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WB tags better jobs as economy’s ‘missing link’

THE WORLD BANK said that better quality jobs and faster real wage growth are the “missing link” to reducing poverty and inequality in the country, even as the government pursues more aggressive infrastructure development. “The key challenge facing the government is not unemployment, but rather the poor quality of jobs in the labor market, as […] The post WB tags better jobs as economy’s ‘missing link’ appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineApr 16th, 2018

Asia under water: How 137 million people’s lives are being put at risk – CNN News

Khorsheeda Khatun had been left with nothing &'8212; then that too was washed away. The 28-year-old fled her home country of Myanmar in January with her two daughters, escaping the latest outbreak of violence, and was living in the Kutupalang Makeshift Settlement in Bangladesh when cyclone Mora arrived five months later and displaced up to 500,000 people. &'8220;My house was shattered. It broke the wooden planks supporting my hut and blew away the polythene rooftop. The wind and water destroyed whatever little possessions we had,&'8221; she told UNICEF workers in June. Several weeks later, across the Himalayas in South China, over 12 million people were forced to flee their homes as flood waters rose for yet another year. In China's southeastern Jiangxi province alone, flooding this year has so far caused $430 million in damages and economic losses. In neighboring Hunan province, 53,000 homes have been destroyed &'8212; and the flooding has yet to fully recede. Increasingly severe weather, triggered by climate change, is putting hundreds of millions of people at risk across the rapidly developing countries of southern Asia. &'8220;In the next 30 years, it is projected that heavy rainfall events will be increasing &' in Asia, by about 20% for sure,&'8221; climate scientist Dewi Kirono at Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) told CNN. Southern Asia is already the wettest area on the continent and one of the wettest regions in the world,receiving an average of at least 1000mm of rainfall a year. As the rains fall harder, more than 137 million people in India, Bangladesh and China will be put at risk of coastal or inland flooding, more people than in the rest of the Asia-Pacific combined, a study in 2012 found. Aggravating flooding through poor drainage and short-sighted planning is the sprawling, rapid urban growth across South Asia, built to accommodate the millions of rural residents moving to cities. &'8220;You still have to have proper draining. It was a green field and now it's an urban area. Quite often, if you don't do that, (because) you've concreted everything the flood run-off is so much higher and the deaths are much worse,&'8221; Oxford University visiting fellow and WWF advisor Paul Sayers told CNN. The majority of flood-related deaths and injuries worldwide since 1950 have been in three countries: China, India and Bangladesh. According to statistics from Belgium's Universite Catholique de Louvain's Emergency Events Database, since 1950, more than 2.2 million people in these countries have been killed by flooding. That includes the estimated two million people who died during the disastrous 1959 floods in China. The world's leading authority of climate change, the Intergovernmental Panel on Climate Change (IPCC), wrote in its latest report the Asia region was already suffering &'8220;huge economic losses&'8221; from weather and climate disasters, with one quarter of the entire world's economic losses from disasters in Asia alone. As flood swept through central China in July 2017, leaving devastation in its wake and almost 90 people dead or missing, locals took to Weibo to express their horror. &'8220;The road is blocked, the electricity is downed, water is polluted, no phone signal is detected, elderly (people) and children are waiting for food,&'8221; said one user living in Shilong Village in Hunan province. Photos accompanying the post showed cracked walls, piles of trash and mud everywhere. &'8220;The major district has turned to a dead city,&'8221; another user said. Almost every year in the past decade, more than 1,000 people have died in China, India and Bangladesh from flooding, according to the Database, and millions of dollars in damage has been done. The problem centers around three of the great Himalayan rivers of South and East Asia: The Ganges, Brahmaputra and Yangtze. About 500 million people, or 50% of the population in India and Bangladesh, and about 300 million people, or about 25% of the population of China, live within the flood basins of these three rivers. Taken together, the three waterways support an estimated 14% of the world's total population. In China alone, the enormous Yangtze flood plain, full of fertile soil and easy river access, is responsible forabout 40% of China's GDP. &'8220;Many Asian cities, and especially some megacities, have been built in the deltas of major rivers where ports could link the cities to the global economy,&'8221; a report by the Asian Development Bank in 2012 said. When the heavy rains higher up in the flood plains flow into these rivers, water levels rise dramatically &'8212; and floodwaters pour into the surrounding cities and towns. For example, this year, torrential rains caused a Yangtze tributary in Hunan to rise a record 3.2 meters above the warning level, bursting its banks and swamping crops and houses. Still, these factors have been here for years. Why is the danger growing now? Flooding in urban environments is more costly in terms of lives and loss of property because without a natural way to disperse the floodwaters they can cause damage &'8220;beyond the scope of the actual (flood),&'8221; experts say. &'8220;A lot of the urbanization &' has happened in a largely unplanned matter. For instance they don't have risks adequately taken into account, they don't invest enough in sustainable drainage,&'8221; Abhas Jha, the World Bank sector manager for Transport, Urban and Disaster Risk Management for East Asia and the Pacific, said. Of course the huge rush of rural residents to China and India's cities hasn't helped, as cities expand deeper into floodplains and build hurriedly to accommodate their citizens. [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJul 25th, 2017

