Tag: Philippines

Permanent Court of Arbitration rejects China’s claim on South China Sea

Newsroom24x7 Staff The Hague: Judges at  the Permanent Court of Arbitration in The Hague on Tuesday gave a ruling in favour of Philippines and rejecting China’s claims to economic rights across large part of the South China Sea. The Arbitration Court ruling  referring to a demarcation line on a 1947 map of the sea rich

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Gunmen abduct tourists in Philippines

Newsroom24x7 Desk Philippines : Two Canadians, a Norwegian and a local woman were kidnapped from a tourist resort in the southern Philippines late evening on Monday while they were vacationing at Holiday Oceanview resort on Samal Island, near Davao City on Mindanao. The gunmen took them hostage and fled by water route as they had

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50 countries do not meet fiscal transparency requirements: US Report

Newsroom24x7 Flash The US department of State has concluded that, of the 140 governments that were potential beneficiaries of foreign assistance and were evaluated 50 did not meet the minimum requirements of fiscal transparency. Of these, eleven governments made significant progress toward meeting the minimum requirements of fiscal transparency. On January 14, US Secretary of

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Review of natural catastrophes in 2014: Lower losses from weather extremes and earthquakes

The absence of very severe catastrophes and a quiet hurricane season in the North Atlantic meant that losses from natural catastrophes in 2014 were much lower. At US$ 7bn, the most expensive event in terms of overall loss was Cyclone Hudhud in India. Around 7,700 people lost their lives in natural catastrophes. “Though tragic in

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