It’s the entire economy of the city of Cagayan de Oro,” Vegafria told MindaNews. The Oro Chamber said the quarantine lead to a sharp decrease in business confidence and labor productivity. Vegafria said the Oro Chamber presented several recommendations for local traders to get back on their feet. He said the traders want the local government to reopen more the local economy by allowing the resumption of travel, leisure and entertainment activities. He said local traders should also be given holidays in loan payments until the local economy will stabilize.

Source: The Local May 25, 2020 05:26 UTC