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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…
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…
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…
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…
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 Assuming that outdated tarps or flyers are not used, advertised rates are a…
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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