Business

Stella Quimbo: MECQ will cost PH P12B a day

Marikina City Rep. and long-time economics professor Stella Quimbo may have crossed over to politics but her number-crunching skills remains sharp as ever.

Based on her computations, bringing back Metro Manila, as well as Bulacan, Cavite, Laguna, and Rizal to modified ECQ would result in P12 billion of losses each day.

Multiply that to 14 days and you’ll get a whopping P168 billion. Still, she said the shift back to MECQ was justified.

“Though we stand to lose 12B pesos per day, I support the shift from GCQ to MECQ for NCR and others, given the recent spikes in new COVID cases,” Quimbo said in a statement.

“Our medical frontliners are in the best position to assess whether our health care system still has the capacity to care for our increasing number of COVID patients. When COVID data are questionable, ang pulso ng frontliners ang mas matimbang. Pakinggan natin sila,” she added.

However, she did draw the line in enforcing a blanket lockdown of Metro Manila, saying four areas in the region did not deserve it.

“Dapat ma-reward ang LGUs na napabagal ang pagkalat ng virus sa pamamagitan ng pag-lift ng MECQ. Lugi naman ang mga masisipag na LGUs kung pati sila magdurusa ang kanilang ekonomiya sa kapalpakan ng iba. It’s time to stop this shotgun approach,” Quimbo said.

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