Economic Impact on Regional Businesses
Government support measures that were available to firms as
of July 2020
• Cash transfers: Pantawid Pamilyang Pilipino Program (4Ps) and Social Amelioration Program (SAP)
•
Deferral or reduction of rent, mortgage, or utilities: DTI's rent deferment grace period
.
Deferral of credit payments, suspension of interest payments, or rollover of debt: grace period for loans
Access to loans with subsidized interest rates: DTI/SB Corp's P3-ERF / Covid-19 Assistance to Restart Enterprises
(CARES) program, Landbank's I-RESCUE Lending, DA-ACPC's Plant Plant Plant under SURE Aid program,
PhilGuarantee's loan guarantee
• Credit mediation and refinancing: Landbank's I-RESCUE Lending
• Wage subsidies: DOF's Small Business Wage Subsidy (SBWS)
.
•
Support programs related to business advisory, education, and training for entrepreneurship and SMEs: DTI's
Livelihood Seeding Program - Negosyo Sa Barangay
Regulatory relief: suspended, reduced, or waived fees and payments for licensing, registration, permits and
inspection, DOLE's labor regulation adjustments
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