Manila Bulletin
FINEX lauds NCR’s more relaxed alert level
The Financial Executives Institute of the Philippines (FINEX) supports the government's decision to lower Metro Manila's quarantine status to Alert Level 2.
FINEX president Francisco Ed Lim stated that this move is positive for the economy, especially considering NCR's significant contribution to the GDP.
He added that the shift will help restore jobs and income for Filipinos during the Christmas season.
The NCR is under Alert Level 2 from November 5 to November 21, allowing indoor operations at 50% capacity (up to 60% with safety seals) and outdoor operations at 70%.
The National Economic and Development Authority (NEDA) projects an economic gain of P3.6 billion weekly with this shift.
FINEX also hopes the government will continue its vaccination efforts to ensure the benefits of Alert Level 2 reach more people, as the guidelines primarily apply to the fully vaccinated.
The new article also highlights that the previous prolonged community quarantine restrictions led to 4.25 million jobless Filipinos in September, the highest since January 2021.
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Speaker Lord Allan Velasco supports the proposal to downgrade Metro Manila's COVID-19 alert status to Level 2 by mid-November, citing a decline in infections and high vaccination rates.
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Metro Manila will be under Alert Level 2 from November 5 to November 21, 2021.
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The Philippine Chamber of Commerce and Industry (PCCI) supports the proposal to lower the alert level in the National Capital Region (NCR) to Alert Level 2.
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Metro Manila will remain under Alert Level 2 until November 30.
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Malacañang stated that the easing of COVID-19 Alert Level in Metro Manila is possible if the downtrend in cases and healthcare utilization continues, but urged the public not to let their guard down.
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