MAP urges government to approve stimulus package for business sector amid economic standstill

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An urgent stimulus package should be granted by the government to the business community to help it deal with the economic impact of the coronavirus pandemic, the top officer of the Management Association of the Philippines says

'Yung Bayanihan Act, basically, is a social amelioration package. What [has] to be put in place is a stimulus package for the business sector. Although part of the Bayanihan Act is also for business, I think there should be a separate stimulus package for the business sector[Translation: The Bayanihan Act is basically a social amelioration package. What has to be put in place is a stimulus package for the business sector.

Lim said the bill was"very balanced," catering to both the critically and non-critically impacted businesses. He added that it has incentives or subsidies which are applicable to all businesses, big or small., or those engaged in industry, agri-business, and other services.What we will need is about ₱370 billion. [....

 

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