Concerns raised over potential investors being driven away by higher real property tax (RPT) in Cebu City. Business entities seek discounted fair market value, staggered implementation, and sustainable solutions. Impact on BPO industry highlighted. City Assessor explains basis for higher values. Calls to maintain discounted market value to support businesses. Proposal not yet final, subject to City Council deliberation. Ayala Land emphasizes need for sustainable increases. Clarifications on RPT revision provided. Updates to fair market value expected due to development. Forum attended by key entities.
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FRAUD! City lawyer Mugenyi cornered, set to lose billion By our reporter The city lawyer in the 41-years property grabbing scheme, Yesero Mugenyi is bound to lose billions of shillings after the High Court in Kampala (Land Division) dismissing an application MA No.415 of 2022 (arising from MA No.1403 of 2022 & CS No. 87
USM Holdings, one of Russia’s largest business groups, announced today that it has appointed Oksana Gorshkova as its new CEO. She will replace current CEO Yerkozha Akylbek (pictured), who voluntarily resigned from the group and its subsidiaries. Prior to his role as CEO and through April 2022, Akylbek served as USM’s First Deputy General Director and Executive Director. […]
By our reporter The 41-years property grabbing scheme in which a city lawyer Yesero Mugenyi allegedly denied family members access is in its final stage of completion in the favour of the original proprietor, Abdu Nassar. Nassar, a former Permanent Secretary of the Ministry of Presidency during Idd Amin's regime and his family were