President Rodrigo Duterte, in his 8th report to Congress, said that P5,000 aid extended by the Department of Labor and Employment will be deducted from the cash aid of the SBWS beneficiaries.Under the SBWS program, qualified employees in small enterprises affected by the lockdown are each entitled to receive P5,000 to P8,000 for two months, depending on the minimum wage in their region. The first payout was scheduled for May 1 to 15 and the next payout from May 16 to May 31.
Meanwhile, the DOLE offers a one-time P5,000 cash aid for displaced formal workers under its COVID-19 Adjustment Measures Program. As of May 14, the first round of the small business wage subsidy has been credited to the bank or PayMaya accounts of more than 2.6 million SBWS beneficiaries, the President reported.
Duterte said The Bureau of Treasury released last week P25.5 billion to the Development Bank of the Philippines for the second tranche of the wage subsidy program led by the Social Security System and Department of Finance.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 2.6 million small-business workers receive cash grants amid COVID-19Cash grants have been given to more than 2.6 million small-business employees to cushion the impact of the COVID-19 pandemic, President Rodrigo Duterte said in his eighth report to Congress. | NAMercadoINQ NAMercadoINQ W/ how dismal Phil's covid s are & d prevailing suffering of most Filipinos, cant help but wonder what could might have been the country's covid situation had this govt isnt really that much beholden to China. Vietnam comes to mind for some reasons. NAMercadoINQ Pano yung abscbn na pinahinto lol build build build business lol NAMercadoINQ 😷😀😀😀
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Business establishments in Paranaque required to test workers for COVID-19Parañaque City Mayor Edwin Olivarez clarified that the order requiring business establishments to test their workers for coronavirus disease 2019 (COVID-19) before they will be allowed to work was meant to control the spread or minimize the transmission of the virus in the city. Close all business. Getting them to almost dry off their pockets, then now require them to spend money for the testing. Where is this going to take us? We should now worry how else will these establishments recover. And I am not even referring to SME’s. How can we be sure that after testing, employees traveling almost everyday, will not be infected? Is this on a 2wks basis of testing? Fresh from the lockdown is still not proof employees are negative? Brilliant! Businesses suffering already because of ECQ. No income since March but the good Mayor still thinks there is money to spare for covid test for workers who will go home to other cities and could possibly get infected there and return again to Paranaque. USELESS!
Source: manilabulletin - 🏆 25. / 51 Read more »