We are sorry, the requested page does not exist
Canada wildfires inflict brutal toll on tourism, other areas of economy
Joanna Schlosser found refuge from advancing wildfires at a winery where she works, but is now dealing with a tourism downturn and other wide-ranging fallout on the business -- and Canada's economy. An inferno jumped Okanagan Lake and was barreling down hills behind her Kelowna home when a knock on the door woke up the family of five, ordering them to leave immediately. For two weeks, they stayed at a guest house at Quails' Gate winery with other evacuees, some of whom lost their homes. About 200 houses in the valley would be destroyed. "Your home is your biggest investment and with only five minutes to get out you start to reel about things you left behind that you might not ever see again," Schlosser told AFP. She also fretted about the grape harvest now underway. None of the 222 wineries in the region reported any direct fire damage. But they suffered a big drop in revenues as tourists stayed away during the peak month of August. Kelowna's airport and main highway closed temporarily. Tasting tours, weddings, and other events at the wineries were canceled. "We're now facing a pretty devastating season in terms of winery traffic and sales," said Schlosser. Across Canada, more than 15 million hectares (37 million acres) have been scorched, and 200,000 people displaced, spanning from Halifax on the Atlantic coast to parts of the Northwest Territories. Stephen Brown of Capital Economics noted that forest fires do not normally have a measurable impact on the Canadian economy. But this year, he said in a research note, "With the fires so widespread, we are seeing more of an impact than usual." "The worst Canadian wildfires on record appear to be behind much of the recent weakness in GDP and, with more areas now under evacuation orders, the data are likely to remain weak in the coming months," he said. Sun blocked, roads closed Statistics Canada on Friday reported a 0.2 percent contraction in the second quarter and a weak start to the third. It pointed to wildfire disruptions at mines and oil facilities. Lumber mills were also idled. Outfitters saw their livelihoods upended by fishing bans. A road to Tofino, a tourist hotspot on Vancouver Island with ancient forests and sandy beaches, was cut off. In the Okanagan Valley, orchards lamented smoke blocking out the sun delaying the ripening of apples. The toll, however, is "not as bad as it could have been," said Tony Stillo at Oxford Economics. "Even though the wildfires are record-setting, they're happening in more remote areas with less of an implication for large population or economic centers or transportation corridors -- things that would cut off supply lines," he explained. Disruptions have also been relatively short. Oxford Economics in a June report warned that wildfires could slash Canada's economic growth this year by as much as 0.3 to 0.6 percentage points. Firefighting costs rise Ottawa estimates the annual cost of fighting wildfires at Can$1 billion (US$737 million) and noted that, according to the Canadian Climate Institute, climate impacts such as more and bigger fires could halve Canada's projected economic growth in the coming years. By 2030, the average annual losses from disasters are forecast to reach Can$15.4 billion. Insurance losses have already jumped fivefold since 2009 to more than Can$2 billion annually, according to the Insurance Bureau of Canada. The bureau's Jason Clark said the number of catastrophic events and insurance payouts will continue to rise. Most worrying, he said, is that Canadians aren't dealing anymore with one localized disaster every few years or decades, but rather "several events stacked on top of each other in a single year" -- including fires, floods, heatwaves, and powerful storms. "Where countries regularly experience large losses it has a significant impact on insurance risk assessments and premiums," he said. "We need to be better prepared." Back at Quails' Gate, Schlosser assessed the smoke's impact on grapes, noting that the industry has developed mitigation techniques. "Sometimes it works quite well and others (the smoke taint) is just not something you can avoid," she said, adding that "sommeliers may talk about it in terms of terroir like it's part of that vintage." Smoke taint can add character to a wine, but also risks producing overpowering burnt or medicinal notes. The post Canada wildfires inflict brutal toll on tourism, other areas of economy appeared first on Daily Tribune......»»
