August 13, 2021

The vaccination program is a major driver of economic revival

The distribution of vaccinations against the coronavirus disease 2019 (Covid-19), according to Philippine Chamber of Commerce and Industry (PCCI) interim president Edgardo Lacson, is a key driver for economic recovery since more companies would be permitted to reopen.

“As a result of the immunization campaign, more companies will reopen and age restrictions will be lifted. This would result in more economic activity and the preservation of more employment, allowing our people to earn a living,” Lacson said at the 30th North Luzon Area Business Conference on Thursday.

He emphasized the importance of the private sector assisting the national and local governments in mitigating the effects of the pandemic by implementing programs that have an immediate impact on rebuilding industries in the short term, as well as looking at the medium and long-term prospects and strategies.

“As you may be aware, the Covid-19 epidemic is unusual, and its negative consequences have regrettably lasted for a long time. And, as we all know, it’s not only a public health issue; it’s also a financial one, impacting society and the economy at their core. Nonetheless, it offers chances and lessons that the area can embrace and grow with, just like any previous crisis,” he said.

Strategic relationships with stakeholders and creative solutions, according to Lacson, will assist businesses in recovering and becoming more resilient and sustainable.

He claims that providing new solutions would assist companies in completely and securely reopening the economy.

“Embracing innovation is critical in assisting us in successfully navigating our companies through these trying times and pivoting to the new normal,” Lacson added.

The PCCI, according to the leadership, aims to create an inclusive and responsive economy that will help companies flourish throughout the epidemic and beyond.

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