Osmeña: Paying SRP loan is not justification for squandering city funds

Delta Dyrecka Letigio 12/08/2021

CEBU CITY, Philippines — Former Cebu City Mayor Tomas Osmeña took a jab at the plans of incumbent Mayor Michael Rama on paying in full the remaining balance of the South Road Properties (SRP) loan. The city…

Cebu City will soon be debt-free, SRP proceeds almost used up

Delta Dyrecka Letigio 06/05/2021

  CEBU CITY, Philippines — Cebu City will finally be free from over a 25-year debt should the P4.4 billion supplemental budget that Mayor Edgardo Labella is asking will be passed by the City Council. Councilor Raymond…

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