Corona has killed economy of many businesses

[Janation]

We should be out of lock down in 2week more.

I think this still depends on the country.

Here in the Philippines, the ECQ or the Enhanced Community Quarantine until the end of this month. That is because of the number of cases and I think to be on the safe side since we never know what might happen and since that there is still no vaccine for the virus, the number of cases making it harder for them to contain the virus. Businesses are affected but it is inevitable.

On top of that, Philippines being categorized as a third world country, prolonging the quarantine period would put those poor household in a greater challenge i.e. hunger but I consider it necessary. It really shows a lot with regard of the leaders that the people had chosen -- the way they respond in this time of health crisis. I do hope that this would be solved soon because the government's resources is also depleting and the people are being disgusted by the clowns sitting on the public office.

I know right.

The problem with this is that these people are not ready to face these kinds of problems. Some of them just want to earn money, just want to run because they want to do something not really making any sense what they want, and how this happened and they don't know what to do. I am really happy since some of the businesses here are helping people in their own ways despite the damage they also are having.

[Kong Hey Pakboy]

Pharmacies and groceries are the only businesses that are infavor of these corona virus because we need them to provide the things that we need while we are at our homes and to prevent the virus from spreading. This virus is really killing the economy of a country because there are no any workers and no businesses, that is why there are now a lot of families that are starving today because they don't have any source of income to provide their necessities.

[hahay]

Well we cant really deny the fact that so many businesses is now really affected on corona virus disease, because many people today is staying at home for thier own safety and some establishment are now empty such as factory mall etc. So business is really affected but for me i think life is more important than any kind of business because we can still build a business if it will fall but we cant bring the life back if it will lose.

Yes indeed, any business that can be rebuilt and restored, but at the same time we cannot continue to live in a crisis like this because after all, we need jobs and or income and much more that should the wheels of this economy continue to spin. This pandemic really kills anything on earth that forces us to stay at home and I think this kind of life will be very strange if it continues for a long time.

[romeojasmin13]

I really worry about the influence of Coronavirus outbreak on our economy. I am afraid economy won't recover soon after such fall. Small businesses were affected and the most.

[Averim]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

This will last at least till the end of the year. On tv a scientist told that corona virus is also the result of global warming and we shall expect to other pandemic situations in the future as result of the human impact over nature.

[travwill]

Well we cant really deny the fact that so many businesses is now really affected on corona virus disease, because many people today is staying at home for thier own safety and some establishment are now empty such as factory mall etc. So business is really affected but for me i think life is more important than any kind of business because we can still build a business if it will fall but we cant bring the life back if it will lose.

From the part you are right. But it is worthwhile to understand that with the limited ability to work, the ability to pay bills and rents is also limited.
Indeed, most landlords do not make any concessions and discounts because they themselves are in a difficult situation.
People simply have nothing to buy food for their loved ones if the quarantine lasts too long.

[googol.star]

While some business die, other flourish, and new ideas are sparked. For example the food delivery business.

[Arcas]

More than two months until today corona virus still keep exist and many cases every day around country, but now still not have way will this virus ended and make recovery to the world to get many chance with bitcoin and altcoin back to higher price. Almost day every country give news and update with how many their people pass away.

[JoMarrah Iarim Dan]

the very large impact caused by this coronavirus...
businesses that are forced to close, especially those engaged in tourism and hundreds of thousands of new unemployed because they were temporarily laid off during the pandemic.

Almost all business went down for a while. Even the company I am employed stopped the operation. There are so much lost and the worst part is, we already have the losses nothing comes back but still the country has to provide foods for the people who can't afford to buy foods, medicines for the sick, etc. Well we must not blame it to them. Just help each other to recover easily.

[romero121]

In today's news came to know about different countries planning to run airplane for transportation. By the time the important news is that aircraft companies have planned reduce the passangers accomodated and charge triple the amount for general tickets as people are supposed to obey social distancing. However soon small such changes are gonna make life more catastrophic for the low level and the middle class people. Elite people always have the ability to afford, and here government's need to take decisions to uplift the economy of low level people.

[Vishnu.Reang]

In today's news came to know about different countries planning to run airplane for transportation. By the time the important news is that aircraft companies have planned reduce the passangers accomodated and charge triple the amount for general tickets as people are supposed to obey social distancing. However soon small such changes are gonna make life more catastrophic for the low level and the middle class people. Elite people always have the ability to afford, and here government's need to take decisions to uplift the economy of low level people.

In a row of 3 people, the airlines may be allowed to place only one passenger. That means that the flight occupancy will be around 33% at the most. Can this be viable? If the passengers are willing to pay 3 times the ticket cost, then the airlines companies can survive. Else I am not sure about how this is gong to turn up in the end. I would personally say that this is a very stupid proposal. Allow 100% occupancy, after testing all the passengers. How can airlines operate with 30% occupancy? 

