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