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Metro Manila mayors, voting 9-8, favor the shift to Modified General Community Quarantine (MGCQ), the least stringent quarantine mode in the country, in the National Capital Region (NCR) starting March.
Published February 18, 2021, 6:15 PM
Business organizations lauded the enactment of Financial Institutions Strategic Transfer (FIST) Act into law as timely stating the new law would further aid in the recovery of the Philippine economy, which has been battered by long lockdowns and quarantines due to the pandemic.
The Philippine Chamber of Commerce and Industry (PCCI), the Bankers Association of the Philippines (BAP), and the Management Association of the Philippines (MAP) issued separate statements of support to the signing of the FIST Act by President Duterte and its passage by Congress.
BAP said the passage and signing of the FIST Act into law is timely and will further strengthen the role of the financial industry in the economic recovery of the country.
Paranaque City Mayor Edwin Olivarez said on Wednesday that Metro Manila mayors will convene on Wednesday to assess if the country, particularly Metro Manila, which is the epicenter of the coronavirus disease (COVID-19) pandemic, is ready to be placed under the Modified General Community Quarantine (
(JANSEN ROMERO / FILE PHOTO / MANILA BULLETIN)
During the Cabinet’s weekly briefing with President Duterte late Monday, Feb. 15, Chua said the local economy suffered P1.04 trillion in income losses last year, equivalent to P2.8 billion per day, due to several restrictions imposed by the government.
To mitigate additional income losses, Chua appealed to President Duterte to further reopen the economy by placing the whole country, particularly Metro Manila, under MGCQ – the most relaxed quarantine mode.
Chua also recommended allowing individuals aged five to 70 to go outside their homes as well as the conduct of pilot face-to-face classes in low-risk areas.