Damaged resorts in Cebu Province may get loans from gov’t banks

Delta Dyrecka Letigio 01/08/2022

CEBU CITY, Philippines — Resorts in Cebu Province that sustained damages from Typhoon Odette will have a chance to rebuild again. Governor Gwendolyn Garcia said that the Capitol is in negotiations with the Landbank of the Philippines…

Cebu City mulls taking P5-B LBP loan offer

Delta Dyrecka Letigio 01/27/2021

CEBU CITY, Philippines — Cebu City may take the P5 billion loan offer of the LandBank of the Philippines if the local finance committee finds no problems in doing so. Mayor Edgardo Labella said that the LBP…

Yap to gov’t agencies: Help small businesses recover from pandemic

Doris C. Bongcac 05/30/2020

MANDAUE CITY, Cebu – Bohol Governor Arthur Yap is planning to avail of a loan from government banks and pass on the proceeds of the loan “to small businesses who need the working capital” to recover from…

Cebu City assures Landbank: We will pay SRP loan

Delta Dyrecka Letigio 07/30/2019

CEBU CITY, Philippines — The Cebu City government promised the Land Bank of the Philippines (LBP) that the city would pay off the P1.7 billion standing balance left of its P4.65 billion loan from the Japan International…

Land Bank of the Philippines warns cardholders of ‘account lock’ scam

Delta Dyrecka Letigio 07/25/2019

CEBU CITY, Philippines—The Land Bank of the Philippines (LBP) is warning its cardholders of an electronic mail (e-mail) being sent to its clients asking for personal information. In a memorandum sent to government agencies, the LBP said…

Court allows 3 Romanians in ATM fraud to post bail

Jessa Mae Sotto 10/03/2018

THE court has allowed the three Romanian nationals who were arrested for their alleged involvement in automated teller machines (ATM) fraud in Cebu to post bail. Judge Ramon Daomilas of the Regional Trial Court in Cebu City…

City eyes P3B LBP loan offer

Jose Santino S. Bunachita 10/31/2017

  Cebu City Mayor Tomas Osmeña is planning to avail of the P3-billion loan with the Land Bank of the Philippines (LBP) to fund various infrastructure, drainage and road concreting projects. If pursued, City Hall will have…

Toledo City inks P1.3B loan deal with LBP

Jose Santino S. Bunachita 05/05/2017

MAJOR infrastructure projects may soon break ground in the midwestern City of Toledo. Mayor John Henry Osmeña announced in a post on his Facebook account that the city has entered into a P1.3-billion loan agreement with Land…

Protection from skimmers

Editorial 03/22/2017

While the three Romanians accused of skimming the ATM accounts of depositors and government employees at the Land Bank of the Philippines (Landbank) Metro Cebu branches languish in jail, it’s time for the local banking community to…

Konbikto diritso ning mga Romanian national

Lloyd Suarez 03/19/2017

Ngan nga usa ka daku’ng sindikato ang binuhatan sa tulo ka mga dinakpan nga mga Romanian nationals kinahanglang tun-an pag-ayo sa taga Land Bank of the Philippines (LBP) ug National Bureau of Investigation (NBI) nga ipangtaral ning…

City Hall saves P1.8M in SRP loan payment

Jose Santino S. Bunachita 03/09/2017

CEBU City Hall was able to save around P1.8 million in its latest payment for the amortization of the South Road Properties (SRP) loan. Last February 20, the Land Bank of the Philippines (LBP) has started collecting…

Dumanjug vice mayor assumes town’s leadership

Nestle L. Semilla 02/23/2017

DESPITE having assumed the mayorship of Dumanjug town for the past 10 days, Rene Asentista has not yet fully discharged his new function. He admitted that he has not yet signed any legal documents, especially those involving…

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