Credit line for MSMEs sought in Senate bill
SENATOR Jose Pimentel “Jinggoy” Ejercito Estrada is asking Congress to pass an enabling bill mandating banks to allocate credit resources for micro-sized, small-scale and medium-sized enterprises (MSMEs) citing the need to keep small businesses afloat. Estrada’s Senate Bill (SB) 2632 aims to require all lending institutions to allocate at least…