Palace expects P9.4B weekly boost with Alert Level 1
Malacañang expects PHP9.4 billion in weekly economic activity following the shift of Metro Manila and 38 other areas to Alert Level 1 from Tuesday.
Alert Level 1 allows establishments to operate at full capacity, while some areas are de-escalated to Alert Level 2.
Socioeconomic Planning Secretary Karl Chua projects an additional PHP9.4 billion in economic activity per week and a reduction of 170,000 unemployed individuals over the next three months if Alert Level 1 continues.
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