President Rodrigo Roa Duterte has signed the Bayanihan To Recover As One Act or Bayanihan II bill.
The Bayanihan II will augment our healthcare system and pandemic response while providing measures for the country’s immediate economic recovery through measures that will support businesses and individuals critically-impacted by the COVID-19 pandemic.
READ: DepEd is eyeing to REDUCE the reproduction of printed modules
READ: DepEd is eyeing to REDUCE the reproduction of printed modules
As a stimulus package for recovery, Bayanihan II includes the necessary funding to cover appropriate support programs for workers and individuals affected, and other interventions for critically affected sectors such as agriculture, transportation, education, tourism, and MSMEs.
With the signing of Bayanihan II, the remaining bills part of the comprehensive plan for the country's immediate economic recovery are expected to follow and be passed by Congress: Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act; Financial Institutions Strategic Transfer (FIST) Act for stronger banks; and Government Financial Institutions (GFIs) Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) for financial assistance and access to credit strategically important companies.
Source: Department of Finance
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Source: Department of Finance
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DISCLAIMER: We do not claim ownership of some of these posted materials. We only share it for educational purposes and to help our fellow teachers in their teaching journey. Please do contact us if you are the rightful owner of these files for proper recognition or should you seek to remove it from this site.
Pres. Duterte signed Bayanihan Act II into law
Reviewed by Teachers Click
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September 11, 2020
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Reviewed by Teachers Click
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September 11, 2020
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