The private sector-led initiative Kapatid Angat Lahat for Agriculture Program (KALAP) will help farmers and the country’s micro, small, and medium enterprises (MSMEs) become “more productive, profitable, sustainable and globally competitive,” President Ferdinand Marcos Jr. said.
The first measure filed before the House of Representatives in the 19th Congress seeks to expand the government’s lending programs to micro, small, and medium enterprises (MSMEs) to help them recover from the effects of the COVID-19 pandemic.
The House Committees on Appropriation and on Micro, Small, and Medium Enterprise Development have approved the measure seeking to extend for 10 years the law mandating banks to allocate 10 percent of its loanable funds to Micro, Small and Medium Enterprises (MSMEs).
Three lawmakers have expressed their support to the proposed five-year renewable Visiting Forces Agreement between the Philippines and the United States.
