finance

Duterte Says Philippines Can’t Totally Reopen Yet as Cases Spike


2/2
© Bloomberg. Rodrigo Duterte, the Philippines’ president, speaks at the Future of Asia conference in Tokyo, Japan, on Friday, May 31, 2019. Trade tensions between U.S. and China are creating uncertainty and causing “downward stressors” to global economy, Duterte said.

2/2

(Bloomberg) — Philippine President Rodrigo Duterte said he will “have to be very circumspect in reopening the economy” given the recent spike in coronavirus cases.

The firebrand leader said he can’t emulate the “devil-may-care attitude” of Donald Trump and Jair Bolsonaro because the Philippines is poor. “We cannot afford really a total epidemic or pandemonium,” he said in an address aired on Wednesday.

The Philippines will continue to limit the number of people that can go out, Duterte said, encouraging Filipinos to remain patient. The nation has the second highest number of infections in Southeast Asia after Indonesia, and has the fastest rise in cases since June 1 when the capital region reopened.

Philippines Lifts Travel Ban Even as Virus Cases Jump

The president’s comments came after Finance Secretary Carlos Dominguez and central bank Governor Benjamin Diokno both backed further easing of virus curbs to reignite an economy facing its deepest contraction in three decades.

Covid-19 cases climbed 1,540 to 47,873 on Tuesday, including 1,309 deaths.

©2020 Bloomberg L.P.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply