Baguio SMEs can tap P100-M stimulus package

BAGUIO CITY: Some P100 million is readily available to initially finance the local government’s stimulus package for micro, small and medium enterprises (MSMEs), whose operations had been heavily affected by the implementation of the Luzon-wide enhanced community quarantine (ECQ).

City Budget Officer Leticia O. Clemente, chairperson of the city’s Local Finance Committee, said that the funds for the local stimulus package will be drawn from the P150 million earlier appropriated by the city council for the anti-coronavirus disease 2019 operations, which had not been fully utilized.