$101 Million ADB, New Zealand Program to Support Cook Islands’ Economic Recovery

MANILA, PHILIPPINES — The Asian Development Bank (ADB) will provide an $80 million loan and the Government of New Zealand a $21 million grant to help the Cook Islands’ economy transition from recovery to sustainable, private sector-led growth.

Through the Supporting Sustainable Recovery Program, the funding will help the Government of the Cook Islands progress ongoing reforms to improve public financial management and foster private sector activity. The program also provides a precautionary financing option that will allow the government to access critical funds for public sector operations, services to vulnerable households, and private sector recovery if economic and fiscal conditions deteriorate.

The Cook Islands’ nascent economic recovery could unwind if further impacts from the pandemic delay the revival of its tourism industry,” said ADB Public Sector Economist and program team leader James Webb. “Reforms supported under this program will address both immediate recovery needs as well as longer-term development constraints by improving budget and revenue management and encouraging the private sector to grow and diversify. The precautionary financing option also allows the government to guard against a slower than expected recovery, and better manage its use of debt financing.”

As part of the program, new fiscal, cash management, and tax compliance strategies, along with a new audit reporting legislation, will help improve fiscal stability and management.

To drive private sector growth, the government has established a multi-agency task force to facilitate quarantine-free travel; introduced more flexible processes for migrant workers to undertake new or secondary jobs; prepared a new, rules-based immigration bill that eliminates discretionary decision-making; established an online business registry and a competition regulator; and removed monopoly protection in the telecommunication sector.

These reforms will help better manage the country’s fiscal and cash position, improve tax compliance, reopen the economy, ease labor shortages, improve business registration, and promote competition.

The program builds on the $21.49 million COVID-19 response funding and assistance ADB has provided to the Cook Islands in 2020, as well as a range of technical assistance provided to the Ministry of Finance and Economic Management.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

 

 

Source: Asian Development Bank

SPEECH BY MR ONG YE KUNG, MINISTER FOR HEALTH, SINGAPORE CHINESE PHYSICIANS’ ASSOCIATION 75TH ANNIVERSARY CELEBRATION & OPENING CEREMONY OF 2021 SINGAPORE INTERNATIONAL CHINESE MEDICINE SUMMIT SYMPOSIUM, 12 DECEMBER 2021

English translation of Minister’s speech

 

Professor Teo Eng Kiat, President of Singapore Chinese Physicians Association (SCPA)

 

 

 

Board of Directors of SCPA

 

 

 

Members of SCPA

 

 

 

Ladies and Gentlemen

 

 

 

  1. Congratulations to the Singapore Chinese Physicians Association (SCPA) on its 75th anniversary.

 

 

 

SCPA’s Milestones

 

 

 

  1. The story of SCPA dates back to 1946, after World War II. At that time, a group of Chinese physicians in Singapore gathered to discuss the setup of an organisation to unify the Traditional Chinese Medicine (TCM) community and improve the practice of TCM. While the objectives were simple, they had far-reaching implications for local development of TCM in the following decades.

 

 

 

  1. Over the past 75 years, SCPA has crossed significant milestones. In 1952 and 1953 respectively, SCPA established the Singapore Chung Hwa Medical Institution and Singapore College of TCM. In the 1960s and 70s, SCPA went on to set up what is now known as the Chung Hwa Medical and Drugs Research Institute and the Chung Hwa Acupuncture Research Institute. These institutions are now familiar household names, playing significant social and healthcare roles.

 

 

 

  1. 75 years on, SCPA remains the largest TCM association in Singapore.

 

 

 

TCM’s Role in Managing Chronic Illnesses

 

 

 

  1. While we face our biggest enemy COVID-19 today, the rise in incidence of chronic diseases will always be a constant healthcare challenge.

 

 

 

  1. When it comes to chronic diseases, all doctors, regardless whether you are a Chinese, Indian or Western doctor, know that prevention is better than cure. This means leading a healthy lifestyle, having a good diet, and staying happy and optimistic.

 

 

 

  1. This is not a new concept. More than 2,000 years ago, the “Emperor’s Canon of Internal Medicine” had already started to recommend the need for a balanced diet and work-life balance to maintain good health. With Yin and Yang balanced, it keeps illnesses at bay.

 

 

 

  1. Today, that is Ministry of Health’s (MOH) core policy. We have progressively strengthened healthcare resources in the primary and community care settings, and placed greater emphasis in promoting healthy living. The Health Promotion Board (HPB) is dedicated to do this. And I think, there is potential for TCM to play in the management of chronic conditions in our society.

 

 

 

  1. MOH will therefore continue to support the TCM sector, including for it to play a larger role in our healthcare sector. One initiative is the $8 million TCM Research Grant in 2014, which aims to promote research collaborations between western doctors and TCM Practitioners. To date, 19 projects have been awarded. Such collaborations would allow western doctors to understand more about TCM, and TCM practitioners conduct more clinical research.

