Carbon projects ‘definite’ economic fallout
Metro Bacolod Chamber of Commerce and Industry (MBCCI) Executive Officer Frank Carbon said local business establishments are open to a temporary shutdown in an effort to reduce the risk of exposure of the coronavirus disease, or Covid-19.
The MBCCI official affirmed, “Our losses could be recovered in the future.”
However, in an effort to mitigate losses during such a shutdown, he said they will request assistance from both the local and national governments; along with requesting various utility firms to delay billing.
Carbon said the national government should provide low interest or long-term loans for small to midsize enterprises, while the local government should delay business tax payments.
Meanwhile, he said the virus will “definitely” lead to an economic fallout.
“We’re in panic mode,” Carbon stated.
He said overseas Filipino workers will lose jobs; tourism establishments have seen a decline; and the business process outsourcing industry, or call centers, will diminish./DGB, WDJ