Majority of Metro Manila residents oppose gov't bailout of big businesses

METRO MANILA. Roxas Boulevard on Thursday, March 18, during the start of the enhanced community quarantine. Photo by Martin San Diego/Rappler

MANILA, Philippines – Majority of residents in Metro Manila oppose proposals to provide government funding to bail out of big businesses that have suffered losses during the economic slowdown caused by theOut of the 1,000 respondents, 55.4% said they are not in favor of providing large corporations with financial support from government. It was the only proposed policy out of the 9 tested by the survey that failed to get majority support.

“This result indicates that the government will have to do extra work to justify to the public the passage of economic stimulus legislation to provide bailouts to large hotel chains, upscale tourism operations, airlines, and other large corporations that have suffered major financial losses due to the COVID-19 pandemic,” said Aureli Sinsuat, director and spokesperson of consultancy firmIn contrast, almost all the respondents – at 93.

“It will also be a challenge for the national government to find consensus on the different proposals being suggested by various stakeholders focusing primarily in big businesses,” Sinsuat added.

Lightspeed Research provided an online panel of 1,000 Metro Manila residents aged 18 to 70 from its pool of 100,000 Philippine panelists. The number of respondents per city was distributed proportionally based on official population data.

Agreed. Unahin muna ang Medium to Small Business Enterprises. Plus, ang middle class.

Bailout dapat for smes and not big businesses....

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