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Less shops closures in Aug, Sept

Republika

There were fewer businesses that remain closed as the government eases community quarantine measures in August and September.

Only six percent of over 2,000 surveyed micro, small, and medium enterprises (MSMEs) remain closed during the two-month period, according to Trade Secretary Ramon Lopez.

This is lower compared to 38 percent in April to May period, the height of the lockdown measures, and 11 percent in June to July period.

“It’s just been over six months since the first ECQ (enhanced community quarantine) lockdown, and by now, I can say we’ve learned to manage and adjust with the virus,” Lopez said.

He added the IATF has adopted a full month community quarantine classification instead of the usual two-week cycle to provide businesses more stability in planning.

“It is important as more micro, SMEs will be able to restart their businesses and more of our people will be able to start work and earn their income again. Bringing back jobs will likewise revive consumer confidence which we need to revive the economy,” Lopez said.

PHOTO: PNA


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