Congressman PM Vargas has expressed strong support as a principal author of the Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) Act.
The bill seeks to strengthen government financial institutions like Land Bank and DBP to provide loans and equity support to distressed businesses, particularly MSMEs.
Vargas highlighted the act’s importance in safeguarding jobs, sustaining industries, and promoting national economic recovery.
The GUIDE Act is part of Congress’ broader effort to create inclusive financial solutions for enterprises hit by the pandemic and other economic challenges.
By empowering struggling businesses, the law aims to foster resilience and long-term growth for the Philippine economy.
Source: PhilNews24 | January 25, 2025
