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Can Unsecured Loan Creditors be Lenient at this Time of Coronavirus Panic?

unsecured loan

By: Elena Grace Flores

Unsecured loan offers are up for grabs nowadays online. Most of them have mobile apps that are convenient to access. It just needs a government-issued ID, a mobile phone number, some reference contacts, and income documentation. Employees and business owners with DTI registrations can get approved within 24 hours or so. The catch is in the short credit terms from 7 to 14 days with interests that can double the borrowed amount. Bad debts incurred during the coronavirus panic are not without consequences.

YouTube video by One Minute Economics
Secured vs. Unsecured Loans in One Minute: Definitions, Explanations and Comparison

Secured vs. Unsecured Loan

By understanding what secured loans are, what unsecured loans are and what similarities, as well as differences, exist between secured and unsecured loans, you’re basically taking the first steps toward financial responsibility.

Unsecured Loan is Easy to Get but Interests are High

Secured loans require collaterals. You can loan a higher amount versus the value of a car or a house. This is a more responsible form of loans. On the other hand, unsecured loans usually needed during emergencies are available at shorter terms with a lot of higher interests.

Acceptable Unsecured Loan Providers

One month to two months loan terms are enough to go through tough times. The payment dues can also coincide with the usual paydays. Borrowers can likely survive a crisis with these financial aids. Not unless the problem with the finances is prolonged. In the Philippines, Tala, Asteria, and Atome are a few good examples.

Quick Loans with a 3rd Party Collector

Failure to repay a debt affects a borrower’s credit record. There may be no collateral to lose but they’re not without recourse if a one defaults on the loan. Lenders can put bad debts into collections and take legal action. This is for them to recoup some or all of the debts. Any kind of loan default negatively affects credit scores. Collections and civil judgments also show on credit reports for seven years. This is from the date the account first went delinquent or the date of the ruling. When an account becomes seriously past due, the creditor can sell the debt to a collection agency. Collection accounts have a significant negative impact on credit scores. Despite the emergency, it is best to refrain from resorting to these loans. A disaster awaits those who succumb to such offers.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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Filipino Evacuees from the Diamond Princess Cruise ship in Japan Arrived in the Philippines

coronavirus

By: Elena Grace Flores

The 309 Filipinos landed at the Haribon Hangar of the Clark Airbase in Pampanga 10:15 p.m., Tuesday. They were aboard Philippine Airlines chartered flight. They all tested negative for coronavirus infection before boarding the plane and leaving Haneda Airport. The second batch consisting of at least 140 Filipinos who departed an hour later arrived shortly before midnight. This brings the total to 451 evacuees to return to the country.

YouTube video by CNN Philippines
Over 400 Filipinos from cruise ship in Japan to arrived

80 were Positive

70 Filipinos who have fallen ill to the coronavirus disease did not make it home yet. In total, 80 Filipinos board the Diamond Princess tested positive for the novel coronavirus. Ten of them have recovered and given a clean bill of health. They made it to the repatriation, the DFA said.

More Tests

The evacuees underwent screening for flu-like symptoms before landing at Clark. Those who manifest signs of respiratory illness were subject to isolation. One area in the aircraft was designated for this before they are taken to a hospital for treatment.

Mandatory Local Quarantine Period for Coronavirus

The remaining evacuees are now in a 14-day quarantine at the New Clark City in Capas, Tarlac. This is part of the government policy. The medical and response teams, crew members, and other personnel who accompanied the Filipinos from Japan are not exempted from this.

Status in the Philippines

In the Philippines, three Chinese nationals who are all from Wuhan have been infected with the Novel Coronavirus. One of them died. The remaining two recovered and already left the country. A total of 516 individuals have tested negative for the virus who came in contact with them. The government awaits 44 more lab results.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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Filipinos On Board the Diamond Princess Return Home as Coronavirus Fear Arises

Diamond Princess

By: Elena Grace Flores

The local government of Capas in Tarlac has some concerns. The New Clark City Athlete’s Village or NCC is the quarantine area of the Filipino repatriates from the Diamond Princess. They are set to arrive there on Sunday from Yokohama. Their fears are legitimate over the coronavirus. Precautions are in place, Malacañang assures them. Health Secretary Francisco Duque III said the exact number of repatriates is not yet known. Their tests must show negative results for COVID-19. Symptoms of the illness are enough to leave them in Japan. The ones who recovered can join the repatriation. Another 14-day quarantine period locally is at stake.

YouTube video by Global News
Coronavirus outbreak: Number of confirmed COVID-19 cases on cruise ship in Japan rises

Coronavirus Update

Cases of the novel coronavirus, known as COVID-19, are rising inside the Diamond Princess cruise ship docked in Japan. As Mike Armstrong reports, putting thousands of people under quarantine was supposed to help stop the spread of the virus, but it may have had the opposite effect.

They Want to Go Home

All the Filipino crew and passengers of the Diamond Princess cruise ship who are negative for the coronavirus disease 2019 (COVID-19) express their desire to return home to the Philippines. The Department of Health (DOH) attests to this. 495 Filipinos are still on the cruise ship after the two-week quarantine period passes. The 43 Filipinos who are positive for the virus are still in the hospital.

