Friday 10 April 2020
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businessmirror - 14 days ago

Moratorium on all loan payments amid COVID-19 quarantine possible under ‘Bayanihan’ law

To minimize the financial burden of people due to the state-imposed enhanced community quarantine, President Rodrigo R. Duterte is now authorized to direct banks and government-run social funds to give a moratorium for loan payments under Republic Act (RA) No. 11469 or the Bayanihan to Heal Law. The newly signed law temporarily provided the President the power [ ]


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