New PNR norm: Electric trains
When the Philippine National Railways resumes operations after a five-year hibernation, Filipinos will discover an entirely modern railway that will use an all-electric system. By that time, the diesel-powered engines would all be relegated to the train museum. In his speech before the Transport Logistics Forum held at the World Trade Center on 17 August, PNR Chairman Michael Ted Macapagal said the agency is hard at work to complete the North-South Commuter Railway or NSCR, which will run from Clark Air Base in Pampanga to Calamba City in Laguna, a distance of 147 kilometers, for P873.62 billion. The forum was sponsored by the Italian, German, French, and Spanish Chambers of Commerce. Macapagal said that once the project is completed, five years hence, all trains running on diesel fuel will be replaced with a fleet of 60 electric multiple units, “which are at par with world standards in terms of safety and comfort.” Macapagal said PNR is thus rebuilding the country’s railway system from the ground up. “The NSCR is long overdue, while other countries transport people and goods by train, the Philippines depends on cars and trucks to achieve that purpose, which is why we have these daily traffic snarl-ups that cost us, according to studies, the equivalent of $25 billion a year,” according to the PNR chief. The refurbished rail line will be able to transport 800,000 passengers every day. Travel time from one end of the line to the other will be cut in half, from eight to four hours. He said the trip will be even shorter for express train passengers. The PNR is undergoing reconstruction after President Ferdinand “Bongbong” Marcos Jr. said his administration will give priority to the development of more efficient railways for public transport. The NSCR is only the start, revealed Macapagal. “Having set the project in motion, President Marcos now wants to begin construction of the North Long Haul, the South Long Haul, the Panay Railway, North Mindanao Railway, and San Mateo Railway, all spanning a total of 1,024 kilometers,” he indicated. NSCR connects to Ilocandia Of the five projects, the North Long Haul is the most ambitious. It will connect NSCR to the Poro Point Free Port Zone, Laoag International Airport in Ilocos Norte, and Port Irene and Lal-lo International Airport in Cagayan. The chairman said President Marcos regards the railway projects as the country’s framework for economic development. To give way to the construction project, PNR has stopped train operations from Alabang to Laguna. It is set to suspend all operations in Metro Manila also. “That’s why the LTFRB, prodded by PNR, is expeditiously approving franchise applications for additional buses in affected areas,” Macapagal related. As PNR chairman, Macapagal identifies priority projects with the help of the board, which falls under the authority of Transportation Secretary Jaime Bautista. “If we are a basketball team,” Macapagal said in his address, “Secretary Bautista is the MVP. Of course, President Marcos is the head coach. I’d like to think I am the point guard.” The PNR station in Ligao City, Albay recently reopened after six years of hiatus. Every day, the first PNR trip from Ligao to Naga leaves at 5:30 a.m. and is followed by a second trip at 5:30 p.m. from Naga to Ligao. The cheapest fare is P15 for the first station and goes up to P105 for the entire stretch of the train system. The post New PNR norm: Electric trains appeared first on Daily Tribune......»»
PNR: Massive train projects drive growth
State-owned railway company Philippine National Railway or PNR said the massive pipeline of train projects will not just offer convenience to commuters, but it will also help the economy trim the revenue losses due to traffic congestion, especially in Metro Manila. “Our commuters deserve to experience the luxury of riding on a train safely and comfortably. Aside from that, improving our train systems will also ease daily traffic,” PNR chairman Michael Ted R. Macapagal said in an interview at Straight Talk on Tuesday, an online show of the Daily Tribune. “The economy loses billions of pesos in traffic in Metro Manila daily. But the President, with the help of the Department of Transportation Secretary Jaime Bautista, will push to revolutionize the entire transportation system in the country. The Philippines will be different in five to six years,” Macapagal explained. According to the Philippine Chamber of Commerce and Industry, about P3.5 billion is lost daily due to the congested Metro Manila roads. Citing projections by the Japan International Cooperation Agency, the economic losses could balloon to P5.4 billion daily by 2035 if the gridlock issues will be