Showing posts with label pakistan. Show all posts
Showing posts with label pakistan. Show all posts

Saturday, September 21, 2013

...the Pinoy architect in Bangkok

Pinoy architect bags 3rd place in Bangkok exhibition

GMA News
September 21, 2013
 
 
 
A Filipino architect brought recognition to the Philippines after bagging the third place in an Asia-Pacific exhibition in Thailand, the Department of Foreign Affairs said over the weekend.
 
The DFA said Allan Jay Quesada won third place at the launching of the “Learning to Live Together” Asia-Pacific Exhibition last Sept. 17.
 
 
"Quesada hails from La Union and finished BS Architecture at the Pamantasan ng Lungsod ng Maynila. He is currently working as an architect for DSFN Architects, an architectural design firm based in Makati," it said.
 
The "Learning to Live Together" exhibition was organized by UNESCO Bangkok and Haier Group China Global Business Organization at Bangkok Art and Culture Center.
 
 
Other winners included Alland Dharmawan and Masyudi Firmasyah of Indonesia, who placed first and fourth respectively.
 
 
Siddhant Mohanty from India won second place but was not present during the launching, the DFA said.
Winners were chosen from among 200 entries from Bangladesh, Cambodia. India, Indonesia, Malaysia, Myanmar, Nepal, Pakistan and the Philippines.
 
 
The tilt was organized within the framework of UNESCO’s program on “learning to live together.”
 
 
It featured the top 30 submission of photos, drawings and other images to a regional competition, reflecting the perspective of youth in the Asia-Pacific region on learning to live together.
 
 
The event, which runs from September until Sept. 22, will coincide with the International Peace Day on September 21, the theme of which is education and peace. — ELR, GMA News

 
 

Friday, March 1, 2013

...the emerging Asia's stable economies

Moody's sees PHL, Emerging Asia credit rating stable in 2013

 

March 1, 2013

 
The creditworthiness of emerging Asian markets, including the Philippines, is likely to remain stable this year while local currency debt will account for a chunk of financing needs indicating stability of state coffers, debt watcher Moody's Investors Service in its latest report on the region.
 
“The past decade has seen a mixed picture of creditworthiness among Emerging Asia ex. China sovereigns, although the overall trend suggests stability,” Moody's noted in the report “Emerging Asia 2013 Government Financing Needs” released Friday.
 
 
Emerging Asia, excluding China, comprises Bangladesh, India, Indonesia, Malaysia, Mongolia, Pakistan, Philippines, Sri Lanka, Thailand, and Vietnam.
 
 
“Of the 10 countries that comprise the group, six have shown the same rating since the beginning of the decade or since the ratings were assigned during the last 10 years,” the report read.
 
 
Moody's upgraded the Philippines at Ba1 or one notch below investment grade last year on based on improved fiscal position.
 
The country underwent a deterioration in creditworthiness, moving three notches down to B1 in 2005 from Ba1 in 2002.
 
 
Moody's noted the region is becoming more reliant on local borrowing to meet financing needs.
 
 
“During this year, the 10 sovereigns will continue to fund themselves overwhelmingly from their domestic markets, using foreign currency debt for just 5 percent of their total gross financing needs,” the report read.
 
“This relatively low dependence on foreign-currency denominated external financing imparts stability to government finances,” it added.
 
 
The debt watcher estimates the gross financing needs for Emerging Asia sovereigns at $660 billion or equivalent to 13.8 percent of the region's gross domestic product in 2013, up from $629 billion estimated for 2012, but lower as a share of GDP at 14.5 percent last year.
 
 
Debt restructuring to borrow more locally alongside intensified revenue collection have been in the forefront of the Aquino administration's fiscal reforms.
 
 
Domestic debt is comprised mostly of Treasury bills and bonds, while external debt is mostly of sovereign bonds and direct loans availed by government agencies.
 
 
The Philippine government debt rose by 9.8 percent year-on-year to P5.437 trillion last year. Despite the increase, the end-2012 debt level is lower than the P5.52 trillion last year.
Moody's, however, warned that weak infrastructure and governance may continue to stunt any rating upgrade for the 10 countries.
 
 
“India, Indonesia, Thailand and Philippines all face credit constraints in the form of weak governance, while governance and transparency weakness were factors behind the downward pressure on Vietnam’s rating,” the report read.
 
 
“Almost all the group’s sovereigns face infrastructure constraints,” it read. “In this context, infrastructural improvements and the concomitant boost to potential growth are cited as potential ratings lifts for Bangladesh, India, and Indonesia.
 
 
“While most sovereigns in the group maintain favorably strong external payments positions, Pakistan’s position has been a key weakness and driver of its credit deterioration, while Sri Lanka’s and India’s remain monitored risks,” the report added. — VS, GMA News
 
 

Friday, November 23, 2012

...the highest remittance recipients

PH third highest remittance recipient among developing nations


A bank employee displays 100 peso notes in Manila. The Philippine economy is facing major risks from abroad that could limit its growth prospects next year, the central bank governor said Wednesday
AFP News - A bank employee displays 100 peso notes in Manila. The Philippine economy is facing major risks from abroad that could limit its growth prospects next year, the central bank governor said Wednesday.


Despite a gloomy global economic climate, Filipinos may still count on a boost from overseas workers who will continue to send cash back home, new World Bank projections showed.

Among developing countries, The Philippines will be the third highest recipient of remittances from overseas workers this year, the World Bank said in its latest "Migration and Development Brief."

Cash inflows from Pinoys abroad are seen to reach $24.3 billion in 2012, up 5.4 percent from $23.1 billion last year.

Latest central bank data pegged OFW inflows at $15.6 billion as of the end of the third quarter, up 5.5 percent from year-ago levels.

The World Bank's forecast growth in remittances to the Philippines, however, is slower than 2011's expansion of 7.6 percent.

This may be attributed to an appreciation of the peso, which the World Bank says prods "migrants to delay sending remittances until exchange rates are more favorable."

Globally, inflows to developing countries are expected to grow by 6.5 percent to $403 billion in 2012.

