Philippines congress to prepare US$3.93b stimulus package

  • 📰 staronline
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

MANILA: Philippine Congress will craft a stimulus package of at least 200 billion pesos ($3.93 billion) when it meets Monday to discuss a supplemental budget to shore up the economy from the impact of a lockdown aimed at containing the coronavirus outbreak.

"What we talked about is an amount that won’t be less than 200 billion pesos in the next two months to make sure no Filipino will go hungry nor have no access to medicine,” House Speaker Alan Peter Cayetano said in a video posted on his Facebook account after a meeting with President Rodrigo Duterte Saturday.

The funds will come from non-budgetary sources, Finance Secretary Carlos Dominguez said in the same video, adding there are no plans to raise taxes and the proposals won’t hinder the government’s infrastructure and poverty reduction programs. - Bloomberg

Source: Financial Digest (financialdigest.net)

 

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:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

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

Australia to pledge additional US$38bil in economic stimulus, third package expectedSYDNEY: Australia's Prime Minister Scott Morrison will on Sunday (March 22) pledge an additional A$66.4 billion (US$38.5bil) in fiscal stimulus in a bid to shelter the country's economy from coronavirus, according to excerpts of a speech seen by Reuters.
Source: staronline - 🏆 4. / 75 Read more »

Recalibrate stimulus package into livelihood fund, unions propose amid Covid-19 pandemic | Malay MailKUALA LUMPUR, March 22 — The Malaysian Trades Union Congress (MTUC) has called on the government to recalibrate the economic stimulus package into a livelihood fund to lessen the economic hardship of the working class as its main focus. In a statement today, its secretary-general J. Solomon said...
Source: malaymail - 🏆 1. / 86 Read more »

Livelihood fund needed, not more stimulus packages | The Malaysian InsightMTUC says this is to protect low- and middle-income earners.
Source: msianinsight - 🏆 8. / 63 Read more »

Selangor rolls out RM128mil stimulus package in light of Covid-19 impactKLANG: The Selangor government has announced a stimulus package to counter the economic impact of the Covid-19.
Source: staronline - 🏆 4. / 75 Read more »

Sabah should hasten stimulus package to combat Covid-19 effectKOTA KINABALU: The Sabah government should speed up its own stimulus package to mitigate the Covid-19 effect, said Parti Bersatu Sabah (PBS) information chief Datuk Joniston Bangkuai.
Source: NST_Online - 🏆 17. / 53 Read more »

PBS urges Sabah govt not to delay its Covid-19 stimulus packagePBS information chief Joniston Bangkuai says many Sabah businesses and people are in dire need of assistance now. FMTNews Covid19 PBS Sabah The reason nobody in govt is tackling the need to rescue the economy & help struggling families whose livelihoods have been destroyed by mandated closings is because nobody in govt has stopped getting paid because of the mandated closings. staronline malaymail PMOMalaysia
Source: fmtoday - 🏆 5. / 72 Read more »