SRP DEBT RISING

Jose Santino S. Bunachita 02/11/2016

The Cebu City government faces a penalty of nearly P2 million a day if it fails to pay the amortization for the South Road Properties (SRP) loan on Feb. 20. “There would be penalties and charges. It…

Council authorizes Rama to negotiate for SRP loan balance

Jose Santino S. Bunachita 08/27/2015

The Cebu City Council authorized Mayor Michael Rama to negotiate with the Land Bank of the Philippines (LBP) to pre-terminate the South Road Properties (SRP) loan. The city can save over P139 million a year if it…

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