"International migrants are weathering the effects of the ongoing global economic crisis..." the World Bank said.

India will be the top recipient of remittances this year, with inflows reaching $69.8 billion based on World Bank estimates, followed by China at $66.3 billion.

The Philippines is a far third, followed by Mexico ($23.5 billion), Nigeria ($20.6 billion), Egypt ($18 billion), Pakistan ($13.9 billion, Bangladesh ($13.7 billion), Vietnam ($9 billion) and Lebanon ($7.6 billion).

The World Bank also expects remittances to developing countries to spike further by 7.9 percent in 2013, 10.1 percent in 2014 and 10.7 percent in 2015, when it is seen to reach $534 billion.

"We expect growth of flows to remain robust in regions that rely on remittance flows from the US, the GCC (Gulf Cooperation Council) and Russia," the multilateral lender said.

Risks to remittances growth remain, however, with the World Bank citing "increasingly harsh rhetoric and policies hostile towards migrants in many destination countries, especially Europe."

Meanwhile, the World Bank cited the Philippines as one of the countries where innovations such as international mobile remittances effectively ease the cost of sending money.

This, as it noted that worldwide, only 20 percent of 130 mobile banking operators worldwide offered international remittance services as of early 2012.

The Philippines, as well as Kenya, "are ahead of the curve in fostering an ecosystem of mobile payment services," it added.

"They may provide fertile ground for adoption of international remittance services via mobile phones, but most other countries are much further behind at this point," the World Bank noted.

Saturday, November 10, 2012

...the PH diplomat to WTO board

PHL envoy appointed to WTO management board

 
 
 
November 10, 2012
GMA News
 
 
A Philippine diplomat has been appointed to the Management Board of the Advisory Center on World Trade Organization Law (ACWL), the Department of Foreign Affairs said Friday.
 
 

The DFA said Philippine permanent representative to the WTO Esteban Conejos Jr. will have a two-year term and may be reappointed for another two years.

"Conejos succeeded Ambassador Bozkurt Aran of Turkey. His term will be for two years, and he will be eligible for reappointment for a further two years," the DFA said.

ACWL aims to provide developing countries and Least Developed Countries (LDCs) with the legal capability necessary to enable them to take full advantage of the opportunities offered by the WTO.

Conejos was unanimously nominated by the ACWL's Category B member countries to be their representative to the board, the DFA said.

These countries include Colombia, Egypt, India, Indonesia, Mauritius, Oman, Pakistan, Philippines, Thailand, Turkey, Uruguay, Venezuela and Vietnam.

The Philippines has been a member of ACWL since its establishment in 2001.

It has benefited from services such as legal assistance in dispute settlement cases, legal opinions, training courses, and a secondment program for government trade lawyers.

During the past 10 years, ACWL had been involved in 21 percent of all new WTO dispute settlement proceedings.

WTO Director-General Pascal Lamy earlier said the ACWL helps make sure the legal benefits of the WTO are shared among all members.

Lamy added the ACWL contributes to the effectiveness of the WTO's dispute settlement procedures, and to the realization of the WTO's development objectives.

Management board

The Management Board makes decisions to ensure the efficient and effective operation of the ACWL and reports to the General Assembly.

It has six persons serving in their personal capacities who have been selected on the basis of their professional qualifications in the field of WTO law or international trade relations and development.

Three Board members are nominated by the developing country members, two by the developed country members and one by the LDCs. The Executive Director serves ex officio on the Board.

The DFA said Conejos attended his first Management Board meeting on Nov. 7, and was welcomed by other board members, including ACWL Executive Director Niall Meagher.

At the meeting, they discussed the operational and financial standing of ACWL, as well as the accession of Cuba.

G-33 meet

On behalf of Indonesia, the Philippines through Conejos chaired the G-33 Heads of Delegation meeting on November 7 – a tradition being observed every time the coordinator of the group is not available.

The G-33, previously known as the Alliance for Special Products and Special Safeguard Mechanism, is a coalition of 46 developing countries pressing for S&DT flexibility for developing countries in the agriculture Doha Round of talks for ensuring food security, livelihood security and rural development.

Its key members include Barbados, China, Dominican Republic, India, Indonesia, Nigeria, Pakistan, Kenya, Korea, the Philippines, Turkey and Zimbabwe.

The G-33 discussed the Indian proposal entitled "Some Elements... for Early Agreement to Address Food Security Issues," which India and the Philippines are seeking for G-33 sponsorship.

The proposal under "Green Box" of the WTO Agreement of Agriculture aims to exempt developing countries from factoring in government support payments for public stock-holding for food security purposes.

It particularly focuses on the procurement from "low-income or resource poor producers" and provision of subsidized food prices for urban and rural poor in their AMS ("trade-distorting subsidy") monetary limits.

The proposal is part of the considered "80 percent agreed and stabilized areas" in the 2008 Chair's agriculture modalities text which India and the Philippines hope to be harvested early during the 9th WTO Ministerial Conference in Bali in December 2012, in advance of the full conclusion of the Doha Round.

The proposal may be submitted to the COA-SS Chair John Adank and circulated to all WTO members before the agriculture talks resume on 16 November 2012 in Geneva. — LBG, GMA News

Friday, October 26, 2012

...the PH Microfinance ranking

Philippines 4th In Microfinance Ranking

 
 
EIU Report
By CHINO S. LEYCO
October 26, 2012

 
Manila Bulletin  The Philippines has ranked fourth in an annual global survey on microfinance business environment, based on the Economist Intelligence Unit's (EIU) report, citing the country's stable market.

According to the report, the country scored 63.3 points, up by 4.8 points, or two notches higher compared with last year's Global Microscope on the Microfinance Business Environment report.

The Philippines ranked fourth out of 55 countries in an annual global survey, trailing behind Peru (79.8 points), Bolivia (71.8 points), and Pakistan (67.4 points).

The Microscope 2012 survey was conducted in the 12 months ending in June.

EIU explained the rankings were based on regulatory framework and practices, in which the Philippines was placed on top along with Peru; and the supporting institutional framework, wherein the country ranked 15 along with Brazil, Nicaragua, and Uruguay.

