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The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty
Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»
‘Serenade of the Seas’ arrival restarts Subic cruise tourism program
The arrival here of GTS Serenade of the Seas, a 12-decker cruise liner operated by Royal Caribbean International, is expected to resurrect Subic’s cruise tourism program, which had gained momentum before being halted by the COVID-19 pandemic three years ago......»»
Why Business Should Start Investing in the Mental Well-Being of Their Employees
The pandemic has triggered waves of anxiety, uncertainty, and financial strain, impacting the mental health of millions of employees. Poor mental health leads to decreased productivity, increased absenteeism, and strained work relationships. With that said, it is crucial to address employees’ mental health issues to have a thriving workspace. Encourage Open Communication and Supportive Culture […].....»»
Extreme Heat as a ‘New Pandemic’: Thousands in PH Cancel Classes During ‘Hottest Year’
(Part 1 of 2) CEBU CITY, Philippines — The decades-old Gabaldon building of Leyte National High School in Tacloban City has narrow hallways, high and dark ceilings, and overcrowded classrooms. On hot and humid days, the rooms can feel stuffy and suffocating, prompting students like Dwight Lebrea, a 17-year-old Grade 12 student, to find ways.....»»
Hong Kong, Philippines work to enhance relations
Filipinos are slowly beginning to travel back to Hong Kong following continued efforts by the Hong Kong Economic and Trade Office to woo tourists from the Philippines, as well as renew and improve trade and economic ties between the two nations following the COVID-19 pandemic......»»
Residents of floating village in Agusan Sur surviving on relief aid after flood
TALACOGON, Agusan del Sur (MindaNews / 24 February) – Residents of La Flora, a floating village in this town, continue to grapple with the aftermath of the devastating flood that struck the province on January 31. Roselyn Santin, a mother of four, expressed on Friday that their survival hinges solely on relief aid provided by […].....»»
Philippine firms want workers to return to the office
The Philippines has the second highest number of employers in Asia-Pacific requiring a full return to the office in the pandemic aftermath, according to tech giant Cisco,.....»»
DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake
The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»
How to Survive the Post-Peak Season
One of Cebu’s top peak seasons, that is Sinulog, has come to a close, and as a small business owner, navigating the aftermath of the religious and cultural event can be a big task, especially when orders or customers come few and far in between. How do you maintain momentum when the surge in customer […].....»»
Post-Christmas Time is the Best Time to Bond with the Team
In the aftermath of Christmas, the workplace often echoes with a unique sentiment – a blend of present bodies with minds still lingering in the warmth of holiday moments. Employees, physically present yet mentally just seemingly not there, find themselves caught in the post-holiday reverie. The workplace becomes a space where brilliant minds may seem […].....»»
King Falcon Lastimosa bids farewell to Adamson community
After undergoing surgery, injured star Jerom Lastimosa officially signed off as a Soaring Falcon in the aftermath of an unfortunate end to his illustrious career in the UAAP......»»
Traders grapple with high rice prices
Elevated world rice prices, the aftermath of the one-month mandated price ceilings, and a reduced deadline for imports have deterred Philippine traders from bringing more rice into the country, according to the United States Department of Agriculture......»»
Globe vows to stabilize cash flow
Mobile giant Globe Telecom Inc. is determined to return to free cash flow, hoping to achieve this by reducing its capital expenditures in the pandemic aftermath......»»
Redefining retail
The surge of e-commerce in the Philippines has been nothing short of phenomenal, persisting even in the aftermath of the pandemic. In fact, the country has witnessed the most substantial growth in online shopping across Southeast Asia during the pandemic, as indicated by an insightful independent study from a digital marketing insights company authored by Nico Chan of Spiralytics......»»
EDITORIAL - Building for resilience
Ten years after Super Typhoon Yolanda turned much of Eastern Visayas into a wasteland, have lessons been learned in disaster preparedness and resilience? In the catastrophic aftermath of the typhoon, there was much talk about building back better and designing resilience into the reconstruction effort......»»