Two Chartered Planes for the Diamond Princess Crews

Duque said that two chartered are ready to bring back the Pinoy crew and passengers. They voluntarily present themselves to return to the country. The DOH official hints that they are not discounting any possibility that some of them have a change of heart on the day of their departure. So, the figures can still change.

The Coronavirus Fears in Other Countries are Real

The Americans from the Diamond Princess had some complaints about the handling of their transfer. Their ordeal in the so-called floating prison did not serve a purpose when the negative ones have to join the untested people in one airplane. Another doctor from Germany who had the chance to inspect the ship also narrates his fearful experience of how the mismanagement of the disease on board went. The Philippines should have the courage to learn from their plights to keep the Filipinos safe.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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Legitimate Fears in Capas, Tarlac Loom as Coronavirus-Stricken Diamond Princess Repatriates Arrive

coronavirus

By: Elena Grace Flores

The local government of Capas in Tarlac has some concerns. The New Clark City Athlete’s Village or NCC is the quarantine area of the Filipino repatriates from the Diamond Princess. They are set to arrive there on Sunday from Yokohama. Their fears are legitimate over the coronavirus. Precautions are in place, Malacañang assures them. Health Secretary Francisco Duque III said the exact number of repatriates is not yet known. Their tests must show negative results for COVID-19. Symptoms of the illness are enough to leave them in Japan. The ones who recovered can join the repatriation. Another 14-day quarantine period locally is at stake.

YouTube video by Global News
Coronavirus outbreak: Number of confirmed COVID-19 cases on cruise ship in Japan rises

Coronavirus Update

Cases of the novel coronavirus, known as COVID-19, are rising inside the Diamond Princess cruise ship docked in Japan. As Mike Armstrong reports, putting thousands of people under quarantine was supposed to help stop the spread of the virus, but it may have had the opposite effect.

They Want to Go Home

All the Filipino crew and passengers of the Diamond Princess cruise ship who are negative for the coronavirus disease 2019 (COVID-19) express their desire to return home to the Philippines. The Department of Health (DOH) attests to this. 495 Filipinos are still on the cruise ship after the two-week quarantine period passes. The 43 Filipinos who are positive for the virus are still in the hospital.

Two Chartered Planes

Duque said that two chartered are ready to bring back the Pinoy crew and passengers. They voluntarily present themselves to return to the country. The DOH official hints that they are not discounting any possibility that some of them have a change of heart on the day of their departure. So, the figures can still change.

The Coronavirus Fears in Other Countries are Real

The Americans from the Diamond Princess had some complaints about the handling of their transfer. Their ordeal in the so-called floating prison did not serve a purpose when the negative ones have to join the untested people in one airplane. Another doctor from Germany who had the chance to inspect the ship also narrates his fearful experience of how the mismanagement of the disease on board went. The Philippines should have the courage to learn from their plights to keep the Filipinos safe.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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Tourism Rehab is More Important than ABS-CBN

rehab

By: Elena Grace Flores

The ABS-CBN saga already has enough attention to continue to report on. It just boils down to having a compromise with the government. The real big problem for the economy at this point after the coronavirus outbreak is the tourism industry. With all the flight cancellation to and from the One China countries, losses are enormous. It is paramount to the tourism industry-independent families to start its rehab as suggested by tourism player, Bobby Joseph.

YouTube video by Elena Grace Flores
The Tourism Sector is Greatly Affected by the Coronavirus
Bobby Joseph explains the serious tourism losses due to the coronavirus and how to recover from the financial ruins.

Chinese Travels

Chinese travels are not only limited to tourism. The business sectors are also unstable. On top of that, the continuity of Chinese students in the country is also uncertain. The service infrastructure from the taxi drivers to hotels are experiencing the sudden drop of revenues. The situation even worsens when Taiwan and Hongkong got the ban. This is regardless of their independent status because they are prone to the contamination location-wise.

Non-Renewal Compared to Media Shutdown

Some human rights lawyers’ claim that the ABS-CBN non-renewal threat is reminiscent of martial law years. The late Ferdinand Marcos Sr.’s alegged media control is only something they can pinpont to. However, the Office of the Solicitor General files a quo warranto petition before the Supreme Court against ABS-CBN already.

Oligarchs in the Country

There are currently 11 bills before the House of Representatives in support of the franchise renewal of ABS-CBN. This shows that even the upper house is infested by oligarchs; President Rodrigo Duterte hinted. He said that ever since time immemorial, the rich people who monopolize businesses are also trying to run the country. This is in line with the former President Marcos’ justification as he battles the communist rebels.

