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Sol Aragones assures tourism stakeholders will get financial aid under Bayanihan 2

Aug 14, 2020 @ 14:24
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Laguna Rep. Sol Aragones assured on Friday, August 14, that the tourism sector will still receive financial assistance under the proposed economic stimulus package to be known as Bayanihan to Recover as One Act.

Aragones, chairperson of the House tourism committee, said she and her colleagues from the House met earlier this week with members of the Tourism Congress of the Philippines (TCP) to explain that the P10 billion allocated for tourism-related infrastructure projects under the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) would not deprive the sector of access to financial assistance.

On top of the allocated funds, she said there is also 100 million pesos to finance the training and subsidies for tourist guides.

“Pinaliwanag po natin na holistic ang approach ng House version ng Bayanihan 2, at iginiit namin na yung loans naman ay ma-avail nila dun sa 51 billion-peso allocation to GFIs (government financial institutions). In fact, dahil dito, hindi lang limited to 10 billion pesos ang pwedeng makuha ng industriya,” Aragones said.

The lawmaker said another meeting involving tourism stakeholders, GFIs, and the government economic team will be set by Congress to iron out details to ensure that the tourism sector will be able to access the loans faster, on top of a 365-day grace period for loans that has been integrated into the House version of Bayanihan 2.

“Congress recognizes the invaluable contributions of the tourism sector to our economy, and understand that helping it survive this pandemic is crucial if we want our economy to bounce back,” said Aragones.

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