Supplemental budget eyed for SRP loan

Jose Santino S. Bunachita 07/15/2015

Cebu City Mayor Michael Rama said he will request the city council to pass a supplemental budget this year for the full payment of the P3-billion South Road Properties (SRP) loan. Rama said the additional budget will…

Cebu City needs BSP, JICA approval for loan conversion

Jose Santino S. Bunachita 01/09/2015

The Cebu City government cannot convert its loan for the South Road Properties (SRP) from yen to peso just yet. An official of the Land Bank of the Philippines (LBP) told the Cebu City Council in yesterday’s…

P200M-loan eyed for heavy equipment

Peter L. Romanillos 12/26/2014

The Cebu provincial government is planning to apply for a P200-million loan next year to  buy  heavy equipment  for building and maintaining barangay and provincial roads. On Monday,  the Cebu Provincial Board (PB) will hold  a special…

10 Important Housing Loan Basics

Invictus Paradela 09/09/2014

Very few of us are fortunate enough to buy our desired property on a cash basis. Most will inevitably have to deal with a lending institution like a bank, PAGIBIG, GSIS, or a coop. Here are some…

4 Important Truths about House or Condo Amortization Rates

Invictus Paradela 08/26/2014

We often see advertized rates of properties in flyers, websites, and other marketing materials declaring that payments are, for example, “as low as P5,000/month.” Assuming that outdated tarps or flyers are not used, advertised rates are a…

Rama eyes new P3.2 billon loan to settle SRP loan

Doris C. Bongcac 06/27/2014

The Cebu City government is studying the possibility of borrowing P3.2 billion from a bank to buy out the city’s standing loan with the Japan International Cooperation Agency (JICA). The Land Bank of the Philippines (LBP) acts…

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