But he is facing a steep climb out of the hole he finds himself in.He sent his employees home for about two months but gave them a small sum each week to help tide them over the lockdown.“Most are still receivables, but it’s better than having no income at all,” he added. His clients include local distributors of Harley-Davidson and BMW.Philippine Airlines is near bankruptcy and fast-food giant Jollibee may have to shut down many of its restaurants abroad.
With so few customers, many of the mall’s core tenants and smaller locators have decided not to reopen. “People are spending less because they are not sure whether they will still have jobs by year’s end,” said one researcher at the National Economic and Development Authority . This means paying for their masks, which now cost 1,100 pesos per box of 50 pieces, and having their employees tested for the Covid-19 every two weeks. Right now, a test kit costs anywhere from 1,000 pesos to 4,0000 pesos.
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