Presidential Adviser for Entrepreneurship Joey Concepcion said businesses are hoping the government will place Metro Manila under Alert Level 1 by November or December to revive economic activity.
During the Laging Handa public briefing Tuesday, Concepcion said the National Capital Region (NCR) is ready for safe reopening of economic activities as vaccination rate reaches 80 percent of the target population.
He said the last quarter of the year is a crucial period for businesses when consumer spending increases.
As restrictions further ease, Concepcion said establishments could be allowed to operate up to 70 percent capacity.
“Because at 30 percent (capacity), you hardly have any income there. Now, at 50 percent, you can earn some money but not that much but at least they will be able to have enough to pay their obligations and hopefully carry them forward until 2022,” he said.
Concepcion is also in favor of reopening cinemas for fully vaccinated individuals.
“We have been using cinemas for the vaccination of our employees. So, if we’re already using cinemas for vaccination for our employees — and it is mostly done in all cinemas — (then) these are safe. We will not use that cinema if it’s not safe,” he said.
Concepcion said that with the arrival of more Covid-19 vaccines in the country, these can cover the entire population.
This will push for more reopening of economic activities in the coming months, he added.