Tuesday 22 May 2018
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27 days ago

6-month Boracay closure to cost economy P1.96B

The six-month closure of Boracay Island from tourists starting Thursday, April 26, will cost the economy about P1.96 billion, which the country s chief economist said Tuesday would be compensated for by an increase in arrivals in other domestic tourist spots. Citing an earlier estimate of the state planning agency National Economic and Development Authority, Socioeconomic Planning Secretary and Neda director general Ernesto M. Pernia told a press briefing that the temporary closure of the popular tour

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