EXCERPT

Since the government started implementing Alert Level 1 this month, Presidential Adviser for Entrepreneurship Sec. Jose “Joey” A. Concepcion disclosed discounts for office rent have gone down as demand for such facilities gradually increased.

“Discount was as high as 50 percent, now it is [down] to 25 percent. Soon there will be no more discounts,” Concepcion told BusinessMirror in a Viber message.

He noted that financial institutions are now extending loans to more micro and small entrepreneurs as business confidence rises alongside lower Covid-19 cases in the country despite the increased public mobility.

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