The survey also noted the "stability" of microfinance markets, if they are vulnerable to any political shocks.

“The Bangko Sentral ng Pilipinas continues to promote an enabling environment for microfinance, seeing it as one of its key poverty reduction efforts,” the report read.

The survey has also recognized key efforts of the BSP such as increasing the ceiling for microfinance loans to P300,000 from P150,000 and the lower house's approved measure allowing foreign ownership of up to 40 percent in rural banks.

The proposed measure, however, remains pending in the Senate.

In January, the BSP approved a microfinance loan called “microfinance plus” that microenterprises and small businesses can avail of to fund their expanding operations, allowing borrowers to take out a maximum of P300,000 to fund their growing business.

Microfinance, generally, has originally intended to mean financing for microenterprises or small livelihood activities but the BSP has since expanded the loan products to include microfinance housing, micro-agri loans, micro-insurance and micro-deposits.

For all loans, it starts with P150,000 up to a maximum of P300,000. Currently, there are 202 microfinance institutions operating in the Philippines.

Wednesday, October 24, 2012

...the resilience of the Philippines

ASIAN RISK REDUCTION CONFERENCE

PH resilience vs disaster cited


By Jerry E. Esplanada
Philippine Daily Inquirer


YOGYAKARTA, Indonesia—The Philippines is one of four disaster-prone countries in the Asia-Pacific region that have reduced their vulnerability to disasters despite their poverty, according to two United Nations (UN) agencies.

The three other Asia-Pacific nations cited by the United Nations Office for Disaster Risk Reduction (UNISDR) and the UN Economic and Social Commission for Asia and the Pacific (ESCAP) are Bangladesh, Vietnam and Indonesia, host of this week’s 5th Asian Ministerial Conference on Disaster Risk Reduction (AMCDRR).

In their joint, 134-page Asia-Pacific Disaster Report 2012, the UNISDR and the ESCAP also cited the Philippines as one of 18 countries in the region that have made disaster risk reduction part of their long-term development plans.

The Philippines, they noted, passed in 2010 a Disaster Risk Reduction and Management Act.

Like India, Pakistan, Bangladesh and Thailand, the Philippines has also “shown that well-targeted social protection measures are not only affordable, but they can also reduce vulnerability to disasters to a great extent.”

The same report, released during Tuesday’s opening of the biennial event, also hailed Albay Gov. Joey Salceda as “one of the global champions of building disaster resilience at the local level.”

Salceda “has introduced a very pragmatic approach by reducing disaster risk exposure first and improving vulnerability next,” the report said.

Exception, not rule

“Unfortunately, such proactive policies are still the exception, not the rule in the region,” the report said.

Earlier, in its Making Cities Resilient Report, the UNISDR said Albay province, as well as two other Philippine local government units—Makati City and San Francisco town on Camotes Island, Cebu—were now on its list of 29 model communities worldwide in disaster risk management and reduction.

These local governments have been noted for their “best practices” on a wide range of challenges, including flood management, early warning, earthquake reconstruction and legislation.

In a statement released on Tuesday, the UNISDR said the Asia-Pacific region was “paying a huge price for extreme weather events which are now impacting negatively on the region’s economic development.”

The region is the most disaster-prone area in the world, “with almost two million people killed in disasters between 1970 and 2011, representing 75 percent of all disaster fatalities globally,” the agency said.

Margareta Wahlstrom, UN Secretary General Ban Ki-moon’s special representative on disaster risk reduction, warned that “exposure to disaster risk is growing faster than our ability to build resilience and Asia’s rapid economic growth is partly responsible for it.”

Dev’t without danger

“This was very obvious during the floods which plagued much of the region last year. Of course, the challenge is not to stop development, but to arrest both the growing rate of exposure and rising vulnerability. Reducing risk successfully is about saving lives, jobs, homes and valuable infrastructure, such as schools, health facilities and roads,” Wahlstrom said.

For her part, ESCAP executive secretary Noeleen Heyzer said that “exposure to hazards has multiplied as urban centers grew, and people and economic activities expanded into increasingly exposed and hazard-prone areas.”

The UNISDR-ESCAP report said that “for many in the Asia-Pacific, 2011 will be remembered for major disasters with devastating impacts on economies, communities and above all, the lives of people.”

PH is most affected

“The East Asian earthquake, tsunami and ensuing nuclear disaster, as well as the Southeast Asian floods, were major contributors to the staggering $294 billion in regional economic losses, representing 80 percent of global losses due to disasters in 2011,” it said.

Each year, Southeast Asia “suffers damage in excess of $4.4 billion, equivalent to over 0.2 percent of its gross domestic product.”

“Annual expected losses due to disasters have been found to be the highest for the Philippines, Indonesia and Vietnam in that order while Singapore and Brunei Darussalam have the lowest expected losses in the region,” the report said.

Last year, the Philippines topped the list of countries affected by disasters, according to UNISDR.

Tuesday, July 24, 2012

...the new Metro (part 3)

Serializing: A NEW CITY, A NEW METRO MANILA, A NEW FUTURE



By ATTY. FRANCIS N. TOLENTINO
July 24, 2012

(The Manila Bulletin is serializing Metro Manila Development Authority (MMDA) Chairman Francis Tolentino's book "A New City: A New Metro Manila, A New Future.")

METRO Manila will always have a special place in our hearts and memories. That‘s one of the best reasons why we should continue the drive for urban renewal and restoration. I believe it is time to consider the construction of a new capital city where we can build a new future and a model city for the country and perhaps for Asia and the world. That new city can be a new symbol of hope, even as we face the myriad problems of rapid urbanization and blight in the present Metro Manila.



Countries That Moved Their Capitals 

Other countries have long realized that building a new city augurs well for the future of their people. Below are some of the countries that moved their respective capital cities — Japan (in 1869), Brazil (in 1956), Pakistan (in 1960), Nigeria (in 1976), Malaysia (in 1993) and Kazakhstan (in 1997).

