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Same terms will be applied for small-scale business owners that would like to borrow from the COVID-19 Assistance to Restart Enterprises (CARES) fund for the 13th month pay of their employees, Trade Secretary Ramon Lopez said. This is after Labor Secretary Silvestre Bello III bared that the Department of Trade and Industry (DTI) committed some […]
The Department of Tourism (DOT) and the Small Business Corporation (SB Corp.) of the Department of Trade and Industry (DTI) signed a memorandum of agreement (MOA) to finalize the Coronavirus Aid, Relief, and Economic Security (CARES) for Tourism Rehabilitation and Vitalization of Enterprises and Livelihood (TRAVEL) program that will extend loan assistance to micro, small and medium […]
The Department of Trade and Industry (DTI) recently released its first batch of loans under the coronavirus disease (COVID-19) Assistance to Restart Enterprises (CARES) program to micro and small enterprises. Fifteen borrowers from the National Capital Region and 26 borrowers from the Cordillera Administrative Region received the first batch of CARES program loans. DTI Secretary […]
Senator Win Gatchalian has prodded the government to extend fresh capital and other financial assistance to budding online entrepreneurs, instead of slapping them with untimely new taxes. Gatchalian said online sellers should be covered by the microfinancing program of the Small Business Corporation (SB Corp.), a government-owned and controlled corporation attached to the Department of […]
Micro, small and medium enterprises (MSMEs) will be offered zero-interest loans under the Philippine Economic Stimulus Act (PESA) bill, government officials said. “If we’re able to get zero-cost funding, that’s the fund that we can lend at zero percent also. And then out of that funding, we will just ask for administration fee. So that’s […]