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  1. Join Date
    Sep 2003
    Posts
    21,866
    #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.

  2. Join Date
    Nov 2005
    Posts
    34,815
    #2602
    Quote Originally Posted by Monseratto View Post
    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

    depression

    i got another d word -- dystopia

  3. Join Date
    Mar 2018
    Posts
    1,589
    #2603
    adjustments.jpg

    Kaya pala massive retrenchment sa BDO


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  4. Join Date
    Nov 2005
    Posts
    34,815
    #2604
    madami di makabayad ng utang

  5. Join Date
    Mar 2018
    Posts
    1,589
    #2605
    Quote Originally Posted by uls View Post
    madami di makabayad ng utang
    Yes bad debts or delinquent loans


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  6. Join Date
    Nov 2005
    Posts
    34,815
    #2606
    kaya April palang i was concerned about the financial system

  7. Join Date
    Oct 2002
    Posts
    34,040
    #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.
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    Last edited by shadow; July 27th, 2020 at 02:34 PM.

  8. Join Date
    Oct 2002
    Posts
    34,040
    #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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  9. Join Date
    Nov 2005
    Posts
    34,815
    #2609
    i guess all kinds of loans... from business loans to consumer loans

    ito Philippine Chamber of Commerce


  10. Join Date
    Nov 2005
    Posts
    34,815
    #2610
    Quote Originally Posted by shadow View Post
    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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    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

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Philippine Economy Talk