SAN PEDRO, Laguna—The Court of Appeals has issued a writ of preliminary injunction that indefinitely suspends the release of the P900 million that the city government of San Pablo was borrowing from a private bank. The injunction, issued on Wednesday, came out after the 60-day temporary restraining order (TRO) earlier issued by the CA expired on Dec. 10. In a phone interview on Friday, lawyer Job Gesmundo said the injunction now prevented the city government and the Philippine Veterans’ Bank (PVB) from pursuing the loan transaction until the CA decides on the validity of the city ordinance that approved the P900 million loan. Gesmundo is the legal counsel of a group of San Pablo taxpayers that opposed the loan deal, which the city government in June entered into with the PVB. The city government said the amount would be used for the following projects and obligations: P140 million to pay for a previous loan, P200 million each for a multipurpose convention center and a touris...