Myanmar nationals ask Philippines to probe alleged war crimes
Five Myanmar nationals asked the Philippines on Wednesday to investigate alleged war crimes committed by 10 serving or former members of Myanmar's military against the mainly Christian Chin minority. Filipino lawyers representing the Myanmar nationals told reporters they lodged the "landmark" criminal complaint against junta chief Min Aung Hlaing and nine others at the Department of Justice in Manila. They asked prosecutors to open an investigation into alleged war crimes under a Philippine law penalising "crimes against international humanitarian law, genocide, and other crimes against humanity". The five Myanmar nationals are from western Chin state, but now live in Australia, Britain, Canada and India. They were at the justice department in Manila. "This is a landmark suit because this is the very first time that such a case is being brought before the Philippines," Romel Bagares, one of the lawyers, told reporters. Justice Secretary Crispin Remulla said his department would "evaluate" the complaint, which he described as "very novel". "If this is sufficient in form and substance, that's the time when we will require the respondents to answer these complaints," Remulla told reporters. Among the accused is Chin Chief Minister Vung Suan Thang, who is a former military officer. The others are serving members of the military. The complaint alleged that members of Myanmar's military killed a pastor and two church elders in Thantlang town, Chin, in September 2021. It also accused the 10 of "intentionally" directing attacks on churches and the burning of hundreds of houses in the same town between August 2021 and June 2022. They also allegedly blocked relief supplies from reaching people in Chin state in the aftermath of Cyclone Mocha in May. 'Truly historic day' Philippine law allows for the prosecution of war crimes committed elsewhere. One of the stipulations of the law is that the accused must be present in the Philippines. According to Gilbert Andres, another Filipino lawyer representing the Myanmar nationals, if the Philippine justice department were to decide to mount a case against the 10 accused, it could issue subpoenas to Myanmar's Central Authority or go through diplomatic channels. The toppling of Aung San Suu Kyi's civilian government in a 2021 coup sparked a huge backlash and the military junta is now battling opponents across swaths of Myanmar. Some of the bloodiest fighting has been happening in Christian-majority areas, including in Chin state. "This is a truly historic day," Salai Ling, one of the five complainants and also of the Chin Human Rights Organization, told reporters in Manila. "We are really hoping that with the solidarity and support from the Filipino people and people in the ASEAN region, that we will be able to get some form of justice for the atrocities that our people suffered." Myanmar and the Philippines belong to the Association of Southeast Asian Nations (ASEAN). The regional bloc's efforts to defuse the Myanmar crisis have been fruitless so far. The Philippines is now the subject of an international human rights probe, with the Hague-based International Criminal Court investigating "possible crimes against humanity" during former president Rodrigo Duterte's deadly drugs crackdown. In July, President Ferdinand Marcos said the Philippines was "done talking with the ICC" but would continue to question the tribunal's jurisdiction. The post Myanmar nationals ask Philippines to probe alleged war crimes appeared first on Daily Tribune......»»
Destination Philippines: Toward post-pandemic tourism success
The world is making significant progress toward a semblance of normalcy in the aftermath of the global pandemic......»»
Be proactive vs cyber hacking, government, private sector urged
Government agencies and the private sector should take a proactive stance against cyber attacks in the aftermath of the successful Medusa ransomware attack on state universal health care insurer Philippine Health Insurance Corp., Information and Communications Secretary Ivan John Uy said yesterday......»»
DSWD hails winners of 2023 Natatanging Pamilyang Pilipino
The Department of Social Welfare and Development, together with partner agencies in the National Committee on the Filipino Family, recognized exemplary Filipino families during the awarding of the 2023 Natatanging Pamilyang Pilipino at SM City San Mateo over the weekend as part of the celebration of National Family Week. The NPP aims to recognize and award Filipino families who have significantly contributed towards nation-building and the development of the family as the foundation of Philippine society. In the message of Secretary Rex Gatchalian, which was delivered by DSWD Undersecretary for Policy and Plans Adonis Sulit, the DSWD chief highlighted the courage and strength demonstrated by Filipino families in overcoming life’s challenges as well as their contribution to nation-building. "You and the members of your family are not only exemplary in your love for each other but also in your significant contributions to your communities and society. Your stories of cooperation, care, and even the stories of overcoming life's challenges pave the way for a better future for all of us," Gatchalian said. "Today, I want to convey our heartfelt appreciation to Filipino families who continue to demonstrate the importance of unity, love for one another, and cooperation in our country. Your dedication to family and nation inspires us all," he added. From the regional winners, the NCFF chose the top five model families that will become a pool of ambassadors in promoting NCFF goals, promoting Filipino values, and acting as resource persons in Family Development Sessions, fora, and other family development-related initiatives. Natatanging Pamilyang Pilipino from Western Visayas The National Award Grand