News: Billions in Bayanihan 2 loan funds still unused

Wednesday, March 9, 2022

Billions in Bayanihan 2 loan funds still unused – COA

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Billions in Bayanihan 2 loan funds still unused – COA

A total of P4.99 billion, or more than half of the funds allocated for loan distribution to micro, small, and medium enterprises (MSMEs) under the Bayanihan to Recover as One Act, or Bayanihan 2, was unused as of mid-2021 and could have been utilized for pandemic response, according to the Commission on Audit (COA).

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W. Visayas workers demand P 100 more

BACOLOD CITY — Workers in Western Visayas are feeling the pinch amid the rising prices of fuel products and basic commodities, prompting the region’s labor sector representative to seek a P100 increase in the daily minimum wage.

A GIFT TO GROW The community pantries whose name it mimicked may no longer be as active, but the environment department’s “Community Pan-tree” project is still around. It went to Marikina City on Wednesday, handing out free saplings of fruit-bearing trees in Barangay Sta. Elena. _{—NIÑO JESUS ORBETA}

‘Work from home’ BPO setups ending

The Fiscal Incentives Regulatory Board stood pat on its decision to have workers in business process outsourcing (BPO) companies return to their offices by April 1 or risk losing their tax perks.

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Opinion: E-wallets and illegal activities

The AMLC joined the BSP in calling the attention of the financial system to possible proliferation of digital vote-buying and selling schemes and listed down 'red flags' or suspicious behaviors, including coordinated or structured deposits and money transfers; significant or large transactions occurring in a short period of time; unjustified large cash deposits and withdrawals, and transactions deemed inconsistent with the customer’s financial profile or declared business.