The MICE and Tourism Industry Stakeholder in the Philippines Need Financial Aid Because of Covid19

Monday, March 23, 2020

Event Management Philippines Covid19

The MICE and Tourism Industry stakeholders in the Philippines need financial aid from the government because of Covid19.

Most of the MICE and Tourism Industry players are SME companies that have limited funds and are easily affected by the current pandemic. Add to the fact that NEDA estimates that 30 million to 40 million jobs are lost because of the current situation.

The 14 Billion budget allotment for the Department of Tourism programs and projects is good news. However, tourism stakeholders hope that some of the funds will be placed as financial aid to the stakeholders and stakeholders’ staff.

Nobody saw this pandemic coming. The Philippines is one of the top 10 countries dependent on Tourism the effects are chilling. The possible financial stimulus that the Department of Tourism will infuse to the stakeholders can serve as oxygen that will resuscitate tourism companies gasping for air.

Now that the budget allotment is officially declared, the next question is will there be financial aid allotted to the stakeholders?

If there are the implementation guidelines must now be drafted and ensure the speed of distribution. The tourism industry stakeholders need this badly.

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