Philippine News Agency
155k tourism sector workers get wage subsidy
A total of 155,672 tourism sector workers have received the initial payout of the Small Business Wage Subsidy (SBWS) program as of May 4.
The SBWS program, a collaboration between the Department of Finance (DOF), Social Security System (SSS), and Bureau of Internal Revenue (BIR), aims to provide financial assistance to employees of small businesses impacted by the COVID-19 pandemic.
Tourism Secretary Bernadette Romulo-Puyat expressed gratitude for the subsidy, highlighting its importance for tourism workers facing livelihood challenges due to travel restrictions.
The beneficiaries include 155,126 employees from the hotel and restaurant industry and 546 employees from the air transport industry.
The SBWS program intends to provide a monthly wage subsidy ranging from P5,000 to P8,000 for two months to approximately 3.4 million eligible employees.
The subsidy amount is determined by the regional minimum wage levels.
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