Winner was bagged by the Delgado family from the province of Antique in Western Visayas. Mr. Joaquin Delgado and Mrs. Benedicta Seguera Delgado were gifted with nine children. With their guidance, perseverance, and efforts, the Delgado couple now have two doctors, five teachers, one international nurse, and a merchant marine graduate. The Delgado family received different awards and recognitions for their invaluable contributions to their community such as in the Sta. Monica Parish; Brotherhood of Christian Businessmen and Professionals; and the Boy Scouts of the Philippines. The Delgado family members also did their part during the COVID-19 vaccination in Antique, volunteering to provide food to students and their families in the aftermath of Typhoon Odette, and conducting feeding programs and reading sessions in their community, among others. “My children had their fair share as they struggled also to sell AVON [products], Sara Lee, butong-butong, coke products, and even did padyak para lang po matustusan ang pangangailangan sa med school at sa college (My children had their fair share as they struggled also to sell AVON, Sara Lee, butong-butong, and coke products, and even did padyak just to make ends meet for their medical school and college expenses.),” Mrs. Delgado said. “Again, I am proud of everyone and I gladly accept this award to challenge our family with shared decision-making despite differences and to inspire that despite how big our families are and how difficult life can be, we always be natatangi,” Mrs. Delgado added. The national winner received a plaque of recognition and a cash prize of P50,000 and another P50,000 from Secretary Gatchalian. The first runner-up was awarded to the Colmo family from Davao Oriental; the second runner-up to the Mandawe family from Cagayan de Oro; the third runner-up to the Bal-iang family from Baguio City; and the fourth runner-up went to the Manuel Family from Cagayan. As the chair of the NCFF, the DSWD vowed to continue to support policies and programs aimed at strengthening the foundation and protection of Filipino families. The post DSWD hails winners of 2023 Natatanging Pamilyang Pilipino appeared first on Daily Tribune......»»
World Bank chief vows to tackle ‘dysfunctionality’ at development lender
World Bank President Ajay Banga said Tuesday that he is working to reform "dysfunctionality" in the boardroom of the development lender, and pledged to refocus its mission to better address the challenges posed by climate change. The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its current twin mandate of poverty alleviation and boosting shared prosperity to include climate change. "I think the twin goals have to change to being elimination of poverty, but on a livable planet, because of the intertwined nature of our crises," he said. He added that he was working to redefine the World Bank's business around what he called five key knowledge "verticals": people, prosperity, planet, infrastructure, and digital. Fixing the plumbing Banga, an Indian-born naturalized US citizen, was nominated to lead the World Bank earlier this year by President Joe Biden and began his new role in June. The bank has historically been led by an American, while the International Monetary Fund (IMF) has been run by a European -- a controversial arrangement that has existed since the two institutions were founded in the aftermath of the Second World War. Banga has already made a number of changes to the bank's management since taking over, setting up a new 15-person private sector advisory board, and pledging deeper cooperation with regional development banks to tackle shared challenges. On Tuesday, Banga vowed to "fix the plumbing" at the bank, which he said suffered from "dysfunctionality" in the boardroom. The World Bank's board is made up of 25 executive directors appointed by its 189 member countries, who must balance the interests of the development lender with those of the states they represent. "I want people to say when I’m gone that I left the bank working much better than when I got it, because then my successor will not have to deal with what I’m dealing with," he said. Climate change Proposals to reform the World Bank's balance sheet from countries including the US and Saudi Arabia could add as much as $125 billion in extra lending capacity if they come to pass, Banga told the audience in New York. This would be a significant increase for the development lender, which mobilized just over $100 billion in financing last year. Banga has previously called on the World Bank to collaborate more closely with the private sector to meet the enormous costs associated with climate change mitigation and adaptation. On Tuesday, Banga said the bank should carefully target where it wants to encourage private investment to help cap carbon emissions in order to have the biggest impact. "We need to focus on 10 countries where the growth of emissions will be so high if we don't change to renewables that all the work we do in the developed world to reduce the use of emission-heavy energy will be lost," he said, without naming them. These middle-income countries are states "where there is some hope for the private sector, both in terms of scalable models and the like, that renewable energy could make money," he added. In order to invite the private sector to participate, the World Bank should offer to manage some of the political risks associated with climate-related investments in these countries, along with the risk of currency fluctuations, Banga said. The World Bank group already has a political risk agency, but the foreign exchange risk is an issue that still needs to be resolved, he told the audience in New York. "That's the way to involve the private sector," he added. The post World Bank chief vows to tackle ‘dysfunctionality’ at development lender appeared first on Daily Tribune......»»