Govt urged to lend to businesses for 13th month pay

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Presidential adviser urges gov't to lend to businesses for 13th month pay

Watch more on iWantTFC MANILA - Government should lend business owners money so they can give their employees their proportionate 13th month pay, Presidential Adviser for Entrepreneurship Joey Concepcion said Monday.

"This is a financial challenge for many and I think government, I was told, DTI is looking at lending these business establishments to help them pay the 13th month pay, which is going to be good. I think the government should provide credit access to those business establishments that need money to pay these obligations like the 13th month pay," he said.

Concepcion said he had expected the downgrade as the tally of cases in Metro Manila is going down "very fast," but he understood that the government is trying to be "a bit more conservative" by keeping the region under Alert Level 3 from November 1 to 14.

 

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