A "Four-wheel Drive" vehicle is needed to sustain our economic recovery.
A "Four-wheel Drive" vehicle is needed to sustain our economic recovery.
Western Visayas (Region 6) economic recovery is underway.
But, for our recovery to move in a sustainable manner, the four wheels of the vehicle must move in UNISON to create an economic development momentum.
Here are the four wheels and its roles:
-
Local Government Units(LGUs) and the National Government Agencies (NGAs).
-
LGUs --
-
should ensure that the
active cases are put to
controllable level to allay
the infection fears of the
public;
-
prepare a "ready to go" programs to generate jobs
and livelihoods;
-
these programs should
readily catch the financial
stimulus funds of the National Government once released to
LGUs.
-
NGAs --
-
should support the recovery efforts of the busi
ness sector;
-
ensure that the basic
needs of the populace
are met (available and at
affordable price), i.e. fish,
veggies, rice, etc.
-
National Government (NG)
The NG should draw-up the
implementing rules and
regulations (IRR), as quickly
as possible, of the Bayanihan
II Act.
Here are some of the important
features of the Act:
-
P13 billion for cash-for-work
programs;
-
P6 billion for the food and
livelihood assistance grants
to households in areas on
hard lockdowns;
-
P1.5 billion in assistance to
LGUs under the Local Government
Support Fund;
-
P2 billion to subsidize payment of interest on new and
existing loans secured by the
LGUs;
-
P24 billion for "plant, plant,
plant" program;
-
No tax hikes as economy
recovers.
-
Community
-
The community has to take
full responsibility in stopping
the spread of the virus;
-
From barangay officials
to households, each one
should devise its own protective measures, in addition to,
the practice of safety pro-
tocols, i.e. avoid parties,
proper hand washing, staying healthy, etc.
-
Business Sector
-
Reopen and reinvest, and
start rehiring;
-
Practice safety protocols
in stores and offices;
-
Cooperate with LGUs in stopping the spread of the virus,
especially avoiding the
conduct of "super spreaders",
i.e. conventions, mall sales,
agri/aqua sales or forums,
etc.
Good news!!!!
BSP sees bigger BoP surplus this year. The BSP said the new projections are based on a gradual recovery in the near term, and warned that uncertainty remains over the extent of the pandemic's impact on the economy.
Agri-aqua/ Profession / Association / Industry
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