Manila Bulletin
SSS ₱51-B wage subsidy accessible via PayMaya
PayMaya Philippines, Inc. and the Social Security System (SSS) have partnered to facilitate the disbursement of cash subsidies to over 3 million workers affected by the COVID-19 pandemic.
Through this collaboration, eligible employers and employees can link their PayMaya accounts in the My.SSS online portal to receive wage subsidies and other loan offers from the SSS.
Employees may receive between P5,000 to P8,000 in subsidies, depending on their location, directly through their PayMaya accounts.
Employers are urged to submit their applications through the SSS website by April 30, 2020, to ensure their employees receive the financial assistance.
The partnership aims to provide a convenient and efficient method for distributing essential funds to workers who have been unable to work during the enhanced community quarantine.
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The Philippine government is launching a P51-billion wage subsidy program to aid middle-class workers in small businesses affected by the enhanced community quarantine.
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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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The Department of Finance (DOF) has extended the application period for the Small Business Wage Subsidy (SBWS) program until May 8 due to technical issues encountered with the Social Security System's (SSS) website.
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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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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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