Manila Bulletin
Gov’t to implement P50.8 M wage subsidy; new measures may come later
The Philippine government is allocating P50.8 billion for a wage subsidy program aimed at assisting small businesses impacted by the enhanced community quarantine.
The Small Business Wage Subsidy (SBWS) program will provide P5,000 to P8,000 per employee for two months to approximately 3.4 million workers.
Cabinet Secretary Karlo Nograles stated that the government will proceed with implementing the initial program for workers in small businesses before considering additional amelioration measures.
The database of the Bureau of Internal Revenue (BIR) and Social Security System (SSS) will be used to identify target beneficiaries.
Subsidies may be distributed through bank and e-wallet accounts.
Employees who benefited from the Department of Labor and Employment's (DOLE) one-time P5,000 aid will only be eligible for a one-month subsidy to prevent duplication.
There are proposals for a P10,000 wage subsidy for all formal workers, but the government will focus on implementing the approved program first.
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The Philippine government has begun accepting applications for its Small Business Wage Subsidy Program to assist micro, small, and medium enterprises (MSMEs) in retaining employees during the COVID-19 community quarantine.
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Albay Rep. Joey Sarte Salceda has proposed a P45-billion wage subsidy program to support nearly six million workers, entrepreneurs, and freelancers affected by the enhanced community quarantine.
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The Bureau of Internal Revenue (BIR) and the Social Security System (SSS) have released guidelines for the Small Business Wage Subsidy (SBWS) program, providing financial support to 3.4 million workers of small businesses affected by the enhanced community quarantine.
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President Rodrigo Duterte has approved a P50.8 billion wage subsidy program for middle-income workers affected by the enhanced community quarantine (ECQ) due to the COVID-19 pandemic.
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