Philippine ayes US$3.4bil stimulus package

• Aug 21, 2020

MANILA: A joint Philippine congressional committee has approved a stimulus package worth up to 165 billion pesos (US$3.39bil) to aid the economy’s recovery from the novel coronavirus pandemic.

The package is worth 140 billion pesos, with an additional 25 billion pesos in standby appropriations, Senator Sonny Angara told reporters.

It includes funds for coronavirus isolation and quarantine facilities, and vaccine purchases, he said.

The bill would be ratified later and then be forwarded to President Rodrigo Duterte (pic) for signing or veto. — Reuters

Source: https://www.thestar.com.my/business/business-news/2020/08/21/philippine-ayes-us34bil-stimulus-package