'IT'S MORE FUN' HERE, PHILIPPINES TELLS TRAVELERS

The Philippines is highlighting the ebullient nature of Filipinos in acampaign to draw more visitors to Asia's tourism laggard.The country says: "It's more fun in the Philippines."Tourism Secretary Ramon Jimenez says, "What differentiates the Philippines from other offerings is the Filipino.

'SENDONG' DEATH TOLL IN PHILIPPINES MAY REACH 3,000

It's going to be "Silent Night" on Christmas Eve for thousands of people who lost their loved ones in the worst storm to hit the country this year. Many households in the flood-ravaged cities of Cagayan de Oro and Iligan are grieving. There will be no fireworks, not even firecrackers there. Instead, candles will be lit in houses where power has yet to be restored, and in funeral wakes..

SYRIA BURIES VICTIMS OF CONTESTED BOMBING

Crowds waving Syrian flags and pictures ofPresident Bashar al-Assad gathered on Saturday to bury 26 people who the authorities said were killed by a suicide bomber at a busy Damascus crossroads.

PHILIPPINES TO SHUT SOME MINES AFTER LANDSLIDE

The Philippine government on Friday ordered the shutdown of gold-mining tunnels threatened by landslides in a southern town where a chunk of a mountain tumbled down on sleeping residents, killing at least 27 people. The landslide struck hours before dawn Thursday on a mountain dotted with mine shafts and crude shanties with corrugated metal roofs in Napnapan village in Compostela Valley province.

SOUTH KOREA TAKES "MAJOR STEP" TO ACCEPTING CANADA BEEF

South Korea has taken a "major step" to ending an eight-year-old ban on imports of Canadian beef, Canada's agriculture and trade ministers said on Friday. The South Korean Parliament ratified import health requirements for Canadian beef under 30 months of age on Friday, one of the final steps to ending the ban, the ministers said in a release. South Korea is the last major beef-importing country to agree to lower its restrictions on Canadian beef, since a 2003 case of mad-cow disease (BSE) in Canada.

Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Saturday, January 7, 2012

South Korea takes "major step" to accepting Canada beef



By Rod Nickel

(Reuters) - South Korea has taken a "major step" to ending an eight-year-old ban on imports of Canadian beef, Canada's agriculture and trade ministers said on Friday.
The South Korean Parliament ratified import health requirements for Canadian beef under 30 months of age on Friday, one of the final steps to ending the ban, the ministers said in a release.
South Korea is the last major beef-importing country to agree to lower its restrictions on Canadian beef, since a 2003 case of mad-cow disease (BSE) in Canada.

"This has been a long journey and today's announcement is a big step forward for our hard-working beef producers to once again bring their world class product to the South Korean marketplace," said Agriculture Minister Gerry Ritz.

Canada is the world's third-biggest beef shipper and in 2002, prior to the ban, South Korea was Canada's fourth biggest beef market.
South Korea also initially banned U.S. beef but later allowed in U.S. beef within the 30-month age limit.

Monday, January 2, 2012

Turkey export growth 'hits record in 2011'

News article from afp.com
By afp news

Turkey's exports increased by a record 18.2 percent in 2011, reaching $134.6 billion, Economy Minister Zafer Caglayan said on Monday.
"This is a record in the history of the republic," the minister was quoted as saying by the Anatolia news agency.

Turkish exports in December 2011 increased by 4.5 percent compared to the same month in 2010 and hit $12.1 billion, he added.

Turkey, a country of about 73 million people and the world's 17th-biggest economy, shows one of the highest growth rates in the world, but the government expects output to roughly halve next year because of the eurozone crisis.



The economy grew by 8.9 percent in 2010 and the government forecasts growth of 8.0 percent for 2011.


Read more @ afp.com
Article belongs to the respective news writers of afp.com and afp.com
Used for public information only.

Sunday, January 1, 2012

Iran 'tests 1st nuclear fuel rod from own uranium'

News article from afp.com
By: afp news

Iran said on Sunday that its scientists have "tested the first nuclear fuel rod produced from uranium ore deposits inside the country," the website of the Iranian Atomic Energy Organisation said.
"After going through physical checks, it was inserted into the core of the Tehran research reactor in order to study how well it works," the website added.

Iran said last month that it planned to insert domestically produced uranium fuel into the Tehran research reactor, which produces isotopes for medical purposes and currently runs on a nearly depleted stock of nuclear plates bought from Argentina in 1993.

The Tehran reactor requires uranium enriched to 20 percent, a far higher level than that needed for Iran's Russian-built nuclear power plant in Bushehr, on the Gulf coast, which uses Russian fuel that is returned when spent.

