To make up for economic losses expected to reach P1.4 billion due to the Luzon lockdown, the city’s retail and service industries will gradually open for business in May once the local government enforces a modified quarantine scheme, Magalong said.
The local government allowed commerce to flourish in communities with small businesses—from neighborhood “sari-sari” stores and “talipapa” to small laundry shops.
With a huge number of businesses idle, the city government expects a drop in tax revenues this year and in 2021, which can cripple its food and cash aid for families locked indoors for the duration of the quarantine. Restoring full-blown construction activity is also being studied to speed up completion of building projects before these pose a danger to the public when the monsoon season starts, according to City Administrator Bonifacio dela Peña.
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