Manila, Sept. 7 -- The city government of Makati is set to release a grant of PHP10,000 up to PHP100,000 worth of financial assistance to the businesses and entrepreneurs hard-hit by the coronavirus disease (Covid-19) pandemic in the city, Mayor Abigail Binay said on Monday.

Under the city's PHP2.5-billion Makatizens economic relief program (MERP), Binay said the local government targets to assist some 78,000 businesses registered in Makati, as it revamps its business programs and pushes for economic recovery amid the health crisis.

"Makati-based businesses can get a grant of up to PHP100,000 depending on the number of Makatizens they employ," Binay said in a Facebook live. "Hindi po ito utang, tulong ito sa mga negosyante ng Makati (This...