The Chamber of Real Estate & Builders’ Associations Inc. is one with multi-sectoral appeal led by Ayala Land, Federation of Filipino-Chinese Chambers of Commerce and Industry, Financial Executives Institute of the Philippines, Go Negosyo, Management Association of the Philippines, Megaworld, Philconstruct, Philippines Retailers Association, Philippine Chamber of Commerce and Industry, Resto PH, Robinsons Land and SM Prime.
Creba agreed that the overall economic activity in the country has been drastically stalled by the Covid-19 pandemic for a couple of years, thus, resulting in the 9.6 percent contraction of GDP in 2020. The group shared in the position of government and private sectors’ leaders, as well as micro, small and medium enterprises that major economic centers going back to business are a vital milestone towards recovery. It lauded the fast roll-out of vaccination that now stands at 70.4 percent in Metro and 57.
Under Alert Level 1, establishments have been given the green light to operate on site at full capacity subject to compliance with minimum public health standards. According to Creba National Chairman Charlie A. V. Gorayeb, a boost in business activities will benefit the whole nation and spur its return to economic wellness.