ASEANEWS | Paper Edition Headlines: MANILA- House bill boosts loans for MSMEs
FOUR lawmakers in the House of Representatives have filed a bill mandating two government financial institutions to expand their loan programs for micro, small and medium enterprises (MSMEs) affected by the Covid-19 pandemic.
House Bill (HB) 1, or the proposed “Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery or Guide Act,” was authored by Rep. Martin Romualdez (Leyte first district), Rep. Yedda Marie Romualdez (Tingog), Rep. Ferdinand Alexander Marcos (Ilocos Norte first district) and Rep. Jude Acidre (Tingog).
The measure seeks to strengthen the capacity of the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) to provide assistance to MSMEs.
READ MORE: https://www.manilatimes.net/2022/07/04/news/house-bill-boosts-loans-for-msmes/1849695
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