Tag: WORLD ECONOMIC FORUM

Technological innovations boost industrial revolution in world: WEF experts

Technological innovations are boosting the transformation of the global economy and society, as the 46th World Economic Forum (WEF) annual meeting is being held under the theme “Mastering the 4th Industrial Revolution” in Davos, Switzerland. A robot named Hubo, which can replace people to conduct search and rescue work in disaster-stricken areas, caught much attention at the Davos forum. A report of the forum forecast that the rise of robots and artificial intelligence will overset […]

‘Middle-class Joe’ Biden tells Davos bosses to look after workers

U.S. Vice President Joe Biden criticised modern corporate “short-termism” on Wednesday (January 20) and urged chief executives gathered in Davos to look after their workers as well as their shareholders. Relishing his nickname of “middle-class Joe”, he told delegates at the World Economic Forum annual meeting that the middle classes, the backbone of economies and democracies, now faced unprecedented threats from technological change. “For I believe the underlying question for world leaders, civil society, academia, […]

World Economic Forum annual meeting opens in Davos

The opening ceremony of the annual meeting of the World Economic Forum (WEF) was held in the Swiss city of Davos on Tuesday. The theme of this year’s forum is “Mastering the Fourth Industrial Revolution.” Other topics on the agenda include sustainable development of the world economy, global warming and the environment, as well as the refugee crisis and anti-terror issues. “I hope you go home and you are, as myself and all my colleagues, […]

Fiscal reforms bolster PH competitiveness upgrade

MANILA, Oct. 6 — Budget Secretary Florencio ‘Butch’ Abad hailed the Aquino Administration’s governance and fiscal reform efforts as the Philippines leaps five notches in the global competitiveness ranking. The Philippines placed 47th out of 140 competitive economies in this year’s Global Competitiveness Index released by the World Economic Forum (WEF). “This is proof of the success of our fiscal and governance reforms,” Abad said. The Budget Secretary also said that along with the improvements in the country’s fiscal […]

Indonesia delays execution of death sentence

APRIL 24 – The execution of death sentence against Mary Jane Veloso and others was postponed by the Indonesian government in deference to the World Economic Forum and the Africa-Asia Summit, both of which are currently being held in Indonesia. (Jakarta, Indonesia) (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)

Purisima in Jakarta for the World Economic Forum on East Asia

FINANCE Secretary Cesar V. Purisima is in Jakarta to attend the World Economic Forum on East Asia. He joins other ASEAN leaders anticipating the launch of the ASEAN Economic Community by end-2015. Hosted by Indonesia and themed, “Anchoring Trust in East Asia’s New Regionalism,” the 24th World Economic Forum (WEF) on East Asia brings together economic leaders in unlocking the barriers to integration, competition, and interconnectivity. Purisima will be in the spotlight as he discusses […]

President Aquino renews optimism on Philippine growth potential

MANILA, Philippines — President Benigno S. Aquino III said his administration is committed to sustaining the momentum of continuous economic growth for the benefit of the people, especially the poor.In his address during the opening of the 23rd World Economic Forum on East Asia (WEF-EA) in Makati City on Thursday, the President said reform measures spearheaded by his government have begun to bear fruit, making the country more attractive to foreign investors.“It is evident that […]

Indonesian President arrives in Manila for state visit, World Economic Forum

MANILA, Philippines — Indonesian President Susilo Bambang Yudhoyono arrived in Manila on Thursday for a state visit and to attend the World Economic Forum on East Asia (WEF-EA). The Indonesian Presidential Aircraft (737-800) landed at the Villamor Airbase in Pasay City at about 12:50 p.m.He was welcomed by Foreign Affairs Secretary Albert del Rosario, Education Secretary Armin Luistro, Mindanao Development Authority Secretary Luwalhati Antonino, Metropolitan Manila Development Authority Chairman Francis Tolentino, Philippine Ambassador to Indonesia Ma. […]

Nigerian army posts two divisions to hunt for missing girls

(Reuters) – Nigeria’s Army has posted two divisions to hunt for 200 schoolgirls abducted last month by Islamist rebels in an attack condemned globally including by U.S. first lady Michelle Obama on Saturday. The soldiers are stationed in the border region close to Chad, Cameroon and Niger to work with other security agencies, said General Chris Olukolade, spokesman for the Defence Headquarters. The government of President Goodluck Jonathan has faced criticism for its slow response […]