November 2012

  • Typhoon Ketsana (Ondoy) dropped 455mm of rain in Metro Manila in a span of 24 hours on 26 September 2009. A month’s worth of rainfall in a single day washed away homes and flooded large areas, killing hundreds and stranding thousands in the city and nearby provinces.

    Natural disasters and how much they affect the economy

    By Vinod Thomas on Thursday, 29 November 2012

    “We’ve never seen anything like this” is the refrain increasingly heard in every corner of the world in the wake of natural disasters. Indeed, intense natural disasters have increased nearly fourfold over the past four decades, with floods and storms representing 70% of the increase. Asia and the Pacific has been the worst hit region. Yet, the response to hazards of nature has been mostly to react when they strike. The upshot I see is this: unless prevention takes center stage, disasters will likely unravel progress.

  • Myanmar Awakens

    By Cyn-Young Park on Thursday, 29 November 2012

    Myanmar emerges from decades of isolation. Following a general election in 2010— which installed a civilian government albeit with still considerable military influence—Myanmar has undertaken significant political, economic and policy reforms.