PHILIPPINE AIRLINES | CEBU-MANILA | ECONOMY CLASS | AIRBUS A321-200 – Manila Video

Flight Report # 8 Airline: Philippine Airlines (PAL) Aircraft: Airbus A321-200 Registration: RP-C9902 Flight Number: PR1842 Flight Duration: 57 minutes ATD: 6:46am PHT ATA: 7:43am PHT Distance: 565 kilometers (351 miles) Airports: Mactan Cebu International Airport to Ninoy Aquino International Airport (MNL) Seat: 69K Route: Cebu to Manila Camera: iPhone 7 Plus Editor: iMovie for… link: PHILIPPINE AIRLINES | CEBU-MANILA | ECONOMY CLASS | AIRBUS A321-200 – Manila Video.....»»

Category: newsSource:  manilainformerRelated News20 hr. 8 min. ago

President Duterte latest speech at the 44th Philippine Business Conference – Manila Video

President Rodrigo Roa Duterte graces the concluding ceremonies of the 44th Philippine Business Conference and Expo (PBC&E) at the Manila Hotel in the City of Manila on October 18, 2018. This year’s conference focuses on the theme, ‘Infrastructure and Digital Economy: The Game Changers’. Spearheaded by the Philippine Chamber of Commerce and Industry (PCCI), the… link: President Duterte latest speech at the 44th Philippine Business Conference – Manila Video.....»»

Category: newsSource:  manilainformerRelated News20 hr. 8 min. ago

PRESIDENT DUTERTE GRACES THE 44th PHILIPPINE BUSINESS CONFERENCE EXPO (PBC& E) in MANILA HOTEL – Manila Video

President Rodrigo Roa Duterte graces the concluding ceremonies of the 44th Philippine Business Conference and Expo (PBC&E) at the Manila Hotel in the City of Manila. This year’s conference focuses on the theme, ‘Infrastructure and Digital Economy: The Game Changers’. Spearheaded by the Philippine Chamber of Commerce and Industry (PCCI), the conference centers on different… link: PRESIDENT DUTERTE GRACES THE 44th PHILIPPINE BUSINESS CONFERENCE EXPO (PBC&E) in MANILA HOTEL – Manila Video.....»»

Category: newsSource:  manilainformerRelated News20 hr. 8 min. ago

Global trade wars risk millions of jobs – WTO chief

LONDON, United Kingdom – Escalating trade wars "pose real risks" to the global economy, potentially threatening millions of jobs, head of the World Trade Organization (WTO) Roberto Azevedo warned in a London speech on Wednesday, October 17. US President Donald Trump is locked in a trade war with China , rolling out billions of dollars in tariffs in a ........»»

Category: newsSource:  rapplerRelated NewsOct 18th, 2018

Window ‘narrowing’ for global economy, IMF warns

The window of opportunity for safeguarding global growth is “narrowing” as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponizing currency and interest-rate policies. Source link link: Window ‘narrowing’ for global economy, IMF warns.....»»

Category: newsSource:  manilainformerRelated NewsOct 13th, 2018

Commentary: Focusing on long-term solutions to inflation

After almost two years of uninterrupted economic expansion above 6.5 percent, the economy produced a disappointing 6 percent growth during the second quarter.  Source link link: Commentary: Focusing on long-term solutions to inflation.....»»

Category: newsSource:  manilainformerRelated NewsOct 12th, 2018

Zambo execS suspended over missing rice

TOP officials of the Bureau of Customs-Port of Zamboanga (BoC-PoZ) are in deeper trouble after they failed to account for 23,015 sacks of smuggled rice that mysteriously went missing two weeks ago. Customs Commissioner Isidro Lapeña ordered their preventive suspension and administratively charged them for gross neglect of duty, grave misconduct and conduct prejudicial to… link: Zambo execS suspended over missing rice.....»»

Category: newsSource:  manilainformerRelated NewsOct 11th, 2018

House moves to relax foreign business hurdles

A BILL seeking to amend Republic Act No. 7042, or the Foreign Investments Act of 1991 in order to further open up the Philippine economy to foreign participation secured committee-level approval in the House of Representatives on Tuesday. House Bill No. 4067, authored by Deputy Speaker Arthur C. Yap of the 3rd district of Bohol,… link: House moves to relax foreign business hurdles.....»»

Category: newsSource:  manilainformerRelated NewsOct 10th, 2018

Jobs fair increases employment, says DOLE

SAN FERNANDO CITY, Oct. 9 (PIA) — The conduct of job fairs in the four provinces of Region 1 is a good vehicle in increasing employment, an official of the Department of Labor and Employment (DOLE Source link link: Jobs fair increases employment, says DOLE.....»»

