By Doris C. Bongcac
INSTEAD of a bank loan, the Cebu City government can terminate its P165 million time deposit with the Philippine Veterans Bank (PVB) to help fund the P1.147-billion Supplemental Budget no. 2. Councilor Margot Osmeña suggested this option in yesterday’s budget hearing at the City Council that was attended by City Hall department heads. “Wouldn’t it [...]
Posted: September 1st, 2011 in CDN - News,Cebu Daily News | Read More »
By Maricar Cinco
SAN PABLO CITY—A group of taxpayers sought to stop and nullify the P900-million bank loan of the city government on grounds that it was approved without a public hearing. The five-year loan, “approved in principle” by the Philippine Veteran’s Bank (PVB), was appropriated for various city projects, including a convention center and the upgrade of [...]
Posted: August 10th, 2011 in Headlines,Regions | Read More »
