Philippine President Rodrigo Duterte, responding to appeals from frontline medical workers battling Covid-19, has ordered a Modified Enhanced Community Quarantine (MECQ), the second-strictest designation, to be implemented from August 4 to 18.
Duterte had only recently ordered the General Community Quarantine (GCQ) to be extended to August 15, but this was judged to be insufficient in light of the grave status of the pandemic.
Under the MECQ, the population is expected to stay at home, and any gatherings that do occur are limited to five people. Most public transportation is shut down, and even the government is meant to employ only a “skeleton workforce.”
On Sunday, the Department of Health reported more than 5,000 new Covid-19 cases, a single-day record, bringing the country’s total cases above 103,000. The death toll is now in excess of 2,000 people.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Kenanga Research expects Malaysia's casino operator to rebound more swiftly than its number forecast operators, as border restrictions ease. The sector valuation remains attractive as gaming stocks were still 15-26 percent cheaper than a year ago.
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.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.