Employers Confederation of the Philippines President Sergio Ortiz-Luis emphasizes the importance of small businesses in rebuilding the national economy after the COVID-19 pandemic.
Kinakabahan kami na kapag hindi tinulungan, maaring hindi na makabalik at maraming mawawalan ng trabaho,[Translation: We are worried that if they are not given assistance, their businesses will eventually fold and many will lose their jobs.]
Ortiz-Luis also called out the government to be decisive in implementing their wage subsidy program for small businesses and their workers.” he told. [Translation: The people are alreaady suffering. If the government announces that they are going to do something, they should really do it.] The ECOP president pointed out the Department of Labor and Employment’s COVID-19 Adjustment Measures Program which wasThe ₱50.8 billion wage subsidy program was supposed to provide ₱5,000 in cash assistance to workers affected by the quarantine.for COVID-19 to address the significant economic losses caused by the coronavirus in the country.of ₱767.19 billion, or 3.85% of the gross domestic product , due to the pandemic, according to the NEDA.
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