MANILA, Sept. 25 (Xinhua): The Philippines' Department of Health (DOH) reported 16,907 new coronavirus disease (COVID-19) infections on Saturday, bringing the total number of confirmed cases in the Southeast Asian country to 2,470,235.
The country's Covid-19 death toll remained at 37,405. The DOH has not updated the number of deaths since Friday due to technical issues.
The Philippines has recorded less than 20,000 daily cases since Sept 19. On Sept. 11, the DOH reported the highest ever daily tally, with 26,303 cases.
The Philippines, which has around 110 million population, has tested more than 19 million people since it was hit by the coronavirus outbreak in January 2020.
In an earlier statement, the National Economic and Development Authority (NEDA) of the Philippines said Saturday that the long-run cost of the Covid-19 pandemic to the country would reach 37 trillion pesos (US$730.04 billion) in the next 10 to 40 years.
"Broken down, in 2020, we lost 4.3 trillion pesos (US$84.84 billion); in the next 10 to 40 years, we estimate that we will lose up to 37 trillion pesos (US$730.04 billion)," Socioeconomic Planning Secretary Karl Kendrick Chua said in a statement.
Chua added that consumption and investment are likely to be lower in the next 10 years due to the reduced demand in sectors that require social distancing, such as tourism, restaurants, and public transportation.
Consequently, tax revenues will be lower if businesses cannot operate at 100 per cent.