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SMALL businesses are estimated to suffer P465.3 billion in financial losses this year as they were forced to temporarily close or operate on a skeletal force as the country struggles to contain the spread of the coronavirus disease 2019 (Covid-19). Based on estimates by the Department of Finance (DOF), small businesses operating in malls and other retail outlets would incur losses of about P461 billion while those that have remained open but on skeletal force will lose around P4.3 billion.

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