February 25, 2021 | 12:32 am Font Size
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THE PHILIPPINES is expected to remain under a general lockdown until the coronavirus vaccination program is underway. CATHY ROSE A. GARCIA
COMPANIES in various industries are keeping a cautious outlook on recovery this year, after Malacañang decided not to loosen lockdown restrictions.
Rosemarie B. Ong, president of the Philippine Retailers Association and chief operating officer of Wilcon Depot, Inc., said she still expects business growth this year as customers divert their travel budget to home renovations.
“(Growth is) going to be soft but still very helpful because we are seeing some developments,” she said at an online event held by the Management Association of the Philippines on Wednesday.