By LITO RULONA Correspondent THE city’s business community is feeling the heat now. The president of the city biggest and premier business organization, Cagayan de Oro Chamber of Commerce and Industry (Oro Chamber), said collective losses reached some P200 million after just five days since the May 23 declaration of martial law in Mindanao by President Duterte. Oro Chamber president Robert Pizarro told local radio on Friday that his estimates were based on information coming from members of the business group. The Limketkai-owned Luxe Hotel alone lost some P4 million in hotel bookings during the first week of martial law, according to its general manager Jerome dela Fuente. Pizarro said the Oro Chamber was also receiving similar reports on business losses from Lanao del Sur, Bukidnon, Iligan City and Camiguin. Pizarro said his group has brought the concerns from the local business community to the attention of Mayor Oscar Moreno, and that the city’s business leaders were looking forward to meeting with local and military offficials, including 4th Infantry Division commander Maj. Gen. Benjamin R Madrigal Jr. and police regional director Chief Supt. Agripino Javier today. Pizarro said the Oro Chamber wants to be briefed and updated about the Marawi crisis, and on the imposition of the Mindanao martial law. “We have to coordinate and help each other especially on the monitoring of the flow of goods. Let’s ask what’s happening to our existing business enterprises,” he said. Pizarro expressed concern for the local tourism industry that immediately felt the impact of the crisis. The cancelled bookings and big meetings in the city also means business opportunity losses. He estimated that some P18 million in hotel bookings were lost by the city during the first days of the crisis due to cancelled events. Pizarro said the public transportation sector was also hurting, and night life and businesses associated with it have been affected, too. But Pizarro expressed that the local business sector would bounce back in three to four weeks, citing the “No Back Out, No Pull Out” campaign meant to encourage tourists and events organizers to push through with their activities.