Tokyo (formerly known as Edo) became the capital of Japan in 1869 replacing Kyoto when the Emperor took up permanent residence there. The size of Edo‘s population, which was more than double that of Paris and London at the time, was augmented by the Tokugawa‘s system of requiring all underlings to spend a portion of each year in the city. Thus, their presence gave rise to artisans, craftsmen, and other townsfolk, and promoted many of the arts. Edo became the center of commerce even before it became the capital of Japan. The city was broken up into distinct trade districts - cobbler sections, tailor sections, and even fish sections that were kept completely separate from the fruit and vegetable areas. Today, Tokyo is considered the predominant economic center of East Asia, rivaled only by Hong Kong and Singapore.

Brasilia originated in a campaign promise made by presidential candidate Juscelino Kubitschek in 1956. He appealed to the Brazilians' dream of developing the resources in the interior of their nation. He proposed to build a new capital there, a new city that would demonstrate how Brazil would develop in the future, integrating the sprawling country into a modern industrial nation.

Thus, Brasilia was built in just four years starting in 1957 in the central area of the country and has become a showcase of architectural innovation. Before its construction, the area resembled a desert — unpopulated, scarce water, few animals and plants.

Brasilia is Brazil‘s first planned city and also in effect a planned capital. President Juscelino Kubitschek, who became President in 1956, invited the best Brazilian architects to present projects for the new capital. Oscar Niemeyer, who is considered one of the world's most famous architects today, combined straight and rounded shapes to create innovative architectural masterpieces. Lucio Costa, renowned Brazilian urbanist, devised a lay-out combining beauty, simplicity and functionality.

Urban planner Lucio Costa and architect Oscar Niemeyer "intended that every element – from the layout of the residential and administrative districts (often compared to the shape of a bird in flight) to the symmetry of the buildings themselves – should be in harmony with the city‘s overall design." Brasilia is at present the only 20th century city granted a World Heritage Site status by the UNESCO.

High modernism was embodied in the architectural design of structures in Brasilia. The function of the capital was to be expressly political and administrative — aspects that were understood to be the hallmark of membership in the modern system of states.

Islamabad became the capital and administrative center of Pakistan in 1960. Pakistan needed a new capital city because the existing buildings in Karachi, a port city, were not enough or were below the standards required by a capital. The layout and structure of the existing port city did not allow it to take on the functions of a modern capital. The influx of refugees also intensified existing problems and created new ones.

In September 1959, the government established the Federal Capital Commission for the preparation of the Master Plan for the new capital. A decision was made on February 24, 1960 by the President and his Cabinet to give the new capital of Pakistan the name of Islamabad or "the City of Islam." On May 24, 1960, the preliminary Master Plan and the planning principles that would make Islamabad "A City of the Future," were presented to the Cabinet and approved by the President. The Capital Development Authority took over from the Federal-Capital Commission, and was put in charge of the overall development of the new capital.

The metropolitan area of the capital has been planned for a future population of about 2,500,000 inhabitants within a period of two generations. Its administrative functions include the following: (a) administration on a national level; (b) cultural services physically or symbolically connected with the country's administration, such as a national museum or a national library; (c) special non-governmental institutions of national importance, such as banks, welfare organizations, among others; and (d) the diplomatic representation of foreign countries.

Wednesday, July 4, 2012

...the Woodbury U Prez

UP grad becomes president of Woodbury University in California

 
July 4, 2012
GMA News
 
 
A Filipino international expert —  Dr. Luis Ma. Calingo — became the 13th president of Woodbury University, a private university in Burbank, California.
 
 
 

According to a news release on the Woodbury website, Calingo succeeded Kenneth Nielsen who will be retiring.

Calingo will be formally installed president of the 128-year-old university in a ceremony this October.

“Woodbury University is a place that believes the best way to predict your future is to create it. I am honored to lead Woodbury and to work with students, faculty, staff, and the community to honor this institution’s rich tradition of transforming lives through education, while embracing the many opportunities of tomorrow,” Calingo said.

Woodbury University said Calingo holds degrees from the US and the Philippines:
  • a Ph.D. from the University of Pittsburgh;
  • an MBA from the University of Pittsburgh;
  • a Master of Urban and Regional Planning from the University of the Philippines (UP), and
  • a B.S. in industrial engineering from UP.

Woodbury described Calingo as an international expert in strategic planning and quality management, who has helped the governments of Indonesia, Mongolia, Pakistan, the Philippines, Sri Lanka, Thailand, and Vietnam.
 
He also helped establish quality assurance into the higher education systems of these countries.
 
"Dr. Calingo has made more than 80 intellectual contributions (including books, journal articles, book chapters, and conference presentations) and served as a reviewer for various scholarly journals and professional associations. He also wrote the first internationally distributed textbook in Asian business strategy, Strategic Management in the Asian Context," Woodbury said.
 
Calingo joins Woodbury from Dominican University, where he was executive vice president and chief academic officer since 2009. Earlier, he was dean of the university's School of Business and Leadership.

Before his stint at the Dominican University, he served as:
  • dean of the Boler School of Business at John Carroll University in Cleveland;
  • dean of the College of Business Administration;
  • professor of international business at California State University, Long Beach;
  • past chair of the California State University Association of Business Deans, and
  • member of the Board of Examiners of the Malcolm Baldrige National Quality Award.
 

His professional interests include servant leadership, strategic planning, total quality management, and international business with a focus on Southeast Asia.

His biography on the Woodbury website said he has been married to his wife Gemeline for 31 years. They have three daughters, Ashley, Alexandra, and Arienne.
 
An article on Marinscope.com said Calingo was born in 1955 in Quezon City. He was the oldest child of Mariano and Lucia Calingo, both engineering graduates.
 
Calingo attended the University of Philippines High School and initially wanted to be an attorney. He created a church choir and was inclined toward Catholic social teaching.
 
In his teens, he protested the regime of then President Ferdinand Marcos and joined farmers, drivers and priests who marched on Plaza Miranda.
 
At UP, he helped organize farmer associations, build small-scale irrigation systems and mechanized farming.
 
