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July 27th, 2020 10:47 AM #2601
7 million unemployed and many closures still on the way...can we see the D word on the horizon...??
ECOP reports 52% of businesses closing
Employers said that 52.66 percent of micro, small, and medium enterprises (MSMEs) have closed down permanently and partially due to the prolonged lockdown the Duterte administration has imposed since March this year.
In addition, the survey also showed that 12.55 percent of MSMEs have limited operation while 34.79 percent have managed to continue their operations as of end April.
Aside from local employment, Lacson said that thousands of overseas Filipino workers are awaiting repatriation. “It will swell unemployment figure,” he warned. “The Philippine economy is consumption driven and the fear of COVID-19 instilled in them will depress demand again leading to production cutback, loss of jobs and economic hardship,” he said.
The survey also showed that 17.7 percent or about 8 million workers have been rendered jobless.Last edited by Monseratto; July 27th, 2020 at 11:03 AM.
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July 27th, 2020 11:30 AM #2602
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July 27th, 2020 01:38 PM #2603
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July 27th, 2020 01:55 PM #2605
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July 27th, 2020 02:29 PM #2607
Ano kaya ang marami bad debts sa mga banks ngayon? Car? Housing? Or sa mga big business dahil humihingi restructuring?
dami talaga in a bad situation because of this pandemic.
Before this ang kayang kaya mga loans then biglang dumating ito. For cars. I think one can easily give it up pero paano pag bahay?
Tapos paano pag dual income then biglang naging single income household na lang?
Then with all the bills knocking on the door. Paano? Can't imagine what a lot of people are going through right now.
Sent from my iPhone using TapatalkLast edited by shadow; July 27th, 2020 at 02:34 PM.
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July 27th, 2020 02:41 PM #2608
Paano makaka generate ng jobs para sa mga nawalan ng trabaho? Sino ba mga nawalang karamihan mga rank and file sa Office?
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July 27th, 2020 02:46 PM #2609
i guess all kinds of loans... from business loans to consumer loans
ito Philippine Chamber of Commerce
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July 27th, 2020 02:58 PM #2610
noong ECQ automatic walang sweldo mga no work no pay
ung transition from EQC to GCQ di lahat na-hire back
madami naging permanent ang job loss specially mga business not allowed to open kahit GCQ
kahit mga business na allowed to open hindi full workforce... 50% lang tapos reduced hours
wala... survival talaga priority for 2020
physical and financial survival
An EV for city driving sounds very good in theory and we've been seriously considering them...
All New Toyota Corolla Cross