Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 04, 2020

Philippines Allows Hotel Conventions as Cases Ebb to 5-Month Low

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
MSCI World
--
Pritika Auto Industries Ltd
--
Cons Discretionary Goods & Serv
--
SAB Events & Governance Now Media Ltd.
--
MSCI AC Asia ex-Japan
--
BSE Finance
--
Regency Investments Ltd.
--
Lawreshwar Polymers Ltd.
--
Cindrella Hotels Ltd.
--
Advance Lifestyles Ltd.
--

The Philippines has eased its rules on mass gatherings as part of a broader policy to further reopen businesses as new coronavirus infections fell to their lowest in almost five months.

Hotels, malls and restaurants may now hold trade events, seminars and board meetings in areas under general community quarantine including in Metro Manila, provided only 30% of the venue's capacity is used, the nation's virus task force said in a resolution released Friday.

The move will help boost the economy and aid the hotel industry, the Management Association of the Philippines said in a statement. Economic managers are pushing to further reopen an economy that's forecast to shrink as much as 9.5% this year.

Philippines Eyes China, Russia For Early Vaccine Access

The Philippines has the second-worst outbreak in Southeast Asia, even as daily cases have declined over the past days. It reported 934 new cases on Friday, the lowest since mid-July and pushing total infections to over 436,000. The number of persons tested, however, has also fallen to over 25,000 from a high of almost 45,000 in September, based on Health Department data.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search