ASEAN HEADLINES: MANILA- ‘Philippine economy in bad shape’

Duterte says we’re losing P2 billion/day as global virus curbs bite hard

The Philippines is “sinking deeper and deeper” and losing P2 billion each day due to restrictions meant to curb the spread of the coronavirus disease 2019 (COVID-19), President Rodrigo Duterte said Monday night.
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“According to the Secretary of Finance, every day until COVID is done, every day we are losing P2 billion that is supposed to be money for the people,” Duterte said in his weekly televised briefing.
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“The workers, the Filipino workers would have earned that money if our economy was moving,” he added.
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“So, we are sinking deeper and deeper, but not just us. If it’s not us, it’s everyone.
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Pero we (in government) are trying our very best to keep us afloat,” Duterte said in Filipino.
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He said Filipinos should not stress their poverty amid the global pandemic, but instead keep their faith in the government that is moving, through vaccine czar Secretary Carlito Galvez, to inoculate the country as soon as possible.
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“Ang ekonomiya natin, mga kababayan ko, is masama talaga. Biro mo naman, ilan taong walang trabaho? Ilang…
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The economy of the Philippines is really — is in bad shape. But as I have said, it is not only the Philippines who suffers.
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We, in the world, are suffering with everybody,” the President said.
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“Huwag naman masyado ninyong idiin ‘yang bayan ninyo na talagang pobre na ganoon kung ganoon.
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Nabubuhay pa naman tayo.
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Let us just hope for the best.
The problem is ‘yung bakuna (vaccine),” he added.
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“So just keep your faith in government, tutal si Galvez ‘yon naman ang trabaho niya.
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Ako ang trabaho ko, may trabaho — may trabaho kami kanina,” Duterte said.
READ MORE: https://aseanews.net/2021/02/02/headline-manila-philippine-economy-in-bad-shape/

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The coronavirus COVID-19 is affecting 219 countries and territories around the world and 2 international conveyances.

 COVID-19 infection crosses 103.4 million globally as deaths cross more than 2.23 million. 
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The update-2.1.2021 Sick Earth Plague Day 432
 (1 Year, 2 Months, 1 Days)
Coronavirus Covid-19
Cases Globally:103,383,132:
Deaths:  2,234,477:
Recovered: 74,980,218.

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