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Pasig says at least 5 pct of registered businesses in city closed in 2020

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<figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/-q-mD7rTkZM?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA - At least 5 percent of registered businesses in Pasig City closed in 2020 due to the disruptions caused by the COVID-19 pandemic, Mayor Vico Sotto said Wednesday.</p><p>&quot;In Pasig, around 5 percent of registered businesses actually retired in the year 2020... These are primarily small businesses. There are some business owners who don&#x27;t know that they need to retire their business and they closed... The real number can be as high as 10 percent,&quot; Sotto said in an interview with ANC&#x27;s Market Edge.</p><p>&quot;The 5 percent that retired or close in 2020 represent the small businesses that have a difficult time [during the pandemic], not having a big amount of capital, and a little push could cause them to close,&quot; he added.</p><p>Sotto said they launched TAPAT program in July last year to provide P10,000 cash loans to small businesses and help them jumpstart their businesses.</p><p>The program has 3,000 small business beneficiaries to date, he added.</p><p>Pasig City <a href="https://news.abs-cbn.com/video/news/01/04/21/pasig-opens-new-one-stop-shop-for-business-permits">recently opened</a> its second business one-stop shop in Ayala The 30th Mall in Ortigas to provide options for businesses to register and get permits, Sotto said.</p><p>The Ayala one-stop shop is expected to help decongest the first outlet located in the Pasig City Hall, and allow clients to maintain safe social distancing measures, Sotto said.</p><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/qmb_w0BQql4?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>At least 5 percent of registered businesses in Pasig City closed in 2020 due to the disruptions caused by the COVID-19 pandemic, Mayor Vico Sotto said Wednesday.<br /> </p>

At least 5 percent of registered businesses in Pasig City closed in 2020 due to the disruptions caused by the COVID-19 pandemic, Mayor Vico Sotto said Wednesday.