Businessmirror April 27, 2019

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BusinessMirror BORACAY REDUX

2018 EJAP JOURNALISM AWARDS

DEPARTMENT OF SCIENCE & TECHNOLOGY

BUSINESS NEWS SOURCE OF THE YEAR

PHILIPPINE STATISTICS AUTHORITY

2018 BANTOG DATA MEDIA AWARDS CHAMPION

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A broader look at today’s business n

Saturday, April 27, 2019 Vol. 14 No. 199

P25.00 nationwide | 18 pages | 7 DAYS A WEEK

Businessmen, workers, tourists look back on the game-changing semester when the globally acclaimed island resort was closed to the world

By Ma. Stella F. Arnaldo | Special to the BusinessMirror

A

Workers in the resorts, numbering about 30,000, went home to their own provinces or started looking for jobs abroad. The actual losses from per­ sonal and business incomes have yet to be fully quantified, although a recent study by the Philippine Institute for Development Stud­ ies (PIDS) estimated economic loss between some P21 billion and P83 billion, while the loss in compensa­ tion, possibly ranging from P7 bil­ lion to about P28 billion. The closure has led to a 53-per­ cent fall in tourist arrivals on the island last year to 930,363 from 2 million in 2017, as per data from

Photos by Bernard Testa

YEAR ago on April 26, Boracay Island was closed off to tourists, as the Duterte administration put it under a state of calamity, due to the environmental damage it sustained in several areas. For six months, the island was like a ghost town, with very few residents remaining, trying to eke any sort of livelihood. Those who

could afford to stay helped out by keeping their establishments open to provide food for the residents and keep their staff employed.

the Department of Tourism (DOT). The island was reopened last October 26, as the first phase of the government’s rehabilitation pro­ gram was completed. As of April 8, 2019, the DOT has accredited 339 establishments with a total of 12,083 rooms.

Improvements made

IN a news conference on Thurs­ day, Environment Secretary Roy A. Cimatu, who chairs the Boracay Inter-Agency Task Force (BIATF), asserted that there have been defi­ nite improvements on the island since its closure one year ago. “A Continued on A2

Govt forces shift to ‘subtle’ security mode to fight IS-affiliated groups, secure May polls

P

By Rene Acosta

OLICE and the military forces have tightened security and beefed up their intelligence efforts anew, especially in Mindanao, in the aftermath of the Easter Sunday bombings in Sri Lanka, and following President Duterte’s warning to foreigners to forgo travel plans to Zamboanga, citing risks posed by Abu Sayyaf Group (ASG) bandits. The measures were adopted by security forces as they digested the hard lessons of the bombings in the South Asian country, where

359 lives have been lost so far, and 500 people were wounded in an at­ tack largely blamed by Sri Lankan officials on the failure of intelli­

PESO EXCHANGE RATES n US 52.2460

PHILIPPINE National Police Chief Oscar Albayalde (center) talks to reporters at Camp Crame on April 15, 2019. AP/AARON FAVILA

gence. Philippine security officials were also taking into consideration Duterte’s concern for the security of foreigners in Mindanao. “We have made security ad­ justments, and number one, we have intensified our intelligence gathering and monitoring. This is an automatic response in cases like that,” Philippine National Police (PNP) Chief General Oscar Alba­ yalde said in reaction to the attack. Albayalde said that they do not want to take chances, given that Jolo had also been attacked early this year by an Indonesian couple who turned up to be suicide bomb­ ers in an incident claimed by the Islamic State (IS). The coordinated bombings in Sri Lanka, officials said, were car­ ried out by suspects who were welleducated and with middle-class backgrounds. Continued on A2

n JAPAN 0.4681 n UK 67.4026 n HK 6.6612 n CHINA 7.7461 n SINGAPORE 38.3400 n AUSTRALIA 36.6401 n EU 58.1707 n SAUDI ARABIA 13.9330

Source: BSP (April 26, 2019 )


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