Sen. Binay calls for 6 to 12 months moratorium on GSIS, SSS, Pag-Ibig payments in Taal-affected areas 0 SHARES Share it! This way, Binay said the government can further help alleviate the suffering of constituents badly hit by the volcanic eruption as they struggle to return to normalcy. The senator also urged private and government banks, lending agencies, and financial institutions to defer loan payments of borrowers in areas declared under a state of calamity. “Granting loan moratorium and debt restructuring is a huge way of helping our kababayans rise from their difficulties,” Binay said. According to the Batangas Provincial Disaster Risk Reduction and Management Council, over 200,000 individuals have been affected by Taal’s activity.

Source: Manila Bulletin January 15, 2020 08:23 UTC