Tag Archive | "Postal"

Postal Bank waits for court order; Cebu city can't touch P124M deposit

Postal Bank waits for court order; Cebu city can't touch P124M deposit Only a court order will compel the Philippine Postal Bank to lift its tagging of accounts of the Cebu city government amounting to P124.16 million. Full News here – Read more on Inquirer.net (blog)

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City Council summons Postal Bank for freezing City Hall checks

THE Cebu City Council will hold a special session today to find out why city deposits with the Philippine Postal Bank have been tagged or temporarily withheld. “Some checks of the city were reportedly returned. That’s alarming. That’s very disturbing,” said Councilor Margot Osmeña during last Wednesday’s session. She said they invited City Treasurer Ofelia […]

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