BusinessMirror March 28, 2020

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ROTARY CLUB OF MANILA JOURNALISM AWARDS

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A broader look at today’s business n

Saturday, March 28, 2020 Vol. 15 No. 170

EJAP JOURNALISM AWARDS

BUSINESS NEWS SOURCE OF THE YEAR (2017, 2018)

DEPARTMENT OF SCIENCE AND TECHNOLOGY

2018 BANTOG MEDIA AWARDS

PHILIPPINE STATISTICS AUTHORITY

DATA CHAMPION

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HUMAN DOWN, CALL BOT BACKUP! By Elijah Felice Rosales & Cai U. Ordinario

W

ITH Covid-19 restricting a lot of human activity around the world, it seems the pandemic has brutally frontloaded or fast-tracked the resort to FIRe (Fourth Industrial Revolution), because now, people are forced to automate or leave many tasks to virusimpervious robots or AI just to live even the most minimally normal lives as possible.

However, according to an industry leader, government shouldn’t use the coronavirus pandemic to force businesses to automate their operations to prevent operations stoppage, as the issue here lies with the state’s lack of planning to combat the pandemic, an export leader said recently, as a Luzon-wide lockdown entered its second week. Philippine Exporters Confederation Inc. President Sergio R. OrtizLuis Jr. said it is up to firms to decide whether they should introduce automation to their activities. As much as automation would have saved the operations of many businesses at a

time like this, he explained that investing in new technologies requires heavy capital, making it difficult for many to adopt them. Furthermore, Ortiz-Luis said work would not have been called off if only there were enough preparations in the first place, especially on the side of the public sector. The Duterte government has initially declared a “community quarantine” covering just the National Capital Region on March 13. However, late on March 16, it declared a Luzon-wide “enhanced community quarantine” that banned public transportation, forcing work-

ers to scramble for a ride home to meet the midnight deadline. Businesses, especially in manufacturing, were paralyzed the next day, and economists mostly foresee a recession.

Health ecology

“I DON’T think the coronavirus pandemic will fast-track our advent into the Fourth Industrial Revolution. Its first and foremost effect will be on health ecology, as well as the communications system of the government,” Ortiz-Luis told the BusinessMirror. “Obviously, in times like this,

we can’t just remove our labor from offices and factories even if the firm’s operation is automated because who will manage the technologies?” he added. The best thing to do in the future, Ortiz-Luis argued, is to prepare well for a similar crisis. This way, there won’t be a need to place an entire island under community quarantine and force firms to call off work in the process.

Medical sector

IF there’s a sector that should welcome the innovations of the Fourth Continued on A2

The humming of Chinese plants returns as rest of world reels

W

By Bloomberg News

its massive aviation market to a size smaller than Portugal’s, carriers are slowly restoring flights. Scheduled capacity rose 2.4 percent last week from the previous seven days to 9.2 million seats, while all the other top 10 markets in the world continued to decline, according to flight-data analytics firm OAG Aviation Worldwide. Other signs include Chinese subway traffic increasing 21 percent last week, and online sales of large appliances rebounding in both volumes and average prices on a week-to-week basis, according to Bernstein. Much of China was closed for weeks starting in late January after the outbreak extended a Lunar New Year holiday break. Here’s where some manufacturers in China are now with their ramp-ups:

HILE much of the world’s output is grinding to a halt because of the coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights.

A recovery in the world’s second-largest economy provides some relief for global manufacturers in the months ahead as the outbreak continues to wreak havoc in Europe, the US, India and Latin America. Employees are returning to work, production lines are starting to roll and even the original outbreak epicenter of Wuhan is ending its lockdown soon. Car sales in China probably hit a bottom last month and are set to gradually rebound as the spread of the virus slows and consumers return to shopping, an auto industry group said this month. “Real-time indicators show that

China is restarting its industrial complex,” analysts at Sanford C. Bernstein said in a note Tuesday. “Clearly the restart is at an early stage, but things are gradually improving.” Data released on Wednesday showed that car sales in China, the world’s largest market, have now increased week-on-week since the start of February. While last week’s sales still represented a drop of 40 percent from a year earlier, it’s an improvement from declines of as much as 96 percent last month, according to data from China Passenger Car Association. At the nation’s airline industry, whose slump last month decimated

PESO EXCHANGE RATES n US 51.0740

BMW

EMPLOYEES work on an assembly line at a Dongfeng Honda plant in Wuhan on March 23.

STR/AFP/GETTY IMAGES

PRODUCTION at BMW AG’s Shenyang plants resumed on February 17, and the German carmaker said it is confident the Chinese government will manage the crisis and defeat the epidemic. Continued on A2

n JAPAN 0.4669 n UK 62.1162 n HK 6.5885 n CHINA 7.2241 n SINGAPORE 35.6986 n AUSTRALIA 30.8436 n EU 56.3448 n SAUDI ARABIA 13.6016

Source: BSP (March 27, 2020)

HAIYIN | DREAMSTIME.COM

DRONES TO DISINFECT STREETS. KIOSKS TO MOVE MONEY. HAS THE SOCIAL DISTANCING THAT GOES WITH COVID-19 FORCED PEOPLE TO REVISIT THEIR AUTOMATION BLUEPRINTS?


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