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THE Social Security System has already released P49.8 million in pension loans to 1,976 pensioners who availed of the first-of-its-kind loan program piloted by the state-run pension fund this month. In just 12 days after the pension…
AT LEAST 10 loan agreements for infrastructure projects will be signed when Chinese President Xi Jinping visits the Philippines in November, Budget Secretary Benjamin E. Diokno said. The Philippine and Chinese sides are fast-tracking the financing for…
THE Cebu City government is set to pay its second amortization of the year on Monday (Aug. 20) for the loan it incurred from the Japanese government for the construction of the South Road Properties (SRP). As…
The Cebu Provincial Board authorized Gov. Hilario Davide III to enter into negotiations with the Development Bank of the Philippines to finance construction of a 20-storey multipurpose modern building at the Capitol Compound. During Monday’s regular session,…
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…
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…
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…
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…
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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…
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…
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…
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