Stirring businesses with digital advantage
One of the major challenges faced by businesses at the start of the pandemic was the disruption in cash flow. It lasted for months due to lockdowns and social distancing regulations.
Continue reading BDO Press Release: Stirring Businesses with Digital Advantage
The ongoing pandemic has caused a lot of sectors to spiral down, following multiple lockdowns, and an insubstantial COVID-19 response from the Philippine government that was based on unreliable economic policies.
While essential industries such as food manufacturing and telecommunications, as well as food stores for groceries, were able to survive year-round in 2020, other industries, particularly property and construction, were the ones that were hit the hardest.
In fact, the construction industry shrank to 33% during the latter half of 2020, an indirect effect of the stricter quarantine measures that prohibited the continuation and development of construction projects.
However, the good news for prospective investors is that the plunge that these industries experienced in 2020 is expected by experts to be the driving factor to the growth of these industries from 2021 onwards. Continue reading Investing in the pandemic: Resilient sectors to rely on
