In line with the Bayanihan to Heal as One Act, we automatically waive interest on late payments with due dates starting March 17 and until Enhanced Community Quarantine in NCR will be lifted. As of this writing, most of the clients have received an advisory letter already from our subsidiary office, Poseidon Asia Inc in Manila.
The Bayanihan to Heal as one Act, officially designated as Republic Act No. 11469, is a law in the Philippines that was enacted in March 2020 granting the President additional authority to combat the COVID -19 pandemic in the Philippines. The word “Bayanihan “ is a Tagalog word for communal work.