In partnership with the Delegation of the European Union to the Philippines, the European Chamber of Commerce of the Philippines (ECCP) conducted a survey between 22 May to 22 July to analyze the impact of COVID-19 on business operations in the Philippines, as well as its effects on European-Philippine trade and investment flows. While the respondents are predominantly based in Metro Manila, the survey also includes responses from businesses operating across Luzon, Visayas, and Mindanao. The study’s business impact survey zooms in on the pandemic’s effect on companies’ trade and investment decisions and activities, as well as disruptions in various business functions including finance, logistics, labor, and production.
The study also covers consultations with business executives regarding their respective companies’ first reactions to COVID-19 pandemic; efforts to manage health and safety of employees; measures to ensure the business continuity; desired external support and assistance; and planning for business recovery. Interviewed business leaders also shared their views on the Philippine national government and local government’s management of the COVID-19 crisis.
In light of the COVID-19 pandemic, European Chambers of Commerce around the world have issued surveys to European companies in their region to see the economic impact of the crisis on European companies in their area. The present document is a summary of these reports with the main and most common findings.