Countercyclical Crisis Response

Bataan freeport grants P3M aid to for Covid-displaced workers

24 March 2020

The Authority of the Freeport Area of Bataan (AFAB) on Friday granted PHP3 million in financial assistance to this municipality to alleviate the economic effects on workers over the temporary closure of 97 multi-national firms here in compliance to the enhanced community quarantine in Luzon declared by President Rodrigo Duterte.

LIVESTREAM: House Committee for COVID-19 Virtual Meeting

16 April 2020

Dr. Manuel M. Dayrit speaks to the House of Representatives Defeat COVID-19 Committee (DCC) and the Sub-committee on Economic Stimulus Package during a virtual technical working group meeting.

TIMELINE: The COVID-19 response money trail

08 April 2020

The Philippine government and private donors stepped up with billions of pesos worth of aid to address the COVID-19 crisis.

DSWD to distribute cards to LGUs for distribution of COVID-19 cash aid

30 March 2020

Cash aid between P5,000 to P8,000 will be given to vulnerable sectors of society such as persons with disabilities, senior citizens, pregnant mothers, homeless persons and workers in informal sectors, the DSWD said.

Senate approves bill giving Duterte special powers to deal with coronavirus pandemic

24 March 2020

At least 18 million low-income households will receive cash assistance worth P5,000 to P8,000, depending on the regional minimum wage, if the Senate version is signed into law by the President.

P500 hazard pay for gov’t personnel ‘physically’ at work during Luzon quarantine

23 March 2020

Duterte issued Administrative Order 26 granting the COVID-19 Hazard Pay of P500 per day of physically reporting for work during the quarantine period.

$2.5 trillion COVID-19 rescue package needed for world’s emerging economies

30 March 2020

According to new analysis from UNCTAD, the UN trade and development body, commodity-rich exporting countries will face a $2 trillion to $3 trillion drop in investment from overseas in the next two years.

Commentary: Singapore has a New Deal. We call it the Resilience Budget

28 March 2020

It was only back in February that Singapore’s Deputy Prime Minister and Finance Minister Heng Swee Keat rolled out a “Unity Budget” that included expenditures and transfers totaling some S$106 billion for the entire country.

This had a S$6.4 billion Stabilisation and Support package for firms, workers and households to fight the effects of the emerging viral outbreak and hold onto jobs.