Philippine Economy Talk

[jut703]

RE the article posted by jut703

consistent with what i'm saying this gov't implemented the longest and most crippling lockdown in the world

The government implemented the longest and most crippling lockdown FOR NOTHING.

A lockdown alone does not help much. You need to have a lockdown EARLY (we were a month late). You need to follow up it up with aggressive CONTACT TRACING, paired with MASS TESTING (targeted, if you want to call it that).

So we both have a dead economy and an ever-growing wave of infection.

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[uls]

The government implemented the longest and most crippling lockdown FOR NOTHING.

A lockdown alone does not help much. You need to have a lockdown EARLY (we were a month late). You need to follow up it up with aggressive CONTACT TRACING, paired with MASS TESTING (targeted, if you want to call it that).

So we both have a dead economy and an ever-growing wave of infection.

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it was a freaking brute force lockdown

brute force ang ginamit hindi brains

something what cavemen would do

coz there aren't people competent enough to implement an intelligent targeted lockdown

large conventional bomb compared to a smart bomb

[Egan101]

it was a freaking brute force lockdown

brute force ang ginamit hindi brains

something what cavemen would do

coz there aren't people competent enough to implement an intelligent targeted lockdown

large conventional bomb compared to a smart bomb

Whoever said bright minds are placed in government posts? Men/women are posted for the favors and loyalty they bring.


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[jut703]

it was a freaking brute force lockdown

brute force ang ginamit hindi brains

something what cavemen would do

coz there aren't people competent enough to implement an intelligent targeted lockdown

large conventional bomb compared to a smart bomb

Brute force lockdown is barely better than no lockdown. Disadavantage is that a brute force lockdown has dire economic consequences.

It wasn't a choice between healthcare and economy. Our government screwed up on both.

Either we do a lockdown right or we don't do it at all. We're moving to option 2 now (i.e. opening up the economy even if COVID has still not been managed).

Too bad we already had 3 months of economic setbacks.

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[shadow]

So dapat nag herd immunity na lang tayo from the get go? keep the vulnerables isolated/lockdown while let the able bodies go and do their usual things.


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[uls]

from the corona thread:

You are being redirected...

and yet another layoff from Cebu Pacific groundhandling services.....

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Diyan ako mas natatakot sa mass layoff.


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coz pag madami wala trabaho mas dadami kriminal?

aside from that

ang economy natin domestic consumption driven

pag madami mawalan ng trabaho we'll have less consumer spending

so when there's less demand, manufacturers will produce less, importers will import less

everybody makes less money

[jut703]

So dapat nag herd immunity na lang tayo from the get go? keep the vulnerables isolated/lockdown while let the able bodies go and do their usual things.


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Dapat may malinaw na plano from the getgo.

Kung magheherd immunity tayo kasi wala naman tayo capablity for mass testing and contact tracing, dapat di na naglockdown to minimize economic losses.

Kung maglolockdown tayo dapat maaga, absolute, and may isolation via contact tracing at the minimum - aka Vietnam execution.

Eh yung nangyari worst of both worlds. High economic losses tapos high number of cases pa rin [emoji28]

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[Dr. Strange]

Dapat may malinaw na plano from the getgo.

Kung magheherd immunity tayo kasi wala naman tayo capablity for mass testing and contact tracing, dapat di na naglockdown to minimize economic losses.

Kung maglolockdown tayo dapat maaga, absolute, and may isolation via contact tracing at the minimum - aka Vietnam execution.

Eh yung nangyari worst of both worlds. High economic losses tapos high number of cases pa rin [emoji28]

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Add mo pa kahit me krisis corruption still rampant.

[uls]

Dapat may malinaw na plano from the getgo.

Kung magheherd immunity tayo kasi wala naman tayo capablity for mass testing and contact tracing, dapat di na naglockdown to minimize economic losses.

Kung maglolockdown tayo dapat maaga, absolute, and may isolation via contact tracing at the minimum - aka Vietnam execution.

Eh yung nangyari worst of both worlds. High economic losses tapos high number of cases pa rin [emoji28]

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be careful what you wish

[uls]

so meron maglalabas daw ng pera sa isang bangko ililipat sa ibang bangko

what makes them so sure ung lilipatan nilang bangko walang problema

all the banks are exposed to bad loans

just pray Bangko Sentral have their back

[greenlyt]

so meron maglalabas daw ng pera sa isang bangko ililipat sa ibang bangko

what makes them so sure ung lilipatan nilang bangko walang problema

all the banks are exposed to bad loans

just pray Bangko Sentral have their back

meron term/category sa bank na Too Big to Fail, banks like BPI and BDO, BSP will do everything it can to prevent closure of said banks, LandBank din nga pala since depository bank ng phil government

[Little Missy]

So dapat nag herd immunity na lang tayo from the get go? keep the vulnerables isolated/lockdown while let the able bodies go and do their usual things.


