Philippines needs 'sizable' new COVID-19 budget fast: Nomura


Posted at May 11 2020 10:13 AM | Updated as of May 11 2020 10:38 AM

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MANILA -- The Philippines needs to deploy a "sizable" supplementary budget fast to counter the economic fallout from the COVID-19 pandemic, an analyst said Monday.

The country needs to catch up with its Southeast Asian peers in terms of spending to preserve jobs, Nomura Southeast Asia economist Euben Paracuelles told ANC's Market Edge.