unresolved. In his second State of the National Address on Monday, President Ferdinand R. Marcos Jr. bared that the DoTr will take on railway projects with a total length of more than 1,000 kilometers. The pipeline includes the following: PNR North Long Haul, 853 kilometers; Panay Railway, 100 kilometers; North Mindanao Railway, 54 kilometers; and San Mateo Railway, 17 kilometers. According to Bautista, all of these projects have secured funding to initiate feasibility studies. He said procurement is now ongoing for consultancy firms to create the feasibility studies for the rail projects lined up by the administration. “We initiated several railway projects, with a total length of more than 1,000 kilometers,” the President said. “Roads, bridges, and mass transport systems will be interconnected. This network will provide access and passage to vital and bustling economic markets, such as agriculture hubs, tourism sites, and key business districts,” Bautista said. PNR North Long Haul will be composed of four phases: Clark-La Union, La Union-Ilocos Sur, Ilocos Sur-Ilocos Norte and Cagayan Valley. It is envisioned to link strategic infrastructure, logistic system, and economic zones such as the Clark Freeport Zone, Poro Point Freeport Zone, Laoag International Airport, Port Irene, and Cagayan North International Airport (Lal-lo Airport). The Panay Railway project seeks to establish a modern and efficient railway system across the provinces of Aklan, Antique, Capiz, and Iloilo. The railway will serve as a vital link between major cities, towns, and economic hubs, facilitating the movement of goods, services, and people. Northern Mindanao Project, meanwhile, involves the financing, design, construction and operations, and maintenance of a 54.8-kilometer high-capacity, initially inter-city passenger railway system that will span across the highly urbanized city of Cagayan de Oro, connecting the Municipalities of Laguindingan and Villanueva, Misamis Oriental. San Mateo Railway is aimed to be built as a 17-km feeder railway line that connects LRT Line 2 to the municipalities of San Mateo and Rodriguez in the Rizal province. The post PNR: Massive train projects drive growth appeared first on Daily Tribune......»»
2nd State of the Nation Address
Anti-inflation measures Crafting of Medium-Term Fiscal Framework supported by Congress Implementation of strategies to capacitate economic sectors Results (1) 7.6 percent growth in 2022 — highest rate in 46 years. (2) January to March 2023 — 6.4 growth percent (within 6 to 7 percent target) (3) Philippines considered to be among fastest-growing economies in the Asian region and in the world (4) Strong and stable financial system (5) Banks have strong capital and liquidity positions. (6) Digital economy contributed P2 trillion in 2022, the equivalent of 9.4 percent of our GDP. (7) World Bank projects a 6 percent overall growth rate due to strong local demand, consumer spending, strength from the BPO industry, steady flow of remittances, and continuing jobs recovery (8) Inflation rate eased up from 8.7 percent in January to 5.4 percent in June. (9) Bureau of Internal Revenue posted P1.05 trillion collections — an increase of almost 10 percent over the last year (10) Bureau of Customs increased collection by 7.4 percent for the first seven months of 2023, amounting to P476 billion. (11) PAGCOR increased collection by 47.9 percent (12) PCSO increased collection by 20 percent Reduction of prices of commodities like rice, meat, fish, vegetables and sugar Roll out of more than 7,000 KADIWA stores nationwide that link farmers with consumers, benefited 1.8 million families Agriculture Science-based methods toward food security Revision of Fisheries Code Unify 300 farm and fisheries clusters composed of 900 cooperatives Extensive technology training like the use of local bio-fertilizers Distribution of farm machinery, tools and inclement Distribution of more than 5 million rice seedlings and other crops Fuel at fertilizer discount vouchers Geo-Agri map of farm-to-market roads Irrigated 49,000 hectares of farmlands across the country. Constructed 4,000 additional fabrication labs, production at cold storage facilities Built 24 multi-species hatcheries to increase fisheries production Anti-animal pest monitoring, medicines, and vaccines Cloud seeding and buffer stocks in preparation for El Niño 70,000 agrarian land titles distributed Signing of EO No. 4. Or New Agrarian Emancipation Act the condoned P57-billion farmers’ loans Smuggling and hoarding Days of smugglers and hoarders are numbered Water Supply Creation of Water Resources Management Office Working for legislation of Department of Water Resource Management Allocated P14.6 billion for