MANILA, Philippines — A Senate panel is set to start discussions on measures seeking to aid banks and financial institutions reeling from the economic impact brought about by the coronavirus disease (COVID-19) pandemic. ADVERTISEMENT“Banks and financial institutions need government assistance due to the near-economic paralysis caused by the pandemic,” Poe said in a statement on Tuesday. The upcoming hearing will discuss Senate Bill No. Senate Bill No. “These bills will act as a lifeline to the banks and financial institutions that are our partners in jumpstarting the economy,” the senator said.

Source: Philippine Daily Inquirer August 25, 2020 02:03 UTC