29Th Issue Apr. 6

“Radiating positivity, creating connectivity” CEBU April 6 - April 12, 2020 P15.00 BUSINESSVolume 2 Series 29 12 PAGES Room 310-A, 3rd floor WDC Bldg. Osmeña Blvd., Cebu City WEEK You may visit Cebu Business Week Facebook page. CV FIRMS MAY GO BANKRUPT Business leader says they face new reality of survival THE chairman of the no business and there is no Meanwhile, small Economic Development job,” Espeleta said. and medium enterprises Committee (EDC) of the Espeleta added that the (SMEs) can avail of loans up Regional Development immediate concern of the to P500,000 to recoup from Council (RDC) said most businessmen is on how to the coronavirus lockdown. businesses closed because reopen the business after Trade Secretary Ramon of coronavirus disease or the lockdown. That is the Lopez said the government COVID-19. challenge. is offering up to P200,000 Businessman Virgilio He said that this is the for micro SMEs and up to “Nonoy” Espeleta, who is reason why the RDC co- P500,000 for medium-sized also the immediate past chaired by International companies, at 0.5 percent president of the Cebu Designer Kenneth Cobonpue monthly interest and payable Chamber of Commerce and and Director Efren Carreon in 2 to 5 years. Industry (CCCI), said he is of the National Economic There will be a grace afraid several firms may go and Development Authority period of 5 to 6 months for bankrupt after COVID-19 is businesses are closed except consist of about 90-95 (NEDA) are thinking of ways payments. gone. pharmacies and those percent of our economy. to help closed businesses Micro businesses have “We have a big supplying food because of He said that if there are after the lockdown. P3 million in assets, small interruption on our the enhanced community “hand-to-mouth” workers “Kon ang negosyo firms have P3 million to assumption in the business. quarantine. In other whose income for the day nagkamang, makabangon. P15 million while medium We are facing a new reality words, “no business for the is for the day’s food, most Pero kon ang negosyo enterprises have P15 million that our businesses are employers, and no income MSMEs are also practicing nahapla, there is no way to P100 million. closed. The new word now for the workers.” the same. to survive. It’s sad to note “This will improve their is survival. Don’t mind Espeleta said the tourism “For example, a small because the beneficiary ofworking capital, helping business losses as long as we industry, export processing or medium company relies a business is not only the them recover,” Lopez said. survive,” Espeleta said. zone, construction industry, on current sales to pay for employer and his family According to Lopez, the The business interruption and business process the workers’ salary, rentals, but the employees and the loan fund, named Pondo sa started when flights halted at outsourcing (BPO) are the light, water, suppliers, and community as well,” Espeleta Pagbabago at Pag-asenso, Mactan-Cebu International major economic drivers of other operating expenses. said. will include food carts. Airport hitting hard the the regional economy, but Now, can you imagine what “In business, the owners Businessmen can apply for tourism sector. This was are all affected now. happens to both workers and the board will talk about loans at the Department of followed by closures of malls, Espeleta said most and employers under this profits at the end of the year. Trade and Industry’s Negosyo restaurants, and other places Philippine businesses are lockdown?” Espeleta said. Now, they talk how to survive Centers after the lockdown is people frequent. Micro Small and Medium “Remember that in the next and reopen after this crisis,” lifted on April 12. ELIAS O. At present, he said all Enterprises (MSMEs) that two to three months there is Espeleta said. BAQUERO 2 April 6 - April 12, 2020 Cebu Business Week LOCAL 2 floors in CCMC eyed as isolation center THE Cebu City govern- commentary analysis aired the mayor’s consultant said. at home. It will just self- billion for the purchase of ment is rushing the over dyRC, Carillo said the That’s why social destruct. Let’s not wait that sacks of rice, medicine and completion of a quarantine city is rushing the construc- distancing is very important what happened to Italy and food for the vulnerable sector. area at North Reclamation tion of CCMC, where two because transmission can Spain will happen to us, They are giving priority area that could accommodate floors will be used as- isolahappen only through cough, Carillo said. to the poorest of the poor. up to 400 patients. tion center for people under by touching objects that had On the possibility of Those that can no longer sell This unfolds as the investigation (PUI), he said. been touched by a positive placing the city under a their wares. Cebu City