News Formal

Business group backs P1.3-trillion stimulus bill

  • 📰 ANCALERTS
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

MANILA - A business group called on the government to pass a House-approved bill seeking to spend P1.

3 trillion to stimulate the economy, saying corporate tax reforms and new banking measures may not be enough.

MAP president Francis Lim, however, said in a statement on Tuesday his group was surprised that Duterte did not endorse the Accelerated Recovery and Investments Stimulus for the Economy of the Philippines, or ARISE bill. The ARISE bill provides for wage subsidies, cash aid and training for displaced workers, educational subsidy for students, as well as aid for small and medium enterprises, among others.

“Given what recently happened to ABS-CBN, this is a clear and present danger to the businesses mentioned. He can make it happen and that sends a chilling effect to business and potential investors,” Lim said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mayors, business groups pushing for localized lockdown – ConcepcionThe call for localized lockdowns, instead of placing entire regions or cities under strict quarantine, continues to gain support.
Source: manilabulletin - 🏆 25. / 51 Read more »