CEBU CITY: The Bangko Sentral ng Pilipinas (BSP) has approved the Cebu City Government’s plan to pay off a P2.4-billion balance on a loan it took out to develop the South Road Properties (SRP).
In a letter to Mayor Michael Rama dated Nov. 25, BSP Officer-In-Charge Rosalina Tan said the Monetary Board approved the City Government’ proposal, subject to several requirements.
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