water supply projects Completion of Wawa Bulk Water Supply Project Phase 1 Installed 6,0000 rainwater collection systems across the country Infrastructure 8.3-trillion peso “Build, Better, More” Program in progress 194 flagship projects Continuation of “Build, Build, Build” projects Infrastructure spending stays at 5 to 6 percent of GDP 1,200-kilometer Luzon Spine Expressway Network Program will effectively connect Ilocos to Bicol from 20 hours to just 9 hours of travel Under Mega-Bridge Program, 12 bridges totaling 90 kilometers will be constructed including Bataan-Cavite Interlink Bridge and the Panay-Guimaras-Negros Island Bridges, and Samal Island-Davao City Connector Bridge As of June 2023, 4,000 kilometers of roads and 500 bridges have been constructed, maintained and upgraded Completed Cebu’s Pier 88 smart port, new passenger terminal buildings of Clark Airport and Port of Calapan. North-South Commuter Railway System now in full swing Strategic financing Enactment into law of Maharlika Investment Fund Social security Funds for the social security and public health insurance intact and separate Energy and Power Generation Price of crude oil stabilized Since last year, gasoline and diesel prices have gone down by 18 to 29 percent, respectively. Built 8 new additional power plants, bringing to 17 the total number of power generation facilities Energy production increased by 1,174 megawatts. Almost half a million homes given access to electricity; 100 percent household electrification by June 2028 Renewable energy is the way forward Promotion of renewables targets 35 percent share in the power mix by 2030, and 50 percent by 2040 Opened renewable energy projects to foreign investments Since last year, an additional 126 renewable energy contracts with potential capacity of 31,000 megawatts awarded. To date, more than 1,000 active projects all over the country — 299 are solar, 187 are wind, 436 are hydroelectric, 58 are biomass, 36 are geothermal, and 9 are ocean-powered. Malampaya project is boon, energizing 20 percent of Luzon; renewal of the contract guarantees continued revenues and energy production for another 15 years Push for more gas exploration in other parts of the country Partnered with the BARMM in regard to energy exploration and development The Philippines now has a Unified National Grid with the interconnection of the Luzon, Visayas and Mindanao grids “One Grid, One Market” will enable more efficient transfers and more competitive pricing of electricity Performance review of National Grid Corporation of the Philippines to complete all of its deliverables, starting with the vital Mindanao-Visayas and Cebu-Negros-Panay interconnections. Social welfare Enough funds for underprivileged DSWD, DoLE, DepEd, TESDA and CHEd involved in providing assistance Programs like AICS, TUPAD, TVET for Social Equity, Social Pension for Indigent Senior Citizens, Cash-for-Work for PWDs, and Integrated Livelihood Program-Kabuhayan available for indigents Social protection Pension of the military and the uniformed personnel is as important, urgent, and humanitarian as that of all other civilian Filipino employees Working closely with Congress to ease the transition from the old system to the new one, to guarantee that no effects are felt by those in the uniformed services. The post 2nd State of the Nation Address appeared first on Daily Tribune......»»
DoTr shifts priority focus on public transport initiatives
Responding to the President’s call to deliver efficient services to Filipinos, the Department of Transportation has committed to shift its focus into developing a public transit-friendly landscape, instead of maintaining the current car-centric setup that privileges the private automobile as a better transportation mode. “The transportation department’s initiatives have shifted focus on public transport, to maximize usage of the country’s limited highways,” the DoTr said on Monday. “The goal is for private vehicle owners to abandon their cars in favor of trains, buses, taxis, bicycles, and even motorcycle taxis,” it added. Despite facing numerous headwinds, the DoTr still described the EDSA Busway implementation as successful. The new system, which is envisioned to be replicated in more populated areas in the country, reduces travel time between Monumento and PITX to more or less an hour. To recall, improving the EDSA busway system was one of the priorities of the DoTr. It plans to introduce new stations and upgrade existing facilities to be universally accessible, gender-responsive, and climate resilient — all aligned with international standards. Active transport nationwide Simultaneously, the DoTr said it will complete its planned 2,400-kilometer bike lane