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Archive for October, 2006

Typhoon ‘Paeng’ cuts flower prices by half

Posted by Michille on 31st October 2006


By Vincent Cabreza, Delmar Cariño
Inquirer
Last updated 04:17am (Mla time) 10/31/2006

Published on Page A13 of the October 31, 2006 issue of the Philippine Daily Inquirer

BAGUIO CITY—It’s not all bad news about “Paeng.”

Prices of flowers here went down by 50 percent on Monday because traders feared that supertyphoon “Paeng” would drive away customers preparing for All Saints’ Day.

Anthuriums, Malaysian mums, gladiolas and roses, grown by Benguet farmers, are always in great demand in Metro Manila during “Undas” (Feast of the Dead).

Josephine Cachero said many of the more than 100 flower vendors at Burnham Park here decided to just dispose of their supplies on Sunday night when reports said the supertyphoon would strike the summer capital.

Also, competition provided by farmers selling their products at half the price, as well as the unlighted park over the weekend, convinced the traders that this was a bad week for business, Cachero said.

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Bird flu mutates to remain a serious pandemic risk

Posted by Michille on 31st October 2006

HONG KONG (AFP) – Experts have renewed their warnings of a bird flu pandemic after a new resistant strain of the H5N1 virus deadly to humans and poultry was found to have spread throughout the region.

Scientists in Hong Kong and the United States believe the new virus — dubbed the “Fujian-like” strain — may have mutated in response to vaccination programs designed to halt the disease in farm flocks.

“The development of highly pathogenic avian H5N1 influenza viruses in poultry in Eurasia, accompanied with the increase in human infections in 2006, suggests the virus has not been effectively contained and that the pandemic threat persists,” said a report in the American academic publication “Proceedings of the National Academy of Sciences”.

“Studies suggest that H5N1 seroconversion (development of antibodies in blood serum as a result of infection or immunization) in market poultry is low and that vaccination may have facilitated the selection of the Fujian-like sublineage,” it added.

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Phivolcs downgrades alert level on Mayon Volcano; quakes jolt Masbate

Posted by Michille on 31st October 2006

by RC Embile w/ EA Delgado

LEGAZPI CITY (31 October) — The Philippine Institute of Volcanology and Seismology (Phivolcs) further downgraded to Alert Level One the restiveness of Mt. Mayon after at least three weeks of simmering down of eruptive activities.

But Phivolcs warned the public that the 6-kilometer permanent danger zone (PDZ) remains off limits to all human activities especially within the southeast sector where volcanic flows, falling and rolling debris might be produced from possible sudden explosion.

Latest 24-hour observation by Phivolcs recorded one high frequency volcanic earthquake compared with the two recorded a week earlier.

Steam activity at the crater summit was recorded at moderate level and intensity 2-crater glow, which was visible to the naked eye in the evening.

Over in Masbate, an earthquake measured at the magnitude of 5 followed by some four minor aftershocks occurring within minutes of each other, rocked the island province Thursday morning, October 26.

Based on data provided the United States Geological Survey (USGS), the epicenter of the earthquake was some 36 kilometers east of the main island of Masbate, some 400 kilometers southeast of Manila. It said that the quake was moderate.

Reports coming from the Phivolcs in Masbate said their seismic network registered the first tremor at 7:40 in the morning at intensity 3 followed by one at intensity 2; a third one at 8:40 a.m., intensity 2; 8:41 am at intensity 5; 8:43 am at intensity 3 and; 8:45 a.m., intensity 2.

The Masbate Provincial Disaster Coordinating Council said there had been no reported injuries, or damage to property. (PIA Masbate)

PIA!

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Peso posts lowest value in September 2006 in Biliran

Posted by Michille on 31st October 2006

By Rodrigo S. Victoria

Naval, Biliran (31 October) — In the latest data of the Industry and Trade Statistics Department of the National Statistics Office (NSO) in Manila, the value of peso posted the record lowest purchasing power in the month of September 2006 in the province of Biliran with a value of only 0.74.

NSO defined purchasing power of peso as a measure of the real value of the peso in a given period relative to a chosen reference period.It is also an important economic indicator derived from the consumer price index and can be computed by getting the reciprocal of the consumer price index and multiplying the result by 100.

The NSO data on the purchasing power of peso in the province of Biliran was part of the major statistical data presented to the representatives of local and national government agencies during yesterday’s forum sponsored by NSO-Biliran headed by Rose Marie V. Lumbre, Provincial Statistics Officer.

Major topics presented include the 2005 Family Planning Survey Results for Region 8 by Sheryl Ann A. Jamisola, Statistician I of NSO 8, 2000 Census-Based Population Projections by Mae R. Almonte, Regional Statistician, NSO 8, Biliran Consumer Price Indeces, Inflation Rates and Purchasing Power of Peso by Rose Marie V. Lumbre and the 2005 Vital Statistics Report by Renavil V. Cuerva, Provincial Statistician of NSO-Biliran.

Based on the report presented by Lumbre, the purchasing power of peso in Biliran province recorded an all-time low within a period of six years and nine months.

The report showed that the purchasing power of peso in the province of Biliran in September 2000 was recorded at 0.99, 0.91 in September 2001, 0.90 in September 2002, 0.88 in September 2003, 0.85 in September 2004, 0.78 in September 2005 and 0.74 in September 2006.

According to Lumbre, the changes in the purchasing power of peso is affected by the average prices of goods and services commonly purchased by households at a given period of time, thus, the higher the prices of goods and services the bigger its effects to the value of peso.

Lumbre said that the purchasing power of peso must be made known to local chief executives and development planners in the local government units and concern national government agencies and other private sectors involved in the development efforts so that this would serve as their basis in crafting development plans and policies geared towards achieving the full economic development of the people in the community. (PIA-Biliran)

PIA!

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Caloocan fire leaves 300 families homeless

Posted by Michille on 31st October 2006

Fire gutted a residential area in Monumento, Caloocan Tuesday noon, leaving some 300 families homeless.

Witnesses said the blaze ould have started from a pumping station near Natividad Street and spread to nearby houses in Barangay 81. It was put out around 1:30 p.m. after reaching the fifth alarm.

There were no reported casualties in the incident.

Barangay chairman Letty Maturan said officials have yet to decide where to relocate the affected families.

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Food complex to help realize ’super region’

Posted by Michille on 31st October 2006

THE establishment of the Davao Food Exchange Complex will further accelerate the growth of Mindanao’s economy as one super region, the Department of Trade and Industry (DTI) in Davao Region said.

The project, which has an initial estimated cost of P0.5 billion, is designed to complement with the National Government’s thrust of developing and promoting agri-based industries with high growth potentials and where competitive advantage can be fully explored.

Moreover, it was identified in the Super Regions economic development strategy of the National Government as one of the infrastructures that would make Mindanao realize its full potential through the setting up of an efficient food logistics system linking it to Luzon and Visayas.

Trade assistant secretary Merly M. Cruz said the region, being an agricultural and resource-based economy, will benefit a lot from the project.

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