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Saturday, February 19, 2005 (Philippines)

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Breaking News

Labor office can meet target deployment this year: Sto. Tomas (11:13 a.m.)

(Click on the refresh button of your browser to get updates. -- Editors)

Cebu City needs P150M to pay for SRP loan

Placid look of the South Reclamation Project does not show the huge debt trap into which the Cebu City Government and its taxpayers have fallen. SRP loan has ballooned from P2.2 billion in 1996 to P4.33 billion this year. (Sun.Star Cebu/Alex Badayos)

CEBU CITY -- Cebu City Hall will be spending over P1 million a day to pay for the interest alone of its loan for the South Reclamation Project (SRP), said SRP manager Nigel Paul Villarete.

On Sunday, the City Government is expected to pay 288,389,482 million yen or P150.28 million, a portion of the interest, to the Land Bank of the Philippines (LBP), conduit for the Japan Bank for International Cooperation (JBIC).
[full story]

CITY OF SAN FERNANDO -- A mansion in a posh subdivision in this city may have been for some time the lair of a big-time manufacturer of the illegal drug methamphetamine hydrochloride or shabu.

Arroyo pushes national ID system plan

MANILA -- President Gloria Macapagal-Arroyo batted Friday for tougher laws against terrorism that includes the implementation of a national identification (ID) system but left Congress to debate on the issue of wiretapping.

Orange alert up in Davao City; attack 'likely'

DAVAO CITY -- Mayor Rodrigo R. Duterte raised Friday the alert level in Davao City from yellow to orange, signifying there is a high risk of terror attacks happening here.

	Business
CEBU: Cebu in promo kit given at Asean forum: DOT 7
DAVAO: N. Cotabato to receive Euro health grant
ILOILO: Energy department turns over plan to dev't council

	Opinion
Libre: Rekindling the Edsa spirit
Cervantes: Freemasonry
Nalzaro: Mayor Osmeña’s wrath
Ferrer: RP's debt is P3.7-trillion; each Pinoy owes P41,000
Bagabuyo: Alas the IBP polls and Arroyo

	Sports
DAVAO: Busy year for Triad

	Lifestyle
DAVAO: Not your average sticker
ILOILO: Mel Varca celebrates 18 years of design
CEBU: Carcar Academy bares meeting schedules
MANILA: 'Confidence': No way to cheat the mob

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:: Country News ::

Bacolod
249 state college co-eds can't graduate?
Mayor asked: Where are the traffic lights?

Baguio
Mayor to reopen streets to Jadewell 'but no fees'
Dad asks Mondiguing to seize colorum vans

Cebu
‘Kidnapper’ falls: After 3 years as fugitive, with P.5M bounty on his head
Nothing can bring my son back: Jemar’s pa

Cagayan de Oro
'Some bombers visited Oro'
Xavier studes tagged as 'cyber terrorists'

Davao
City engineer: Vice mayor already has roofdeck report
City to benefit from closure of 8 satellite terminals

Dumaguete
Multicab holdupper nabbed
UCCP bishop clarifies 'arrest'

General Santos
Malungon villages come to light
Fuentes appeals for unity to achieve more growth

Iloilo
Cattle rustling cases worsen
German nabbed for raping mentally ill on V-Day

Manila
Police identify 3 Makati bus bombers; hunt on
Bishop backs release of ex-Moro leader

Pampanga
Fare hike on N. Luzon expressway route opposed
Darwin plans wipeout of Mabical beerhouses

Pangasinan
Robbers accuse cops of robbery
New Dagupan legal chief adjusts into city system

Zamboanga
Military chief reveals modernization program
Girl, 11, dies from beating