The atomic energy organisation did not specify the level of enrichment of the trial fuel rod but Iran's programme to enrich uranium to the higher level has been at the centre of growing Western concerns about the goals of its nuclear programme.



Western governments have expressed fears that Iran's real aim is to develop a capability to enrich uranium to the 90 percent level necessary for a nuclear bomb, an ambition Tehran strongly denies.
Uranium enriched to 20 percent level is normally manufactured into plate, not rod, form for use as fuel.

Western governments nations have expressed scepticism that Iran has the technology to produce plates.

Iran already faces four sets of UN sanctions and additional unilateral Western sanctions imposed over its refusal to heed repeated ultimatums to suspend its uranium enrichment programme.
Ther announcement of the fuel rod test came a day after US President Barack Obama signed into law tough new sanctions targeting Iran's central bank and financial sector.

Read more @ afp.com
Article belongs to the respective news writers of afp.com and afp.com
Used for public information only.

Wednesday, December 28, 2011

Indonesian protest deaths halt gold exploration

News article from afp
By: afp news

An Australian gold mining exploration company said it had halted activities at a project in Indonesia, after a violent protest at a nearby port last week that left two people dead.



Two men were killed and about 20 injured on December 24 when police opened fire on hundreds of anti-mining demonstrators who for several days had been occupying Sape port on the island of Sumbawa.

Man tried to take 247 animals on plane

News article from Afp.com
By: AFP

A Czech national was nabbed in Argentina for trying to board a transatlantic flight with 247 live animals including poisonous snakes and endangered reptiles packed in a bulging suitcase, reports said Monday.

The man identified as Karel Abelovsky, 51, was caught while trying to board a flight for Madrid when shocked baggage X-ray technicians and staff at the Iberia Airlines desk at Ezeiza Airport in greater Buenos Aires noticed "organic substances moving inside," local media reported.
When they opened the bag, they found more than 200 reptiles and mollusks, among them nine species of poisonous snakes including South American pitvipers, packed in clear plastic containers.




There were also 15 venomous vipers, including two yararas -- which can measure up to 1.50 meters (five feet) -- and several young boas.

Qatar eyes $1-billion investments in Phl

News article from Philstar.com
By: Ma. Elisa P. Osorio

MANILA, Philippines - The oil-rich state of Qatar is ready to invest up to $1 billion mainly for infrastructure projects in the Philippines, a ranking official of the Department of Trade and Industry (DTI) said yesterday.




In an interview, Trade Undersecretary Cristino Panlilio said they are in talks with Qatari authorities for the terms of the investment agreements expected to be signed during the upcoming visit in mid-January of the Emir of Qatar.

Monday, March 22, 2010

Job Loss Takes a Toll on Mental Health





In an era of 9.7 percent unemployment, no one needs to be told that losing your job is bad for your bank account. But unemployment also undermines a less-obvious measure of well-being: mental health.


Such psychological turmoil isn't surprising, said Harvey Brenner, a professor of public health at the University of North Texas Health Science Center and Johns Hopkins University, who studies the relationships between economic trends and psychological well-being.



