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waiting for court protection when she was shot.


Initial lockdown in the Philippines ran from March 15 until June 1 whilst a second wave of restrictions were imposed on August 4 for two weeks to try and curb rising Coronavirus cases.


Te Philippine government announced travel restrictions from mainland China, Hong Kong, Macau and Taiwan in early February, and on March 8 the President declared a state of public health emergency throughout the country, which was later raised to Code Red Sublevel 2, the highest alert level. Te entire island of Luzon, including Metro Manila, was placed under Enhanced Community Quarantine (EHQ) from March 16.


On March 23 the government passed a law known as the ‘Bayanihan We Heal as One Act’ which granted the President emergency powers to order privately owned medical and health facilities and other establishments to house health workers and serve as quarantine or


P62 NEWSWIRE / INTERACTIVE / MARKET DATA


medical facilities. A second round of fiscal stimulus measures were recently introduced under the Act giving loan repayment moratorium measures.


Te GDP during the first quarter of 2020 dropped by 0.7 per cent and by 16.5 per cent in Q2 2020. Te predicted contraction this year is expected to be 7.3 per cent.


Analysts at the Asian Development Bank (ADB) believe contraction may have bottomed out in May or June and there is confidence for the rest of the year. Many say the Philippines remains an economic powerhouse in the region.


Unemployment in the Philippines was at 10 per cent by July 2020, less than the 17.7 per cent recorded in April at the height of quarantine measures and compared to five per cent in 2019.


Venues such as internet cafes, gyms and hairdressing shops could re-open in Manila at the end of the August whilst other areas faced


mild lockdowns with night curfews in place. As the ECQ was introduced PAGCOR suspended all casino operations during this time with a temporary closure of venues from casinos to slot clubs and sports betting. Te ECQ lasted until May 15 after several extensions and Metro Manila was transitioned from ECQ to Modified Enhanced Community Quarantine (MECQ) with relaxed rules.


Borders to the Philippines opened on June 1 but re-closed again as cases climbed. Despite receiving a ‘safe to travel’ stamp from the World Travel and Tourism Council, the Philippines has announced it will not open its borders to international visitors until the second half of 2021 with domestic tourism gradually reactivated via travel bubbles.


For example, Baguio City only reopened to travel bubble residents on October 1 and says since the March lockdown the city has lost P2bn in tourism revenue. At the moment the city will only permit domestic tourists from the Ridge


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