To accelerate economic recovery, the Philippine government continues to pursue the passage and implementation of critical economic reforms to support businesses and help millions of Filipinos get back on their feet amid the devastating impact of COVID-19.
According to Finance Secretary Carlos Dominguez III, this array of measures is expected to turn “the pandemic-induced crisis into an opportunity.” With the implementation of Bayanihan to Recover as One Act, or Bayanihan 2, expansion of lending to micro, small, and medium enterprises (MSMEs), provision of greater support to the agriculture sector, ramping up of spending for the “Build, Build, Build” program, and, hopefully, the enactm…
Keep on reading: Socioeconomic Reforms key to Jump-starting the Economy