Gallup questioned 40,000 adult Americans about their employment status, emotions and activities. People working full-time or content with a part-time schedule were counted as "employed," while those who were working part-time but wanted full-time work and those who were not working at all but wanted to be were labeled "underemployed."
Negative emotions were more common among the underemployed, 46 percent of whom reported feelings of worry and 27 percent of whom reported sadness. For the employed, those numbers were 29 percent and 13 percent, respectively.
In addition, 21 percent of the underemployed said they'd been told by a medical professional they haddepression, a number that was just 12 percent for people who were employed.
Snapshot of the unemployed
The poll represents a snapshot in time and can't be used to determine if underemployment causes depression or if depressed people are more likely to lose their jobs. But longitudinal research - which follows the same people over many years - suggests that job loss does decrease psychological well-being, said David Dooley, a professor of psychology and social behavior at the University of California, Irvine.
"Our research finds that an adverse change in job situation does lead to an increase in symptoms of depression," Dooley said. High underemployment also causes an uptick in people's reports of sadness, he said. In other words, in bad times, everyone's mood takes a turn for the worse.
Factors such as age and education affect how people cope with job loss, Dooley said. For example, he's found that people in their early twenties are more likely to misuse alcohol after losing a job than people in their late twenties. That could be because age brings family obligations and responsibilities like home ownership, Dooley said, so older workers are less free to drown their sorrows.
The bulk of unemployment research has been pessimistic, including a 1998 study from the University of Wales that found the unemployed in England and Wales were twice as likely to die from suicide as the employed. Research published this month in the journal Legal Medicine found that suicides in South Korea rise with unemployment, a finding replicated in many industrialized nations. Unemployment has also been correlated with lack of preventative medical care, low birth-weight babies and poor diet.
Perhaps the greatest danger of unemployment is that it tends to put people behind in the long run, said Johns Hopkins' Brenner.
"To the extent that people return to work after a period of lengthy unemployment, they tend to lose wages and benefits and long-term pensions and so forth," Brenner said. That loss causes a lag in socioeconomic status, which is the most powerful predictor of mortality across nations, he said.
Glass half-full perspective
If there's any silver lining to be found, Dooley said, it's that 42 percent of the underemployed told Gallup they were "thriving." That's 19 percentage points lower than the number of employed workers who were thriving, but it suggests that losing your job doesn't mean automatic psychological ruin, Dooley said.
Underemployment can give people time to reevaluate goals, get healthier and spend time with loved ones, he said, adding that the challenge for psychologists and policy-makers is to promote these positive adaptations.
"Unemployment can be a mixed bag. It can be a downright good thing if the job you're getting away from is extremely difficult and unpleasant," Dooley said. "It's not surprising that some people report that they're satisfied. They're finding useful and beneficial things to do with their increased time."
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Thursday, March 11, 2010

Mexico's Carlos Slim becomes 'world's richest' person

(photo via newglob)


MEXICO CITY — Mexico's Carlos Slim, the son of an immigrant shopkeeper who amassed a $53.5 billion fortune and bought a major stake in the New York Times, became the first person from a developing nation to be named the world's richest person.

Slim, a telecom magnate, edged out US billionaires Bill Gates and Warren Buffet to earn the top spot on Forbes' list of the world's richest people — the first time a non-American has topped the list since 1994. The jump in position comes following a year in which Slim's cell phone holdings rebounded in value.

Forbes' employee Keren Blankfeld said that never before has someone from the developing world earned the top spot.

Arturo Elias Ayub — an executive at Slim's Telmex telephone company and the billionaire's son-in-law — expressed satisfaction that a Mexican businessman is now at the top of the list.

"The reaction is one of satisfaction, that this confidence in Mexico exists, and this confidence in our group's companies," said Elias Ayub, who frequently acts as Slim's spokesman.

But he said the 70-year-old magnate is not breaking out the champagne.

"This is a number brought out by a magazine that doesn't concern us, or worry us," said Elias Ayub, echoing Slim's 2007 comment about the top spot that had eluded him for years: a Spanish phrase — "me es impermeable" — that roughly translates as "I'm impervious to that."

Slim is known for wearing inexpensive suits and rarely using the computers his companies sell, preferring old-style paper notebooks. A baseball fan, his indulgences are largely limited to cigars and diet soft drinks.

While he owns — either personally or through his foundations and museums — an impressive collection of art, including works by French sculptor Auguste Rodin, he works out of a set of somewhat dowdy, 1970s-style offices.

New data show weaker recovery in Japan




TOKYO (AFP) – Japan's economy is recovering more slowly than previously thought from its worst recession on record, hobbled by stubborn deflation and weak domestic demand, government data showed Thursday.
The world's number two economy expanded at a pace of 0.9 percent in October-December from the previous quarter, revised down from an initial estimate of 1.1 percent growth, the government said.
Gross domestic product (GDP) grew at an annualised pace of 3.8 percent in the fourth quarter, less than the 4.6 percent previously thought.
The downgrade was partly due to weaker-than-expected investment in factories and equipment by companies struggling to recover from a profit slump triggered by a brutal global downturn.
And a new figure for July-September showed a contraction of 0.1 percent, illustrating that Japan's nascent revival stalled in the third quarter.
"Looking back, the recovery was slower than earlier believed," said Hiroshi Watanabe, an economist at the Daiwa Institute of Research.
The economy would continue to recover "at a very slow pace", he said.
"The recovery probably won't stop but it will likely be even slower in January-March or April-June with public works projects cut, the stronger yen eroding export earnings and the global economy showing a slower recovery."
The latest gloomy data will add to government pressure on the Bank of Japan to boost growth-lifting efforts, analysts said.
Japan's economic output dived last year as exports and factory production collapsed in the global financial crisis.
The economy contracted 5.2 percent for the whole of 2009, even worse than an initial estimate of a 5.0 percent decline, the latest figures showed.

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