Subscribe free to our newsletters via your
. Earth Science News .

Super typhoon cools Philippine economy
by Staff Writers
Manila (AFP) May 29, 2014

Typhoon spawns new disaster center in Philippines
Manila (UPI) May 29, 2013 - A central command center to help the Philippines better cope with disaster response has been established by the government and IBM.

The new intelligent operations center, engendered as a consequence of last year's devastating typhoon Yolanda, was inaugurated Thursday in Quezon City by IBM and the Department of Science and Technology.

IBM had issued an Impact Grant of technology and services following the typhoon and delivered the center, which features an integrated communications.

"In the wake of Typhoon Yolanda, IBM teams in the U.S. and Philippines recognized both the enormity of the crisis and the opportunity to provide cutting-edge technology," said Mariels Almeda Winhoffer, president and country general manager of IBM Philippines. "These solutions will address the government's need for better decision-making support, and at the same time, provide a starting point to better manage future responses."

IBM said its integrated solution will pull data from disparate sources into a common view, giving emergency managers advance warning of extreme weather events, feedback from first responders on casualties and the condition of buildings, roads, and infrastructure for analytics and response planning.

The Philippines' roaring economy cooled in the first quarter of the year as the impacts of Super Typhoon Haiyan and other natural disasters hit harder than expected, official data showed Thursday.

Economic growth slowed to 5.7 percent in January-March, compared with 7.7 percent in the same period last year, the government said.

"The relatively slow growth is expected given the magnitude of the destruction," Economic Planning Secretary Arsenio Balisacan told reporters, highlighting damage particularly to the agriculture, trade and tourism sectors.

Economists had forecast growth of 6.4 percent in the first quarter, according to Dow Jones Newswires, and the government had been targeting an expansion of 6.5-7.5 percent.

"We were expecting, like so many observers, we would hit the range of 6.5-7.5 if things were not so bad in the disruption of the supply chain," Balisacan said.

The Philippines has in recent years had one of the fastest-growing economies in Asia, with rising confidence seeing the once regional laggard awarded investment-grade ratings while the stock market hit record highs.

The Philippine economy grew 7.2 percent last year, the fastest in Asia after China.

However the nation of 100 million people endured a brutal run of natural disasters towards the end of last year that claimed thousands of lives, while severely damaging vital farming, fishing and tourism industries.

The worst disaster was Haiyan, which carried the strongest winds ever recorded on land and killed or left missing more than 7,300 people as it tore across the central Philippines in November.

"There was a supply shock in the (typhoon-affected) areas. It affects different parts of the country and that makes us sometimes underestimate the effects of a disaster," Balisacan said.

In October, a 7.1-magnitude earthquake also killed more than 200 people on the tourist islands of Bohol and Cebu.

Balisacan said the economy was expected to return to stronger growth rates from the second quarter, and expressed confidence the government's target of 6.5-7.5 percent for the year could still be achieved.

He also emphasised the first quarter result was strong compared with the rest of Asia, saying only China and Malaysia were expected to have faster rates.

Finance Secretary Cesar Purisima pointed out that the Philippines had now recorded nine consecutive quarters of growth above 5.5 percent, while keeping inflation under control. He said inflation was 4.1 percent in the first quarter.


Related Links
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Be prepared for hurricanes, despite calm forecast, NOAA warns
Miami (AFP) May 29, 2014
Despite the quiet forecast for this year's hurricane season, the director of the Miami-based National Hurricane Center warned Thursday not to let guards down completely. Rick Knabb, director of the National Oceanic and Atmospheric Administration's NHC, emphasized that even a single storm that hits land can have a huge impact. He cautioned residents of all hurricane-prone areas, from the ... read more

Outcry as French police demolish Calais migrant camps

Australia rules out swathe of ocean as MH370 crash zone

MH370 search on right track: Australian transport chief

Risk is much more than a game

Microsoft allies with in 'cloud' push; Acer launches software 'cloud' service

Australia's Orica plans to ship toxic waste to France

Cranial knowledge

Liquid crystal as lubricant

Satellite imagery shows drought-ridden Lake Powell at half capacity

Australian environmentalists welcome bank wariness on reef port

Bottom trawling causes deep-sea biological desertification

Better science for better fisheries management

Melting Arctic opens new passages for invasive species

Norway creates 'safety zone' at contested Arctic drill site

NASA IceBridge Concludes Arctic Field Campaign

New study finds Antarctic Ice Sheet unstable at end of last ice age

France's unloved tipples hope to match cognac's Asia boom

Drop in global malnutrition depends on ag productivity, climate change

Weather Impacts on Food: A QandA with NASA's Molly Brown

US city drops threat to close 'smelly' hot sauce factory

Shallow 5.9 magnitude earthquake hits SW China: USGS

Super typhoon cools Philippine economy

NASA Widens 2014 Hurricane Research Mission

Storm Amanda blamed for three deaths in Mexico

High-level UN meeting in Kenya on despite security fears

China to send peacekeeping battalion to S.Sudan: UN

Kenya's buses to go cashless to beat bribes

Northern Mali rebels agree to ceasefire: diplomat

Humans traded muscle for smarts as they evolved

Journey of Discovery Starts toward Understanding and Treating Networks of the Brain

Intertwined evolution of human brain and brawn

Virtual dam on after-hours emails tackles burnout

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.