Gov’t soft loans eyed so firms can give 13th-month pay

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Philippines Headlines News

Labor Secretary Silvestre Bello III said the government was considering providing soft loans to businesses still struggling due to the COVID-19 pandemic to help them give the mandatory 13th-month pay to their workers. | JeromeAningINQ

The secretary did not disclose details of the proposal but he said Ortiz-Luis’ reaction was “very positive.”Ortiz-Luis told the Inquirer that he and Bello had talked about the proposal on the phone. He said his group asked that the conditions for the loan be as simple as possible and with low interest.

He told reporters in a DTI Viber group on Thursday that the easing of the quarantine regulations in Metro Manila would allow almost 300,000 workers to go back to their jobs with the reopening of most of the remaining economic sectors that had been closed, particularly the service sector. Metro Manila will be under alert level 3 from October 16-31. Leaders of several business groups reacted positively to the latest quarantine regulations for Metro Manila.Rizalina Mantaring, co-chair of the national issues committee of the Management Association of the Philippines, said the move to lower the alert was “very welcome” and she hoped that the government would soon lower it to alert level 2.

“This will be a boon for airlines, hotels, even restaurants and retail in the lead-up for Christmas so these businesses can end a challenging two years on an upbeat note,” he said.

 

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:

 /  🏆 3. in PH

Philippines Latest News, Philippines Headlines

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

13th month pay dapat ibigay sa mga manggagawa—KMUHinihikayat ang pamahalaan na maglaan ng pondo para matulungan ang mga negosyante na maibigay pa rin ang 13th month pay ng mga manggagawa. Yan batas sa 13th month pay ay ginawa sa normal economic condition na karamihan sa negosyo ay kumita. Ngayn may pandemic hindi lahat negosyo ay kumita dapat flexible lahat para sa survival ng negosyo. Survival ng mangagawa depende sa survival ng negosyo ngayon panahon ng pandemic. Dapat pag-unawa at tulungan.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Labor chief again warns of deployment ban on Saudi ArabiaLabor Secretary Silvestre Bello III warns he will again push for a deployment ban on Saudi Arabia if it refuses to settle the billions' worth of unpaid wages and benefits of overseas Filipino workers.
Source: CNN Philippines - 🏆 13. / 63 Read more »

13th month pay dapat ibigay sa mga manggagawa—KMUHinihikayat ang pamahalaan na maglaan ng pondo para matulungan ang mga negosyante na maibigay pa rin ang 13th month pay ng mga manggagawa. Yan batas sa 13th month pay ay ginawa sa normal economic condition na karamihan sa negosyo ay kumita. Ngayn may pandemic hindi lahat negosyo ay kumita dapat flexible lahat para sa survival ng negosyo. Survival ng mangagawa depende sa survival ng negosyo ngayon panahon ng pandemic. Dapat pag-unawa at tulungan.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Fare hike looms; gov’t eyes cash, fuel subsidyGovernment agencies are studying the possible granting of cash or fuel subsidies to public transport operators and drivers amid the successive oil price hikes, which have spurred calls for a fare increase. | LeilasINQ LeilasINQ Ang kailangan po ng mga kababayan natin ay long term solution at hindi po spoon feeding na alternative na solution.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Stocks soar as America's biggest banks are boomingSeveral of America's largest financial firms reported strong earnings and revenue Thursday thanks to solid demand for loans, better credit quality and a boom in mergers and initial public offerings.
Source: CNN Philippines - 🏆 13. / 63 Read more »

Jordan backs NBA's COVID-19 vaccination stanceNBA great Michael Jordan says he is a 'firm believer in science.'
Source: rapplerdotcom - 🏆 4. / 86 Read more »