A NEW and modern coliseum worth P200 million will be built in the heart of Parañaque City, Mayor Eric Olivarez announced Wednesday. The soon-to-rise Parañaque City Coliseum will be situated beside the Parañaque City College at the corner of Cavitex and Victor Medina Street, making it in the vicinity of…
Parañaque City Mayor Edwin Olivarez has ordered the City Treasurer’s Office to release around P120 million for the mid-year bonus of City Hall employees. Olivarez said City Treasurer Anthony Pulmano Pulmano was instructed to start depositing the mid-year bonus of around 7,000 City Hall employees to
Mayor Edwin Olivarez delivered his final State of the City Address (SOCAD) as mayor during Paranaque City's 24th cityhood anniversary on Sunday, Feb. 13. Olivarez reported that when he assumed as city chief executive, the city government was facing a P4 billion debt from the Land Bank of the Phi
The Paranaque City government ranked Top 2 among all the local government units (LGUs) in the National Capital Region (NCR) for efficient revenue collection for fiscal year 2020. Mayor Edwin Olivarez commended City Treasurer Anthony Pulmano for surpassing the collection of P5.6-billion locally sour
Published July 7, 2021, 12:42 PM
The Land Bank of the Philippines has certified that the local government of Paranaque City is now debt-free.
Mayor Edwin Olivarez thanked City Treasurer Anthony Pulmano for using the “prudent spending and good governance” formula that enabled the city government to pay off its loan to Land Bank amounting to more than P4-billion.
Olivarez said the city government acquired the debt of more than P4-billion since 2013.
He said the city government also included transparency and accountability in the “prudent spending and good governance” formula in paying off the debt of the city government.
The mayor said that even at the height of the pandemic, the city government was slowly paying off its loan to Land Bank and other financial institutions.