He moved to the US in 1980 and then moved his family to Singapore in 1993, and became an academic force at the Nanyang Technological University.
 
In 1996, he returned to Fresno and took another leave to be Professor of International Management at the Monterey Institute business school. - VVP, GMA News

Tuesday, February 28, 2012

...the good payer

Japan: Philippines A Good Payer




OSAKA, Japan - The Philippines has yet to settle some ¥ 965 billion (P512.4 billion) worth of development packages it borrowed from Japan in the past years, making it the fourth country across the world with a huge outstanding loans based on the list of the Japan International Cooperation Agency (JICA).

But the good news is that the Philippines has no current pending loans from Japan and is assessed to be a good payer, according to Michino Yamaguchi, of the JICA-Media Division.

"The Philippines repays the outstanding loan steadily," said Yamaguchi.

Based on JICA records, most of the loan packages were spent to transportation-based projects like building of roads, bridges, ports, and airports across the Philippines.

From 1971, Japan has already infused some ¥ 757 billion in the transportation-based projects, accounting for 35 percent of the entire development loan assistance to the Philippines.

Commodity loans came next with 19 percent, followed by electric and power-related projects with 13 percent, Agriculture/Forestry/Fisheries with 11 percent and Irrigation and Flood Control with 10 percent.

A total of $20.5 billion has already been lent to the Philippines via Japan's Official Development Assistance (ODA) to the Third World Countries, but only ¥ 965 billion remain unpaid so far.

"As the Philippines is classified to be a Lower-Middle-Income country based on Income Category of the World Bank, the terms and conditions of Lower Middle Income Countries are applied," said Yamaguchi.

As a lower middle income country, the Philippines is accorded concessional terms on its ODA loan availment. These include a 1.4 percent interest with repayment period of 30 years, including a 10-year grace period.

Topping the JICA list is Indonesia, followed by China then India. Completing the Top 10 list are Vietnam, Pakistan, Thailand, Sri Lanka, Egypt, and Turkey.

Tsutomu Kudo, director of JICA-Media Division, said the ranking is as of 2010 as he explained that they are yet to wait until the end of next month to complete the figures for 2011.

"These loans have to be repaid," said Kudo, as he noted a downtrend on the amount being allocated by Japan for development assistance to the needy countries since 2005.

Kudo admitted that the downtrend was brought by the global financial crisis in the past years but he revealed Japan's plan to increase the ODA fund in the coming years.

But this time, he said the funds will be focused on countries that need most of foreign assistance like African countries.

JICA is the executing agency of Japan's ODA and works in more than 150 countries. Aside from granting loans, it also uses other ODA tools such as technical assistance and providing study grant to students and professionals of Third World countries.


Thursday, January 26, 2012

...the press feedom ranking


Phl improves rating in 2011 Press Freedom Index and censorship

By Artemio Dumlao
The Philippine Star
January 26, 2012



BAGUIO CITY, Philippines – The Philippines has improved slightly in the 2011 Press Freedom Index, the Reporters sans Frontières (RSF) or Reporters Without Borders said.

Now on its 10th year, RSF is a Brussels-based organization that publishes an annual rating index covering 178 countries worldwide.

Though still reeling from the stigma of the November 2009 Maguindanao massacre where at least 57 were killed including 32 media people, the Philippines ranked 140th in 2011.

A year after the Maguindanao massacre, Philippines dropped to 156th, a tremendous slide from its former ranking at 122nd.

Despite the improvement, the RSF still included the Philippines in its 2011 Press Freedom Index, together with Pakistan and Afghanistan “where violence and impunity persist” while indicating redress over “more repression in Sri Lanka, Vietnam and China.”

In the Philippines, the RSF said, “paramilitary groups and private militias continued to attack media workers.”

The Press Freedom Index this year specified the still lingering issue on the Maguindanao massacre, claiming “the judicial investigation into the Ampatuan massacre made it clear that the response of the authorities was seriously inadequate.”

The New York-based Committee to Protect Journalists (CPJ) earlier listed the Philippines third after Iraq and Somalia in the worldwide list of unsolved murders of journalists in 2011.

Maintaining its third spot since 2010, the Philippines “was adjudged from a 13-country list where journalists are murdered on a recurring basis and governments are unable or unwilling to prosecute the killers,” the CPJ said.
Violence and censorship around Asia
Journalists continued to be exposed to violence in Bangladesh (129th) and Nepal (106th), although less than in the past, the RSF noted, while citing Nepalese journalists were regularly subjected to threats from rival political groups and their supporters.

In Bangladesh, opposition groups and the ruling Awami League took turns attacking and obstructing the press. The Bangladeshi government maintains excessive control over the media and the Internet, the RSF claimed.

RSF cited China (171st) and Vietnam where freedom of information worsened because of authoritarian rule.

“China has a record of having more journalists, bloggers and cyber-dissidents in prison than any other country, stepped up its censorship and propaganda in 2011 and tightened its control of the Internet, particularly the blogosphere,” it said.

The RSF also documented that in Beijing and Shanghai, international correspondents were particular targets of security forces and had to work under the continual threat of expulsion or having their visas withdrawn. “Journalists were prevented from covering most of the events that threatened China’s stability or might have given it a negative image,” the press freedom watchdog said.

Vietnam (172nd), the RSF said, appeared to follow China’s repressive lead and fell seven places. “Politically committed journalists and pro-democracy bloggers were harassed by the authorities while courts continued to invoke state security to hand out prison sentences ranging from two to seven years,” the index claimed.

In Sri Lanka (163rd), the regime of the Rajapakse clan forced the last few opposition journalists to flee the country, RSF said.

Interestingly, the RSF saw Burma (169th) showing signs of beginning to carry out reforms including partial amnesties and a reduction in prior censorship, but it remained largely under the control of an authoritarian government run by former members of the military junta reinvented as civilian politicians. Less than 10 of its journalists remain in prison at the start of 2012.

In North Korea (178th), although news and information was able to move across its borders to a greater extent, no one knows whether this will continue under Kim Jong-un, the son and heir of Kim Jong-il. The dynastic succession, the dominance of the military machine and the government’s desire for power give no grounds for optimism.

