This handout photo taken on May 1, 2021 and receive from the Presidential Communications Operations Office - Office of the Global Media and Public Affairs (PCOO-OGMPA) shows workers unloading first batch of the Russian-made Sputnik V coronavirus vaccine from a plane shortly after arriving at the international airport in Manila. - AFP
MANILA, May 1 (Bloomberg): The Philippines is considering a 24 billion-peso (US$499 million) wage subsidy plan that could help pandemic-hit companies retain as many as one million workers.
Small businesses that have reduced work hours or temporarily closed will be prioritised, Trade Secretary Ramon Lopez said in a virtual employment summit on Saturday. The plan, which is under review by economic managers, will provide a monthly subsidy of 8,000 pesos for each worker for three months.
Limited time offer:
Just RM5 per month.
