“Makati Business Club supports the measures the national and local governments are taking to fight the COVID-19 pandemic,” it said.
The group released the statement in the morning after Mr. Duterte’s recorded speech. In his speech on Monday night, Duterte appealed to conglomerates for help. MBC said they supported the President’s call for companies to grant loans or early bonuses or 13th month pay to employees who might need the money to support their families.
“This is both humanitarian and good for the economy, which needs Filipinos to spend to limit the downturn,” it added.While limiting the spread is important, the MBC said it was also important to support businesses, especially small and medium enterprises and their employees, during this period.
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