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Saturday, April 3, 2021

Getting a vaccine is a pathway back to normalcy

Getting the vaccine as soon as its available to you and your family is vital for everyone's protection. 


As we wanted to stop the virus from spreading, the only thing that we could do for the moment is to stay at home and disinfect everything. Do our business online as we wait for the vaccine. 


As government mulls extending the enhanced community quarantine (ECQ) in the so-called NCR Plus bubble until April 18 to slow down the spread of COVID-19, the rollout of vaccines must also be accelerated to help jumpstart a laggard economy.


According to BDO Unibank chief investment officer Frederico Rafael "Fritz" D. Ocampo, it is imperative that these two things be implemented for things to get back to normal.


"The pandemic is a public health issue, and so everybody wants to reopen the economy. Everybody wants to get back to normal. But the main issue is controlling the COVID spread and accelerating the vaccine rollout. Unless we're able to do these two top of mind and priority issues, then all of our dreams of getting back to normal will remain just a dream," he said in an interview with CNN Philippines. "What we have learned during the past year is when you have prolonged mobility restrictions, especially when you have a total lockdown of the economy, it just creates a lot of unemployed people and we tend to worsen the problem."

 

Ocampo also lamented the unenviable task facing the government right now amid the continuous surge of COVID-19 cases.


"It's a major challenge. The balancing act that you have to do right now is saving lives against saving jobs or saving the economy," he added. "We have to contain COVID and we have to accelerate the delivery of vaccines and start rolling them out in a more aggressive way. The sooner we do that, then the better it will be for our recovery, our reopening of the Philippine economy." 

 

According to OCTA Research, the number of COVID-19 cases is expected to continue to surge for the next couple of weeks despite the Inter-Agency Task Force for the Management of Emerging Infectious Diseases' decision to place NCR Plus (Metro Manila, Bulacan, Cavite, Laguna, and Rizal) under a general community quarantine bubble from March 22 to April 4.

 

Under the ECQ bubble, travel to and from Metro Manila and the four adjacent provinces is not allowed unless deemed as essential. These areas were also placed under a 10PM-5AM curfew. With these restrictions, the government hopes this will result to lesser increase in COVID-19 cases.

On March 29, the Philippines recorded 10,016 more COVID-19 cases, bringing the total count of newly-confirmed infections to 731,894, of which 115,495 are active cases.


To help jumpstart the economy, Ocampo opined the recovery of micro, small and medium enterprises (MSMEs) must likewise be one of the priorities. 

 

"The proposed ARISE (Accelerated Recovery and Investments Stimulus for the Economy of the Philippines) bill is still in the backburner. The longer we prolong the pain of the MSMEs, the more people will lose their jobs. The scarring could be permanent," he said.


The ARISE Bill, passed by the House of Representatives in third and final reading last year seeks to extend support to micro, small, and medium enterprises and other sectors affected by the pandemic

 

"We cannot talk yet of how they (MSMEs) are rebuilding because they're still in pain. More and more companies have declared downsizing this late in the game. They need assistance and they need it now. If we assist them, they they'll hire their old workers back again. And these workers will consume, and that's what we need. We are a service-driven economy," Ocampo added. # # #

 

BDO chief investment officer Frederico Rafael "Fritz" D. Ocampo (right) talks with Rico Hizon of CNN Philippines.

4 comments:

  1. Sana nga mag back to normal na tayo. Kapag nagpavaccine na. At sana nga safe naman yong vaccine.

    ReplyDelete
  2. Totoo po lahat po tayo walang ibang pinagdarasal kundi maging okay na nag lahat . Kaso hndi na nakokontrol ang pagdami ng cases . Mas lalo pang lumalaki . Sana ung vaccine maging malaking tulong din tlga para sa lahat 🤗❤️(Apple Joy Camañero)

    ReplyDelete
  3. I really hope that this pandemic will end soon and that there will be increments with the number of cases. I hope that they will truly find a long term solution to this problem.

    ReplyDelete
  4. I know that everyone of us are hoping and praying for everything to go back to normal. I know that vaccine is a big help for us to go back to normal. but sometimes it is because of some of our countrymen who don't know how to follow the rules. That's why the number of cases is still rising up. I hope that everyone should realize this sooner.

    ReplyDelete

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