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BBM seeks more investments in disaster risk reduction

October 16, 2024

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The Philippine Star

President Marcos yesterday called on countries in the Asia-Pacific region to increase investments and funding in disaster risk reduction measures in the face of more destructive disasters brought by climate change.

- Helen Flores, Pia Lee-Brago

BBM seeks more investments in disaster risk reduction

In his speech during the opening ceremony of the 2024 Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR) in Pasay City, Marcos emphasized that facing calamities and disasters is a common struggle across the region.

"Across the Asia-Pacific region, nations like ours grapple with similar trials. We share a common struggle: navigating the balance between continued economic growth and dealing with the ever-present threat of disasters," he said.

"Resilience and sustainability must underpin the national agenda of our economy. This recognizes that all our efforts in economic planning are fragile in the face of calamities and disasters," he added.

The Sendai Framework for Disaster Risk Reduction 2015-2030 gave the international community profound guidance in their disaster risk reduction efforts, according to the President.

The Sendai Framework was adopted on March 18, 2015 by United Nations member-states. Its goal is to prevent new and reduce existing disaster risks.

"Our path now is to redouble and to synergize our efforts to accelerate its implementation," Marcos said.

المزيد من القصص من The Philippine Star

The Philippine Star

The Philippine Star

Business confidence stays positive in Jan

Philippine businesses remain optimistic about the economy on the back of higher consumer demand and enhancements in business processes, according to the Bangko Sentral ng Pilipinas.

time to read

2 mins

February 28, 2026

The Philippine Star

Prosecutor: Time for Rody to take responsibility

The International Criminal Court (ICC) wrapped up the confirmation of charges hearing against former president Rodrigo Duterte on Friday night (Manila time), with the parties making their final arguments as to whether the case should proceed to trial.

time to read

4 mins

February 28, 2026

The Philippine Star

BSP eyes tighter e-money rules to protect consumers

The Bangko Sentral ng Pilipinas (BSP) is proposing amendments to its electronic money regulations that will tighten liquidity safeguards, strengthen trust arrangements and introduce recovery planning requirements for non-bank electronic money issuers (EMIs).

time to read

2 mins

February 28, 2026

The Philippine Star

Phl, Japan, US hold drills off Batanes

The Philippines, Japan and the United States again sailed and patrolled the waters and skies of the West Philippine Sea (WPS) this week, where combined military forces held drills including live-fire exercises aimed at further boosting cooperation and interoperability among the three allied nations.

time to read

2 mins

February 28, 2026

The Philippine Star

The Philippine Star

S. Korean president visiting Phl

President Marcos will meet with South Korean President Lee Jae Myung in Manila next week, where they are expected to tackle deeper cooperation in key areas, including defense, maritime and economy.

time to read

1 mins

February 28, 2026

The Philippine Star

House bill proposes ban on ‘cong-tractors'

Any congressman engaged in contracting infrastructure projects in any government agency may be barred from holding office, according to a bill of the National Unity Party (NUP) at the House of Representatives.

time to read

2 mins

February 28, 2026

The Philippine Star

The Philippine Star

Oil firms extend price hike in March

Following consecutive increases over the past two months, another round of upward pump adjustments is expected in the first week of March.

time to read

1 mins

February 28, 2026

The Philippine Star

Energy, mining titans spotted at DOE coal auction

The Department of Energy (DOE) officially opened the country's coal auction yesterday.

time to read

2 mins

February 28, 2026

The Philippine Star

Trade deficit hits $4.05 B in Jan, widest in 3 months

The country incurred a $4.05-billion trade deficit in January, the highest level in three months, according to the Philippine Statistics Authority.

time to read

2 mins

February 28, 2026

The Philippine Star

The Philippine Star

GADGETS AND THE RULES OF CIVILITY

Life as we know it has changed since we transitioned to the digital age.

time to read

5 mins

February 28, 2026

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