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Companies hold off plans to reassess business operations under 'new normal'

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Industry leaders say that private firms and construction companies have scaled down business activities as they recalibrate their operations under the 'new normal,' with the pandemic a remaining threat.

Private firms and construction companies have scaled down business activities as they step back to reassess their operations under the"new normal," industry leaders said Friday.

When most areas saw relaxed lockdown rules by May, Tan noted there had been a"slowdown" in credit applications as businesses pause to figure out how they will reopen with the coronavirus a remaining threat. President Rodrigo Duterte's economic team said it will continue the government's flagship construction projects under the"Build, Build, Build" program, counting it as a crucial strategy for economic recovery.DPWH chief says big-ticket 'Build, Build, Build' projects will push through despite COVID-19 crisis

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