Philippines will drop as a Country, Economy on its worst!

[cabalism13]

(I am a Filipino citizen)

We have the worst Government in this time of Pandemic, It's not all about the President but the Government as a whole.

what can you say about our situation for being the worst and also as the leading country on ASEAN that has a high  number of Covid Cases. It's been months already and yet, jnstead of recoveries we are getting most of it, and our economy is already falling. Or in other words, how will you react if you're one of us staying on the same country...

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[Findingnemo]

how will you react if you're one of us staying on the same country...

If you have any money left then start buying gold or cryptos because the value of fiat is going to get a big hit if the economy falls rapidly.And try to create your own job opportunities don't wait for the government to do it for you which will be really helpful with tacking the unemployment.

But this is not only the issue of Philippines, almost every developing and developed country are into that situation.

[Upgrade00]

The same scenario is playing out in a couple of other nations, especially those which did not react quickly to the rise of the pandemic. The situation in Philippines is however exacerbated by the actions of the government which has little regard for the lives of it's citizenry. With the lower class being worst hit.

how will you react if you're one of us staying on the same country...

• Firstly, you should take adequate precautions to avoid getting infected by the virus, while also building your immune system using vitamins to protect you in case you contract it.
• I will advise also taking precautions to protect your funds. Economies worldwide are contracting and thus would likely lead to inflation and a drop in the value of currencies. To prevent this you could hold your funds in more stable assets.

[goinmerry]

With all due respect, how did you say that the PH economy is falling? PH economy, the same as in other countries, is slowly recovering now even bit by bit.

Just because the number of confirmed cases in the PH increases every day, it does mean that the economy is falling. But still, there are lots of opportunities to earn. The food industry becomes hit. Delivery becomes hit. Transport becomes hit. Online selling becomes hit. If the economy is falling you won't see this business. Everyone wants Milktea, Pizza, and various food.

PH is still lucky compare to those 1st world countries that the situation is really worst. PH is not totally at its worst and people have lots of options to make savings. Focus on that and everything will be financially secured.

Help ourself. We don't need to rely on the government. There are opportunities everywhere.

[panganib999]

I can feel you buddy and I am having the same feeling about the situation towards the Philippine government on which we are seeing numerous cases of infected individuals despite of the couple of months community quarantine that seems nothing is happening. Yes, I understand that the reason why the cases are keep on rising is because of the mass testing being done compared to the previous months which make it hard to identify the infected individuals locally and from those people that just went home from other countries because their jobs are being affected by the pandemic.

The Philippine government as of the moment have already debt reaching almost 10 trillion pesos or accumulated to be 200 million USD which is said to be used for the response this pandemic but the citizens seems not to be feeling where does the fund get into? Lately I have read from the news a very surprising news about the biggest number of recovery being recorded which is 38,000+ that on a first glance is really a good news because it was a great move that many people are now being recovered from the virus but upon reading the classifications to be stated as recovered that includes asymptomatic and mild cases, this makes no sense for the department of health to manipulate such data just to say we are fighting back against the virus.

This pandemic have brought up many job opportunities most specially through online that is pretty good to know but it does not and cannot hide the thing that the economy is struggling due to lots of debts that are unseen to be useful and supposedly to be used this pandemic. Citizens must have concern on this because taxations and income coming from overall production of the country will be used up to pay for that and I think it will take too long for that to be cleared out.

[CarnagexD]

Incompetent indeed but also look at the fact that we are overpopulated, Metro Manila is the most dense city in the world so don't expect that all people will be given a relief coz it is not only the Metro Manila that needs it, there are 110+ cities more and 42,000+ barangays all over the Philippines. Central Government is doing just as fine, its sectors do not including the LGUs, why don't we see a rally just outside the city hall? if the budget was released to them? why don't we question our Local government for not receiving any of the relief? The palace has all the documentation of the budget that has been released to the LGUs, ask them why there are still people who did not get their cash aids.

