Japan, ILO earmark $2.2-M to restart small PH firms hit by pandemic

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The International Labor Organization said Thursday it partnered with the government of Japan to launch a $2.2 million (P110 million) project to support the safe return to work of pandemic-hit MSMEs in the Philippines.

The new project “Bringing back jobs safely under the COVID-19 crisis in the Philippines: Rebooting small and informal businesses safely and digitally,” aims to make workplaces safer, digitalized and productive which will help businesses recover, ILO said in a statement. The project will help make workplaces safer and will cover provinces and "non-metropolitan regions" where COVID-19 cases remain high.

According to the 2019 data from the Philippine Statistics Authority, 99.5 percent of business enterprises in the country are MSMEs while only 0.5 percent are large firms. Many small enterprises temporarily suspended operations last year due to COVID-19. Some reduced their workforce or downsized capacity, while some shut down permanently.

 

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