Pernia sees P1.96-B revenue loss in Boracay Shutdown
Excerpt
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.
Citation
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.
Associated content
Online versionSubject
Economic; Absorption coefficient; Socioeconomic aspects; Tourism; Economic analysis; Restoration; Environmental restoration; Programmes; Cleaning; Personnel; National Economic and Development Authority (NEDA); Development Budget Coordination Committee (DBCC); Department of Tourism (DOT); Department of Social Welfare and Development (DSWD); Philippine Coast Guard (PCG); The Kalikasan People’s Network for the Environment (PNE); Pernia, Ernesto; Duterte, Rodrigo; Cimatu, Roy; Balilo, Armand; Palabrica, Ramil; Dulce, Leon; Villanueva, Rhodina; Mateo, Janvic; Porcalla, Delon; Romero, Alexis; Talavera, Catherine; Simeon, Louise Maureen; Romero, Paolo; Rendon, Jennifer; Leyco, Emmanuel
Collections
- The Philippine Star [1612]
Related items
Showing items related by title, author, creator and subject.
-
High-quality accommodations, services in Boracay pushed
Valencia, Czeriza; Rendon, Jennifer; Romero, Alexis; Talavera, Catherine; Felipe, Cecille Suerte (The Philippine Star,October 29, 2018 , on page 4)The regional development office of the National Economic and Development Authority (NEDA) has proposed increasing the per capita spending of tourists in Boracay Island via high-quality accommodations and tourism services ... -
Senate sets Benhan Rise hearing
Romero, Paolo; Cervantes, Ding (The Philippine Star,March 27, 2017 , on page 1-16)The Senate committee on economic affairs will resume on Wednesday its hearings on Benham Rise to tackle security and environmental concerns following reports of suspicious Chinese activities in the area. The scheduled ... -
'Chinese reseach in Benham still a mystery'
Romero, Paolo (The Philippine Star,March 30, 2017 , on page 10)What a Chinese research vessel did during its three month expedition at Benham Rise last year remains a mystery to the Philippine government, even as security officials have maintained the incident did not pose any threat ...