Corona has killed economy of many businesses - page 9.

Indymoney

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Quote from: Naida_BR on April 15, 2020, 02:08:29 AM

Quote from: lepbagong on April 15, 2020, 12:19:51 AM

Quote from: Subbir on April 14, 2020, 10:54:31 PM

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

Some governments are giving some benefits to the labor sector.
They are giving some money to the workers that are staying home and they cannot go to their workplace. I don't think that this measure is a good one at least it is a help - temporary solution.

Situation in subcontinent is going to be worst now as lock down is very long for very lower class and lower class peoples and Corrupt governments are unable handle things as they need to be even they are able to set all things but they are not able to set these corrupt political workers those are taking good advantage of this all.

Naida_BR

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Quote from: lepbagong on April 15, 2020, 12:19:51 AM

Quote from: Subbir on April 14, 2020, 10:54:31 PM

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

Some governments are giving some benefits to the labor sector.
They are giving some money to the workers that are staying home and they cannot go to their workplace. I don't think that this measure is a good one at least it is a help - temporary solution.

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Quote from: Subbir on April 14, 2020, 10:54:31 PM

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

Subbir

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You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

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Quote from: Questat on April 14, 2020, 11:30:47 AM

Quote from: microsurfer on April 14, 2020, 04:10:52 AM

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

This is a sad figure, but kill means they will not recover anymore? I don't think so, at this crisis I can understand that the small ones will be affected but once this is over, maybe the government can allocate funds to help especially the small business to operate again.

Even at times like this at least there has been a lot of help done by the government and other elements using funds obtained from donations. Indeed, this crisis is very worrying but when efforts and cooperation continue to be carried out then the recovery will also be there when this pandemic has ended, so we must believe in the government can restore this crisis later because this pandemic itself just happens, and that makes all became difficult because there was indeed no preparation to face this pandemic.

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Quote from: Janation on April 14, 2020, 04:18:19 AM

Quote from: bakasabo on April 13, 2020, 02:07:46 PM

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.

Actually "these people" offer discounts and havent increased price. Their main goal is not to earn profit, but to survive or work will less losses.
That is why I've wrote that this free delivery is offered not by huge chain of shops, but by local small shops.

I doubt that old grandpa that sells honey in 300ml/500ml/1 litre jars doesnt charge for delivery and only thinks about extra profit...

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Quote from: microsurfer on April 14, 2020, 04:10:52 AM

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

This is a sad figure, but kill means they will not recover anymore? I don't think so, at this crisis I can understand that the small ones will be affected but once this is over, maybe the government can allocate funds to help especially the small business to operate again.

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Quote from: Wysi on March 16, 2020, 03:51:15 AM

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?

So far there is no widely available vaccine for this disease but a global efforts are underway around the clock to try to create one and you will have to be patient because this is only past the start to beginning of the middle part of the crisis so in no way is it fully passed over yet even in the location it originated so stay safe everyone, be vigilant and help your neighbors and support your local communities because they will need it in these testy times

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Quote from: FanatMonet on April 14, 2020, 08:50:27 AM

Quote from: Smitty Werben Man Jensen on April 14, 2020, 06:23:11 AM

Quote from: microsurfer on April 14, 2020, 04:10:52 AM

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,

Governments have a very difficult choice when on one side is people's health, and on the other is an economy that can get a very significant blow right now, but the worst thing is that in theory it can easily turn into a recession, which can be fatal for many countries.

The government have no choice because it's the people that is responsible for improving the economy and therefore they need to protect the people's health. At the end of the day, life is still more important that money, so even if big countries will collapse as long as it was able to help its people in this crisis, the government will be appreciated and when the government gets the support of the people, it can easily recover.

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Quote from: Smitty Werben Man Jensen on April 14, 2020, 06:23:11 AM

Quote from: microsurfer on April 14, 2020, 04:10:52 AM

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,

Governments have a very difficult choice when on one side is people's health, and on the other is an economy that can get a very significant blow right now, but the worst thing is that in theory it can easily turn into a recession, which can be fatal for many countries.

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Quote from: microsurfer on April 14, 2020, 04:10:52 AM

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,

Janation

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Quote from: bakasabo on April 13, 2020, 02:07:46 PM

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.

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

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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.

Viscore

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Quote from: bakasabo on April 13, 2020, 02:07:46 PM

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.

bakasabo

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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.

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Quote from: TheAndy500 on April 13, 2020, 01:02:25 PM

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

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Quote from: Vishnu.Reang on April 13, 2020, 10:15:12 AM

Quote from: romero121 on April 13, 2020, 08:41:34 AM

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.

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Quote from: Wysi on March 16, 2020, 03:51:15 AM

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.

Vishnu.Reang

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Quote from: romero121 on April 13, 2020, 08:41:34 AM

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?

Topic: Corona has killed economy of many businesses - page 9. (Read 3459 times)