‘No more in the tank’: Jacinda Ardern to step down as NZ leader

9 days ago BusinessWorld Online

WELLINGTON — New Zealand (NZ) Prime Minister Jacinda Ardern on Thursday made a shock announcement she had “no more in the tank” to continue leading the country and would step down no later than early February and not seek reelection. I have not been able to do that,” Ms. Ardern, 42, told a news conference. Ms. Ardern said she was not stepping down because the job was hard, but because she believed others could do a better job. Many saw Ms. Ardern as part of wave of progressive female leaders, including Finnish Prime Minister Sanna Marin. She has demonstrated that empathy and insight are powerful leadership qualities,” Australian Prime Minister Anthony Albanese said on Thursday.
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Weather disruptions linger for US flights, led by Southwest Airlines

– Weather-related flight cancellations and delays that snarled US commercial air traffic over the holiday weekend dragged on through Monday, with Southwest Airlines accounting for the bulk of the lingering disruptions a day after Christmas. David Sharp said on Twitter his Southwest Airlines flight from Denver to St. Louis was canceled and the next flight was not available for another two days. Southwest Airlines said on Monday it was facing a large number of travel inquiries from customers and was doing its best to get its network back to normal. Voice actress Grey DeLisle tweeted to Southwest Airlines: “Flight 1824 from Nashville to Burbank was canceled due to Elliot and we haven’t received any rebooking! Help!”“My brothers Southwest Airlines flight out of Philly back to El Paso was canceled today and the best they could do was out of Baltimore on Tuesday morning!

1 month ago BusinessWorld Online

Spearheading the ‘Post-Pandemic Reset’ with The Penang Economic Summit 2022

The Penang Economic Summit (PES) 2022 was convened with over 300 C-suite-level executives and business leaders from 19 countries. Themed “The Post-Pandemic Reset,” the summit provided a regional platform for leading thought leaders and entrepreneurs to explore the driving forces of the global and regional economy while uncovering new avenues of growth for Penang and Asia. Organized by Enterprise Asia and Penang Institute, the Penang Economic Summit 2022 is a spin-off of the annual Asia Economic Forum which serves as an open platform for thought leaders and C-level executives to unite and shape regional initiatives to improve the well-being of communities. The Asia Economic Forum was first organized in Macau, China in 2012 and has since been brought to Singapore, Shanghai, Bangkok, and this year to Malaysia as the Penang Economic Summit 2022. 2022 has proven to be a year of strong recovery as impressive progress is made in rebuilding economies in the post-pandemic era.

3 months ago BusinessWorld Online

Appreciating life, family, and friends

Three, my non-biological siblings, the Millora family who took me in as part of their family too, especially Dr. Judea Millora who has become my personal doctor. And certain friends and supporters in the US and the UK — Jo Kwong, Cathy Windels, Grover Norquist, Lorenzo Montanari, Julian Morris, and Philip Stevens. Then the guys in the partly competitive power distribution sub-sector, especially the private utilities. I wrote to some friends in the provinces to get a photo of their electricity bills for the October 2022 billing. Thank you, friends and family.

3 months ago BusinessWorld Online

Manila to scrap mask mandate to lure more foreign travelers

People should still wear face masks in public transportation and medical facilities, Ms. Frasco said. Unvaccinated people, those with health complications and senior citizens are still “highly encouraged” to wear face masks, she added. Experts said the lack of proper ventilation in business establishments should not be underestimated. John Ryan R. Canlas, a 24-year-old researcher who loves traveling, said he would rather wear a mask especially indoors. Last week, he told reporters he would only name his Health secretary once the Philippines’ COVID-19 situation has returned to normal.

3 months ago BusinessWorld Online

Anwar Ibrahim becomes Malaysia prime minister

KUALA LUMPUR — Malaysia’s Anwar Ibrahim was sworn in as prime minister on Thursday, capping a three-decade political journey from a protege of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy and opposition leader. The 75-year-old Anwar has time and again been denied the premiership despite getting within striking distance over the years: he was deputy prime minister in the 1990s and the official prime minister-in-waiting in 2018. Barisan said on Thursday it would not support a government led by Mr. Muhyiddin, though it did not make any reference to Mr. Anwar. Mr. Muhyiddin, after Mr. Anwar’s appointment, asked Mr. Anwar to prove his majority in parliament. The decision on the prime minister came down to King Al-Sultan Abdullah, after both Mr. Anwar and Mr. Muhyiddin missed his Tuesday afternoon deadline to put together a ruling alliance.

2 months ago BusinessWorld Online

Ilocos Norte leads in poverty reduction: IT-BPM and tourism will lead the way

Fortunately for Ilocos Norte, one of these submarine cables, owned by Amazon and META, will be landing in Pagudpud, the famous beach resort in Ilocos Norte. Viewed from another angle, Ilocos Norte has a polycentric resource-based development framework. Ilocos Norte offers a diverse portfolio of gastronomy, nature-based and adventure, marine/coastal, cultural/heritage, and rural and farm tourism. It would be logical that efforts to attract foreign tourists to Ilocos Norte should focus on the Taiwanese, Chinese, South Korean, and Japanese travelers. In many ways, Ilocos Norte should be for these rich “tiger” economies what Spain is to the Northern European countries.

1 month ago BusinessWorld Online

Overlapping crises add urgency for IMF, World Bank resources, reforms

WASHINGTON — Global financial leaders are digging into a long to-do list after International Monetary Fund (IMF) and World Bank member countries sent them a clear message on what is needed to tackle overlapping crises: vast amounts of additional money. At Tuesday’s meeting she called for the World Bank and other MDBs to set “ambitious private capital mobilization targets” and to improve their reporting on these efforts. They also highlighted the inadequacy of the IMF’s and World Bank’s current structures — designed at the end of World War Two to focus on rebuilding peacetime economies — to deal with current global calamities. Opposition from Russia stalled new agreements from the G20 and the IMF and World Bank steering committees. It also asked Mr. Malpass to develop a plan for implementing the recommendations of an independent panel that reviewed the bank’s capital adequacy rules, in time for next spring’s IMF and World Bank meetings in April.

3 months ago BusinessWorld Online

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