Economics
Philippine House Speaker Files $8.7 Billion Pandemic Relief Bill
The shore of the bay at Baseco in Manila, Philippines.
Photographer: Dante Diosina Jr/Anadolu Agency/Getty Images
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Philippines House Speaker Lord Allan Velasco said he submitted a 420 billion peso ($8.7 billion) pandemic relief bill to Congress to revive an economy in recession.
The relief will help fund programs for pandemic-hit businesses and deliver another wave of cash aid for the poor, Velasco said in a statement on Sunday. The bill was filed jointly with lawmaker Stella Quimbo, according to the Speaker.