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Day: July 23, 2024

NDRRMC: 8 dead from effects of ‘habagat’, 2 cyclones

MANILA: The combined effects of bad weather due to the southwest monsoon (habagat) and tropical cyclones Butchoy and Carina in a large part of the country has so far left eight people dead, the National Disaster Risk Reduction and Management Council (NDRRMC) said Tuesday. In its latest situation report, the disaster response body said the figure includes seven confirmed fatalities – four in Zamboanga Peninsula and one each in Northern Mindanao, Davao Region, and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). Still undergoing validation are reports of another death in the BARMM along with two injured and one missing

HSBC FORECASTS MALAYSIA’S 2024 GDP AT 4.5 PCT

KUALA LUMPUR, HSBC has forecast Malaysia’s gross domestic product (GDP) growth at 4.5 per cent for 2024, slightly above consensus with an upside risk. Its co-head of Global Research Asia and chief Asia economist, Frederic Neumann, said the forecast was supported by the country’s robust economic performance and the incoming inflows of foreign investments. ‘We also expect a pickup in trade over the second half (2H) of this year, benefitting mainly from consumer electronics,’ he said in the HSBC 2H 2024 Asian Outlook webinar today. Neumann said Southeast Asian countries, including Malaysia, have continued to perform well in their economies,

Emulate Mabini, Marcos tells youth

MANILA: President Ferdinand R. Marcos Jr. on Tuesday called on the youth to draw inspiration from the life and works of Apolinario Mabini to become an active contributor to nation-building. Speaking at Mabini’s 160th birth anniversary commemoration at the Mabini Shrine in Tanauan, Batangas, Marcos honored the ‘Sublime Paralytic’ for overcoming his disability and contributing greatly to the revolution against the country’s colonizers. ‘Tinatawagan ko ang mga kabataang Pilipino ngayon na gawing inspirasyon at halimbawa ang buhay ni Apolinario Mabini upang magpunyagi sa buhay (I call on the Filipino youth today to use Apolinario Mabini’s life as an inspiration and

RELEVANT PARTIES SHOULD OFFER AIRASIA COMPENSATION FOLLOWING GLOBAL IT OUTAGE – TONY FERNANDES

SUBANG, Relevant parties should have offered AirAsia Group compensation following the global IT outage, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes. He said the relevant parties needed to be responsible for last Friday’s situation, which affected the airline services. ‘The principle is that if we do something wrong, we have to compensate. We, other airlines, and other businesses lost a lot. ‘They should offer us compensation, and right now, we have to wait and see,’ he told reporters after launching AirAsia’s operations at the Sultan Abdul Aziz Shah Airport in Subang, here today. Last Friday, major

Recto: Gov’t to help Filipino POGO workers find new jobs

MANILA: Department of Finance (DOF) Secretary Ralph Recto on Tuesday gave assurance that the agency would help Filipino Philippine Offshore Gaming Operators (POGOs) find new employment. This, after President Ferdinand R. Marcos Jr., in his third State of the Nation Address Monday, ordered the Philippine Amusement and Gaming Corp. (PAGCOR) to wind down and cease POGO operations by the end of the year. ‘We have until the end of the year to ensure that all displaced Filipino workers will have new jobs and I think that is more than enough time. The DOF will work closely with the Department of

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