SSS offers calamity loan for displaced workers in Boracay

Futch Anthony Inso 05/04/2018

The Social Security Service is offering calamity loan to residents and displaced workers in Boracay. Alexander Christian Erl Genelza, information officer of SSS-Cebu Branch, said that displaced workers from Boracay who are now working here in Cebu…

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…

GSIS shortens benefit, loan processing period

Inquirer.net 09/06/2017

THE state-run pension fund Government Service Insurance System has cut short the processing periods for members and retirees’ benefits. “Retirement and life insurance claims are now being processed within 30 days from 90 days, even shorter than…

PH eyes P140B loan from China

Inquirer.net 08/01/2017

To fund infra projects The government plans to borrow P140 billion from China on top of securing P6 billion in grants for infrastructure projects, Finance Secretary Carlos G. Dominguez III said Tuesday. Dominguez told the House appropriations…

Cash Credit launches Pera Agad in Cebu

PR 05/22/2017

OUT of cash to start up your business, pay bills and even get rewarded? Worry no more as Cash Credit brings Pera Agad right to your doorsteps. To deliver its services in the easiest and most convenient…

PASSI secures P120 million loan for expansions

Aileen Garcia-Yap 05/08/2017

A Cebu-based company engaged in medical and septage waste treatment business has secured a P120 million loan from the Development Bank of the Philippines (DBP) to finance upgrading and expansions set this year. In an interview, Pollution…

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…

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…

BPI Family Auto Madness at Ayala Center Cebu this weekend

PR 11/07/2016

BPI FAMILY Savings Bank is again all set to help fulfill another Filipino family’s dream of getting their own car as it brings its second wave of mall-based Auto Madness sorties to a complete circle in the…

LandBank approves .5% cut in interest of Cebu City’s SRP loan

Nestle L. Semilla 08/22/2016

THE Land Bank of the Philippines agreed to reduce the interest of the Cebu City government’s loan payments of the South Road Properties. LBP granted the request of the city government to reduce the interest from 2…

Land Bank deducts P240M for SRP payment

Nestle L. Semilla 06/21/2016

EVEN with a reenacted budget for this year, Cebu City managed to pay P240.3 million for its South Road Properties (SRP) loan amortization. Cebu City Acting Mayor Margot Osmeña said the amount represents the amortization due last…

SRP loan prepayment to be cut from 2016 budget

Jose Santino S. Bunachita 05/16/2016

SEVERAL items under the revised P9.8 billion annual budget for Cebu City this year are expected to be disapproved by the City Council. The biggest item, the P2.4 billion prepayment of the South Road Properties (SRP) loan,…

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