Friday, January 21, 2022

2GO Moves 500 Tons Of Critical Goods To Typhoon-Hit Areas

In the aftermath of Typhoon Odette, 2GO Sea Solutions has provided free port-to-port transportation of 500 tons of humanitarian materials from Manila to heavily typhoon-affected communities in the Philippines.

Airspeed Bridges Communities To Bring Critical Relief To Typhoon-Hit Areas

Airspeed offered the use of its warehouses in Manila and Cebu for free for storage of relief goods to be transported to areas hit by Typhoon Odette.

International Peace Conference To Commemorate Civilian-Led Peace Agreement In Mindanao

An international online peace conference will be held to celebrate the 8th anniversary of a civilian-led peace agreement in Mindanao on the 24th of January.

Ormoc City Strengthens Stance Toward RE

The Ormoc City government in Leyte has solidified its stance toward pursuing renewable energy within its jurisdiction with a recent resolution declaring it as an official policy in the city and encouraging the entire province to adopt it as well.

IMF: Global Uncertainty Over Coronavirus At Record High

IMF: Global Uncertainty Over Coronavirus At Record High

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BAJAJ MAXIMA CARGOspot_img

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A new measure of global uncertainty around the coronavirus has surged to a record high, according to a blog post released by the International Monetary Fund (IMF).

“The coronavirus continues to spread. As more countries impose quarantines and social distancing, the fear of contagion and income losses is increasing uncertainty around the world,” Hites Ahir and Davide Furceri, officials at the IMF’s Research Department, and Nicholas Bloom, a professor of economics at Stanford University, wrote in the blog post.

To quantify uncertainty related to the coronavirus crisis and compare it with previous pandemics and epidemics, the three researchers developed the World Pandemic Uncertainty Index (WPUI) for 143 countries starting in 1996.

As of March 31, the WPUI is three times the size of the uncertainty during the 2002-03 severe acute respiratory syndrome (SARS) epidemic and about 20 times the size of that during the Ebola outbreak.

“The level of uncertainty around the coronavirus is expected to remain high as cases continue to rise and it is still not clear when the crisis will end,” the researchers wrote, warning high uncertainty historically coincides with periods of lower growth and tighter financial conditions.

“The current level of uncertainty related to the coronavirus crisis is no exception as the economic impact is already visible in the countries most affected by the outbreak,” they said, noting that “increased coordinated action” will be key to boosting confidence and providing stability to the global economy.

The increasing uncertainty came as the number of confirmed Covid-19 cases worldwide has exceeded 1.14 million with over 60,000 deaths, according to the tally from Johns Hopkins University.

“We’re now in recession, it is way worse than the global financial crisis,” IMF Managing Director Kristalina Georgieva said Friday at a joint press conference with the World Health Organization (WHO), noting the “dual crisis” — health and economic crisis — caused by Covid-19 outbreak is unprecedented in the history of IMF.

Georgieva stressed that saving lives and protecting livelihoods ought to go hand in hand as the coronavirus sweeps across the globe.

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Spotlight

2GO Moves 500 Tons Of Critical Goods To Typhoon-Hit Areas

In the aftermath of Typhoon Odette, 2GO Sea Solutions has provided free port-to-port transportation of 500 tons of humanitarian materials from Manila to heavily typhoon-affected communities in the Philippines.

Airspeed Bridges Communities To Bring Critical Relief To Typhoon-Hit Areas

Airspeed offered the use of its warehouses in Manila and Cebu for free for storage of relief goods to be transported to areas hit by Typhoon Odette.

International Peace Conference To Commemorate Civilian-Led Peace Agreement In Mindanao

An international online peace conference will be held to celebrate the 8th anniversary of a civilian-led peace agreement in Mindanao on the 24th of January.

Ormoc City Strengthens Stance Toward RE

The Ormoc City government in Leyte has solidified its stance toward pursuing renewable energy within its jurisdiction with a recent resolution declaring it as an official policy in the city and encouraging the entire province to adopt it as well.

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Sara Returns To Siargao, Extends More Aid To Distressed Residents

Davao City Mayor Sara Duterte and members of her “UniTeam” went back to Siargao Island on Thursday to check the situation and oversee the continuing relief and rehabilitation efforts being undertaken for the victims of Typhoon Odette in the province.

Vax In Pharmas To Help Marikina Hit Daily Booster Shots Target

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Home-Bound Persons Exempt From ‘No Vax, No Ride’ Policy: DOTr

Individuals going home—whether bound for Metro Manila or away to a province—are now exempt from the “no vaccine, no ride” policy in public transportation in the National Capital Region.

Vax Policy In F2F Classes Aims To Protect, Not Discriminate

The Department of Education said Thursday its requirement of coronavirus vaccination for teaching and non-teaching personnel who will participate in limited face-to-face classes is to prevent the spread of the virus, not a discrimination.

PH To Focus On Pfizer, Moderna For Pediatric Vaccination

The government expects the increase of vaccine demand for pediatric vaccination as they will soon start vaccinating children aged 5 to 11 years old, National Task Force against Covid-19 chief implementer, Secretary Carlito Galvez Jr., said Thursday.

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