Business recovery to receive boost in Metro Manila
- Charles Chau
- Topics: Health and Wellness, Home Page - News, News, Philippines
This is to allow businesses to recover, said Presidential Adviser for Entrepreneurship Joey Concepcion.
“I believe by November 15, there is no way but to move towards Alert Level 2,” he said, adding that “the fourth quarter is when most MSMEs (micro, small, and medium enterprises) really will recover whatever they lost”.
“This whole year we have had a number of lockdowns and long lockdowns as well. And the fourth quarter, about 40% of the year’s sales are in this quarter, it is the quarter when the Christmas season induces a lot of spending for Christmas gifts and greater mobility because people want to celebrate with their loved ones, so they go out, go to restaurants, spas, salons, to look good,” he said.
“Everybody wants a happy Christmas, especially from where we have gone through,” Concepcion said, adding that Metro Manila and other areas that have vaccinated more than 70% of their eligible local population “deserves an Alert Level 2”.
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About 86% of the National Capital Region’s population is already fully vaccinated, according to Carlito Galvez Jr. who is the Vaccine Czar of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID).
Metro Manila is under Alert Level 3 until November 14, according to CNN Philippines.
