Strengthening Philippines Peso to Attract More Investments: TU

MANILA — Team Unity senatorial bets are bullish that the steady rise of the peso, which has just hit a new six-year high of P47.455 per $1, will spell greater social payback for the masa and enable the government to save more from servicing its debts and thereby have more funds for its infrastructure and socio-economic projects.

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Philippines: TU Wants Strict Penalty for Water Polluters

Team Unity senatorial candidates will support the passage of new legislation imposing stricter penalties on polluters of water sources.

Senatorial candidates Edgardo Angara, Michael Defensor, Cesar Montano, Tessie Aquino-Oreta, Luis “Chavit” Singson, and Vicente “Tito” Sotto III said there is a need to pass laws that would deter the pollution of the diminishing water sources in the Philippines.

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Asia: Groups Alarmed Over Weakened ADB Safeguards, Demand Greater Accountability

The Asian Development Bank will soon release a “consultation draft” on revising its policies that are supposed to protect the environment, the rights of Indigenous Peoples, and those who are resettled against their will as a result of Bank Projects. “This Safeguard Policy Update (SPU) could offer the ADB a critical opportunity to enhance its environment, resettlement and Indigenous Peoples policies in accordance with good international standards, to incorporate lessons from past failures and to put in place and fund dramatically improved safeguard systems for protecting the very people the ADB claims to help through its projects,” said Michael Simon Program Manager of Oxfam Australia.

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Asia: Stronger Regional Cooperation Can Promote Inclusive Growth, Says ADB President

STRONGER REGIONAL cooperation and integration in Asia and the Pacific can help to spread the benefits of development and promote inclusive growth in the region, ADB President Haruhiko Kuroda told a seminar at the 40th Annual Meeting yesterday.

In his opening remarks at the seminar, ?Emerging Asian Regionalism: Ten Years After the Crisis,? Mr. Kuroda said regionalism can help achieve the long-term vision of a poverty-free Asia, which is still home to two thirds of the world?s poor.
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