Anxiety Escalates as 13th Month Pay Loans Out and Employers are being Clueless Where the Funds will Go
The government has introduced a scheme to help finance small businesses 13th month payout, but companies worry the loan conditions are not enticing enough for distressed businesses that can spend the capital elsewhere or simply want to close down entirely. To date, some 21,000 micro, small and medium-sized enterprises (MSMEs) have received funding under the COVID-19 Assistance to Restart Enterprises …
