Philippines congress to prepare US$3.93b stimulus package


Philippine Congress will craft a stimulus package of at least 200 billion pesos ($3.93 billion) when it meets Monday to discuss a supplemental budget to shore up the economy from the impact of a lockdown aimed at containing the coronavirus outbreak.

MANILA: Philippine Congress will craft a stimulus package of at least 200 billion pesos ($3.93 billion) when it meets Monday to discuss a supplemental budget to shore up the economy from the impact of a lockdown aimed at containing the coronavirus outbreak.

"What we talked about is an amount that won’t be less than 200 billion pesos in the next two months to make sure no Filipino will go hungry nor have no access to medicine,” House Speaker Alan Peter Cayetano said in a video posted on his Facebook account after a meeting with President Rodrigo Duterte Saturday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Congress , budget , coronavirus

   

Next In Business News

Pekat unit wins RM115mil EPCC contract in Perak
SCIB acquiring land in Bintulu for RM9mil
Islamic banks to gain from better LCR
Press Metal to invest RM1bil in third refinery
Solar District Cooling bags contracts from Mitrajaya
Haily secures residential construction job
Competition intensifies in auto segment
Rising demand for power
Starbucks targets 1,000 Brazil locations
Healthy property sales improve outlook for sector

Others Also Read