Connect with us
CGIF-10th-Year-Anniversary

Economics

Floods and storms remain main threats in Asia

An early view of disaster trends in 2012 across Asia, the world’s most disaster-prone region, shows that mortality from flood events continues to decline but economic losses remain a major cause of concern

Avatar

Published

on

An early view of disaster trends in 2012 across Asia, the world’s most disaster-prone region, shows that mortality from flood events continues to decline but economic losses remain a major cause of concern. In 2012 so far, floods were the most frequent disaster occurring in Asia (44%) and had the highest human and economic impact.

They accounted for 54% of the death toll in Asia, 78% of people affected and 56% of all economic damages in the region. Pakistan suffered large-scale loss of life from floods for the third successive year as 480 people died in floods between August and October. Floods in China (June-July) affected over 17 million people and caused the highest economic losses (US $4.8 billion).

Flood risk must be addressed in a more systematic manner and integrated in all urban and development management plans Photo credit

Globally, these three regions accounted for 57 per cent of the total deaths, 74 per cent of the affected people and 34 per cent of the total economic damages caused by disasters in the first ten months of 2012. Worldwide, 231 disasters caused 5,469 deaths, affected a total of 87 million others, and caused US$ 44.6 billion economic damages.

“Fortunately this year, the regions did not suffer from any major disaster, such as an earthquake. Asian disaster figures are low compared to other years and this is good news,”

said Dr. Debby Sapir, Director of CRED. “The 2012 figures show that floods and storms affected most people and caused most economic damages in the regions. Data also suggest that some high risk countries in the region have made significant progress in controlling disaster impacts. This means that preparedness and prevention measures can be effective,” she said. Jerry Velasquez, Head of the UNISDR Asia Pacific, said:

“The relative reduction in the number of disasters so far this year in the region is not a cause for complacency. We must still contend with the fact that risk is growing faster than wealth is being created. Exposure is on the rise and flooding represents a serious challenge to Asian cities as we have seen earlier this year in Beijing and Manila where these two cities were partly flooded in a couple of hours. ”

Flood risk must be addressed in a more systematic manner and integrated in all urban and development management plans if we want to ensure sustainable economic growth and better protect people and their assets as extreme weather events will be more frequent and severe in the future.”

Mr. Velasquez added: “The number of people killed by weather-related disasters continues to decrease in Asia and this confirms the trend that was already observed by the 2011 Global Assessment Report on Disaster Risk Reduction and the last Asian Pacific Disaster Report, but economic losses are going up and we should be worried about it.”

“Unless prevention–including climate action–takes center stage, disasters will likely block development,” said Vinod Thomas, Director General of Independent Evaluation at the Asian Development Bank (ADB) who was also a speaker at the press conference. “Yet for too long we have thought of natural calamities as just periodic interruptions to development but this is not the case anymore, we need to invest more in preventive actions before disasters strike,” he said. ADB’s Response to Natural Disasters and Disaster Risks which was recently released also signaled the increase of floods and storms in the region and the need for more action. —

*Preliminary data covering the time period January to October 2012

**Eastern Asia: China P Rep, Hong Kong (China), Japan, Korea Dem P Rep, Korea Rep, Macau, Mongolia, Taiwan (China). South-Eastern Asia: Brunei Darussalam, Cambodia, Indonesia, Lao P Dem Rep, Malaysia, Myanmar, Philippines, Singapore, Thailand, Timor-Leste, Viet Nam. Southern Asia: Afghanistan, Bangladesh, Bhutan, India, Iran Islam Rep, Maldives, Nepal, Pakistan, Sri Lanka. Read More

Comments

Economics

96% of Foreign Investors still confident in Thailand says BOI

The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

(more…)
Continue Reading

Economics

Thailand Tops Bloomberg’s Emerging Markets List

Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Boris Sullivan

Published

on

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.

(more…)
Continue Reading

Economics

COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries

Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report.

Boris Sullivan

Published

on

Drops in working hours due to the Covid-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report by the International Labour Organization (ILO).

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,413 other subscribers

Trending