Line of Sight
The Business of Closing the Business
Data from the Department of Trade and Industry showed that 26% of businesses closed last June 2020, which was four months after the declaration of a national emergency by the government. Fast forward to July 2021. Following the enactment by the government of the Bayanihan Act and the CREATE Law in the hopes of boosting the economy under a new normal, this percentage has dwindled down to 10%.