Bayanihan 2 funds can aid small businesses for workers' 13th month pay - senator

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MANILA - Micro, small and medium enterprises can tap into the allocation in the Bayanihan 2 law to help in giving workers their 13th month pay, Sen. Joel Villanueva said Tuesday.

The second coronavirus pandemic relief measure allocated some P39.47 billion for government financial institutions to help enterprises, and P10 billion in particular was earmarked for small business corporations and MSMEs, said Villanueva, chairman of the Senate Committee on Labor and Employment.

Watch more in iWant or TFC.tv However, Villanueva pointed out that the release of the funds from both relief measures has been a problem.

 

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