‘Good turning bad’
RSF claimed that in 2011, countries which are traditionally good performers did not shine.

With New Zealand’s fall to 13th position, no country in the Asia-Pacific region figured among the top 10 in the index.

Hong Kong (54th), the RSF saw, showed a sharp deterioration in press freedom in 2011 and its ranking fell sharply. Arrests, assaults and harassment worsened working conditions for journalists to an extent not seen previously, a sign of a worrying change in government policy, it said.

In Australia (30th), the media were subjected to investigations and criticism by the authorities, and were denied access to information, while in Japan (22nd), coverage of the tsunami and the Fukushima nuclear accident gave rise to excessive restrictions and exposed the limits of the pluralism of the country’s press.

 Other developments
Syria, Bahrain and Yemen got worst-ever rankings owing to crackdowns after these countries’ political upheavals, the RSF said.

“This year’s index sees many changes in the rankings, changes that reflect a year that was incredibly rich in developments, especially in the Arab world.”

RSF also claimed “many media paid dearly for their coverage of democratic aspirations or opposition movements. Control of news and information continued to tempt governments and to be a question of survival for totalitarian and repressive regimes.”

This year, Eritrea, Turkmenistan and North Korea are immediately preceded at the bottom by Syria, Iran and China, three countries that “seem to have lost contact with reality as they have been sucked into an insane spiral of terror,” and by Bahrain and Vietnam, quintessential oppressive regimes, the RSF said in its report.

Other countries such as Uganda and Belarus have also become much more repressive, it added further.
On the other hand, countries like Finland, Norway and the Netherlands still “respect basic freedoms.”

RSF also noted the entry of Cape Verde and Namibia into the top 20, “two African countries where no attempts to obstruct the media were reported in 2011.”

“This serves as a reminder that media independence can only be maintained in strong democracies and that democracy needs media freedom.”

 

Tuesday, January 17, 2012

...the global economic driver

Philippines may become key global growth driver


The Philippines has the potential to become one of the top 10 countries that can greatly contribute to global growth within the decade, Goldman Sachs said.

 

By: Michelle V. Remo
Philippine Daily Inquirer


The Philippines has the potential to become one of the top 10 countries that can greatly contribute to global growth within the decade, Goldman Sachs said.

According to the investment bank, the Philippines is among the N-11 [Next 11] economies that are likely to advance to the stage of “growth countries,” or nations that account for at least one percent of global gross domestic product.

The N-11 economies are Mexico, Korea, Indonesia, Turkey, Iran, Egypt, Nigeria, Bangladesh, Pakistan, Philippines and Vietnam.

Goldman Sachs said that, except for Vietnam and Bangladesh, all N-11 economies could advance to the “growth” classification.

The investment bank’s projection is anchored on the relatively low incomes observed of most N-11 economies in the past. As a result, the countries have much room for growth and may improve their economic fundamentals significantly.

The nine economies from the N-11, along with the so-called BRICs (Brazil, Russia, India and China), are expected to contribute the most to global growth from 2011 to 2020.

“Growth markets have the potential to be among the top ten contributors to global growth over the next decade,” Goldman Sachs said.

The Philippines grew by 3.6 percent in 2011. In the past decade, it posted an average growth of close to 5 percent.

Goldman Sachs said the growth rate of N-11 countries and BRICs could accelerate further in the decade to 2020, driving much of the global economy.

For 2012, the investment bank expects the global economy to grow by 3.4 percent. Over the next eight years, the growth rate may average at 4.3 percent, led by the N-11 nations and BRICs.

“Average growth rates suggest that global growth is likely to be much stronger in the current decade, at 4.3 percent, than in the past 30 years. This is due to the impetus from the BRIC economies and the other growth markets,” Goldman Sachs said.

Saturday, December 3, 2011

...the hard earned money

Migrant remittances top $350bn—World Bank


Agence France-Presse
via Phil. Daily Inquirer


The Philippines is fourth largest recipient of remittances in the world for  2011 with est. $23 billion


GENEVA—Migrant workers from developing countries will have sent home more than $350 billion in remittances by the end of this year, a World Bank report said Friday.

The figure tops $400 billion for 2011 if money sent to high-income countries is included, said the report, released during the fifth meeting of the Global Forum on Migration and Development in Geneva.

The top recipients of officially recorded remittances were India, which took in $58 billion, followed by China ($57 billion), Mexico ($24 billion) and the Philippines ($23 billion).

Other top beneficiaries were Pakistan, Bangladesh, Nigeria, Vietnam, Egypt and Lebanon.

“Despite the global economic crisis… remittance flows to developing countries have remained resilient, posting an estimated growth of 8 percent in 2011,” said Hans Timmer, director of the bank’s Development Prospects Group.

“Remittance flows to all developing regions have grown this year, for the first time since the financial crisis.”


The World Bank expects a 7.3 percent rise in such payments in 2012 and a 7.9 percent increase in 2013.

The two-day Global Forum meeting — attended by 160 nations and 30 groups — was opened Thursday by Swiss minister Simonetta Sommaruga, who called for stronger international collaboration in asylum policy.

The body was set up in 2006 by then UN secretary general Kofi Annan to strengthen cooperation between migrants’ countries of origin, transit and destination.


Thursday, September 29, 2011

...the Signature Art finalist

Pinoy a finalist in prestigious Signature Art Prize

09/29/2011
 
 
"Baston ni Kabunian, Bilang Pero di Mabilang" by Rodel Tapaya


MANILA, Philippines - A Filipino artist is one of the 15 finalists in the 2011 Signature Art Prize, a competition that recognizes significant works of art coming from the Asia Pacific region's contemporary art landscape.

Rodel Tapaya was chosen out of 130 hopefuls from 24 countries and territories. A total of nine Filipinos participated in the Signature Art Prize this year.

This is a breakthrough achievement for the Philippines since this is the first time the country is participating in the contest, said Asia Pacific Breweries (APB) Foundation, funder of the Signature Art Prize.

