Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here's what you need to know on Tuesday, May 30. The Metropolitan Cebu Water District (MCWD) denied facing financial challenges as it grapples with threats of an organizational shakeup. In a press release, MCWD reported that its assets in 2022 amounted to a total of P5.2 billion. Of these figures, P1.2 billion happened to be cash and cash dividends, said lawyer Jose 'Joey' Daluz III, MCWD chairperson. The Senate approved on Monday a bill pushing back the deadline to avail of estate tax amnesty by another two years.

https://cebudailynews.inquirer.net/507117/cebu-daily-newscast-mcwd-allays-fears-on-financial-woes

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