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Luzon Lockdown!!!

ArnoldZArnoldZ Member PEx Influencer ⭐⭐⭐
edited March 16 in Local and Foreign Issues


Duterte Expands Philippine Lockdown to 60 Million People

Andreo Calonzo and Claire Jiao
BloombergMarch 16, 2020, 8:38 AM PDT

(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.

Philippines President Rodrigo Duterte on Monday widened a month-long lockdown in the capital region to cover the main Luzon island to contain an outbreak of the new coronavirus.

An “enhanced quarantine” of the island with a population of at least 57 million people will be implemented until April 12, Duterte said in a televised address. Mainland Luzon will be on a strict home quarantine that the police and military will oversee, and workers must work from home to “significantly” limit movement, he said.

“Everyone must stay at home, leaving their houses only to buy food, medicine and other basics necessary for survival in the coming days,” Duterte said. He also asked private companies to advance workers’ pay.

The Philippine Stock Exchange announced late Monday night that it will suspend trading from Tuesday “until further notice” after Duterte expanded the month-long lockdown. “Mass transport suspension and work suspension in the private sector plus the mandate of the government to stay at home constrained us to suspend trading and clearing & settlement for now,” the bourse’s Chief Operating Officer Roel Refran said.

The move to contain the virus, which has infected at least 140 people in the Philippines and killed a dozen, will come at a cost to an economy that draws more than 70% of its output from the main island of Luzon which includes the capital region. Bangko Sentral ng Pilipinas will consider a deeper policy rate cut of 50 basis points at its March 19 meeting, Governor Benjamin Diokno said after the expanded quarantine was announced.

Fluid and uncertain

“It’s like slamming the breaks on the economy,” said Nicky Franco, head of research at Abacus Securities Corp. in Manila. Duterte’s move will further damp economic activity and markets, he said, forecasting a further slump in the main stock index to as low as 4,500.

Gross domestic product growth this quarter may slip to 5% year-on-year and slow to 5.4% for the entire 2020, said Carlo Asuncion, an economist at Union Bank of the Philippines. That forecast may have to be revised again “because everything is very fluid and uncertain,” Asuncion said.

The Philippine Stock Exchange index shed a further 7.9% to 5,335.37 at close, before Duterte’s latest announcement while the peso extended its decline against the dollar for the fourth straight session.

Philippine Markets Cut Trading Hours Amid Manila Lockdown

“Growth will likely take a hit, that much is certain,” said Howie Lee, economist at Oversea-Chinese Banking Corp. Ltd. in Singapore. “But BSP still has a lot of monetary policy room and the consolation is that the Philippines has a lower reliance on exports than other regional peers. An aggressive monetary policy is expected this week to partially offset the effects from this quarantine of Luzon,” Lee said.

https://news.yahoo.com/duterte-expands-lockdown-main-philippine-101824208.html

Martial Law in disguise?

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Comments

  • topnotch97topnotch97 Marley Brinx says hi PEx Influencer ⭐⭐⭐
    dapat ata pati internet sa Pillipinas i-lockdown na ren.

    madami nagkakalat. LOL
  • joerizjoeriz Member PEx Influencer ⭐⭐⭐
    "........In the end, each of us is giving up our individual freedom in order to protect everybody, especially the sick and the elderly. When everybody’s health is at stake, true freedom is to follow instructions........"
  • topnotch97topnotch97 Marley Brinx says hi PEx Influencer ⭐⭐⭐
    ayan 9:00 AM! mag-clock-in ang mga magtatatrabaho sa troll farm dito sa PEx!!!
  • Juan Plus OneJuan Plus One Pexer of the Year! PEx Influencer ⭐⭐⭐
    DIV or the DuterQue Incompetenzia Virus is bringing more havoc than Covid-19 itself.

    President Di-Gong Xi and Sec Dugyut este Dugue have to apologize to the Filipino people for acting too late in tackling the virus.

    Corona Virus + Incompetent officials = CHAOS.
  • topnotch97topnotch97 Marley Brinx says hi PEx Influencer ⭐⭐⭐
    ^^ because they are waiting for orders from Winnie the Flu
  • the whole world is going lockdown
  • TrollmasterTrollmaster PEx Rookie ⭐
    Haha Taiwan is now complaining of cyberattacks from China during this China virus crisis!
  • winterfell2013winterfell2013 Member PEx Rookie ⭐
    NO country is 100% prepared on this pandemic. Some has the nerve to blame the president. If he has done these measures, let us say back in February, since we are in a democratic country I am sure as hell that some people will still complain. They will accuse him of human rights violation. Now that he has done it, people still has something bad to say. Martial law my *ss!