expansion by 2028 to promote active and sustainable transportation. “As an advocate of the environment-friendly transport system, we are pushing for the Active Transport Program where 564 kilometers of bike lanes were built throughout the country with an additional 470 kilometers to be constructed this year,” it added. The DoTr has set out its plans to upgrade and expand existing bike lane and pedestrian walkway networks, and provide better Public Utility Vehicle stops and End-of-Trip cycling facilities. For this year alone, the DoTr will mobilize P932.82 million to build additional 470 kilometers of protected bike lanes across nine regions in the country this year. Airport overhaul underway To boost the country’s tourism industry, the DoTr aims to improve the operations and facilities of our international and even regional airports through the implementation of Public-Private Partnerships to speed up aviation projects. Just last week, Transportation Secretary Jaime J. Bautista said the DoTr will publish the Terms of Reference for the solicited bidding to rehabilitate the Ninoy Aquino International Airport by next month so that contract will be awarded as early as December. The National Economic and Development Authority or NEDA, chaired by President Ferdinand R. Marcos Jr., approved the solicited bid to privatize the operations of NAIA. NEDA Secretary Arsenio Balisacan said the P170.6-billion project will help address the long-standing issues at the country’s main air hub such as congestion and limited aircraft movements that usually cause inconvenience to passengers. “We also have opened to the public the new passenger terminal of Clark International Airport. And to complement the operations in our main gateway, new airport projects in Bulacan and Sangley are being developed,” the DoTr noted. Likewise, the DoTr added that the relaxation of travel restrictions and continued support to recovery initiatives of airlines and other aviation stakeholders have resulted in passenger volume being around 3.2x compared to 2021 figures. Full-year 2022 domestic and international passenger volumes hit 32.3 million vs 7.7 million in 2021. Powering through delays In the railways sector, despite the push backs, the DoTr said it remains optimistic to deliver its promises. “Railways effectively address traffic congestion while providing increased passenger and freight capacity. The DoTr is accelerating the development, upgrade, and construction of big-ticket rail projects to be able to move more people and goods,” the DoTr said. “The DoTr has made substantial headway on several ongoing rail projects with various contracts signed and construction and financing milestones for big-ticket projects North-South Commuter Railway, Metro Manila Subway Project, LRT-1 Cavite Extension, Common Station, MRT-3 Rehabilitation and Maintenance, MRT-4 and other ongoing railway projects,” it added. Despite the slow progress, the Metro Manila Subway Project, which has been at the table for years, is one of the flagship projects the DoTr wants to prioritize. According to Bautista, fulfilling the rail project on time also means fulfilling his promise of providing “a global-standard transport system” to President Ferdinand R. Marcos Jr. With 17 stations and a depot of 30.34 hectares, the civil works for the Metro Manila Subway Project’s two major segments will generate more than 6,000 direct and indirect jobs. Funded by the Japanese government, the subway is a 33-kilometer rail line stretching from Valenzuela City to the Ninoy Aquino International Airport Terminal 3 in Pasay City. It will reduce travel time between Quezon City and NAIA from one hour and 10 minutes to just 45 minutes. The post DoTr shifts priority focus on public transport initiatives appeared first on Daily Tribune......»»
Contactless Clark terminal launched
Impressed by such state-of-the-art features as contactless baggage handling and passenger check-ins and check-outs, President Duterte lauded last weekend the completion of the P12.5-billion passenger terminal of the Clark International Airport......»»
Megawide allots P1.2 billion for PITX
Megawide Construction Corp. is re-channeling P1.2 billion, initially earmarked for the rehabilitation of the Ninoy Aquino International Airport, to its land port projects across the country......»»
ACCIONA brings expertise to P19 billion Malolos-Clark project
ACCIONA, a Spanish global leader in providing sustainable solutions for infrastructure and renewable energy projects, and EEI, its local partner, will build one of the sections of the new railway line in the Philippines that will link the city of Malolos with Clark International Airport, 80 kilometers north of Manila, the capital......»»
