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Coronavirus pandemic
This Week in AsiaEconomics

Coronavirus: Philippine workers lose jobs, stocks plunge, shops close as pandemic hits economy

  • As Luzon goes into lockdown and other regions place severe restrictions of movement on residents, many businesses are struggling and workers have been let go
  • In the popular holiday island of Boracay, travel operators are suffering a double blow, after being forced to shut for six months in 2018 over pollution issues

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A worker carries sacks of rice before the Munoz market closes, after it cut its operations to four hours a day to curb the spread of the coronavirus in Metro Manila. Photo: AP
Phila Siu
Celebrity chef Him Uy de Baron’s restaurants in the Philippines have mostly been closed for now.
Following the government’s order to lock down Luzon – home of the capital Manila and the most populous island in the country with 55 million residents – no one is allowed to dine in amid the coronavirus outbreak.

“People can’t eat out now in Manila. They can send one person out at a time to pick up groceries and cooked food from restaurants. Many restaurants have shut already, especially the casual dining and fine dining restaurants who do not do deliveries,” he said.

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“I’m right now with a big [restaurant] group that can perhaps ride this out. My heart goes out to the smaller businesses who go day to day.”

As the Philippines battles rising cases of the coronavirus – now at 217 cases, with 17 deaths – President Rodrigo Duterte has declared a national state of calamity to tap emergency funds and placed Luzon under an effective lockdown until April 13.
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