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DOLE needs P2B to sustain ayuda program for formal sector workers
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P3B in loans released
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P2 5T allotted for economic recovery: exec
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SunStar DTI eyes P8K subsidy for MSMEs
FINANCIAL AID. The wage subsidy program for micro, small and medium enterprise workers is part of the government’s P1.14 trillion eight-point employment strategy to revive the country’s Covid-19-battered labor sector. (SunStar file)
+ May 03, 2021 THE micro, small and medium enterprises (MSME) group in Cebu has welcomed the P24 billion wage subsidy intervention of the government saying that this would benefit the sector badly wounded by the impact of the Covid-19 pandemic.
The wage subsidy program seeks to grant an P8,000 wage subsidy per month for a maximum of three months to MSME workers, according to Trade Secretary Ramon Lopez, during the virtual job summit of the Task Group on Economic Recovery-National Employment Recovery Strategy (NERS) on Saturday, May 1, 2021.