The House of Representatives is pushing for a P370-billion economic stimulus package that's tailor-made to help local business get back on their feet after being floored by the coronavirus disease (COVID-19) pandemic.
The House of Representatives is pushing for a P370-billion economic stimulus package that’s tailor-made to help local business get back on their feet after being floored by the coronavirus disease pandemic.
The three-hour meeting – which was overseen by Speaker Alan Peter Cayetano, Majority Leader Martin Romualdez, and Deputy Speaker LRay Villafuerte – was held via the Zoom videoconferencing application. “Ito ay upang siguraduhin na wala magsasarang negosyo, walang mawawalan ng trabaho or mababawasan ng kita ,” Quimbo told the cluster, which is chaired by Albay 2nd District Rep. Joey Salceda.
Quimbo reckoned that micro, small and medium enterprises will have the “greatest difficulty coping with shocks” and the government will have no other choice but to directly intervene through a financial package. “During the ECQ we need to safeguard lives, but after the ECQ we need to safeguard their livelihood. The lifeblood of the economy is employment, without jobs Filipino will not have income, won’t not have food on their table and won’t be healthy members of our society,” said Garin, who chairs the Committee on Economic Affairs.
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