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…

Cebu City’s SRP loan interest reduced

Nestle L. Semilla 08/22/2016

THE Land Bank of the Philippines reduce the interest rate on Cebu City’s loan for the South Road Properties (SRP) from two percent to 1.5 percent. The Cebu City Local Finance Committee met with LBP officials Monday…

City Council committee tackles SB 1, suggests city pay SRP loan in full instead

Nestle L. Semilla 08/12/2016

THE proposed Supplemental Budget 1 (SB1) asking for an additional P13 million for the SRP loan payment which will be due this August 20 will likely be approved during this Tuesday’s City Council’s regular session. Councilor Joy…

Butane canisters spark road fire, calls to ban refilling renewed

Carmel Loise Matus, Rabboni Centino Borbon, Rene F. Alima 08/11/2016

A delivery truck loaded with butane canisters exploded early morning yesterday at the South Coastal Road near the South Road Properties (SRP) after it rammed into a school bus, leaving behind a trail of destruction which a…

Tom seeks P13M supplemental budget

Nestle L. Semilla 08/10/2016

CEBU City Mayor Tomas Osmeña submitted to the Cebu City Council his first Supplemental Budget for this year worth P13.2 million. Before he left for his annual checkup in Houston, Texas, Osmeña submitted the budget to the…

Mike tells Tomas: Build case on sale of pond F

Nestle L. Semilla 08/01/2016

Mayor wants amendment to ordinance on council authority for SRP sale Cebu City Mayor Tomas Osmeña will have to convince the Team Rama bloc in the City Council to sell any lot in the South Road Properties…

Tom told: Sell SRP lots at P1B per hectare

Nestle L. Semilla 07/29/2016

A CEBU city councilor is challenging Cebu City Mayor Tomas Osmeña to sell lots at the South Road Properties (SRP) at P200,000 per square meter or at P1 billion per hectare. Councilor Joey Daluz III issued the…

Tourism exec: Cebu needs more convention centers

Victor Anthony V. Silva 07/24/2016

Despite hosting recent int’l events, Cebu should improve areas to sustain MICE growth Cebu should have bigger convention centers, better roads and improved facilities to continue making a mark in the meetings, incentives, conferences and exhibitions (MICE)…

6th St. Ignatius Run slated July 26 at SRP

Glendale G. Rosal 07/12/2016

THE 6th edition of the St. Ignatius Run will unfold on July 24 at the SM Seaside in the South Road Properties (SRP). Organized by Batch 1991 of the Sacred Heart School-Ateneo de Cebu, the run will…

Yu, former CIPC head, asked to take care of SRP anew

Nestle L. Semilla 07/06/2016

FORMER Cebu Investment Promotions Center (CIPC) head, Joel Mari Yu, will be back to manage the South Road Properties. Cebu City Mayor Tomas Osmeña said yesterday that he would hire Yu back as a consultant and as…

Downpour delays ‘Du31’ thanksgiving concert

Carmel Loise Matus 06/25/2016

CEBU CITY—It was raining when Richel Indino and her sisters were waiting for the ride in going to the Sugbo Grounds at the South Road Properties here to attend the thanksgiving party for President-elect Rodrigo Duterte. By…

REQUESTS APPROVED

Glendale G. Rosal 06/24/2016

Meeting with IronMan AsPac C’ships organizer and incoming Cebu City mayor successful Sunrise Events Inc. (SEI) General Manager Princess Galura breathed a sigh of relief after her meeting with Cebu City’s incoming Mayor Tomas Osmeña went well…

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