Senator Grace Poe has filed a bill which seeks to provide financial incentives for local enterprises. “The present measure seeks to breathe life into the Constitutional provisions by establishing a Suporta Para Sa Produktong Pilipino Program,” Poe said in a statement on Sunday. 2049 will propose a grant of at least P10,000 to eligible micro, small- and medium-scale enterprises (MSMEs). The Department of Trade and Industry (DTI) will be “at the forefront to administer its disbursement,” Poe added. However, no business or enterprise shall avail of such benefit more than once a year, the bill stated.

Source: Philippine Daily Inquirer November 11, 2018 08:18 UTC