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Herd immunity is sasadyain macontract yung sakit assuming malakas naman at makakasurvive para immune na sila at hindi mahawaan yung mga vulnerables. Won't work in the PH setting imo dahil hindi naman tayo tulad ng UK or US that the young move out of their homes, we live with our elderly may extended family pa. Hindi rin uso dito ang home for the aged. Also, this won't be achieved without many deaths dahil hindi naman guaranteed na bata at healthy, magsusurvive. Will likely collapse healthcare system too. Pag tumagal ito ng walang vaccine, I think we will eventually get to herd immunity. But by then marami na din namatay.

I think the lockdown helped keep the situation under control nung una, problema lang kasi tumagal tapos walang bagong ginawa, lockdown lang.

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[uls]

Herd immunity is sasadyain macontract yung sakit assuming malakas naman at makakasurvive para immune na sila at hindi mahawaan yung mga vulnerables. Won't work in the PH setting imo dahil hindi naman tayo tulad ng UK or US that the young move out of their homes, we live with our elderly may extended family pa. Hindi rin uso dito ang home for the aged. Also, this won't be achieved without many deaths dahil hindi naman guaranteed na bata at healthy, magsusurvive. Will likely collapse healthcare system too. Pag tumagal ito ng walang vaccine, I think we will eventually get to herd immunity. But by then marami na din namatay.

I think the lockdown helped keep the situation under control nung una, problema lang kasi tumagal tapos walang bagong ginawa, lockdown lang.

mission impossible kasi sa mga urban poor areas dikit dikit mga tao nagpapalitan ng hininga

[shadow]

mission impossible kasi sa mga urban poor areas dikit dikit mga tao nagpapalitan ng hininga

So paano nga gagawin? Sunugin na lahat ng squatter areas?

Kahit meron ng vaccines. Gaano tayo kabilis mabibigyan ng allocation?


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[uls]

So paano nga gagawin? Sunugin na lahat ng squatter areas?

Kahit meron ng vaccines. Gaano tayo kabilis mabibigyan ng allocation?


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haha grabe ka naman

we're gonna go into shoulda coulda woulda...

what the gov't should have done is take the positives out of the communities and put them is quarantine facilities like what Vietnam did

yan ang di ginawa ng gobyerno -- ung isolate

test, trace, isolate yan eh

puro mass testing mass testing lang naririnig natin

after testing they just send people home

ano silbi ng mass testing kung ganun

tapos contact tracing natin 1 layer lang yata

SK traces 3 layers of contacts

[shadow]

Kahit meron corruptions. Kung competent pa rin yun mga nagpapatakbo, we'll still be in better shape.

Bobo na nga corrupt pa.


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[jut703]

Ang nakakatawa eh marami pa rin supporters yung admin na to kahit sobrang f'd up ng COVID response and tinatamaan na sila directly.

So minsan ang hirap maawa sa mga tinamaan - eh ginusto nila yan eh.

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[_Cathy_]

Ang nakakatawa eh marami pa rin supporters yung admin na to kahit sobrang f'd up ng COVID response and tinatamaan na sila directly.

So minsan ang hirap maawa sa mga tinamaan - eh ginusto nila yan eh.

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Crush was able to speak with several people who lost their jobs and they still support the admin, ang common na sagot "ganyan talaga ang buhay" Hindi ko alam kung maiinis ako o mabibilib ako sa dutertards.

This is what I saw when I opened my email "Kindly note that the retirement fund has been impacted by the market downturn due to the COVID-19 pandemic"

[shadow]

Crush was able to speak with several people who lost their jobs and they still support the admin, ang common na sagot "ganyan talaga ang buhay" Hindi ko alam kung maiinis ako o mabibilib ako sa dutertards.

This is what I saw when I opened my email "Kindly note that the retirement fund has been impacted by the market downturn due to the COVID-19 pandemic"

Uy! Akala ko suspended din si cathy. [emoji23]


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[Monseratto]

Wirecard’s $2.1 Billion Hole Deepens After Forgery Claim

Wirecard AG shares continued their free-fall after the two Asian banks that were supposed to be holding 1.9 billion euros ($2.1 billion) of missing cash denied any business relationship with the German payments company.

BDO Unibank Inc., the Philippines’ largest bank by assets, and the Bank of the Philippine Islands said in separate statements on Friday that Wirecard isn’t a client.

“It was a rogue employee who falsified documents and forged the signatures of our officers,” BDO Unibank Chief Executive Officer Nestor Tan said in a mobile phone message. “Wirecard is not even a depositor -- we have no relationship with them”.

1 of 2 Asian banks: BDO under probe for $2.1B missing funds of German digital payment firm Wirecard