The Philippine government has recently allotted Php 10 billion to Small Business Corporation (SBCorp) to expand its COVID-19 Assistance to Restart Enterprises (CARES) Program to help MSMEs recover and ensure that workers keep their jobs. Also to be made available under this fund is the CARES for Tourism Rehabilitation and Vitalization of Enterprises and Livelihood (CARES for TRAVEL) Program.
Source: Small Business Corporation