In a statement released by the Department of Finance (DOF), it said that PHILGUARANTEE implemented moratoriums on loan payments and credit guarantees, plus other relief and support measures amid the coronavirus diseases (COVID-19) crisis.
DOF said that one of the assistance measures implemented by the agency is a credit guarantee program for the ₱120-billion working capital loans accessed by micro, small and medium enterprises (MSMEs).
According to the DOF, this program will jumpstart at least 12,000 small businesses affected by the COVID-19 pandemic that availed of working capital loans from accredited banks and financial institutions.
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Love knows no borders
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US Olympian Biles Says She Should've Quit Earlier
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ZHUHAI, China (AFP) — China on Tuesday showed off its increasingly sophisticated airpower including surveillance drones and jets able to jam hostile electronic equipment, with an eye on disputed territories from Taiwan to the South China Sea and rivalry with the United States.
