Economy

Philippines: Need for higher investments to sustain growth and create more jobs

Contacts
In Manila: Leonora Aquino-Gonzales (632) 917-3003, lgonzales@worldbank.org
Anissa Tria (632) 917-3013, atria2@worldbank.org
In Washington: Mohamad Al-Arief (202) 458-5964, malarief@worldbank.org

MANILA, April 5, 2007 ? A decade after the financial crisis which devastated East Asia in mid-1997, the region is much wealthier, has fewer poor people and a larger global role than ever before, says the World Bank?s latest East Asia & Pacific Update?a six-monthly report on the region?s economic and social health. But with this success, comes a new wave of challenges for countries trying to maintain high growth in a sustainable way, thus avoiding the ?middle income trap.?

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Diagnosing Mindanao


Most Affected. Poor families in the rural areas, such as this father and his two children, are most affected by the lack of resources for health. (davaotoday.com photo)

Mothers feeding their infants with condensed milk. A flea from a buffalo is considered a cure for toothache. The sick crossing rivers and climbing mountains to get to a nearest hospital. Most pregnant women not being able to see a midwife, let alone a doctor. These are the stories from poor communities that a health group gathered in its attempt to diagnose the state of people’s health in Mindanao.

By Cheryll D. Fiel
davaotoday.com

DAVAO CITY ? The conventional wisdom is that, poverty being so widespread in the Philippines, the state of health of poor Filipinos leaves much to be desired. In Mindanao, where most of the country?s poorest provinces are located, the problem is particularly more acute.

A recent survey conducted by the nongovernment health group Community Based Health Services Association (CBHSA) affirmed many of the sad realities of the Philippine health care system, particularly in Mindanao. Many of the afflictions Mindanaoans suffer were preventable, the study found out, but these diseases became chronic and incurable because of the widespread poverty and lack of health services.

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Holy Cross of Davao Opens 250 Slots for Maritime Education Program

PRESS RELEASE
A RARE OFFER OF EMPLOYMENT
April 5, 2007
By: Ms. Cheryl Vilog, Public Relations Officer

HCDC opens 250 slots for Maritime Education, offer employment

The Holy Cross of Davao College, Inc. (HCDC) Dean of the Maritime Education Program (MEP) Capt. Fernando Moriel said that the administration is up to sign a Memorandum of Agreement (MOA) with the Magsaysay Institute of Shipping, Inc (MIS)/ Fairmont Shipping and Mitsui O.S.K. Lines.

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Greenpeace Hits DA for Flip-Flop on GMO Corn

The environment group Greenpeace today lambasted the Department of Agriculture for allegedly flip-flopping on an earlier order revoking the authorization for the use of a genetically modified corn called MON863, which the group has found to be toxic. Mindanao is the country’s largest corn producer where many of these GMOs have been cultivated.

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