“We affirm the need to help sustain the income of workers and businesses adversely impacted by the pandemic as we gradually reopen our economy,” Trade Secretary Ramon Lopez said in aUnder the PESA bill, the government will designate a P1.3 trillion fund as a post-pandemic stimulus package, which includes a budget of P650 billion for expanded infrastructure program on health care, education, and food security.
“By providing working capital assistance, technical and entrepreneurial education, and financial management, among others, we will be able to protect Filipinos by ensuring businesses will continue operating post-lockdown and help turn the tide for businesses and workers affected by the health crisis,” Lopez said.
Lopez said that businesses have already lost a significant amount of income due to the challenges in logistics brought by the ECQ.
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