Halted: A man walks by docked fishing boats in the city of Navotas in the Philippines. The Philippine economy was one of Asia’s fastest growing before the pandemic but is now on the brink of recession. — AP
MANILA: The Philippines stock market tumbled yesterday after the government reimposed coronavirus lockdown measures in and around Manila in response to fresh outbreaks, dashing hopes of a swifter economic recovery.
The restrictions, due to take effect today, are being reinstated after a group of doctors and nurses warned that the healthcare system could collapse as a result of surging Covid-19 cases.
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