government eyes These days with coro- person. So it is very necessary lockdown, Carillo said he We distributed rice to two floors at the Cebu Citynavirus disease (COVID-19) that we should wash our won’t recommend it. He jeepney drivers, habal-habal Medical Center (CCMC) to be infecting the world, a mild hands as often as we can, preferred an enhanced drivers, trisikad drivers, the used as an isolation center. cough or runny nose is al- Carillo said. community quarantine. informal sector. They are Lawyer Gerardo Carillo, ready a signal that one has to He said the city has Lisod ang lockdown kay our priority, especially those chairman of Cebu City Risk self-quarantine, Carillo said. trained Barangay Health daghang kabus sa atong families that have senior Reduction and Mitigating Once it gets serious, he Emergency Response Team syudad sagad kanila mga citizens and children, he Council as mayor’s represen- or she should report to their (BHERT) in the barangays “hand to mouth existence.” said. tative, said they are also giv- barangay and for the City and they also know the Let’s just strengthen our They asked me why the ing assistance to government Health to report immediately protocol. monitoring, our contract priority. And I told them hospitals, like the Vicente so they can be referred to the “Ang uban man gud tracing. I encourage our because this is not intended Sotto Memorial Hospital and quarantine area, he said. moreklamo nga gisip-on sila people please if you are for everybody, Carillo said. Cebu City Medical Center We are advising the unya dili dayon matestingan. not feeling well report Those who have work, (CCMC), in anticipation of people to stay home because Pondo lang mo sa balay. Mora immediately to your health you still have your job. We hundreds of people needing by staying at home the cycle ra nig pneumonia. The more it center so you will be are prioritizing those people medical services. of this virus will be cut off. passes from person to another examined, he said. who lost their jobs because In a talk with Elias O. “Kung wala nay kapasahan the more it gets stronger. In the battle against of this calamity, the mayor’s Baquero’s “Yagyagan” pro- kini mamatay lang sa iyang The virus cannot COVID-19, Carillo said, the consultant said. KERES H. gram, a daily two-hour news kaugalingon. It will just die.” contaminate if you just city has appropriated P1 AVILES Stay home: Diamante CCMC receives WHILE government order to prevent confusion, The vice mayor said has adopted a holistic ap- he said. we are very critical and misting tents proach to counter the dread- At the same time, the dangerous situation. If we ed coronavirus-19 disease vice mayor has called on ev- have no business outside, (COVID-19), Tuburan Vice eryone to be united. “Labi it would be better to stay at Mayor Aljon Diamante said na karong panahona kitang home and be safe. it is everyone’s patriotic duty mga Sugboanon nga nag- COVID-19 is so great to help our leaders fight the puyo sa isla sa Sugbo dapat an issue that everyone killer disease. magkahiusa ta. Magtinaban- is affected. Not only our Speaking at “Yagya- gay ta kay wala ta kahibawog health, but our economy, as gan” program, a two-hour kinsay naigo na. Wala ta ka- well, he said. news commentary analy- hibawo basig kita na diay.” Diamante said the sis of commentator Elias (Cebuanos must unite. Let informal settlers, the hand- O. Baquero, the vice mayor us help one another because to-mouth existence families said government must syn- we can never tell who is go- will be the first casualty chronize its move to be more ing to be the next victim. in this war, not because of effective and prevent people Who knows, it’s either you coronavirus disease, but of CEBU City Medical Center (CCMC) recently received from getting confused. or me.) hunger. “Mangamatay ni Misting Tents from JCI ZUGBUANA. These tents are located This stemmed from the He said government silang nagsiga ang mga mata inside the CCMC premises and are now ready for use. metro wide panic buying officials should not besa kagutom.” left CCMC Hospital Administrator Ma. Yvonne Feliciano, in malls and massive ATM alone to face this worldwide So I am calling Medical Director Dr. Anton Oliver Reposar and withdrawals a few hours disaster. Let us help them all barangay officials Pulmonary Specialist Dr. Bernardita Chua were the first after Cebu Gov. Gwendolyn by being obedient to their throughout the country, users of the Misting Tents. Garcia announced last instruction. please set aside political Since the onset of the COVID-19 pandemic, donations week that she would place He cited government’s bickering and give priority in support of the frontliners keep pouting to CCMC from the entire province under a policy on social distancing.

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