Category: newsSource:  manilainformerRelated NewsOct 10th, 2018

2 coal miners missing After tunnel collapses

ZAMBOANGA CITY: Two coal miners were trapped inside a tunnel after it collapsed due to heavy rains in Zamboanga Sibugay province. It said rescuers were trying to locate Richard Atayde and Wilfredo Ogao-Ogao in Barangay Gandiangan in Imelda town. Police said the tunnel was filled with rainwaters making it difficult for rescuers to search for… link: 2 coal miners missing After tunnel collapses.....»»

Category: newsSource:  manilainformerRelated NewsOct 6th, 2018

2 dead, one missing as Typhoon Kong-Rey hits SKorea

SEOUL: Two people died and one person is missing in South Korea as powerful typhoon Kong-Rey hit the country on Saturday, the government said. A 66-year-old man died while crossing a bridge in the city of Gwangju, south of Seoul, the national disaster management agency said without elaborating on the cause of the death. Another… link: 2 dead, one missing as Typhoon Kong-Rey hits SKorea.....»»

Category: newsSource:  manilainformerRelated NewsOct 6th, 2018

From the Front Page: Inflation, ‘third telco’, PH manufacturing tops region

Amid surging inflation, a weakening peso, and the growing trade gap, Restituto C. Cruz, assistant governor of the Bangko Sentral ng Pilipinas, says the nation is still well-positioned to sustain robust economic growth. According to the assistant governor, these issues are simply “growing pains” for the domestic economy and should potential risks materialize, “the Philippines… link: From the Front Page: Inflation, ‘third telco’, PH manufacturing tops region.....»»

Category: newsSource:  manilainformerRelated NewsOct 6th, 2018

CEO of Home, Inc.

A traditional butler is someone who devotes his life to supporting another. WORDS JOSEPH L. GARCIA | ILLUSTRATION JOY D. DAGUN Are you sure you have everything in the world when you’re missing someone in your life? We’re not talking about a lover; we’re talking about a butler. “He’s devoted his life to supporting someone, which is… link: CEO of Home, Inc......»»

Category: newsSource:  manilainformerRelated NewsOct 6th, 2018

Hontiveros to Duterte: Address inflation not phantom destab plots

October 5, 2018. “Harapin ni Pangulong Duterte ang problema sa ekonomiya, partikular sa inflation, kaysa mahibang sa multo ng destabilisayon.” This was the statement issued on Friday by Akbayan Senator Risa Hontiveros as she challenged the Duterte administration to address the problems of the economy squarely, and… Source link link: Hontiveros to Duterte: Address inflation not phantom destab plots.....»»

Category: newsSource:  manilainformerRelated NewsOct 6th, 2018

Mother sees ‘partial justice’

    CITY OF MALOLOS—The mother of missing University of the Philippines student Sherlyn Cadapan on Wednesday said she wanted to see former Army Maj. Gen. Jovito Palparan Jr. at New Bilibid Prison to question him about her daughter.   Palparan was transferred to the national penitentiary on Wednesday night after he was convicted on… link: Mother sees ‘partial justice’.....»»

Category: newsSource:  manilainformerRelated NewsOct 5th, 2018

Banking execs expect 5-7% PH growth – BSP

Bank executives remain optimistic about the Philippine economy but most expect growth, at best, to only hit the bottom end of the government’s target. “Majority (76.3 percent of respondents) of bank executives expect the economy to grow by 5 to 7 percent in the next two years across the banks surveyed,” the Bangko Sentral ng… link: Banking execs expect 5-7% PH growth – BSP.....»»

Category: newsSource:  manilainformerRelated NewsOct 4th, 2018

20,000 ‘missing’ sacks of rice traced in Zambo warehouse

ZAMBOANGA CITY: The missing 20,000 sacks of smuggled rice from the Philippine Coast Guard office over the weekend surfaced at a privately-owned warehouse here. Reports said that authorities raided the Basulta Traders Corp. warehouse in Barangay Tetuan, Zamboanga City after receiving a tip that the smuggled sacks of rice went missing. Bureau of Customs (BoC)… link: 20,000 ‘missing’ sacks of rice traced in Zambo warehouse.....»»

Category: newsSource:  manilainformerRelated NewsOct 3rd, 2018

AFP: Lapses possible in handling of Trillanes amnesty papers

Sen. Antonio Trillanes IV on Tuesday did not hold back from asking the country’s top defense officials on his missing application for amnesty. Source link link: AFP: Lapses possible in handling of Trillanes amnesty papers.....»»

Category: newsSource:  manilainformerRelated NewsOct 2nd, 2018

Image from page 34 of “…Chester and vicinity..” (1914) – Manila Picture

Identifier: chestervicinity00smit Title: www.flickr.com/photos/internetarchivebookimages/tags/book… Year: 1914 (1910s) Authors: Smith, Henry Valentine, 1860- , comp Subjects: Publisher: Chester, Pa., H. V. Smith Contributing Library: The Library of Congress Digitizing Sponsor: The Library of Congress View Book Page: Book Viewer About This Book: Catalog Entry View All Images: All Images From Book Click here to view book… link: Image from page 34 of “…Chester and vicinity..” (1914) – Manila Picture.....»»

Category: newsSource:  manilainformerRelated NewsOct 2nd, 2018