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BEIJING, June 17 (Xinhua) Chinese President Xi Jinping will host the 14th BRICS Summit in Beijing on June 23, a Chinese Foreign Ministry spokesperson announ
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(File photo) MANILA - A lawmaker on Thursday said placing the entire country under the lowest Covid-19 alert level is the best way to strengthen the domestic economy and cushion the impact of the Russia-Ukraine tension. Camarines Sur Rep. Luis Raymund Villafuerte said the "deepening fallout" from the Russia-Ukraine conflict, particularly the threat of inflation with global oil prices possibly rising to USD200 a barrel, could crush prospects for a "return to pre-pandemic growth" within the year. "Hence, the full reopening alone of the economy by placing the entire country under Alert Level 1 status will guarantee greater economic activity, revive shuttered businesses and restore or create jobs at this point when our country is already on the road to recovery on the back of declining Covid-19 infections, a faster coronavirus vaccine rollout and improving economic indicators," Villafuerte said. He said the key to economic resilience is risk management, which