Economic Impact on Regional Businesses slide image

Economic Impact on Regional Businesses

About 1 out of 5 firms reported receiving some support from the national or local government. • Cash transfers provided to employees through the Pantawid Pamilyang Pilipino Program (4Ps) and Social Amelioration Program were the most cited government support received by these firms. Firms that received government support (% of firms) All locations National Capital Region Region 1: Ilocos Region 2: Cagayan Valley Region 3: Central Luzon Region 4A: Calabarzon Region 4B: MIMAROPA Region 5: Bicol Region 6: Western Visayas Region 7: Central Visayas Region 8: Eastern Visayas Region 9: Zamboanga Peninsula Region 10: Northern Mindanao Region 11: Davao Region 12: SOCCSKSARGEN Region 13: Caraga Region 15: CAR Region 16: BARMM (formerly ARMM) 0% 5% 10% 15% 20% 25% 30% Government support received by firms (% of firms) Cash transfer New loans with subsidized interest rates Deferral or reduction of rent, mortgage, or utilities Deferral or loan payments Credit mediation and refinancing Regulatory relief Wage subsidies Training: business skills Others 0% 10% 20% 30% 40% 29 50%
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