Sunday, November 02, 2008 (Philippines)

To avoid the heat and the crowds, some families chose to visit the graves of relatives at the Calamba Cemetery at night. Save for the confiscation of some liquor bottles, bolos and other blades, the police described All Saints’ Day as peaceful and orderly. (Sunstar photo/Amper Campaña) ALTHOUGH the Cebu City Government has the biggest liabilities among all cities in the country, City Administrator Francisco Fernandez said this was not a cause for worry, since the amount represents an investment that could earn billions more. The Commission on Audit (COA), in its report for fiscal year 2007, listed Cebu City as having the biggest total liabilities among all cities, amounting to P5.739 billion. The bulk of the amount was incurred in the 295-hectare reclamation project known as the South Road Properties (SRP), financed through a loan from the Japan Bank for International Cooperation (JBIC). [full story]