Angara seeks businessmen's inputs in recovery plan
Published May 28, 2020 12:00 am
By Hannah Torregoza
The Senate committee on finance will seek the inputs of those in the private sector on the government’s recovery and economic stimulus plans to address the impact of the COVID-19 in the country.
(Henzberg Austria/Senate PRIB)
Senate finance panel chief, Senator Juan Edgardo “Sonny” Angara, said consulting with representatives from the private sector is necessary in order for the government to get a clearer picture of what needs to be done to keep businesses afloat despite an ongoing COVID-19 crisis.
“(This is) to see how government can help reduce their hardship,” Angara said in a statement.
“We want to hear from representatives of the private sector about how the COVID-19 pandemic has affected their operations. What have they been doing to keep afloat during the lockdown and what have they done to help their employees?” Angara pointed out.
“Moving forward, we will determine what must be done to help them minimize their losses and preserve the jobs of their employees now that they will have to operate under a drastically different environment that we are calling the new normal,” the senator added.
The hearing, scheduled on Friday, May 29, will be conducted jointly with the Senate committee on economic affairs headed by Senator Imelda “Imee” Marcos.
There are at least six bills and one resolution that seek an effective economic recovery plan for the Philippines. Two of the measures to be taken up are Senate Bills 1417 or the proposed Economic Rescue Plan for COVID-19 and 1449 or the Economic Rescue Plan for COVID-19 that were filed by Angara.
“This is an economic stimulus because the COVID-19 pandemic is said to be the biggest economic downturn since the Great Depression of the 1930s. Back then it took around three years before some economic recovery was seen,” he said.
“We must act swiftly. We do not want to repeat the mistakes of the past and we want to help those who really need it,” Angara said.
Angara said senators aim to “cast the widest net possible” to capture as many sectors with the government’s recovery and stimulus packages.
“This will also be a good time to review some of the programs rolled out under the Bayanihan We Heal as One Act. We’ll take a look at what is working and what needs tweaking if any,” he stressed. #
(Henzberg Austria/Senate PRIB)
Senate finance panel chief, Senator Juan Edgardo “Sonny” Angara, said consulting with representatives from the private sector is necessary in order for the government to get a clearer picture of what needs to be done to keep businesses afloat despite an ongoing COVID-19 crisis.
“(This is) to see how government can help reduce their hardship,” Angara said in a statement.
“We want to hear from representatives of the private sector about how the COVID-19 pandemic has affected their operations. What have they been doing to keep afloat during the lockdown and what have they done to help their employees?” Angara pointed out.
“Moving forward, we will determine what must be done to help them minimize their losses and preserve the jobs of their employees now that they will have to operate under a drastically different environment that we are calling the new normal,” the senator added.
The hearing, scheduled on Friday, May 29, will be conducted jointly with the Senate committee on economic affairs headed by Senator Imelda “Imee” Marcos.
There are at least six bills and one resolution that seek an effective economic recovery plan for the Philippines. Two of the measures to be taken up are Senate Bills 1417 or the proposed Economic Rescue Plan for COVID-19 and 1449 or the Economic Rescue Plan for COVID-19 that were filed by Angara.
“This is an economic stimulus because the COVID-19 pandemic is said to be the biggest economic downturn since the Great Depression of the 1930s. Back then it took around three years before some economic recovery was seen,” he said.
“We must act swiftly. We do not want to repeat the mistakes of the past and we want to help those who really need it,” Angara said.
Angara said senators aim to “cast the widest net possible” to capture as many sectors with the government’s recovery and stimulus packages.
“This will also be a good time to review some of the programs rolled out under the Bayanihan We Heal as One Act. We’ll take a look at what is working and what needs tweaking if any,” he stressed. #