Press Release - Drilon calls for transparency in pork importation
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Nationwide round-up (04/07/21) | BusinessWorld
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March 17, 2021
Drilon hits grossly inadequate P10-B rescue package for distressed companies, bats for more effective gov t intervention
The minority leader says the amount is a drop in the bucket compared to P19.5-B anti-red funds
The P10-billion rescue package to assist distressed small and medium enterprises and strategically important companies (SICs) is grossly inadequate, Senate Minority Leader Franklin M. Drilon said today. It is a drop in the bucket. I question the priorities of this government insofar as allocating funds is concerned. We see the need to assist these very critical SICs. These are companies that can save the employment of our people, Drilon said during a Senate hearing on the proposed Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery Act (Guide bill).