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(File photo) MANILA- A lawmaker on Friday urged economic managers to seriously consider expanding the various subsidy programs for micro, small, and medium enterprises (MSMEs) to help them recover from the impact of the coronavirus pandemic. Marikina City Rep. Stella Quimbo said programs such as the Department of Trade and Industry's Livelihood Seeding Program - Negosyo Serbisyo Sa Barangay (LSP-NSB) could help get small businesses restarted, and for them to eventually muster "enough confidence" to avail of the expanded loan programs. "Subsidies are especially important today, with the series of oil price hikes," Quimbo said. She pointed out the risk aversion of MSMEs to loans, as the percentage of MSME loans to total loans in 2020 and the first semester of 2021 were both 7.6 percent, which is lower than pre-pandemic rates of 8.8 percent in 2019, according to Bangko Sentral ng Pilipinas data. Quimbo cited the Commission on Audit (COA) report dated March 2, 2022 ....

Marikina City , Bangko Sentral , Stella Quimbo , Assistance To Restart Enterprises , Industry Livelihood Seeding Program , Small Business Corporation , Commission On Audit , Sb Corp , Livelihood Seeding Program , Serbisyo Sa Barangay , Restart Enterprises , One Act , Ile Photo Manilaa Lawmaker On Friday Urged Economic Managers To Seriously Consider Expanding The Various Subsidy Programs For Micro , Nd Medium Enterprises Msmes To Help Them Recover From The Impact Of Coronavirus Pandemic Marikina City Rep Stella Quimbo Said Programs Such As Department Trade And Industry 39s Livelihood Seeding Program Negosyo Serbisyo Sa Barangay Lsp Nsb Could Get Small Businesses Restarted , Nd For Them To Eventually Muster Quot Enough Confidence Avail Of The Expanded Loan Programs Subsidies Are Especially Important Today , Ith The Series Of Oil Price Hikes , Uot Quimbo Said She Pointed Out The Risk Aversion Of Msmes To Loans , S The Percentage Of Msme Loans To Total In 2020 And First Semester 2021 Were Both 7 6 Percent , Hich Is Lower Than Pre Pandemic Rates Of 8 Percent In 2019 , Ccording To Bangko Sentral Ng Pilipinas Data Quimbo Cited The Commission On Audit Coa Report Dated March 2 , 022 Stating Thata Total Of Php4 99 Billion Or More Than Half The Allotted Loans For Msmes Under Covid 19 Assistance To Restart Enterprises Cares Program , As Unused Of The End June 2021 Cares Program Is One Lending Programs Designed For Pandemic Response , Nd To Be Implemented By The Small Business Corporation Sbc , Hich Received Php9 08 Billion To Be Distributed As Collateral Free , Ero Interest Loans To Msmes Under The Bayanihan Recover As One Act 2 Quot At Get Go , I Was Concerned That The Loan Programs For Msmes Were Going To Fail Because Begin With ,