Philippine News Agency
Cash aid for formal workers affected by Covid-19 OK’d
The government is allocating P5 billion for social amelioration programs aimed at assisting formal sector workers impacted by the COVID-19 lockdown.
The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) has endorsed the budget request from the Department of Labor and Employment (DOLE).
This funding will support programs such as the COVID-19 Adjustment Measures Program (CAMP), Tulong Panghanapbuhay sa ating Displaced/Disadvantaged Workers (TUPAD) Sanitation Project, and the Abot Kamay ang Pagtulong (AKAP) sa OFWs program.
Beneficiaries of these DOLE programs must be distinct from those receiving aid from other government agencies, like the Department of Social Welfare and Development's (DSWD) Emergency Subsidy Program.
DOLE Secretary Silvestre Bello III anticipates that approximately 1.8 million Filipino workers might be affected by the pandemic's economic fallout.
Previously, the department had already disbursed around P514 million to 102,855 formal workers and P107 million to 72,703 informal workers.
Under the CAMP, eligible workers will receive P5,000 in cash, to be distributed through their employers' payroll systems.
DOLE aims to assist 115,000 formal workers and 235,000 informal workers with additional funds, involving P579 million and P963 million respectively.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Department of Labor and Employment (DOLE) requires an additional P5 billion to finance its COVID-19 assistance programs for affected workers.
+1
Read more →
The Department of Labor and Employment (DOLE) reports that over 630,000 Filipino workers have been displaced by the COVID-19 pandemic.
Read more →
The Department of Labor and Employment (DOLE) aims to assist a total of 715,000 workers affected by the COVID-19 pandemic.
Read more →
As of March 31, the Department of Labor and Employment (DOLE) reported that over 630,000 workers have been displaced due to the COVID-19 pandemic, with 15,213 establishments citing temporary closures or flexible work arrangements.
Read more →
Land Bank of the Philippines has distributed P5,000 in financial aid to approximately 250,000 formal sector workers affected by the COVID-19 crisis.
Read more →