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Business > Top Business
Govt eases loan terms for tourism businesses
By Anna Leah E. Gonzales
Jun 14, 2021 12:37 am

The government recently relaxed the loan terms for tourism businesses to encourage more micro, small and medium enterprises to avail of the loan program.

In a statement, the Department of Tourism (DoT) said that under the relaxed terms of the Coronavirus disease 2019 (Covid-19) Assistance to Restart Enterprises (Cares) for Travel program, the grace period for repayment of loans to distressed tourism enterprises was extended to two years.

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