IMPACT OF COVID-19 ON BUSINESSES IN PHILIPPINES

BLANCO,

DANCALAN,

DELOS SANTOS,

GRULLO,

IMPERIO,

LACUESTA,

LOZANO,

MENDOZA,

PALACIOS,

RAMOS,
I. Introduction

Covid-19 is a pandemic disease that can affect different people in different ways.

Most infected people will develop mild to moderate illness and recover without

hospitalization. It targets the respiratory system of a person that can lead to death. According

to World Health Organization the COVID-19 is mainly transmitted through droplets

generated when an infected person coughs, sneezes, or exhales. These droplets are too heavy

to hang in the air, and quickly fall on floors or surfaces. You can be infected by breathing in

the virus if you are within close proximity of someone who has COVID-19, or by touching a

contaminated surface and then your eyes, nose or mouth. At this point, there is no vaccine

and treatment for this Covid-19. However clinical trials evaluating potential treatments.

Due to the outbreak of this pandemic many counties collapsed. One of the countries

that is affected by this pandemic is the Philippines.

According to the current report on the 25th day of August 2020 at the World Health

Organization out of total 197,164 confirmed cases reported in the Philippines until today,

56% are male, with the most affected age group 20-29 years (26%) followed by 30-39 years

(24%), 56% of cases reported from National Capital Region (NCR), followed by

CALABARZON (14%), Central Visayas (9%), and Central Luzon (3%). Largest increase in

new cases from NCR out of 3,038 confirmed deaths, 61% are male, with the most affected

age group 60-69 years (33%) followed by over 70 (29%), 46% of deaths reported from NCR,

followed by Central Visayas (33%), CALABARZON (8%), and Central Luzon (2%). Largest

increase in new deaths from NCR. Department of Health (DOH) and WHO emphasizing the

need for compliance to, and proper implementation of, national guidelines at LGU level,

98.4% of health facilities daily reporting to DOH’s DataCollectApp showing below 48.6 %

occupancy rate of ward, ICU and isolation beds for COVID-19 patients nationally. In NCR,

out of 180 health facilities, 72.7% of dedicated COVID-19 beds are occupied. In

CALABARZON, 268 health facilities report 63.1% occupancy rate of dedicated COVID-19
beds. Currently 83 laboratories using RT-PCR are accredited for COVID-19 testing, as well

as 27 laboratories using GeneXpert. 89 laboratories are still in various stages of accreditation.

The pandemic drastically changes the lives of people, events postponed, the usual

health information services are limited, and socializing with friends and wider family is

highly prohibited and in some places even punishable. Many changes have taken place in the

Philippines, many protocols have been implemented to prevent this pandemic. Thisnew

normal we face today is a really big adjustment that some of the people in the community

could not follow.Besides knowing the impact of this pandemic on people, how about in

business. How does Covid-19 affect the business here in the Philippines?

This research is about the impact of Covid-19 to business in the Philippines.

Consisting of the country's analysis about political, economic, legal and cultural, and market

entry strategy.

II. Country Analysis

A. Political
B. Economic

C. Legal Environment
D. Cultural Environment

III. Opportunities and Challenges of Conducting Businesses in the Philippines in the

Midst of Covid-19 Pandemic

IV. Market Entry Analysis

V. Recommendations

VI. Conclusion