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Published March 17, 2021 2:04pm By TED CORDERO, GMA News Senate Minority Leader Franklin Drilon raised alarm on Wednesday over the sincerity of the Duterte administration to help companies affected by COVID-19, stressing that the proposed P10-billion “rescue package” is a measly amount compared to the budget allocated for the government’s anti-insurgency drive. During the resumption of the Senate committee on banks and financial institutions’ discussion on the Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE), Drilon said the planned P10-billion allocation to be lent out to distressed strategically important companies (SICs) is “such a small amount. We do not know if this can help.”

Sherwin gatchalianImee marcosGuian angelo dumlaganBureau of treasurySenate minority leader franklin drilonLand bankDevelopment bankDistressed enterprisesEconomic recoveryNational task forceEnd local communist armed conflictNational treasurer rosalia de leonSenators imee marcosSics assistance packageNovel coronavirusMo ney