The impact of COVID-19 is all down to inequality
First it was a suggestion and then it became an order: wash your hands and keep your distance. Those two seemingly simple actions represent the world we live in today. A world in which millions of people lack the water necessary for the first order and the space for the second. Later we were told to confine ourselves, something also out of the reach of many. Covid-19, or Coronavirus, is highlighting the profound inequality that exists in our global society and between our states.As the pandemic spreads, healthcare systems are finding that they lack the resources necessary to cope with the cris...
Government to boost infrastructure spending to cushion COVID impact
Government to boost infrastructure spending to cushion COVID impactMary Grace Padin(The Philippine Star) – April 6, 2020 – 12:00amMANILA, Philippines — The government plans to increase its spending on infrastructure to help the economy recover from the damage caused by the coronavirus disease 2019 or COVID-19, according to the Department of Finance (DOF).In a text message to reporters, Finance Secretary Carlos Dominguez said the government is now assessing the impact of COVID-19 on the economy to guide the economic team in formulating a recovery plan.“We are now determining the damage to the e...
Public procurement: COVID-19’s impact for TZ gov’t contracts
Africa’s gross domestic product (GDP) in 2020 will likely reduce by 3 to 8 percentage points (Jayaram, K., Leke, A., et al. “Tackling COVID-19 in Africa: An unfolding health and economic crisis that demands bold action.” McKinsey & Company, April 2020). Public procurement—that is, the purchase of goods, services and works by governments—contributes circa 14.9 percent of GDP in Sub-Saharan Africa, according to World Bank data.The activity has not been spared by the ongoing COVID-19 pandemic. This is not to say that government contracts have been robotically suspended. Nevertheless, because of t...
What impact is COVID-19 having on Middle East conflicts?
Beirut (AFP) - The novel coronavirus has put global trade on hold, placed half of the world population in confinement and has the potential to topple governments and reshape diplomatic relations.The United Nations has appealed for ceasefires in all the major conflicts rocking the planet, with its chief Antonio Guterres on Friday warning "the worst is yet to come". But it remains unclear what the pandemic's impact will be on the multiple wars roiling the Middle East.Here is an overview of the impact so far on the conflicts in Syria, Yemen, Libya and Iraq:SYRIAThe COVID-19 outbreak turned into a...
COVID-19’s catastrophic impact on middle market companies
National Center for the Middle Market details COVID-19’s potentially “catastrophic” impact on middle market companiesQ4 2019 hedge fund letters, conferences and moreCOLUMBUS, OH — The National Center for the Middle Market (NCMM) announced today that the coronavirus (COVID-19) pandemic will have a catastrophic impact on as many as 25 percent of U.S. middle market companies.Coronavirus To Have A Negative Impact On Middle Market Companies' RevenueA survey conducted by the NCMM of more 250 middle market executives from March 23-25, 2020, shows that nearly all middle market companies foresee some n...
As founding director of Bangkok’s La Lanta Fine Art, Sukontip Prahanpap is now struggling with the impact of Covid-19, especially following the government’s announcement that it will close down museums and other public spaces until the end of this month.“Our gallery regularly participates in international art fairs to promote our artists’ work to international audiences. With the recent escalation of Covid-19, all of the art fairs that were scheduled for spring and early summer have been postponed to autumn. Consequently, our programmes have to be adjusted to this new schedule. The postponemen...
The Bangkok Post
Latin America's biggest cemetery braces for impact
Sao Paulo (AFP) - The biggest cemetery in Latin America, a seemingly endless stretch of graves on the outskirts of Sao Paulo, is adapting to the new funeral rites of our times: six-minute burials, no wakes, no hugs.And it is bracing for things to get a lot worse.On a recent afternoon at Vila Formosa cemetery, coffins were arriving so quickly the grave-diggers had to ask mourners to wait.Mourners with "D3" marked on their loved one's death certificates -- for suspected or confirmed cases of the new coronavirus -- were ordered to keep funeral parties to less than 10 mourners, no open caskets or ...
Covid-19 impact on airlines ‘severe’: IATA
Covid-19 impact on airlines ‘severe’: IATA Cash reserves key to survival amid slumpThai Airways International (THAI) operated its last international service out of Suvarnabhumi International Airport Wednesday, before the flag carrier goes into an “operational hibernation” because of the Covid-19 pandemic.Flight TG920 bound for Frankfurt, Germany took off at 5.15am on Wednesday, more than five hours later than usual. The flight took off with a grim warning in its wake.The International Air Transport Association (IATA) published an analysis which shows that airlines may burn through US$61 billio...
The Bangkok Post
How will coronavirus impact on the 2020 US presidential race?
WASHINGTON – Exactly a month ago, on March 3, I drove to Northern Virginia to interview voters. The presidential primaries were under way, and a steady stream of voters kept coming in and out of the ballot stations in Alexandria and Arlington despite a rainy morning. Some 1.3 million people turned out to vote – nearly 30% more than in 2016’s primaries.Today, that sight of hundreds of people gathering in the same place seems like a distant memory. Are we going to see these lines again in 2020?Fifteen states have already announced they’d postpone their primaries, six of them to June 2, which has...
Jpost.com - The Jerusalem Post online edition
Policy support key to service sector recovery
China Daily | Updated: 2020-04-02 07:37The novel coronavirus outbreak has had a huge impact on China's economy, but now that it has largely been contained, the country is promoting orderly resumption of work and industrial production.However, the service sector has suffered the most, with canceled or reduced orders for some export-oriented enterprises casting an unemployment cloud on migrant workers.That underscores why the Ministry of Agriculture and Rural Affairs and the Ministry of Human Resources and Social Security recently issued a joint statement providing policy support and guidance se...