Small businesses get 30-day moratorium on rent payments: COVID-19 task force
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Small businesses get 30-day moratorium on rent payments: COVID-19 task force
Arianne Merez,
ABS-CBN News
Published Apr 02, 2020 01:30 PM PHT
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Updated Apr 02, 2020 01:35 PM PHT

MANILA -- Small businesses will get a 30-day moratorium on rent payments in commercial spaces, Cabinet Secretary Karlo Nograles said Thursday.
MANILA -- Small businesses will get a 30-day moratorium on rent payments in commercial spaces, Cabinet Secretary Karlo Nograles said Thursday.
The reprieve covers commercial rent of micro, small, and medium enterprises (MSMEs) for the month-long period of the enhanced community quarantine in Luzon, Nograles said.
The reprieve covers commercial rent of micro, small, and medium enterprises (MSMEs) for the month-long period of the enhanced community quarantine in Luzon, Nograles said.
"Tulad ng residential units, may 30-day grace period na rin po sa pagbayad ng upa sa commercial spaces na ginagamit ng malilit na negosyo o MSMEs," Nograles said in a virtual press briefing.
"Tulad ng residential units, may 30-day grace period na rin po sa pagbayad ng upa sa commercial spaces na ginagamit ng malilit na negosyo o MSMEs," Nograles said in a virtual press briefing.
(Like residential units, there is also a 30-day grace period for the payment of commercial rent used by small businesses or MSMEs.)
(Like residential units, there is also a 30-day grace period for the payment of commercial rent used by small businesses or MSMEs.)
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The Department of Trade and Industry will formulate guidelines, he said.
The Department of Trade and Industry will formulate guidelines, he said.
The government earlier imposed a 30-day moratorium on payments of residential rents and loans.
The government earlier imposed a 30-day moratorium on payments of residential rents and loans.
The entire Luzon was placed under enhanced community quarantine to stop the spread of COVID-19 from March 17 to April 12.
The entire Luzon was placed under enhanced community quarantine to stop the spread of COVID-19 from March 17 to April 12.
Read More:
rent moratorium
commercial rent moratorium
IATF
coronavirus
COVID-19
Karlo Nograles
MSMEs
business Philippines
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