FINEX welcomes more relaxed NCR alert level – Manila bulletin


The Institute of Financial Executives of the Philippines (FINEX) hailed the government’s decision that lowered the quarantine status of Metro Manila to a more relaxed alert level.

In a statement, Francisco Ed Lim, president of FINEX, said moving the National Capital Region (NCR) to Alert Level 2 would give a much needed boost to the struggling economy.

Lim added that Metro Manila’s departure from Restrictor Alert Level 2 is “really positive news” given that the region accounts for more than 30 percent of the country’s economy, or gross domestic product (GDP).

“Even more significantly, it will help restore jobs and incomes for our compatriots and allow them and their families to enjoy the Christmas season,” Lim said.

The National Economic and Development Authority said earlier that extended community quarantine restrictions had a greater impact on workers, as the number of unemployed Filipinos reached 4.25 million in September, leading to a unemployment rate of 8.9%.

The latest unemployment rate is the highest since the 8.7% recorded in January 2021. It is also higher than the 8.1% recorded in August.

On November 4, the interagency working group approved the de-escalation of the NCR alert level from November 5 to 21, 2021.

The private sector is calling for a change in the alert level of Metro Manila.

Below Alert Level 2, indoor sites can handle a maximum capacity of 50% for fully vaccinated people and those under 18, even if they are not vaccinated. External sites, on the other hand, are allowed to accept up to 70% of their capacity.

“We find that the guidelines primarily limit the benefit of the declaration to fully immunized people. With this in mind, we hope the government will continue its efforts to vaccinate as many people as possible as soon as possible, ”Lim said.

Currently, more than 61 million COVID-19 vaccines have been administered nationwide. In Metro Manila, at least 88 percent of targeted residents are fully immunized.

“We strongly urge our compatriots to get vaccinated not only for the good of their families but also for the good of the country,” Lim said.

“We also urge our people to continue to respect the health protocols put in place by the government. This is the perfect time to show that the spirit of Christmas is truly in our hearts, ”he concluded. ###



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