P51-B airport railway launched
Project to generate 38,000 jobs The country’s first airport railway express service soon starts construction after the government and proponents signed the P50.8-billion contract packages for PNR Clark Phase 2 (Malolos-Clark) segment of the P777.5-billion North-South Commuter Railway (NSCR) virtually over the weekend (August 1, 2020). The construction is expected to generate 38,000 new local jobs in the midst of the COVID-19 pandemic. Department of Transportation (DOTr) Secretary Arthur Tugade led the virtual signing of the contracts, marking the start of civil works for the 53-km extension that will bring passengers from Makati City in Metro Manila to Clark International Airport in Pampanga in just under one hour. The first signing was for the P32.7-billion Contract Package N-04, which covers the civil engineering and building works 6.3 kilometers of the main line and 1.6 kilometers of the depot’s access line with an underground station serving Clark International Airport. They also signed the P18.1-billion Contract Package N-05, which covers the civil engineering and building works for the Clark Railway Depot. The depot covers an overall area of approximately 33 hectares. The contract covers the construction of the Operations Control Center, stabling yard, workshops, training center and other ancillary buildings in Mabalacat, Pampanga. This proves that flagship projects under the government’s BUILD, BUILD, BUILD program continue despite challenges posed by the pandemic, Tugade underscored. The PNR Clark Phase 2 paves the way for the country’s first-ever airport railway express service, he reiterated. “Since the NSCR will feature the country’s first airport express train service allowing travelers to get from Makati to Clark Airport in under one hour, we can consider it as a trail-blazing project, ” the DOTr Secretary elaborated. “To achieve this, trains will run at 160 kilometers per hour, making it one of the fastest modes of land public transportation.” The signing of contracts is likewise timely, noted Asian Development Bank (ADB) Southeast Asia Director General Ramesh Subramaniam. “The civil works contracts will help kickstart the economic revival of the Philippines over the next 12 months as the country faces the pandemic ” he pointed out. Under the railway project, we estimate that 24,000 local construction jobs will be directly created during the next three years. And another at least 14,000 jobs needed for operating the railway system,” according to Subramaniam. The signing of contracts is a major milestone for the Malolos-Clark Railway Project as well as for the Philippine transport sector, he added. Once partially operational by 2022, PNR Clark Phase 2 (Malolos-Clark), a 53-km rail line segment, will connect Malolos, Bulacan to Clark International Airport, will cut down travel time to 30-35 minutes, from the original 1 hour and 30 minutes. The DOTr signed contract Package N-04 was virtually signed with Acciona Construction Philippines, through Director Ruben Eugenio Garcia and Chief Financial Officer Angel Fernandez de la Pradilla, and EEI Corporation, through President and CEO Roberto Jose Castillo. Contract Package N-05 was virtually signed with POSCO Engineering and Construction Co., Ltd., through Executive Vice President Dong Ho Kim and POSCO E&C Vice President Sung Wook Chung......»»
Power fluctuations hit NAIA
Passengers sweltered as power fluctuations hit the Ninoy Aquino International Airport Terminal 2 at around 10 a.m. yesterday......»»
JG Summit FY23 profit: P19.6-B (up 216%)
JG Summit, the Gokongwei Family’s diversified conglomerate, teased its FY23 financial results headlined by a 216% increase in the company’s net income to P19.6 billion......»»
SMC starts works on Pangasinan tollway
Food-to-infrastructure conglomerate San Miguel Corp. (SMC) has started the civil works for the Pangasinan Link Expressway (PLEX), laying the bedrock for a P34-billion project that would improve travel and tourism in Northern Luzon......»»
MIAA to remove gang chairs at NAIA-3 arrival lobby
The Manila International Airport Authority is scheduled to remove all the gang chairs at the arrival lobby of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) after Holy Week, MIAA general manager Eric Ines said yesterday......»»
UPS expands Clark operations
Logistics giant UPS is expanding operations at the Clark International Airport in Pampanga as part of its $250-million commitment to scale up its Asia-Pacific business......»»
CLI allots higher capex, partners with Japan firm
Cebu Landmasters Inc. is hiking its capital spending to P14.5 billion this year as it gears up for growth and expansion following a strong financial performance in 2023......»»
SMC to start Bulacan airport development in 2025
Diversified conglomerate San Miguel Corp. (SMC) targets to start airport development works at its P740-billion international gateway project in Bulacan next year......»»
Starlux to offer Clark-US flights
Clark International Airport will open its longest route ever in May as it is set to host flights to the US West Coast by way of Taipei through Starlux Airlines......»»
MIAA doubles profit in 2023
The Manila International Airport Authority is ending its role as operator on a high note, doubling its profit to P4.02 billion in 2023 and raising dividends to the government by 15 times......»»
P146 billion airport contracts set for signing this year
The Department of Transportation will sign this year more than P146 billion worth of contracts for the privatization of four airports, freeing up fiscal space for the government and building up the public-private partnership landscape......»»
Clark International Airport feted at Routes Asia 2024
Clark International Airport bagged an award at the Routes Asia 2024 held in Langkawi, Malaysia this week......»»