Tourism Rehab is a Priority

It’s unbelievable that a giant media network’s plight that is all-powerful and well-funded would seek the public’s opinion on their disagreement with the government. There may be a lot of people affected as well but nothing compared to the sufferings of the tourism industry dependents right now. The rehab suggested is the replacement of international trips with the domestic ones. Well, the country is no doubt the best destination during the coronavirus scare. Thanks to its heat.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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Coronavirus Life-Saver: PI Tourism Figure is Grateful to Japan’s Donate First Attitude

donate





By: Elena Grace Flores

The Philippines didn’t know what to do at first on how to respond to coronavirus emergency situations. A Chinese man who collapsed in a Manila sidewalk was ignored by rescuers because of fear to be contaminated. Tourism enthusiast and founder of the 888 News Forum, Bobby Joseph discloses at the Marco Polo Hotel recently that it was Japan who made the life-saving efforts. He’s grateful to their donate first attitude before putting the blame on anyone. Kits for the first responders were distributed in time that includes a protective suit that the country obviously did not have because of unreadiness.

YouTube video by Elena Grace Flores
Japan Sent Kits for Coronavirus First Responders to the Philippines

Latvia Consul and tourism figure, Bobby Joseph is grateful to Japan for sending safety gears to the country’s medical practitioners who are in the front line for coronavirus prevention and control.

Panic Buying

Masks were sold out from drug stores nationwide. Some even used condoms to protect their hands when operating an elevator. The unknown nature of coronavirus added to the paranoia. Even the Philippine National Police was in limbo on what to do when medical practitioners refuse to help.


Economic Disaster

Joseph said that it is evident that economic ruins are at stake. Malls are empty and people do not want to spend money. It was noble however for some Filipinos who did not fail to donate masks to others who do not have. He appreciates the Japanese authorities to be able to think straight the Filipinos are panicking.


Serious Effects on Tourism

The country has 3 million tourists. 1.6 million are foreigners and 1.4 million are local travelers. While it is understandable that international travels are limited for the time being. Philippines can take advantage of domestic tourism. He agrees to President Rodrigo Duterte’s campaign urging Filipinos to travel to other destinations within the country.



The Philippine Advantage

Panic can only do harm than good. Tourism-dependent people and even farmers in the agri-tourism businesses are now suffering from the drastically declined number of tourists. This is the time that Filipinos can benefit from cheaper arrangements and purchase some crops at a lower rate. One must not forget that the greatest advantage of the Philippines is the warm weather. No virus can spread quickly because they can be disinfected by the intense heat of the sun. People around the world can only hope that it will be summer very soon.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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The Degree of Cebu’s Mactan Airport Coronavirus Management Shocks Taiwan

degree





By: Elena Grace Flores
Media practitioners at the 888 News Forum, Marco Polo Hotel hailed Andrew Harrison, Chief Executive Advisor, Mactan-Cebu International Airport. This is for his contribution to the proper management of the facility. Then just days after, his team is challenged by the degree of coronavirus measures that they have to implement to unwilling 78 travelers from Taiwan upon their arrival in Cebu. That surely shock Taipei. It now considers “retaliatory measures” if Manila would not immediately lift its inclusion in the travel ban, said Angelito Banayo, chairman of the Manila Economic and Cultural Office in Taiwan. There’s also a threat that the no-visa policy for Filipinos in Taiwan for tourism can be revoked.

YouTube video by Elena Grace Flores
Mactan Cebu Airport Hailed for Effective Management

Andrew Harrison explains Mactan International Airport’s effective measures in improving Mactan Airport in Cebu.

Degree of Commotion at the Airport

According to Mactan-Cebu International Airport General Manager, Steve Dicdican both Filipinos and foreigner passengers were furious after they were subjected to a quarantine arrangement. They claimed that they were not told in advance. The travelers only accepted their fate after knowing the official order, which is imposed on passengers from mainland China and its special administrative regions hit by COVID-19. Dicdican is certain that additional security forces are needed as they expect more resistance from travelers coming from Taiwan.


Part of China?

Taiwan is an independent state but the Philippines considers it part of China under the one-China policy. The Bureau of Immigration recently ordered the Taiwan travel ban. It follows the same procedures as in the previously announced restriction for China and its Special Administrative Regions, Hong Kong and Macau. Filipinos and foreigners with permanent resident visas may be allowed entry but will be turned over to the Bureau of Quarantine for assessment, Immigration Commissioner Jaime Morente clarified.


Challenge of the Unknown

Harrison said that although influenza and other diseases caused by viruses have more deaths than coronavirus, the challenge is in dealing with the unknown. Therefore, personal hygiene from washing hands to temperature checks must not be overlooked. Let alone the following of the government’s quarantine rule despite causing chaos at the airport.
“The technology exists, let’s use it,” the former senator insisted.



Positioned as the Gateway of the Visayas

Aside from having direct international flights particularly from Narita to Cebu, Mactan International airport’s degree of management can’t be compromised. They positioned Cebu as the gateway to the Visayas. So, it must adhere to international standards from safety to facility maintenance. Harrison also added that although the tourism industry is badly hit by the coronavirus outbreak, it’s just a matter of time that the travel paranoia will die down because no viruses can withstand the hot weather in Cebu. Perhaps, international travelers would favor coming to Cebu alternatively to going to the banned countries because of the unfortunate outbreak. The more than 80,0000 domestic travelers are also a plus.