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
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- The Philippine Star [1612]
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