo said P600 million is intended for the design and construction of 600 transitional housing units for the first phase of the project.The P600 million is one of the items in the first supplemental budget that the executive department has requested the council to approve this year.Other items include budget allocations for the Palarong Pambansa, Charter day bonus, and adjustments for the City Council. Tendensya sa Industriya ng Paghuhusga sa Pilipinas . 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LOCAL transport group Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (Piston) Cebu is standing firm in its decision not to seek a fare increase.Gregory Perez, chairperson of the 500-member group, said that burdening consumers with higher fares is not the solution to the current challenges, particularly high fuel prices.In an interview on Tuesday, April 16, 2024, Perez reiterated the need for a more comprehensive approach that does not adversely affect commuters.Perez emphasized that implementing a minimum fare increase in public transportation amid the prevailing economic situation would only inflate prices of prime commodities and goods.“We are not keen on pushing for a fare increase because we know it will affect our passengers and, of course, the prices of prime commodities,” he said in Cebuano, adding that students would be directly hurt if a hike was implemented.Push for P2 hikeLast week, the Alliance of Transport Operators and Drivers Association of the Philippines (Altodap), a group of traditional jeepney drivers, sought answers regarding the fare increase petition it had submitted. The group urged the Land Transportation Franchising and Regulatory Board (LTFRB) to promptly address its petition due to increasing pump prices. The group advocated for a P2 increase in the minimum fare of traditional jeepneys, proposing to raise it from P13 to P15.Boy Vargas, Altodap president, said the LTFRB had informed them that their petition is under consideration. However, the franchising agency has yet to issue a decision on the matter.LTFRB spokesperson Celine Pialago, in a media interview, confirmed that the agency is currently conducting a thorough study of the petition to evaluate the proposed fare increase.Oil price hikeOil firms announced last Monday, April 15, a price hike that took effect on Tuesday, April 16. Pilipinas Shell, Cleanfuel, and Seaoil revealed increases of P0.95 per liter for diesel, P0.40 per liter for gasoline, and P0.85 per liter for kerosene. Unsuitable Perez cautioned against the proposed fare hike, deeming it unsuitable and warning that it might initiate a “domino effect,” leading to price increases in various sectors of the local economy. He said that when public utility vehicle drivers raise their minimum fare to offset rising fuel costs, these additional expenses are indirectly passed on to consumers.“Yes, if we talk about fare increases, there is a domino effect. It will bring higher prices for goods, like our basic goods,” he said.Perez said scrapping the Oil Deregulation Law and suspending both value-added and excise taxes on oil remain the most effective ways to halt fuel price hikes. He argued that government inaction and deregulation policies, particularly the law, are the main causes of the surging prices.Downstream Oil Industry Deregulation ActDuring President Fidel Ramos’s administration, Republic Act 8479, or the Downstream Oil Industry Deregulation Act of 1998, empowered market forces to set the prices of gasoline and other petroleum-based products for consumers. This law also deprived the Department of Energy of its authority to intervene in the domestic oil market. / KJF licensed online casinos AMID what he calls as “countless blunders” reportedly plaguing the Cebu Bus Rapid Transit (CBRT) project, Cebu City Councilor James Anthony Cuenco has called for the suspension of scheduled civil works for CBRT packages 2 and 3.The councilor is against further road closures that would consequently worsen the traffic situation in the city indefinitely.Instead, Cuenco calls on the CBRT proponent to first resolve the pending issues hounding the construction of Package 1, and its proposed partial operation this year.“No matter how much we want to trust these projections and timelines, it is leading us to the inevitable conclusion that this project will not be finished as scheduled,” Cuenco said in a privilege speech he delivered during the regular City Council session on Wednesday, Feb. 21, 2024.Cuenco’s speech came a few weeks after representatives from the National Economic and Development Authority (Neda) and the Department of Transportation (DOTr) appeared before the council on Feb. 7, upon its request, to apprise the council of the development of the ongoing CBRT construction.The council is particularly concerned about the traffic situation of the city that has reportedly worsened due to delays in the CBRT project implementation.During the Feb. 7 executive session, Neda told the council that the project remains economically viable despite delays, while the DOTr bared new projected timelines.The DOTr said it aims to partially operate the CBRT once its Package 1 is completed by the second quarter of 2024.Norvin Imbong, DOTr deputy project manager for systems and stakeholders relations, in the same executive session, said they are now starting with the procurement of Package 2 and “have already started reaching out to more companies that will be participating in the bidding process, land acquisition, resettlement, and social management.”The CBRT Package 2 includes the south trunk – from the South Road Properties to Mambaling via N. Bacalso Ave. – while Package 3 refers to the BRT’s north trunk – from Capitol to Escario St., then to Gorordo Ave. to Arch. Reyes Ave. to Cebu IT Park.However, Cuenco, head of the city’s transportation committee, said the completion of the CBRT project would take a lot longer and become more expensive, unless “corrective” measures are done before proceeding with the civil works for the succeeding phases of the BRT construction.The councilor pointed out that it is impossible for the DOTr to actually partially operate CBRT Package 1 by 2024 because of several issues that still have to be addressed.Part of Package 1 of the CBRT is set for completion in July 2024; however, the DOTr has yet to provide information on their engagement with contractors for the CBRT’s operation and management which raises concerns on the lack clarity and transparency, said Cuenco.Cuenco revealed his staff also came across a letter-invitation from the Public-Private Partnership Center dated Dec. 27, 2023 for negotiated procurement for project preparation and transaction advisory services for the operation and maintenance of the CBRT project.