ACROSS seas, seafarers, their ships and the global cruise ship industry are manning panic stations like never before. Covid-19 continues to hammer the well-being and economic future of over 400,000 Filipino seafarers in one of the most dramatic episodes on Filipinos’ international labor migration.
The trade war between Beijing and Washington has shaken up the world market since it started in 2018. A part of the economic disputes between the world’s two largest economies involve millions of farmers: “Escalation of a trade war between the United States and China can throw a monkey wrench in the gears moving agriculture trade.
Steady economic policy failures over a prolonged period create lack of confidence in government. This is followed by an “out with the old; in with the new” action. Unfortunately, bad economic policy reaches far into the future, and like a mammoth supertanker, cannot change course quickly.
Their lives are at risk every day, but mostly from hazards they constantly train to handle—the possibility of electrocution. In the era of the Covid-19 pandemic, however, they concede the perils are different, sending a certain chill down their spine as they set out to work each day. Handling huge voltages of electricity is something they know about, but dealing with an unseen virus, and worse, possibly infecting one’s loved ones, is mental torture.
Overseas Filipino workers (OFWs) are considered modern-day heroes because they save the economy more than once by sending hard-earned cash back to the Philippines, boosting liquidity and consumption. As host countries grapple with coronavirus disease of 2019 (Covid-19), the tap substantial to gross domestic product at 10 percent, at least may only give drips.
With all the exciting things going on in the Philippines and around the world, talking about the stock market would seem to be a low priority. Except with all the exciting things going on with the stock markets in the Philippines and around the world, talking about the stock market is critical.