Karinderya Owners Expresses Fear of Bankruptcy Amid ECQ

Karinderya Owners Worried About Possible Bankruptcy If ECQ Extends

Several karinderya owners and small entrepreneurs along Ermita, Manila were expressing their fear for possible bankruptcy amid ECQ.

Nowadays, the entire world is suffering from the negative impact of the coronavirus disease. The illness affect millions of people and took thousands of lives over the past few months, which is very alarming.

The viral infection does not only affect the public’s health but also causes a negative impact to the global economy. A lot of people have lost their jobs and source of income due to the COVID-19 pandemic.

Karinderya Owners

The Philippine government is implementing stricter health protocols and quarantine guidelines to prevent the further spread of the virus. However, the stricter policy causes bankruptcy to small businesses.

Recently, the karinderya owner in Ermita, Manila are expressing their fear of bankruptcy if the government would extend the enhanced community quarantine in the National Capital Region. Most of them have suffered from loss of income due to limited number of customers.

The eateries are now struggling as companies implement work suspension and placed their employees at a work-from-home arrangement. Some karinderya have closed due to overwhelming expenses.

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Previously, the small entrepreneurs were earning P12, 000 to P15, 000 per day. Currently, they are earning only P6, 000 to P7, 000 a day, which could not even compensate their expenses.

The disappointed karinderya owners are expressing their frustrations regarding the surging prices of electricity, water, gasul, rent and salary of their employees. They are hoping that the government would not extend the lockdown.

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