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Financial markets in the Philippines and the broader Asia-Pacific region stand to benefit from downward interest rates in the United States, although risks from a "benign" US economy may temper gains, according to a World Bank economist."So far, the decline in interest rates in advanced economies seems to be helping the region," Ergys Islamaj, senior economist at the World Bank's East Asia and Pacific chief economist office, said in a webinar ho…

Manila Bulletin

Lower US interest rates to benefit Philippines, Asia-Pacific—World Bank economist

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United Nations Assistant Secretary-General Kamal Kishore is asking governments in the Asia-Pacific region to invest more to prevent and mitigate damage from increasingly intense storms, reported The Associated Press. In a speech given to kick off the 2024 Asia-Pacific Ministerial Conference on Disaster Risk Reduction in the Philippines, Kishore — head of the UN’s Office for Disaster Risk Reduction — issued a warning. “Disasters are now affecting…

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UN Urges Asia-Pacific Governments to Invest More in Disaster Mitigation and Prevention

United Nations Assistant Secretary-General Kamal Kishore is asking governments in the Asia-Pacific region to invest more to prevent and mitigate damage from increasingly intense storms, reported The Associated Press. In a speech given to kick off the 2024 Asia-Pacific Ministerial Conference on Disaster Risk Reduction in the Philippines, Kishore - head of the UN's Office for Disaster Risk Reduction - issued a warning. "Disasters are now affecting…

Lower US interest rates to benefit Philippines, Asia-Pacific—World Bank economist

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