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Published February 9, 2021, 8:47 PM
The House of Representatives on Tuesday, February 9, approved on third and final reading the bill that would provide government banks at least P55 billion to extend loans to micro-, small- and medium enterprises (MSMEs) that absorbed the heavy impact of the coronavirus disease (COVID-19) pandemic.
MANILA BULLETIN FILE PHOTO
A total 185 congressmen who attended the virtual plenary session voted for the passage of House Bill No. 7749 or the Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) Act.
The six members of the Makabayan bloc who have consistently rejected several administration-backed measures were joined this time by ten other lawmakers who warned against the adverse effects of the bill.