De Guzman vows ₧125-B MSME recovery fund if elected president

de guzman vows e282a7125 b msme recovery fund if elected president

Sumary of De Guzman vows ₧125-B MSME recovery fund if elected president:

  • KA Leody de Guzman, presidential candidate of Partido Lakas ng Masa (PLM), bared his plan for a P125-billion stimulus fund for small and micro enterprises to facilitate their recovery from the pandemic-induced economic recession.
  • On top of the P125-billion stimulus for 2022, Ka Leody’s wealth tax-funded recovery plan includes a public jobs generation program that will also provide a fixed wage subsidy for 1 million workers employed in distressed micro, small and medium enterprises (MSME).
  • A vibrant MSME sector is key to the recovery of our local economy,” he added.
  • Ka Leody also allayed the worries of MSMEs to his “Labor First Policy”, which includes instituting a P750 national minimum wage and the abolition of all forms of contractualization.

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