As a result, production in the services sector is expected to further dip, extending the downtrend in recent months. The figured for March and April, when the country’s daily virus cases spiked, dropped 5 percent and 6.1 percent from a year earlier, respectively, according to Statistics Korea.
If the ongoing second wave of COVID-19 infections requires Level 3 social distancing, the local economy will show a state of panic, experts say. Under Level 3 social distancing, which is tantamount to a lockdown, gatherings of 10 or more people are banned, businesses must shut down and even public facilities, including schools and kindergartens would be closed. Private companies would be advised to order workers to work from home.
Source: Financial Digest (financialdigest.net)
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:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Duque: Going back to stricter lockdown will ‘damage PH economy beyond repair’MANILA, Philippines — Health Secretary Francisco Duque III believes the Philippines can no longer afford to revert to stricter coronavirus disease (COVID-19) lockdown measures as it will damage the khallareINQ But your focus is for the health sector, I don't think you should be focusing more on economy here and fight a better solution to find balance. khallareINQ stop trying to be an economist and at least try to be a doctor khallareINQ pa bobo ka kase. no sense of urgency 🤡🤡🤡
Source: inquirerdotnet - 🏆 3. / 86 Read more »
3 poachers arrested for killing endangered tamaraw in Mindoro escapeForest rangers catch the poachers drying tamaraw meat inside the Mounts Iglit-Baco Natural Park.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
How to meet new people, even at a distance
Source: ANCALERTS - 🏆 26. / 50 Read more »
Pag-hoard, paglalagay ng 'patong' sa distance learning gadgets tinututukansana isama ung sa online sellers ng PLDTHome wifi. Grabe halos doble or triple ang presyo ng resellers.🙏🏻🙏🏻
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Berlin halts 'anti-corona' rally as European cities protest masksSome 18,000 people massed in Berlin's iconic Brandenburg Gate, but the police stops the protest as many were not respecting social distancing measures.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
‘Julian’ intensifies into typhoon, rains expected in Luzon, VisayasTyphoon Julian will swirl over the Philippine Sea and a safe distance away from land mass but will is still expected to trigger rains over parts of Luzon and the Visayas areas on Sunday, the state weather bureau said. | CMarquezINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »