Economic losses under Level 3 temporary
MANILA - Placing the National Capital Region Plus back on Alert Level 3 due rising coronavirus disease 2019 (Covid-19) cases is seen to result in a weekly gross value added (GVA) loss of around PHP3 billion, economic managers said. The inter-agency Development Budget Coordination Committee (DBCC), in a statement issued on Friday, however, believes that "this is a temporary setback and is a necessary adjustment in view of the new Covid variant." "As we previously said, we are in a better position to manage possible spikes. We have enough vaccines and funding for booster shots; we...
Source: philippinetimes.com
