Conscious Investing Today
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
Conscious Investing Today
No Result
View All Result
Home Politics News

Filipinos in metro may get P1,000-aid within 15 days, says official

by
April 4, 2021
in Politics News
0
Filipinos in metro may get P1,000-aid within 15 days, says official
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
PHILIPPINE STAR/ MIGUEL DE GUZMAN

ABOUT P23 billion worth of aid for Filipinos affected by a strict lockdown in the capital region and nearby provinces would be released to local governments starting Monday, according to the Interior and Local Government department.

The Treasury bureau would release the funds directly to local government units, Bernardo C. Florece, Jr., the agency’s officer-in-charge, told the ABS-CBN TeleRadyo at the weekend. The cash assistance should be given within 15 days, and 30 days if it is in kind, he said.

Each beneficiary will get P1,000, “provided that the assistance given to a family should not exceed the cap of P4,000,” the Social Welfare department said in a statement last week, citing the Budget department.

It added that local government may give the aid in cash or in kind.

President Rodrigo R. Duterte on Saturday extended the enhanced community quarantine in Metro Manila and the provinces of Bulacan, Rizal, Laguna and Cavite until April 11.

Mr. Florece said the government would intensify its “prevention, isolation, treatment and reintegration” efforts under the extension of the lockdown in Metro Manila.

He said agencies would deploy about 18,000 more contact-tracers in the metro to find people exposed to the coronavirus within 24 hours. “If it’s beyond 24 hours, our contact-tracing will not be efficient,” he said in Filipino.

The week-long lockdown, which the President declared last week to address a fresh surge in infections in the so-called National Capital Region Plus bubble, was set to end on April 4.

Presidential spokesman Herminio L. Roque, Jr. on Saturday said restrictions might be eased if cases go down. Health care use, the infection rate and other indicators would be used to assess the lockdown levels needed, he added.

“From the perspective of an entrepreneur, professional, employer, in my opinion, weekly announcements of quarantine status is not really ideal,” John Paolo R. Rivera, an economist at the Asian Institute of Management, said in a Viber message.

He said announcing changes in quarantine classifications weekly results in “extra uncertainty to an already uncertain situation.”

“It’s quite short for adjustments to be made immediately. One week may not be enough for all necessary adjustments to happen.”

Mr. Rivera said the weekly changes make workforce and non-workforce-related preparations more unmanageable during the pandemic.

Unstable government policies such as the unexpected announcements of changes in quarantine rules have negative effects on business and consumer confidence, he added.

“Basic economics also tells us of lagged effects and that investment is a function of confidence and if we cannot at least create a stable or predictable business environment for the purposes of planning, we cannot expect significant improvements,” Mr. Rivera said.

“A more structured approach will definitely help a lot in recovery,” he said.

“The consequent announcements of lockdowns or further restrictions will have a negative impact on the country’s economic growth,” Ruben Carlo O. Asuncion, chief economist at UnionBank of the Philippines, Inc. said.

ADVERTISEMENT

“Maybe some have already factored in this ‘dance’ with the virus, but I feel that many are not ready and do not readily adjust,” he said.

Philippine economic output slumped by a record 9.5% in 2020, as the government enforced one of the world’s longest and strictest lockdowns. — Kyle Aristophere T. Atienza





Related Posts

PSEi ends lower on profit taking, Wall Street’s drop
Politics News

PSEi ends lower on profit taking, Wall Street’s drop

June 29, 2022
PHL, US firms ink deal for weapons assembly in Bataan
Politics News

PHL, US firms ink deal for weapons assembly in Bataan

June 29, 2022
VP Robredo takes a bow with highest audit rating
Politics News

VP Robredo takes a bow with highest audit rating

June 29, 2022
Next Post
Nationwide round-up (04/04/21)

Nationwide round-up (04/04/21)

Renewable Energy,  a revisit

Renewable Energy, a revisit

Emirates hopes to see recovery by 2022

Emirates hopes to see recovery by 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Categories

  • Economic Indicators
  • Editor's Pick
  • Investing Ideas
  • Politics News
  • Stock Analysis

Popular News

  • A Minute With: Family Reunion cast on relatable story lines

    A Minute With: Family Reunion cast on relatable story lines

    0 shares
    Share 0 Tweet 0
  • Twitter launches ‘Milk Tea Alliance’ emoji as movement grows

    0 shares
    Share 0 Tweet 0
  • Gas and car bills to soar under green revolution

    0 shares
    Share 0 Tweet 0
  • Level up your gaming experience with vivo Y20s [G]

    0 shares
    Share 0 Tweet 0
  • Rehab, expansion of General Santos airport seen completed by Q2

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Highlights

5 Tips for Online Casino Promotions

What Is the Difference Between a Fire Door and a Normal Door?

How to save money when financing a car

4 tips for dining on your travels

Turkey lifts veto on Finland, Sweden joining NATO, clearing path for expansion

Ghislaine Maxwell sentenced to 20 years for ‘horrific’ sex trafficking

Trending

PSEi ends lower on profit taking, Wall Street’s drop
Politics News

PSEi ends lower on profit taking, Wall Street’s drop

by
June 29, 2022
0

Philippine shares ended lower on Wednesday due to profit taking and losses on Wall Street amid the...

PHL, US firms ink deal for weapons assembly in Bataan

PHL, US firms ink deal for weapons assembly in Bataan

June 29, 2022
VP Robredo takes a bow with highest audit rating

VP Robredo takes a bow with highest audit rating

June 29, 2022
5 Tips for Online Casino Promotions

5 Tips for Online Casino Promotions

June 29, 2022
What Is the Difference Between a Fire Door and a Normal Door?

What Is the Difference Between a Fire Door and a Normal Door?

June 29, 2022

Disclaimer: ConsciousInvestingToday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 ConsciousInvestingToday. All Rights Reserved.

No Result
View All Result
  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.