Lopez assures corruption-free Bayanihan 2
Trade and Industry Secretary Ramon M. Lopez has assured that what have been allocated for retailers and micro and small enterprises under the Bayanihan to Recover As One or Bayanihan 2 will go to the intended beneficiaries.
This only showed that SB Corp. was able to turnaround the money for relending to micro enterprises, he said. So far, the micro financing arm of the government has already approved P1.3 billion loans and P3.5 billion in loan applications are being processed. To further help micro retailers, Lopez said the proposed Internet Transactions Act in the Senate seeks to provide income tax holiday for two to three years.
He said that more businesses will reopen at increased capacities once Metro Manila will be placed under a modified general community quarantine . Most areas in the country are already under MGCQ.
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