TACLOBAN CITY — The local government here will no longer borrow money from the bank to rehabilitate the Leyte Park Resort Hotel. 'I went to Landbank two weeks ago to tell them that we don't need the loan because we have enough money,' said Mayor Alfred Romualdez on Thursday, June 1. This is in contrast to an earlier plan of the city government to secure a P500 million from the Landbank of the Philippines to renovate the Leyte Park Resort Hotel. The city government was able to get the go signal from the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), an attached agency of the Department of Tourism which has a stake of the 6.

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