"Filipino artist Rodel Tapaya's painting, 'Baston ni Kabunia, Bilang Pero di Mabilang,' employs imagery from Filipino folklore juxtaposed with elements of modern day Philippines, commenting on pre-colonial myths, stories and cultural heritage while also commenting on current issues such as environmental destruction," APB Foundation said in a statement.

The rest of the finalists came from Cambodia, China, India, Indonesia, Japan, Malaysia, Australia, New Zealand, Pakistan, Singapore, Taiwan and Vietnam. South Korea has two finalists this year.

"Each of the 15 shortlisted artworks has stood for its strength of concept and execution, and many are also extremely moving pieces," said a statement from the jury panel, which includes art experts from the region.

"The Signature Art Prize does not rest on a system of national quotas. Rather, it recognizes and honors the outstanding merit of the singular artwork or art project."

APB Foundation said the 15 artworks will be presented at the finalists' exhibition, which will run at the Singapore Art Museum from November 11 to March 12 next year. The winners will be named on November 17.

The Grand Prize winner will receive 45,000 Singapore dollars. Three Jurors' Prize awardees and one People's Choice awardee, on the other hand, will receive 10,000 Singapore dollars each.

The Signature Art Prize is organized by the Singapore Art Museum.

Saturday, August 13, 2011

...the CNN's best 5 photo

SC photog’s ‘Ondoy’ shot lands in CNN’s best 5

INQUIRER.net
Photography, Ondoy, Doranne Lim, flood, CNN, CNN iReport, Supreme Court, Philippines, photojournalism


MANILA, Philippines—Lawyer Doranne Lim was taking photographs during an inspection of the flood-damaged Hall of Justice in Pasig City in September 2009.

Little did she know her snapshot of residents wading through floodwater spawned by Typhoon “Ondoy” (Ketsana) would be chosen by CNN as second in its five best examples of photojournalism from 2006 to 2011.

Lim was then documenting a visit to the Hall of Justice by then Supreme Court chief justice Reynato Puno when she captured on film the hardship of the flood-stricken residents of Pasig City.

She sent her photographs to CNN iReport and she would later be interviewed on phone by the international news network as her photographs were shown for the next 24 hours.

Topping the list of CNN’s best five was a photograph of a flood victim in Pakistan by AlizehImtiaz, a Pakistani filmmaker who covered the calamity and distributed relief goods in 2010.

In third place is a picture of firefighters shrouded in smoke, captured by professional photographer Chris Honeysett during the 2010 San Bruno explosion in California.

In fourth place is a photograph of three bandaged German tourists who were near an explosion at a government building in Oslo, caught by Trond Lindholm, a street photographer from Norway who was at the scene immediately after the attack. In fifth place is a photograph of a mass grave of earthquake victims on a hilltop, shot by then photography student Bobby Moon in Port-au-Prince, Haiti in 2010.

To mark the 5th anniversary of CNN iReport, the five best examples of photojournalism in its five years are being showcased on its website at ireport.cnn.com. iReport is the citizen journalism initiative of CNN that allows people from around the world to contribute pictures and videos of breaking news in their respective countries.CNN receives thousands of submissions daily.

Lim is a lawyer working at the Supreme Court’s Public Information Office. Aside from her regular legal tasks, she documents the activities of the high tribunal even those held in the provinces, like the Enhanced Justice on Wheels.

Monday, June 6, 2011

...the cave that housed the extinct sea cow

Extinct sea cow fossil found in Philippines




MANILA, Philippines — The bones of an extinct sea cow species that lived about 20 million years ago have been discovered in a cave in the Philippines by a team of Italian scientists, the expedition head said Monday.

Several ribs and spine parts of the aquatic mammal were found in February and March in limestone rock above the waters of an underground river on the island of Palawan, said University of Florence geologist Leonardo Piccini.

“The fossil is in the rock, in the cave. We cannot remove it and we don’t want to extract it. We would like to wait (for) when the technology will allow us to study the fossil without extracting it,” Piccini told Agence France Presse.

Speaking on the sidelines of a symposium at the Philippine presidential palace where the find was announced, Piccini said it was a rare discovery in the region from the Miocene era — 20 million years ago.

“It’s the first remains of this kind of animal in the area, so it is important in reconstructing the habitat and the diffusions of this animal in the Miocene,” he added.

Initial comparisons with fossil specimens suggest it belongs to one of two extinct species of plant-eating sirenia, also known as sea cows, according to research by Federico Panti and Paolo Forti, a member of the Palawan expedition.

They said the animal would have been about 180 centimetres (about six feet) long.

Two sea cow species live to this day, the dugong of the Indo-Pacific region and manatees of the Atlantic basin.

The paper said such fossil finds in the East had been limited to India along with some fragmentary finds in Madagascar, Pakistan, Sri Lanka, and the Indonesian island of Java.

“The specimens (found) in the Palawan Island represent the first from the Philippines and the easternmost occurrence in the region,” it added.

It called on the government to protect the area of the find in the Puerto Princesa subterranean river, which is being heavily promoted as a major tourist destination.

Tuesday, May 31, 2011

...the resolution

PHL resolutions adopted at UN meet

At least two key resolutions of the Philippines were adopted at the 67th Session of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP), the Department of Foreign Affairs (DFA) reported on Tuesday.

The UN ESCAP adopted the resolutions on:
  • the improvement of civil registration and vital statistics in the Asia-Pacific region, and

  • enhancing accessibility for persons with disabilities.

    "The resolutions were part of a set of 15 resolutions adopted in the meeting on issues from bridging wide development and infrastructure gaps within the region, to cooperation for energy security and disaster preparedness," the DFA said in a news release posted on its website.

    The Philippine resolution on civil registration and vital statistics was co-sponsored by Australia, Bangladesh, and Thailand.

    The resolution emphasized the importance of these systems in designing social protection schemes and improving development outcomes.

    It also called for the commitment of Asia-Pacific countries in convening a regional meeting of decision makers to strengthen civil registration and vital statistics systems.

