Pernia sees P1.96-B revenue loss in Boracay Shutdown

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April 25, 2018
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PS20180425_2
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The Philippine economy might lose around P1.96 billion due to the closure of Boracay Island, the National Economic and Development Authority (NEDA) said yesterday. During a press briefing with the Development Budget Coordination Committee (DBCC), Socioeconomic Planning Secretary Ernesto Pernia said the closure of Boracay would lead to a reduction in gross domestic product (GDP) amounting to P980 million per quarter. Earlier, NEDA said the six-month closure of Boracay would decrease GDP growth by 0.1 percentage point.
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Padin, M. G., Villanueva, R., Mateo, J., Porcalla, D., Romero, A., Talavera, C., Simeon, L. M., Romero, P., & Rendon, J. (2018, April 25). Pernia sees P1.96-B revenue loss in Boracay Shutdown. The Philippine Star, p. 2.
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http://hdl.handle.net/20.500.12174/603
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