MANILA, Philippines — The proposed Bayanihan to Recover as One Act or the “Bayanihan 2,” which seeks to cushion the effects of the coronavirus pandemic, now only needs President Rodrigo Duterte’s signature to become a law. This came after the House of Representatives ratified the bicameral conference committee report on the disagreeing provisions of the measure. ADVERTISEMENTSince both chambers have already ratified the bill, it will now be transmitted to the Office of the President for Duterte’s signature. Bayanihan 2 lays out the country’s COVID-19 response and recovery plan and allocates funds to help struggling sectors cope with the impacts of the coronavirus pandemic. The P165 billion stimulus package consists of P140 billion in regular appropriation and P25 billion as standby funding.

Source: Philippine Daily Inquirer August 24, 2020 09:11 UTC