A P200-million stimulus fund is being raised for Baguio businesses, particularly those oriented toward tourism, to allow them to recover in two to three years, Mayor Benjamin Magalong said.
“Baguio people will also have some sort of ownership for something the city builds,” said Navarro, who is also manager of a business program jointly undertaken by SLU and the Department of Science and Technology.
Even after quarantine rules are relaxed, the city government will remain wary of visitors from areas where the new coronavirus disease has spread unless a cure is found or until enough mass testing has been undertaken to show an accurate map of contamination, he said. Magalong said the stimulus package must be in the form of loans “so the city government can reuse the money to help other businesses.”
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