DTI exec: Formalization of informal sector to help ensure support for industry workers

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A Trade official says the informal sector's formalization will allow workers to be part of the state registry and ensure they are given cash support, avoiding a repeat of what happened to wage subsidy distribution efforts last year.

," said Trade Director Jerry Clavesillas as he recounted the government's wage subsidy distribution efforts last year."So ibig sabihin, hindi po sila parang ano, legitimately recorded."

[Translation: Most of our informal sector weren't able to avail simply because they're not in the registry. They're not on the list. So this means it appears they're not legitimately recorded.] The Finance and Labor departments handed out wage subsidies to workers displaced by the pandemic last year as the country went into strict quarantine measures. The DOF focused on personnel of micro, small and medium enterprises badly hit by the health crisis in particular.

The DOLE, meanwhile, continues to provide financial aid for laborers affected by stricter lockdowns, triggered this time around by the alarming surge in infections observed the past weeks. Clavesillas noted the formalization of the informal sector will help avoid a repeat of past occurrences when the industry's workers weren't able to receive any form of cash assistance.

 

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

 /  🏆 13. in İE

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.

Online business name registrations skyrocket amid pandemic: DTIDTI said that based on its business name registration system, there were 86,726 business names registered for online businesses from April to December last year.
Source: ABSCBNNews - 🏆 5. / 83 Read more »