President Rodrigo Duterte on Monday met with health experts and former officials from the Department of Health to receive “critical information” that will help him decide whether to cease the Luzon lockdown or ease it in order to begin business recovery, local media reports.
On Sunday, Justice Secretary Menardo Guevarra said that the government could not wait until the entire country reaches zero transmission, “as by then we may have hit the tipping point where it would be extremely difficult to recover from the economic and social devastation.”
The entire island of Luzon has been in lockdown since mid-March due to the COVID-19 pandemic. Schools, businesses, including casinos have been shut since then. It is scheduled to end at the end of April.
Guevarra said the president will decide within the next week whether to extend or loosen the lockdown.
Genting Singapore Executive Chairman Tan Sri Lim Kok Thay said the outlook for the group continues to be challenging due to the Covid crisis, however, the company is excited about its expansion plans in Singapore and Japan.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.