Manila Bulletin
Transport sector to get ₱70 billion from PESA
The Department of Transportation (DOTr) is urging for the swift approval of the Philippine Economic Stimulus Act of 2020 (PESA) to aid in economic recovery post-COVID-19.
The proposed PESA bill includes a ₱1.3 trillion economic stimulus package, with ₱70 billion allocated specifically for the transportation sector.
Transportation Secretary Arthur Tugade highlighted that the PESA bill would significantly benefit stakeholders in the transportation sector, who have been severely impacted by the pandemic.
Tugade stated that assisting the transport sector, especially displaced workers and companies, is a top priority for the DOTr.
He explained that the stimulus package could alleviate financial burdens by allowing stakeholders to restructure loans and access immediate aid.
The DOTr Secretary stressed the importance of providing support to hard-hit public utility vehicle drivers and operators, airline employees, maritime workers, and airline and shipping companies to help them recover their lost income.
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The Department of Trade and Industry (DTI) is urging for the swift passage of the Philippine Economic Stimulus Act of 2020 (PESA) to provide immediate relief to workers and businesses affected by the Covid-19 pandemic.
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The House Defeat Covid-19 Committee approved on Tuesday, May 26, 2020, an economic stimulus package worth PHP1.3 trillion to aid the country's recovery from the pandemic.
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