A resolution seeking for a Senate inquiry on the effects of quarantine restrictions on micro, small and medium enterprises (MSME) has been filed in the Senate.
Senator Grace Poe yesterday filed Resolution 817, which cited the need to assess the impact of community quarantine on businesses and to establish a long-term and sustainable recovery road map to help the sector get back on its feet.
“While the government’s effort to infuse capital in support of MSME and the prioritization of their employees in the vaccination rollout are laudable, we need more long-term and sustainable recovery road maps for the foreseeable future,” Poe said.
With the National Capital Region going under the strictest community lockdown again from 6 to 21 August, National Economic and Development Authority chief and Socioeconomic Planning Secretary Karl Kendrick Chua earlier said the government is set to lose P150 billion per week after the reimposition of strict quarantine measures in more areas to curb the rising cases of Covid-19 and slow the spread of the hyper-contagious Delta variant.
The Department of Trade and Industry reported 10 percent of MSME were forced to shut down as of June 2021 due to lack of sales, a big slump from the 999,342 MSME recorded by the Philippine Statistics Authority in 2018.