“The addressee, Mr. Prabanant, is a partner at Deloitte Touche Tomatsu India LLP, located in Delhi. Did I not present before in my privilege speech, the pitfalls of the Delhi BRT project, which only lasted a little over a year, folded up and turned out to be a failure,” Cuenco asked.Cuenco said the City Government should have also received copies of all documentary exhibits regarding each modification of the CBRT project, particularly feasibility studies justifying the budget increase from P16 billion to nearly P29 billion. CBRT Package 1 covers 2.38 kilometers from Cebu South Bus Terminal on N. Bacalso Ave. to the front of the Cebu Provincial Capitol Building on Osmeña Blvd.The CBRT is a National Government project. Majority of the construction work affects Cebu City and its residents. Other issuesCuenco pointed out that the DOTr aims to partially operate the project this year, when it has yet to finalize institutional arrangements and the mode of operation (whether public-private partnership or government) of the buses on the BRT route, as these are still subject to an ongoing feasibility study as of February.He also raised concerns on the challenges to acquire the lots needed for the succeeding CBRT packages. While the Department of Public Works and Highways (DPWH) is doing the acquisition of the lots affected along the national road, he said private lot owners are withholding the sale of their properties pending the City Government’s finalization of its plan to update its real property tax ordinance, which would consequently raise the prices of the owners’ lots and properties.Cuenco suggested allowing the proponent to finish constructing the CBRT Package 1, then observing and studying its partial operations to help determine if the CBRT really works.“In the meantime, let’s urge the BRT (proponent) to take a pause and suspend any further civil works of the package 2 and 3 until all the pending issues shall have been resolved to spare the public with having to bear further traffic nightmares,” Cuenco said in a mix of Cebuano and English.Cuenco then urged the executive department to “immediately commence” the construction and opening of alternative roads while waiting for the completion of the CBRT.

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LOCAL transport group Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (Piston) Cebu is standing firm in its decision not to seek a fare increase.Gregory Perez, chairperson of the 500-member group, said that burdening consumers with higher fares is not the solution to the current challenges, particularly high fuel prices.In an interview on Tuesday, April 16, 2024, Perez reiterated the need for a more comprehensive approach that does not adversely affect commuters.Perez emphasized that implementing a minimum fare increase in public transportation amid the prevailing economic situation would only inflate prices of prime commodities and goods.“We are not keen on pushing for a fare increase because we know it will affect our passengers and, of course, the prices of prime commodities,” he said in Cebuano, adding that students would be directly hurt if a hike was implemented.Push for P2 hikeLast week, the Alliance of Transport Operators and Drivers Association of the Philippines (Altodap), a group of traditional jeepney drivers, sought answers regarding the fare increase petition it had submitted. The group urged the Land Transportation Franchising and Regulatory Board (LTFRB) to promptly address its petition due to increasing pump prices. The group advocated for a P2 increase in the minimum fare of traditional jeepneys, proposing to raise it from P13 to P15.Boy Vargas, Altodap president, said the LTFRB had informed them that their petition is under consideration. However, the franchising agency has yet to issue a decision on the matter.LTFRB spokesperson Celine Pialago, in a media interview, confirmed that the agency is currently conducting a thorough study of the petition to evaluate the proposed fare increase.Oil price hikeOil firms announced last Monday, April 15, a price hike that took effect on Tuesday, April 16. Pilipinas Shell, Cleanfuel, and Seaoil revealed increases of P0.95 per liter for diesel, P0.40 per liter for gasoline, and P0.85 per liter for kerosene. Unsuitable Perez cautioned against the proposed fare hike, deeming it unsuitable and warning that it might initiate a “domino effect,” leading to price increases in various sectors of the local economy. He said that when public utility vehicle drivers raise their minimum fare to offset rising fuel costs, these additional expenses are indirectly passed on to consumers.“Yes, if we talk about fare increases, there is a domino effect. It will bring higher prices for goods, like our basic goods,” he said.Perez said scrapping the Oil Deregulation Law and suspending both value-added and excise taxes on oil remain the most effective ways to halt fuel price hikes. He argued that government inaction and deregulation policies, particularly the law, are the main causes of the surging prices.Downstream Oil Industry Deregulation ActDuring President Fidel Ramos’s administration, Republic Act 8479, or the Downstream Oil Industry Deregulation Act of 1998, empowered market forces to set the prices of gasoline and other petroleum-based products for consumers. This law also deprived the Department of Energy of its authority to intervene in the domestic oil market. / KJF Is Philippines good at basketball?

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