As part of government’s goal to help businesses recover, the Small Business (SB) Corporation has released a total of P22 million loans under the CARES program.
The Department of Trade and Industry (DTI) and Tourism (DOT) are eyeing to further easing the operations of hotels, restaurants, and other establishments in GCQ.
The 30-day grace period for residential and commercial rent payments still has not changed, and still applies to micro, small, and medium enterprises (MSMEs) not permitted to operate during the enhanced community quarantine (ECQ)
To help local businesses, especially MSMEs, DTI-BPS issued the Guide on Business Continuity Planning amidst Coronavirus Disease 2019 (COVID-19) which you can download at BPS portal.
To help the micro and small enterprises affected by the COVID-19 pandemic, the Small Business Corporation (SB Corporation) will start accepting applications for the COVID-19 Assistance to Restart Enterprises (CARES) Program through its offices in general community quarantine (GCQ) areas starting from May 18.
The first tranche of a two-month wage subsidy package has been credited to the accounts of more than 2.1 million qualified beneficiary-workers of the Small Business Wage Subsidy (SBWS) program