Philippines to lose over $789 billion in 40 years due to coronavirus Sep 26, 2021 0 0 12345 Manila: The Philippines’ economic losses due to the Covid-19 pandemic and lockdowns are estimated to be more than 40 trillion pesos ($789 billion) in the next 40 years, the country’s chief economist said on Saturday. In the first year of the pandemic alone, the Philippines lost 4.3 trillion pesos due to lost revenues, productivity and investments, Socio-Economic Planning Secretary Karl Kendrick Chua said.“The present and future costs are estimated at 41.4 trillion pesos in net present value terms,” Chua said in a statement, citing an assessment by the National Economic and Development Authority with the assistance of development partners. “We expect the economy to converge to the pre-pandemic growth path by the tenth year,” he added. (dpa) Pages 12 RELATED ARTICLES Palestinian killed by Israeli forces in West Bank settlement clashes Sep 26, 2021 0 0 Quad leaders to strengthen focus in Indo-Pacific region Sep 26, 2021 0 0 At least 15 killed by suicide bomb attack in Somalia Sep 26, 2021 0 0 More than 350,000 dead in a decade of war in Syria: UN dpa Beirut More than than 350,000 people have been killed in the conflict in Syria, which has been ongoing for 10 years, the United Nations said on Friday. “We assess this figure of 350,209 as statistically sound, based as .. Singapore tightens curbs after third consecutive daily virus record Bangkok: Singapore’s Health Ministry reported a record number of coronavirus cases for the third consecutive day on Friday, along with three related deaths, prompting the government to tighten restrictions. The .. One dead, nine missing in sea accidents in Philippines Manila: One passenger ship crew member drowned while nine fishermen were missing in two separate sea accidents in the Philippines, the coast guard said Saturday. The crew member of MV Lite Ferry 3 was trapped inside the ..