NCR Alert Level 2 to yield P7.2 billion in outputDevotees gather in Plaza Miranda fronting the Minor Basilica of the Black Nazarene in Quiapo, Manila as they attend the first Friday mass yesterday. MANILA, Philippines — Metro Manila’s shift to Alert Level 2 over the next two weeks is expected to yield some P7.2 billion in additional economic output. Based on estimates by the National Economic and Development Authority (NEDA), the National Capital Region (NCR) will gain P3.6 billion in economic output and provide 16,000 jobs on a weekly basis. The government has just approved the de-escalation of the alert level for Metro Manila to No. An Alert Level 2 for NCR will be a big boost for businesses,” he said in a statement yesterday.

Source: Philippine Star November 06, 2021 08:01 UTC