In for a challenging time

It got progressively more stringent with the measures to contain this Covid-19 coronavirus pandemic. Short of a total lockdown or a curfew as seen in other countries, most physical work places would be required to be closed for four weeks starting 7 April ending 4 May. Schools and Institutes of Higher Learning are to move to full home-based learning from 8 April. What we will see continuing are work places that provide essential services and those in economic sectors critical for local and global supply chain. There will not be sit-in dining for all F&B outlets, coffee shops and hawker centres. Only takeaways and deliveries are allowed.

The measures are to restrict social contacts and to stay at home as much as possible. In this way, we can hopefully break the transmission of Covid-19 in the community.

The impact on business activities will be significant. Business income will be reduced for most businesses and take-home pays for most employees will also be reduced. It is difficult to be optimistic in this environment when we are not seeing the end of the spread of Covid-19. As it is now, the stock markets have taken a major hit in March. April will see more downside risks to stock markets and investments.

Covid-19 pandemic is a global problem. World leaders have to come together in a coordinated effort to stem the pandemic.

During this uncertain time, the wise saying that we ought to save for a rainy day rings true. We will need cash to tide us over this challenging time. When we have savings, we would be less anxious. If one were able, lend a helping hand to those who are less fortunate than us. Buy from your local small businesses. Buy take-away meals from your favourite hawker stalls and food outlets at coffee shops. Give in kind to the community fridge nearby.

The most important thing to do is to protect yourself adequately. Once you are healthy, your immediate family members get protected too. Less social contacts during this period is critical to slow the infection transmission rate. Stay at home as much as possible.

This reminded me of a song: “We shall overcome”.