THE House of Representatives on Thursday approved on third and final reading a P1.3 trillion stimulus package to aid businesses and reboot the economy severely hit by the coronavirus disease (Covid-19) pandemic.
House Bill 6815 or the “Accelerated Recovery and Investments Stimulus for the Economy of the Philippines” or ARISE Philippines Act, was previously known as the Philippine Economic Stimulus Act (PESA). It was passed a day before the House adjourned sine die with 216 lawmakers voting in the affirmative, 7 negative, and 0 abstention.
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