    "The Philippines is only one of two countries in the region with an integrated civil registration and vital statistics system," the DFA said.

    ESCAP meeting

    The DFA said the ESCAP's meeting was held in Bangkok from May 19 to 25.

    The next session of ESCAP, to be held in Bangkok in April or May 2012, will focus on enhancing regional economic integration in Asia and the Pacific region.

    A comprehensive social and economic agenda for sustainable and inclusive development in the region was drawn up during the week-long annual UN forum.

    The central theme of this year's session emphasized the urgency of social protection and development amidst crises that worsened poverty in Asia-Pacific region.

    The 67th session of UN ESCAP was participated in by more than 45 countries and 30 UN bodies, international organizations (IOs) and observer non-governmental organizations (NGOs) in the region.

    Governing council member

    During the ESCAP meeting, the Philippines was elected member of the new Governing Council of the Asian and Pacific Centre for Transfer of Technology (APCTT) 2011-2014.

    The other countries elected to the Governing Council were Bangladesh, China, Fiji, Indonesia, Iran, Malaysia, Nepal, Pakistan, Samoa, Sri Lanka, Thailand and Uzbekistan.

    The Department of Science and Technology's (DOST) Engineer Edgar Garcia will represent the Philippines in the Governing Council.

    During the meeting, Asia-Pacific member states achieved consensus on a wide-range of policy recommendations aimed at sustaining the region's economic growth while minimizing its social and environmental costs.

    "The Philippine delegation was active in discussions on information and communications technology, social development and statistics," the DFA said.

    "It also shared its experience on the implementation of its Conditional Cash Transfer Program, resulting in greater access to primary schooling, improved maternal mortality and lowered infant mortality among the poor," the DFA added.

    A key outcome of the session was an agreement by Asia-Pacific countries to invest in building a "social protection floor" offering a minimum level of access to essential services and income security to all.

    The Philippine delegation to 67th UN ESCAP session was headed by Social Welfare and Development Undersecretary Mateo Montano and composed of representatives from the DFA, the National Economic and Development Authority (NEDA), the Department of Social Welfare and Devleopment (DSWD), the National Statistics Office (NSO) and the Commission on Information and Communications Technology (CICT).

    The Philippines also successfully presided as Vice Chairperson of the meeting, with Montano elected Vice Chairperson of the Bureau for the Ministerial Segment held from May 23 to 25.

    NSO Administrator Carmelita Ericta was elected First Vice Chairperson of the Committee of the Whole II of the Senior Officials Segment held on May 19 to 21. - VVP, GMA News

  • Tuesday, May 24, 2011

    ...the top remittance recipient

    WB: PHL remittances 2nd highest amid inflation


    Despite its ballooning inflation rate, the Philippines posted the second highest growth of remittances among developing countries for 2010, the World Bank said in a report released to the Philippine media Tuesday.

    In the WB Outlook for Remittance Flows for 2011 to 2013, economists Sanket Mohapatra, Dilip Ratha, and Ani Silwal reported that remittances to the Philippines, adjusted for inflation in local currency terms, grew by -1.4 percent in 2010. The top performer in this area was China, which grew by 1 percent.

    Published under the WB Migration and Development Brief on Monday, the report places these figures in the context of the “quick" recovery of developing countries from the 2008 global financial crisis.

    “Officially recorded remittance flows to developing countries recovered quickly to $325 billion in 2010 after the global financial crisis," the WB explained. “But they have not kept pace with rising prices in recipient countries."

    Overall, the WB said remittances to developing countries grew 5.6 percent in US dollar terms in 2010, “but grew by a smaller 3.9 percent after accounting exchange rate changes, and fell by 2.7 percent after adjusting for inflation."

    In 2010, the Philippines’ inflation rate grew to 3.8 percent from 3.2 percent in 2009, according to the National Statistics Office.

    PHL among top recipients

    With $21.4 billion in remittances, the Philippines took the fourth largest share of remittances among developing countries in 2010, the WB said. The largest recipient was India with $53.1 billion, followed by China with $51.3 billion, and Mexico with $22 billion.

    In US dollars, the WB said remittances to the Philippines grew by 8.1 percent in 2010 — the fourth largest growth in US-dollar terms, next to Vietnam with 17 percent, Lebanon with 11.3 percent, and Pakistan with 11.1 percent. The Philippines’ growth in this area ties with that of Egypt.

    In local currency terms, the Philippines fared as the 8th among the 10 largest recipient countries in 2010, the WB said. The country posted a growth of 2.3 percent in this area, trailing Vietnam, Pakistan, Lebanon, Egypt, Nigeria, China, and Bangladesh.

    “The reduction in local currency value of remittances implies hardship for recipients, and increased pressure on migrants to send more to maintain the purchasing power of their remittances," the WB noted.

    For the East Asia and Pacific region, which includes the Philippines, the WB projected a growth of 6.8 percent in remittance inflows last year, 8 percent for 2012, and 9.5 percent for 2013.

    “Given the volume of remittances flowing to developing countries, innovative financing tools such as diaspora bonds and remittance-backed bonds are being viewed as potential sources that can finance infrastructure and development projects at lower cost and longer maturities," the WB added.

    Effect of Middle East, North Africa crisis

    The multilateral bank also said the effect on migration of the political turmoil in parts of North Africa and the Middle East “appears to have been largely localized within the region."

    “Outside the North Africa and Middle East region, the remittance recipient region that could be affected by the crisis is South Asia," the WB said.

    However, the bank noted a “lack of reliable and high-frequency data on both migration and remittances during the crisis in North Africa and the Middle East."

    “Basic facts on the impacts of the crisis for migrants and recipient countries are simply not available," the WB said. “There is urgent need for rapid monitoring systems in both migrant-sending and -recipient countries through improved data collection and dissemination of high-frequency data on migration and remittances."

    Earlier this month, the Bangko Sentral ng Pilipinas reported that overseas Filipino workers’ remittances rose by 5.9 percent in the first quarter of 2011 amid earlier fears of a decline due to the political unrest in Middle East and North Africa, and the disasters in Japan. — VS, GMA News