News » More businesses will face permanent closure if lockdowns continue – PCCI

More businesses will face permanent closure if lockdowns continue – PCCI

More businesses will face permanent closure if lockdowns continue – PCCI

The Philippine Chamber of Commerce and Industry (PCCI) is urging the government to allow businesses to resume full operations, warning that many are facing the possibility of permanent closure if lockdowns continue.

The largest business organization in the country said 50 per cent of the members in its local chambers in Luzon and Mindanao have closed down, while employment among those that continue to operate is down to 25 to 30 per cent.

In a statement, PCCI president Benedicto Yujuico said, “Obviously, we don’t need economists to tell us there could be a faster slide and steeper decline in GDP (gross domestic product) during the second quarter when economic activity was reduced to a minimum. Extending the lockdown further could already spell disaster for the country.”

The organization said that its members want lockdowns to be eased and full economic activity to “resume soonest to allow them to recover.”

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.