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Government lender approves ₧5 6-billion borrowing for MSMEs

THE Small Business Corp. (SB Corp.) announced it has approved P5.634-billion worth of borrowings for local micro-scale, small and medium enterprises (MSMEs) adversely affected by lockdown measures the Duterte administration used as response to the Covid-19 pandemic. In a briefing last Monday, SB Corp. Board Director Voltaire Magpayo said these…

DICT seeks to use spectrum users fee to fund digital infra programs

With 224 congressmen as co-authors, P420-B Bayanihan 3 bill assured of early approval

Speaker Lord Allan Velasco (HOR / MANILA BULLETIN) Speaker Lord Allan Velasco principal proponent of House Bill 8628 or the Bayanihan to Arise as One Act (Bayanihan 3), disclosed that 224 House members have signed up to co-author the measure that was recently approved by the House Committees on Ways and Means and on Appropriations. HB 8628 is currently pending before the Committee on Economic Affairs. “I want to thank my colleagues for rising above party-lines and for always keeping Filipinos first as we unite to provide much-needed help to households and businesses facing hardship as a result of the COVID-19 pandemic,” Velasco said. HB 8628 proposes a P420-billion stimulus package aimed at addressing the adverse effects of the coronavirus disease (COVID-19) pandemic to the country’s economy and public health.

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