And those people who compares the entire Philippines to the New Zealand bruh    NZs total population is just the same as Quezon City and Maynila's combined population, not even the whole Metro Manila. Not even Luzon, just QC and Maynila Imagine how dense the population in Manila.

Having a huge debt has its own side, bad for us coz we need to pay it but good for Philippines reputation coz they are trusting on our economy that we can pay them in the future.

[goinmerry]

This pandemic have brought up many job opportunities most specially through online that is pretty good to know but it does not and cannot hide the thing that the economy is struggling due to lots of debts that are unseen to be useful and supposedly to be used this pandemic.

Of course, the economy is not as good as before but still, it tries to rise slowly, and having those job opportunities is one good example that the economy is not literally falling down. There's a light so need to be negative. PH is still lucky honestly.

I'm not against at your thoughts but in the time like this, as I said, help yourself. Even rich countries are struggling today. Stand up!

And take note of this before voicing out concerns about where the debts go. BEFORE pandemic, PH is already facing debts in the previous administration. Where it goes? Debts today were used to SAP (worth 200 billion Php 5,000 - Php 8,000 to 18 million families), nurse salary increases, Covid-19 response, and many more. There's a reason why government debt.

Program, Amount (Billions)

DSWD Emergency Subsidy Program, 200.98
SSS Small Business Wage Subsidy Program, 51
DOH COVID-19 Programs and Procurement of Test Kits, 48.23
Bayanihan Grant to Provinces and Cities and Municipalities, 37.02
DA COVID-19 Program, 11.1
DOLE Workers Assistance Program, 7.44
DOLE OWWA Repatriation Program, 5.15
Other Agencies, 13.99

[FlightyPouch]

I am also frustrated on how they talk to people and their decisions being made but that doesn't mean they are letting our country rot. The economy is not that bad, we have a pandemic, it is natural that we will be affected by that but we can relate this to our debt.It is said that we have a good credit when it comes to borrowing money and that is because of the debt to gdp ratio. They let us borrow money because they know we can pay it.

That just means that they know that we can recover from this and we will not be feeling that debt in no time.

[finaleshot2016]

This pandemic have brought up many job opportunities most specially through online that is pretty good to know but it does not and cannot hide the thing that the economy is struggling due to lots of debts that are unseen to be useful and supposedly to be used this pandemic.

-

I don't think that having debts is normal just because big countries are also having debts and their economy is struggling too. The point is, we can't prevent having debts if they implemented wise decisions and being competent like the neighboring countries, Singapore, Vietnam, and Brunei. I guess that an early travel ban would be an ace decision to avoid this struggle happening to us on this pandemic. If you really are living here in the Philippines, you knew that the time spent on the quarantine is just being wasted for lifting the quarantine without any changes in the statistics of COVID cases. You will also notice that there are unnecessary things that have implemented that aren't related to the pandemic, too much focus on power.

We already knew how COVID-19 is dangerous in early January, and as you can see, some countries already prevented the huge cases by performing a travel ban. It is obvious that sacrificing a few days is better than sacrificing a lot of months that will be resulted into waste.

[Oasisman]

The Philippine government as of the moment have already debt reaching almost 10 trillion pesos or accumulated to be 200 million USD which is said to be used for the response this pandemic but the citizens seems not to be feeling where does the fund get into?

Wait, Php 10 trillion seems very excessive figure isn't? , I guess it's safe to say almost Php 9 trillion like what most of the article in the internet.
I guess you are misinformed about the cumulative Php 8.6 trillion Philippine debt?
* Gloria Arroyo's term left a Php 2 trillion debt to the next administration.
* Aquino's administration left Php 4 trillion+ debt to the next administration.
* Currently, the Duterte administration have Php 2 trillion+ debt to combat the pandemic and other economical expenses.
And that's how you accumulate the almost Php 9 trillion over all debt of the PH.

Please refer to this link for additional info (this is 4 years ago before the Duterte administration) : https://www.google.com.ph/amp/s/newsinfo.inquirer.net/766619/next-president-to-inherit-p6-4-t-debt-freedom-from-debt-coalition/amp

Now, do you still question the current administration where the budget landed?
Aquino admin made more debt than Duterte admin, WITHOUT THE PANDEMIC.
How much more If the Corona virus blew during the Aquino administration?

[The cure]

Yes you are right that Philippines is the leading country with the most number of positive cases but do not deny that there are also many recovered cases everyday. I think every country are also goes through this circumstances and not only Philippines even rich countries have debts because we do not expect this pandemic to come and get worse quickly. The PH economy is not as good as before this pandemic comes but the most important thing is that the government does not give up and tries to get up slowly.Everyone must also help themselves to find other ways to survive and not rely entirely on the government.

[The Sceptical Chymist]

If you have any money left then start buying gold or cryptos because the value of fiat is going to get a big hit if the economy falls rapidly.

I'm not so sure that's a great idea.  If the economy suffers, you're going to need cash to pay for everything and I'd only invest in gold as a hedge against inflation if I had a serious excess of money.  As far as buying bitcoin, that would be an extremely risky move and I wouldn't advise it if you think your job is in jeopardy or something similar.  It's just too volatile.

OP, I rarely hear anything about the Philippines in the news and I didn't know it had gotten as bad as you describe.  That sucks and I feel for you.  But what else can you do?  If you can afford to, you could emigrate to a different country, but that's a huge life change that most people would be reluctant to do.  I would just say stay hopeful and remember that this whole coronavirus outbreak is going to pass and the economy is eventually going to improve.  You just have to hold on until things start to normalize.

[Hydrogen]

I still think the best method to curb disappointment in governments is to rely on them less.

• Grow food
• Produce water
• Generate electricity
• Build and fix things
• Share knowledge and information
• Improve coordination and communication between communities

If we're able to do these basic things, it gives governments less power and control over us.

As far as corona virus goes.

• Some herbs, plants and fruits carry anti viral properties which can be effective against viruses like corona
• Chloroquine which was affordable and available worldwide is effective in treating it
• Masks are also effective deterrents

The philippines could be in a difficult situation with china over the south china sea conflict. That could be one more thing to take into account.

[n0ne]

Almost in every third world country same situation is prevailing. In my country the government will soon announce it is their responsibility to take care of themselves. As a beginning to the same, government has announced testing cost for covid-19. For a single testing it is charged $50, some families don't even earn this in a complete month. I believe it is time to prepare ourselves learning how to cultivate our own foods, if not surely it'll be hard to live.

[yhiaali3]

Of course I am sorry about the situation in your country, but I can say that you are not the only one in it, we have here in my country the worst government also and failure in everything, wars, poverty, famine and Corona virus is spreading every day, the economic situation is collapsing and the government is not doing anything to relieve the citizens, They don't do anything but steal and put pressure on citizens through taxes and crazy high prices.

[cabalism13]

OP, I rarely hear anything about the Philippines in the news and I didn't know it had gotten as bad as you describe.  That sucks and I feel for you.  But what else can you do?  If you can afford to, you could emigrate to a different country, but that's a huge life change that most people would be reluctant to do.  I would just say stay hopeful and remember that this whole coronavirus outbreak is going to pass and the economy is eventually going to improve.  You just have to hold on until things start to normalize.

I really doubt our economy will have  a chance to rise up again, we have already so many debts even before this outbreak, and here it goes another debt for us to take.
And yeah, it really sucks to be here, if only I have a chance to pick a country where to stay to I would go to Singapore/Japan/Canada - any of those three.
Cases that really pissed me off:
-Imagine your Health Secretary just announce 38k of recoveries in one day? will you believe that?
-IATF gives a f*ck on letting the motorcycle run again, but what's with the barrier thing? you can be on an accident anytime just because of that, can't see their logic especially if the backrider was your wife/partner
-President has another plans  for other issues instead of focusing on this pandemic and giving us a hard lockdown.

Shitty country, I almost quit Facebook just to stop seeing those things everyday.

I still think the best method to curb disappointment in governments is to rely on them less.
...
If we're able to do these basic things, it gives governments less power and control over us.

You can do those basic things here, they limit the transportations, jobs, foods/medicines to take, even the Online opportunities they're restricting the people to get more money by giving out taxes on all the things and transactions. Imagine you're just selling for a mere Php100-1000 and you still need to register and pay tax? That's insane IMO!
I really can say now that the real nature of a human will come if there is a crisis. (Survival of the RICHEST not the fittest)

[Heart18]

I am also a Filipino, living here in NCR...where covid-19 cases was extremely higher.
Just like you, I am much disappointed with the Government in handling this Crisis. Though, I can see the highest leaders struggle to fight this virus and give aid to people despite our limited resources...but still, severe political attitude of many leaders are interfering behind this Country's battle. Instead of focusing on the recent issue, the unknown enemy that killed the lives of Filipinos, some leaders keep on arguing and pointing fingers at each other.
And the worst, is the unending corruption that tormented the people. No wonder, the covid-19 cases grows higher each day. The economy is definitely at its worst. And how will people survive without economy? We are all at risk. But, I guess, we can still find some ways to survive. Let's just keep our faith and stay safe.

[Lorence.xD]

Hi! I am also a Filipino, living here in NCR...where covid-19 cases was extremely higher.
Just like you, I am much disappointed with the Government in handling this Crisis. Though, I can see the highest leaders struggle to fight this virus and give aid to people despite our limited resources...but still, severe political attitude of many leaders are interfering behind this Country's battle. Instead of focusing on the recent issue, the unknown enemy that killed the lives of Filipinos, some leaders keep on arguing and pointing fingers at each other.
And the worst, is the unending corruption that tormented the people. No wonder, the covid-19 cases grows higher each day. The economy is definitely at its worst. And how will people survive without economy? We are all at risk. But, I guess, we can still find some ways to survive. Let's just keep our faith and stay safe.

A citizen here, definitely the government is a shit and we are slowly sinking together with their shitty decisions, the fact that they are focusing more on making their grip on power more stronger rather than the welfare of their is an indication of apathetic government, corruption and discrimination against the poor has never been so rife ever since this pandemic, poor people are arrested and the privileged get away with a slap on the wrist. The problem with government right now is endless, and I think that this also should serve as a lesson for us citizens to vote wisely and seriously because the masses are the most at fault here because they got enticed by the words of these fools who have empty promises, remember that the masses are in power when it comes to choosing who they want to lead, we also should not depend our whole life to the government because you are not the only citizen in the country, do something for yourself, give back what you can to the community and treat everyone with respect.

[Janation]

I am also disappointed on how this turned out.

A lot of cases and still increasing, manipulated recoveries being shown to people by the DOH adds more disappointment. The economy will obviously be affected by the pandemic and that is the same with other countries as well. They handle this very bad that the SONA of the president can't even be called a SONA.

I hope we people can just do the things we can do in order to lessen the burden of the country. That is the least we can do.

[samputin]

Just like most of my fellow Filipino citizens, I'm also disappointed with the things happening in our country. Well, the most recent thing is the sudden increase in the number of recovered patients. The Department of Health stated that those with mild symptoms and asymptomatic were included in the recovered ones which resulted to a total of 39k+ recoveries in just a day! That's shocking, right? Well at least for me though. So many disappointing things including those said before me.

<...>
I hope we people can just do the things we can do in order to lessen the burden of the country. That is the least we can do.

That's indeed the least we could do — not add to the burden of our country. Our economy is down, but so in other countries. I'm still positive and hoping that we got this. I know we, Filipinos, are resilient and we can bounce back from this crisis. There's always light at the end of the tunnel.