Pernia: 6-month Boracay closure to cost economy P1.96 billion

The six-month closure from tourists of Boracay Island starting Thursday, April 26, would 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 […]