  • CruzzzYanoCruzzzYano PEx Rookie ⭐
    NO country is 100% prepared on this pandemic. Some has the nerve to blame the president. If he has done these measures, let us say back in February, since we are in a democratic country I am sure as hell that some people will still complain. They will accuse him of human rights violation. Now that he has done it, people still has something bad to say. Martial law my *ss!

    If you don't like somebody, you won't like everything he does. There is few rational people on PEx.
  • hellraiser2.hellraiser2. Registered User PEx Veteran ⭐⭐

    Nganga! MMDA admits gov’t has no plan for car-less Pinoys in Metro Manila who need to work

    The Metro Manila Development Authority (MMDA) just showed how poorly the Luzon-wide enhanced community quarantine was thought of in its reply to a netizen’s tweet on transportation concerns.

    Netizen @Bacontan2 tweeted MMDA to ask how he will get to work if public transportation is suspended. He said he’s part of the workforce that’s exempted from the home quarantine and work from home arrangement.

    @MMDA tanong lang po, kasama ako sa dapat mag work pero wala akong private car at hindi kakayanin sa walking. Ano po masasakyan ko from cubao to makati- thank you,” his tweet read.

    The MMDA candidly replied: “wala po sir. #mmda”

    President Rodrigo Duterte declared a Luzon-wide enhanced community quarantine in a bid to contain the spread of COVID-19. It will last until April 13.


  • TrollmasterTrollmaster PEx Rookie ⭐
    galingan niyo!
  • joerizjoeriz Member PEx Influencer ⭐⭐⭐

    Nganga! MMDA admits gov’t has no plan for car-less Pinoys in Metro Manila who need to work

    The Metro Manila Development Authority (MMDA) just showed how poorly the Luzon-wide enhanced community quarantine was thought of in its reply to a netizen’s tweet on transportation concerns.

    Netizen @Bacontan2 tweeted MMDA to ask how he will get to work if public transportation is suspended. He said he’s part of the workforce that’s exempted from the home quarantine and work from home arrangement.

    @MMDA tanong lang po, kasama ako sa dapat mag work pero wala akong private car at hindi kakayanin sa walking. Ano po masasakyan ko from cubao to makati- thank you,” his tweet read.

    The MMDA candidly replied: “wala po sir. #mmda”

    President Rodrigo Duterte declared a Luzon-wide enhanced community quarantine in a bid to contain the spread of COVID-19. It will last until April 13.


    This guy is not alone! There are hundreds like him in same predicament! A government who knows what it is doing would have planned for this kind of eventuality. No work, no pay! Duterte should release funds to alleviate hardships of those affected in similar manner.
  • Plantation BoyPlantation Boy Member PEx Influencer ⭐⭐⭐
    The military should be made available to distribute food acquired by the government to feed those out of work and the poor.
    Starving people get weakened immunity and are more susceptible to getting infected with COVID-19.
  • topnotch97topnotch97 Marley Brinx says hi PEx Influencer ⭐⭐⭐
    so why not use tambays and freeloaders to distribute food instead?

    i'm not gonna assign military personnel for such task.
  • Juan Plus OneJuan Plus One Pexer of the Year! PEx Influencer ⭐⭐⭐
    so why not use tambays and freeloaders to distribute food instead?

    i'm not gonna assign military personnel for such task.

    Nope. Don't trust these people.  They will just steal the food for themselves and sell the rest.
  • hsusonhsuson Member PEx Influencer ⭐⭐⭐
    so why not use tambays and freeloaders to distribute food instead?
    The food would dissappear like Magic if you do that

    :rofl:
  • i agree, use those tambays. 

    last year during the elections, those tambays in our area in Quezon City were working for either Bong Go an Bato's campaign. and you can see them as "election poll watchers" also.
  • punchkidpunchkid Bipolar Boy PEx Expert 🎖️
    edited March 27
    Wealthy Asian countries like Japan and S Korea didn't really need a lockdown or enhanced quarantine ***** due to this pandemic health crisis yet they are able to manage it very well without imposing panic and threat to their people. We're on our 2nd week of this Luzon lockdown but it feels more like of a martial law rather than a quarantine and yet no. of coronavirus cases and even deaths are continue to increase. So what went wrong?
  • ArnoldZArnoldZ Member PEx Influencer ⭐⭐⭐
    Pinoy voters are what went wrong!
  • Juan Plus OneJuan Plus One Pexer of the Year! PEx Influencer ⭐⭐⭐
    Corona virus + Incompetent government = CHAOS and DEATH

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