60-day debt moratorium backed | Inquirer Business
MANILA, Philippines — Business groups lauded the compromise both houses of Congress reached on the moratorium on debt payments to ease the difficulties of Filipinos during the COVID-19 quarantine in…
Group bucks 1-year moratorium on all debt payments
The Management Association of the Philippines (MAP) warned lawmakers against a year-long freeze on debt payments, fearing good intentions might lead to worse problems since most of the country’s bank…
BSP chief warns Congress vs 1-yr loan payment moratorium
The central bank has put its foot down against lawmakers’ proposals to grant loan borrowers a blanket one-year halt to debt payments as part of a broader relief package being…
ERC to issue moratorium for ‘lifeliners’
The Energy Regulatory Commission (ERC) is set to issue a directive to allow “lifeliners” in areas under the modified enhanced community quarantine (MECQ) to extend payments for their electric bills…
Dominguez to Imee Marcos: Debt payment moratorium will ‘never be part’ of COVID-19 response
President Rodrigo Duterte’s chief economic manager on Tuesday (April 14) said Sen. Imee Marcos’ proposal to suspend Philippine debt payments was “narrow sighted” and was not likely to be adopted…
Small businesses get moratorium on rentals
Micro, small and medium enterprises (MSMEs) will have a monthlong grace period from having to pay their commercial rent, as the government tries to ease the burden of the lockdown…
Banks OK 30-day loan payment moratorium
The Bankers Association of the Philippines (BAP) has committed to enforce Republic Act No. 11469, or the Bayanihan to Heal As One Act, which, among others, mandates a nationwide 30-day…
COVID19 relief: DOF issues guidelines for loan payment moratorium
The Department of Finance (DOF) on Wednesday (April 1) released the guidelines for the 30-day loan payment moratorium under the Bayanihan to Heal as One Act. The DOF, together with…