Concepcion: Maintain Alert Level 1 to brace for Russia-Ukraine impact
Presidential Adviser for Entrepreneurship Joey Concepcion recommends maintaining Alert Level 1 status to help the Philippines prepare for potential economic impacts of the Russia-Ukraine conflict.
Concepcion says consistent growth can address elevated debt levels and sustain economic activities.
He emphasizes the need to continue vaccination efforts, boosters, and controlling Covid indicators to support mobility and keep businesses afloat.
The adviser notes that the crisis has disrupted raw material flows in the global market, pushing up prices of petroleum and wheat.
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