By Joann Villanueva, PNA, 30 Jan 2020
MANILA — Economic managers on Thursday discounted the possible effect of the novel coronavirus (2019-nCoV) on the Philippine economy, citing government measures to address the issue.
In a briefing after the meeting of the Economic Development Cluster (EDC), Socioeconomic Planning Secretary Ernesto Pernia said the coronavirus that was first traced in Wuhan, China will “likely to just have a short-term impact given the measures being done to minimize” the problem.
Pernia said the travel ban to some countries is in a way beneficial to the Philippines because people will be saving their dollars and instead use their funds in the domestic economy.
“As mentioned, internal travel in the Philippines will probably pick up because of the problem of going abroad,” he said.
Measures to protect oneself from the virus will also increase the sale of masks and soap, which is a boost to the economy, he added.
Finance Secretary Carlos Dominguez III said it is still too early to quantify the economic impact of 2019-nCoV on tourism, among others.
“We’re not going into a recession because of this,” he said.
Dominguez said imports from China will decline, but adding this has been down since several months back because of the African Swine Fever (ASF), which affected several other Asian countries.
“With the coronavirus, I think, it may affect food but we’ll see, it could be,” he said.
Dominguez further cited efforts of the Chinese government to address further spread of 2019-nCoV.
“This is much better than what happened during the SARS (severe acute respiratory syndrome) and the MERS-COV (Middle East respiratory syndrome-related coronavirus) outbreaks so I think, we have to appreciate the Chinese government for these very good measures that they have taken,” he added. (PNA)
It’s women’s month!
“Support women every day of the year!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour