EDITORIALS-CARTOONS: Editor’s Choice – No panic buying

THE EDITOR

The rapid spread of the coronavirus disease 2019, or COVID-19, from China to Asia, Europe and the United States has drawn unprecedented responses from many governments.

Recession fears.

The rapid spread of the coronavirus disease 2019, or COVID-19, from China to Asia, Europe
and the United States has drawn unprecedented responses from many governments.
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From a countrywide lockdown in Italy to President Donald Trump’s decision to ban all travel from mainland Europe to the US for a month to fight COVID-19, the state reactions are prompting people to alter their work schedule and lifestyle.
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Factories and work in offices are slowing down as a result of the anxiety, while consumers are rushing to supermarkets to stack up on food and hygiene essentials.
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READ MORE: https://manilastandard.net/opinion/editorial/319534/recession-fears.html
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The government can also draw up a rescue fund and tax breaks in the tourism sector to assist those reeling from travel bans and dwindling tourist numbers, especially the small businesses.
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The Philippine economy, along with the rest of the world, will surely recover from the COVID-19 outbreak. But the government must create the right financial environment that will speed up economic recovery.
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Yes to work from home

In the unprecedented health crisis gripping the Philippines, Vice President Leni Robredo has called on the government and the public sector to consider instituting a scheme that will allow certain employees to work from home. Wise advice: It will protect them from the manifold risks lurking in the daily commute, particularly the apocalyptic congestion in light rail travel to which the government has long trained a blind eye. And it will stem the spread of the potentially deadly coronavirus not only in offices but also in the dramatic crowd scenes that mark the rush hours.

READ MORE: https://opinion.inquirer.net/127996/yes-to-work-from-home

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 Shirking one’s duty
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Paalala: Huwag mag-‘panic buying’
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The Straits Times says

A second package to fight the virus

Singaporeans will take some comfort in the fact that the Government is preparing a second stimulus package less than a month after the already expansionary Budget presented on Feb 18. Disclosing this during a discussion hosted by The Straits Times and The Business Times on Wednesday, Deputy Prime Minister and Finance Minister Heng Swee Keat noted that the Covid-19 outbreak has taken a turn for the worse. The outbreak has spread across the world, including to the largest economies and is now declared to be a pandemic by the World Health Organisation.

Even though draconian measures are being taken in attempts to control its spread – including a national lockdown in Italy – infections are still likely to be far from their peak. In Germany, Chancellor Angela Merkel has warned that up to 70 per cent of the population could get infected, while in the United States, reported cases could rise dramatically as testing facilities, thus far limited, are increased. The snowballing health crisis has been accompanied by a financial meltdown driven by both supply and demand-side shocks, as well as an oil price crash. The Singapore economy is likely to be severely impacted. A poll of 21 economists by the Monetary Authority of Singapore released a week ago indicated that gross domestic product growth will be 0.6 per cent this year, compared with a forecast of 1.5 per cent as recently as December, with respondents seeing a 30 per cent chance of economic contraction. Even these sobering forecasts may be too optimistic, as they do not take account of the recent accelerated spread of Covid-19 or the oil price crash over the weekend. Business sentiment for the second quarter of this year is also at an all-time low, according to the Singapore Commercial Credit Bureau’s latest Business Optimism Index study released on Tuesday.

READ MORE: https://www.straitstimes.com/opinion/st-editorial/a-second-package-to-fight-the-virus

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Speaking Of Asia: Joe Biden through Asian eyes

 

Ravi Velloor

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A 35-year veteran of the trade, he has reported from across Asia, and the US. Formerly Foreign Editor and South Asia Bureau Chief of ST, he is as much at ease with global business and macro-economic issues as he is with diplomacy and international politics. A Jefferson Fellow, Ravi previously worked with Bloomberg News, Time Warner magazines and Agence France-Presse.

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All photographs, news, editorials, opinions, information, data, others have been taken from the Internet ..aseanews.net | [email protected] For comments, Email to :D’Equalizer | [email protected]com.ph

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