New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines



Page 171 of 355 FirstFirst ... 71121161167168169170171172173174175181221271 ... LastLast
Results 1,701 to 1,710 of 3550
  1. Join Date
    Sep 2003
    Posts
    21,876
    #1701
    Example natin what may happen...

    Labour crunch and supply delays: Some construction firms in Singapore feeling the strain of COVID-19 - CNA


    SINGAPORE: Construction firms in Singapore are starting to feel the strain from labour shortages and supply chain disruptions caused by the outbreak of COVID-19, with some seeking deadline extensions for their projects.

    Over at Teambuild Construction Group, it has seen a “significant impact” as many of its workers with expertise in areas such as reinforced concrete works, are from China.

    Adding to its manpower woes, there has been a “sharp rise” in the number of Bangladeshi and Indian workers requesting to return home, a company spokesperson told CNA.

    “The workers are very worried about catching the disease here,” he said.

    Besides labour woes, industry players also have to contend with the issue of late deliveries of machinery and raw materials such as tiles and steel coils, as factories in China were shut for an extended period after Chinese New Year and have been slow to restart.

    Nearly two thirds of those surveyed by the Singapore Contractors Association Limited (SCAL) said their supplies of materials and equipment have been “severely or very severely affected”. The poll done by the association last week involved 133 of its members.

    Not just construction raw materials, companies are also facing a shortage of face masks, including the N95-type masks, which workers don as part of their protective gear during operations such as cutting and cement mixing, said SCAL’s president Ng Yek Meng.

    Teambuild Construction Group, for instance, said it is "currently seeking all possible assistance" to request for extension of time (EOT) as the impact has been "substantial".

    It is not alone. A Feb 18 report by Reuters said some local construction firms are seeking legal advice on invoking the force majeure clause in their building contracts. Force majeure refers to unexpected external circumstances that prevent a party from meeting contractual obligations.

    Ms Spring Tan, partner at Withers KhattarWong, said the law firm has spoken to four clients with “preliminary inquiries, not specifically on the option of invoking force majeure but whether they can get EOT to complete their projects”.

    These companies either employ Chinese workers or subcontractors, or have factories in China that have had to close. Unable to meet production and delivery deadlines, they are concerned, said Ms Tan.

  2. Join Date
    Sep 2003
    Posts
    21,876

  3. Join Date
    Feb 2008
    Posts
    14,181
    #1703
    I am not convinced that PAL's business model (full service) will work here. Our country is poor and the market for travel is small vs our neighbors. You see when it comes to domestic travel why bother with PAL na meron naman Cebu Pacific and Air Asia for fraction of the price. Tutal who needs food and good service we are talking here of a 1 hr flights mostly (Manila-Cebu) and maximum of 2 hr flight if you fly from North to the South of the Philippines.

    As for international flights same idea... If we are talking about flights that are 3 hours or less (South East Asia, parts of China and Taiwan) then again what is 3 hours of torture if you sve money to spend more on your vacation...

    As for long haul naman like USA and Canada there are the regional airlines with advantage of a larger market and a much better hub. Cathay, EVA Air and ANA come into mind. They offer cheaper fares because of their hub and spoke model on long haul vs PAL's direct flight. So if di ka naman masyado naaabala sa idea of a 2-3 hr layover in a nice airport then might as well save $200-$250 on your ticket. Same with London, I could use a Middle East carrier like Qatar or Emirates.

    So honestly, PAL is in a rock and a hard place. The only routes I feel I would use PAL is probably Dubai and Australia/New Zealand due to lack of options... The others Cebu Pacific na or regional full service airlines for long haul...

  4. Join Date
    Nov 2005
    Posts
    34,875
    #1704
    keep in mind this is both supply shock and demand shock

    Supply shock -- when humans don't show up for work companies shut down production shuts down goods don't get made goods don't get delivered

    Demand shock -- when humans are sick or quarantined or scared they don't go around spending money
    Last edited by uls; March 4th, 2020 at 02:03 PM.

  5. Join Date
    Nov 2005
    Posts
    34,875
    #1705
    except of course panic buying basic goods

  6. Join Date
    May 2017
    Posts
    628
    #1706


    yan ang problema kapag infiltrated ng mga komunista ang workers' union mo

  7. Join Date
    Nov 2005
    Posts
    34,875
    #1707
    balita mga tenant ng mga mall gusto humingi ng relief sa pagbayad ng rent

  8. Join Date
    Feb 2008
    Posts
    14,181
    #1708
    Quote Originally Posted by uls View Post
    balita mga tenant ng mga mall gusto humingi ng relief sa pagbayad ng rent
    Retail wasn't in a good place already (except some bigger SM malls). Then this... Buti di super lakas ng tourism industry ng Pinas. Imagine Thailand, almost 1/5 ng economy nila is tourism and industries nakatali sa tourism...

  9. Join Date
    Mar 2008
    Posts
    38,089
    #1709
    Quote Originally Posted by uls View Post
    balita mga tenant ng mga mall gusto humingi ng relief sa pagbayad ng rent
    the airport operators are being requested in going lenient on the airplane parking collectibles.

  10. Join Date
    Nov 2010
    Posts
    21,675
    #1710
    Quote Originally Posted by uls View Post
    balita mga tenant ng mga mall gusto humingi ng relief sa pagbayad ng rent
    Yup, officially nagbigay na nang letter sa management.

Tags for this Thread

Philippine Economy Talk