Central bank says 70% of PH economy can move forward
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said at least 70 per cent of the Philippine economy can now move forward despite the threat of COVID-19.
“There are some activities that may not be able to take off at this time but there are some [that are] ready. Maybe about 70 percent of the economy can move forward,” the central bank chief said in a press briefing on Thursday.
Diokno’s optimism is based on his assessment that the different levels of community quarantine imposed by the government in various areas in the country since March 17 were effective. He said the country was able to minimize the fatalities and the lockdown worked, so they’re slowly opening up the economy.
Related news
- Over 70% of PEZA firms enjoying tax perks resume operations · 3 Jul
- Bacolod City still ‘Center of Excellence’ for IT-BPO · 3 Jul
- PEZA assures stakeholders of ‘unhampered’ Mactan ecozone operations · 2 Jul
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
