FINEX welcomes NCR's downgrade to Alert Level 2

The Financial Executives Institute of the Philippines (FINEX) welcomed the government's decision to downgrade Metro Manila's quarantine status from Alert Level 3 to Alert Level 2.

FINEX president Francisco Ed Lim stated that this move is positive for the struggling economy, as NCR contributes over 30% of the GDP and will help restore jobs and income in time for Christmas.

Under Alert Level 2, establishments can operate indoors at 50% capacity with an additional 10% if they have a safety seal, and outdoors at 70%. The shift began on November 5 and will last until November 21.