Philippines has resources to endure coronavirus, finance chief says

📆 8/8/2020 4:24 AM
📰 The Straits Times

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

MANILA (BLOOMBERG) - The Philippines has resources for a 'protracted' fight against the coronavirus pandemic and its effects on the economy, which contracted by a record in the second quarter, according to Finance Secretary Carlos Dominguez.. Read more at straitstimes.com.

MANILA - The Philippines has resources for a"protracted" fight against the coronavirus pandemic and its effects on the economy, which contracted by a record in the second quarter, according to Finance Secretary Carlos Dominguez.

"We have the resources necessary to endure this challenge, but we must also conserve our resources for succeeding rounds of this fight," Mr Dominguez said."Government's ability to sustain the fight depends on our fiscal stamina." Rising infections pushed government on Tuesday to reinstate restrictions in the capital region and four neighbouring provinces for two weeks.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus: Extending Britain's furlough would trap people in false hope, finance minister saysLONDON (REUTERS) - Extending Britain's furlough scheme would leave some workers trapped in false hope that they could return to their jobs after the coronavirus pandemic, British finance minister Rishi Sunak said on Friday (Aug 7).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »