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MANILA - Placing the National Capital Region Plus back on Alert Level 3 due rising coronavirus disease 2019 (Covid-19) cases is seen to result in a weekly gross value added (GVA) loss of around PHP3 billion, economic managers said. The inter-agency Development Budget Coordination Committee (DBCC), in a statement issued on Friday, however, believes that "this is a temporary setback and is a necessary adjustment in view of the new Covid variant." "As we previously said, we are in a better position to manage possible spikes. We have enough vaccines and funding for booster shots; we have increased hospital capacity; we now resort to granular lockdowns; and, from all indications, the Omicron variant results in less severe cases, especially to those who are fully vaccinated," the statement said. GVA is the value of output less the value of intermediate consumption. It is a measure of the contribution to Gross Domestic Product by an individual producer, industry, or sector ....
EXCHANGE. University of the Philippines Visayas Chancellor Dr. Clement Camposano (left) hosts a dialogue with Regional Task Force to End Local Communist Armed Conflict in Region 6 officials at the Miagao, Iloilo campus on Oct. 29, 2021. He said UP welcomes all ideas and communication even if the State University does not agree with all of them. (Photo courtesy of Clement Castigador Camposano Facebook) MANILA - The recent dialogue between the University of the Philippines Visayas (UPV) and the Regional Task Force to End Local Communist Armed Conflict in Region 6 (RTF-ELCAC 6) was an opportunity to exchange ideas and promote freedom of expression. As for those who opposed the talk, a former UP student who joined and eventually turned her back on the New People's Army (NPA) had this to say in response to their negative reactions: What's wrong with the dialogue? "NTF-ELCAC not welcome? So, who's welcome?" asked Alma Gabin, a former NPA cadre and organizer in Eastern V ....