SEC Instructs Lenders to Extend Grace Period on Loans as ECQ is Pushed Until May 15, 2020

SEC Instructs Lenders to Extend Grace Period on Loans as ECQ is Pushed Until May 15, 2020

The Securities and Exchange Commission (SEC) instructs financing companies, lending companies, and microfinance NGOs to extend the grace period applied on loans until May 15, 2020 as the enhanced community quarantine (ECQ) is also extended up to that date in key cities and provinces in the Philippines.