MANILA: The Philippines stock market tumbled on Monday after the government reimposed coronavirus lockdown measures in and around Manila in response to fresh outbreaks, dashing hopes of a swifter economic recovery.
The restrictions, due to take effect from Tuesday, are being reinstated after a group of doctors and nurses warned that the health care system could collapse as a result of surging COVID-19 cases.
“It’s a bitter but necessary pill given the plight of our medical frontliners,” said Francis Lim, president of the Management Association of the Philippines. “We hope the government will deep dive into our COVID-19 strategy and find more effective ways to execute it.”
The Philippine economy had been one of Asia’s fastest growing before the pandemic but is now on the brink of recession. The main stock index fell as much as 3.9% on Monday, its lowest in more than two months.
Quarterly growth data is due on Thursday and economists expect a deeper contraction compared with the 0.2% contraction decline in the first quarter as the pandemic-induced lockdown shuttered businesses and sapped domestic consumption, a main driver of growth.
“We reiterate that the Philippines is indeed headed into a severe crash landing with the probability of the economy returning to its former glory any time soon now declining by the day,” said Nicholas Mapa, economist at ING bank.
The country recorded a single-day record of 5,032 new infections on Sunday, taking total confirmed cases of COVID-19 to around 103,000.
Case numbers have grown exponentially since authorities relaxed a previous lockdown in June and the Philippines is now close to overtaking Indonesia as the country with the highest number of infections in Southeast Asia.
The government announced late on Sunday it was placing metro Manila and nearby provinces such as Laguna, Cavite, Rizal and Bulacan under so-called “Modified Enhanced Community Quarantine” for two weeks from Tuesday.
Public transport will be barred, working from home will be instituted where possible, and only one person per household allowed out for essential goods.
Philippine economy fears as coronavirus curbs reintroduced
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Philippine economy fears as coronavirus curbs reintroduced
- The Philippine economy had been one of Asia’s fastest growing before the pandemic but is now on the brink of recession
- The country recorded a single-day record of 5,032 new infections on Sunday
Tensions flare in Minnesota as protesters and federal agents repeatedly square off
- The Trump administration has repeatedly defended the immigration agent who shot Good, saying he acted in self-defense
- With the Department of Homeland Security pledging to send more than 2,000 immigration officers into Minnesota, the state, joined by Minneapolis and St. Paul, sued President Donald Trump’s administration Monday to halt or limit the surge
MINNEAPOLIS: Federal officers dropped tear gas and sprayed eye irritant at activists Tuesday during another day of confrontations in Minneapolis while students miles away walked out of a suburban school to protest the Trump administration’s bold immigration sweeps.
The government’s immigration crackdown is next headed to a federal court where Minnesota and two mayors are asking a judge to immediately suspend the operation. No hearing has been set on the request.
Gas clouds filled a Minneapolis street near where Renee Good was fatally shot in the head by an immigration agent last week. A man scrubbed his eyes with snow and screamed for help while agents in an unmarked Jeep sprayed an orange irritant and drove away.
It’s common for people to boo, taunt and blow orange whistles when they spot heavily armed agents passing through in unmarked vehicles or walking the streets, all part of a grassroots effort to warn the neighborhood and remind the government that they’re watching.
“Who doesn’t have a whistle?” a man with a bag of them yelled.
Brita Anderson, who lives nearby and came to support neighborhood friends, said she was “incensed” to see agents in tactical gear and gas masks, and wondered about their purpose.
“It felt like the only reason they’d come here is to harass people,” Anderson said.
Separately, a judge heard arguments and said she would rule by Thursday or Friday on a request to restrict the use of force, such as chemical irritants, on people who are observing and recording agents’ activities. Government attorneys argued that officers are acting within their authority and must protect themselves.
In Brooklyn Park, Minnesota, students protesting the immigration enforcement operation walked out of school, as students in other communities have done this week.
With the Department of Homeland Security pledging to send more than 2,000 immigration officers into Minnesota, the state, joined by Minneapolis and St. Paul, sued President Donald Trump’s administration Monday to halt or limit the surge.
The lawsuit says the Department of Homeland Security is violating the First Amendment and other constitutional protections by focusing on a progressive state that favors Democrats and welcomes immigrants.
“This is, in essence, a federal invasion of the Twin Cities in Minnesota, and it must stop,” state Attorney General Keith Ellison said.
Minneapolis Mayor Jacob Frey said: “What we are seeing is thousands — plural — thousands of federal agents coming into our city. And, yeah, they’re having a tremendous impact on day-to-day life.”
Dozens of protests or vigils have taken place across the US to honor Good since the 37-year-old mother of three was killed.
Homeland Security says it has made more than 2,000 arrests in the state since early December and is vowing to not back down. Spokesperson Tricia McLaughlin, responding to the lawsuit, accused Minnesota officials of ignoring public safety.
“President Trump’s job is to protect the American people and enforce the law — no matter who your mayor, governor, or state attorney general is,” McLaughlin said.
The Trump administration has repeatedly defended the immigration agent who shot Good, saying he acted in self-defense. But that explanation has been widely panned by Frey, Minnesota Gov. Tim Walz and others based on videos of the confrontation.
Two Democratic lawmakers from Massachusetts announced Tuesday they are sponsoring a bill to make it easier for people to sue and overcome immunity protections for federal officers who are accused of violating civil rights. The bill stands little chance of passage in the Republican-controlled Congress.
In Wisconsin, Lt. Gov. Sara Rodriguez is proposing that the state ban civil immigration enforcement around courthouses, hospitals, health clinics, schools, churches and other places. She is hoping to succeed Gov. Tony Evers, a fellow Democrat, who is not running for a third term.
“We can take a look at that, but I think banning things absolutely will ramp up the actions of our folks in Washington, D.C.,” Evers said, referring to the Trump administration. “They don’t tend to approach those things appropriately.”