[ajaymukund]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

I think there will be corona medicine in the short term and the vaccine will take a lot of time to test and sell. I think this is an economic virus was created, so for 4 months the whole world economy has stagnated yet it has nothing to do. After the doctor's studies, Corona is a variant virus and it will be very difficult to stop this pandemic.
The time will last very long and we should plan and policy in advance for the future of our business or life. Don't let time go to waste.

[TheAndy500]

In today's news came to know about different countries planning to run airplane for transportation. By the time the important news is that aircraft companies have planned reduce the passangers accomodated and charge triple the amount for general tickets as people are supposed to obey social distancing. However soon small such changes are gonna make life more catastrophic for the low level and the middle class people. Elite people always have the ability to afford, and here government's need to take decisions to uplift the economy of low level people.

In a row of 3 people, the airlines may be allowed to place only one passenger. That means that the flight occupancy will be around 33% at the most. Can this be viable? If the passengers are willing to pay 3 times the ticket cost, then the airlines companies can survive. Else I am not sure about how this is gong to turn up in the end. I would personally say that this is a very stupid proposal. Allow 100% occupancy, after testing all the passengers. How can airlines operate with 30% occupancy? 

For flights to be profitable it is enough that they raise prices. Only those who will have to fly and those who can afford it will fly.
I think that it is not the price or the reduction in the number of passengers that is the most difficult. I think that for long flights it is not possible to separate passengers completely. I'm afraid that such flights would be safe, only those who passed the tests will be able to fly.

[arallmuus]

For flights to be profitable it is enough that they raise prices. Only those who will have to fly and those who can afford it will fly.
I think that it is not the price or the reduction in the number of passengers that is the most difficult. I think that for long flights it is not possible to separate passengers completely. I'm afraid that such flights would be safe, only those who passed the tests will be able to fly.

Domestic flight are shutting down most of their flight as well because it is no longer profitable for them. In term of staff and fuel to fly the plane, it might not be any more worth it again .

Even if you dont show any symptom at all, that doesnt mean you havent been infected yet

[bakasabo]

I was wondering how your country fight with economy fall?

I've noticed that in my country it has become popular to make free delivery or to drive to you for free, to offer services. It is common for restaurants or huge food stores, electronics internet shops to make free delivery. Now bookstores make free delivery. Local small clothes shops make delivery - you simply tell them what you need and they deliver you cloches for try on. I was shocked that shoes repair now drive to collect your shoes and bring them back fixed next day.

[Viscore]

I was wondering how your country fight with economy fall?

I've noticed that in my country it has become popular to make free delivery or to drive to you for free, to offer services. It is common for restaurants or huge food stores, electronics internet shops to make free delivery. Now bookstores make free delivery. Local small clothes shops make delivery - you simply tell them what you need and they deliver you cloches for try on. I was shocked that shoes repair now drive to collect your shoes and bring them back fixed next day.

It's a good initiative because people can't go out so their business will boom, but then people will be affected as the price would be higher due to the add on service, they survive but they are still not profitable as most people now are not spending, so the result, the economy is still bad, the government are spending funds higher than what they'll get from taxes, they are bailing us out now.

[Lomberjack]

As the virus continues to travel and spread across countries, there are also states that are gradually adopting and have stopped the danger of the pandemic like China and South Korea. This could serve also as a sign for other countries as a hope to continue fighting the ncov-13, and be disciplined to cause no more transfer of the disease.

For me, many business establishments or organizations might not survive the pandemic, especially, on the countries that are severely affected by the pandemic like Italy. Consumers are the life of a business, and without the demand from them, their would be no income. This is really a threat for many organizations especially if they aren't ready enough from the effect of the virus.

[microsurfer]

This isolation will kill more than 50% of small buisness. This is really terrible

[Janation]

I was wondering how your country fight with economy fall?

I've noticed that in my country it has become popular to make free delivery or to drive to you for free, to offer services. It is common for restaurants or huge food stores, electronics internet shops to make free delivery. Now bookstores make free delivery. Local small clothes shops make delivery - you simply tell them what you need and they deliver you cloches for try on. I was shocked that shoes repair now drive to collect your shoes and bring them back fixed next day.

Those things you've said are not treated by this people as a way to fight for the falling economy, it is just a way for them to earn a profit despite the lockdown.

People with businesses are struggling to earn money right now since we consumers are locked in our houses because of the quarantine. So, the thing you've said is a way for them to keep their businesses running despite the lockdown. If we will be talking about how will the country fight or deal with the falling economy, I guess it should be after all of this since as long as people are being contaminated by the virus, it will still fall despite our efforts.

[Smitty Werben Man Jensen]

This isolation will kill more than 50% of small buisness. This is really terrible

that's the kind of sacrifice that has to be made to prevent the widespread of COVID19,
indeed it has a huge impact on the economy of the community, but I am sure the government will not let its people be miserable,