 

 

 

  1. MOH has also stepped up support for the professional development of the TCM sector, including through the $5 million TCM Development Grant launched in 2018. It supported over 50 TCM clinics in upgrading their clinics and IT facilities, eleven TCM conferences and forums, and TCM Continuing Professional Education course fees for many students.

 

 

 

  1. This month, we also appointed two workgroups, with representatives from the major TCM organisations, to explore how to further enhance clinical training for newly registered TCMPs, and a career and remuneration guideline for TCM practitioners.

 

 

 

International Recognition of TCM

 

 

 

  1. We need to recognise that TCM is a complete set of medical knowledge and practice, with a history of several thousand years, and an important part of Chinese cultural heritage.

 

 

 

  1. I am glad to see its rising international recognition. Every few decades, the World Health Organization’s governing body, the World Health Assembly, will publish the organisation’s global compendium, known as the International Statistical Classification of Diseases and Related Health Problems, or ICD.

 

 

 

  1. The ICD is a very significant global document. It categorises thousands of diseases, and affects how physicians make diagnoses, insurance companies determine coverage, epidemiologists ground their research and health officials interpret mortality statistics.

 

 

 

  1. The 11th revision of the ICD will come into effect on 1 Jan 2022. For the first time, the ICD will feature a classification system on traditional medicine, and will make TCM an integral part of global healthcare.

 

 

 

  1. Locally, SCPA can continue to promote TCM and its role in our national healthcare strategy. With the practice of Western medicine focusing more on preventive care, and Chinese medicine focusing more on education and research, I look forward to the two worlds gravitating closer towards each other, to provide better care for our people.

 

 

 

Conclusion

 

 

 

  1. Finally, I would like to thank all TCM associations and practitioners for your continued support and cooperation in the fight against COVID-19 over the past two years. As trusted healthcare providers to your patients, you have been able to persuade and encourage your patients, especially the elderly, to receive the COVID-19 vaccinations and booster. Every vaccination could be a life saved.

 

 

 

  1. We are now facing the unknown Omicron. We don’t know if Omicron will turn out to be a bigger enemy or savior, but Omicron is likely to spread globally, including Singapore, in the next few months, and establish itself in every society. I hope to continue to count on the support of the TCM community to overcome what challenges that may come our way.

 

 

 

  1. I wish you a fruitful Symposium.

 

 

Source: Ministry of Health, Singapore

DOLE, PRetA to monitor foreign retirees in PH

The government is strengthening its monitoring of the economic activities of foreign nationals, including retirees, as the country continues to allow the entry of foreign labor even in the face of the pandemic.

The Department of Labor and Employment (DOLE) and the Philippine Retirement Authority (PRetA) last week signed a memorandum of agreement allowing the free exchange of foreign national data between the two agencies at the DOLE Central Office.

“This data-sharing agreement will facilitate the exchange of information between DOLE and PRetA for better coordination, rendering of services, and monitoring of foreign nationals within our purview,” Labor Secretary Silvestre Bello III said, highlighting the shared goal of the two agencies of monitoring the economic activities of foreign nationals in the country.

Under the agreement, PRetA can now verify the employment information of their Special Resident Retiree’s Visa (SRRV) holders or those foreign nationals who chose to retire in the Philippines, through DOLE’s Alien Employment Permit (AEP) database.

The labor department issues AEP to authorize a foreign national to work in the Philippines.

“The pressing challenges of the pandemic impel us to forge solidarity and cooperation in promoting and monitoring the employment activities of foreign nationals in our country,” PRetA General Manager and Chief Executive Officer Bienvenido K. Chy added.

According to the MOA, the exchange of employment information/data will be done quarterly via electronic mail or other forms of data transmission agreed upon by both parties.

Also present during the signing event are DOLE Undersecretary Renato Ebarle, Assistant Secretary Dominique Tutay, and PRetA Management Services Department Manager Atty. Antonio V. Rivera.

 

 

Source: Department Of Labor and Employment Republic of Philippines

DOLE halts labor inspection in Dec

To enable the labor department to dispose of all pending labor standards cases and prepare the inspection program for 2022, Labor Secretary Silvestre Bello III has suspended all labor inspection activities this month.

In Administrative Order No. 269, Series of 2021, Bello directed all DOLE regional directors to temporarily cease all labor inspection activities in their respective regions starting December 1.

“However, exempted from the suspension of inspection are Occupational Safety and Health (OSH) COVID-19 Monitoring under Joint Memorandum Circular No. 20-04A of the Department of Labor and Employment (DOLE) and Department of Trade and Industry (DTI); complaint inspections; OSH standards investigations; technical safety inspections, such as inspection of boilers, pressure vessels, and mechanical and electrical wiring installation; and inspection of any establishment or industry as I have directed as DOLE Secretary,” said Bello.

Such activities shall be conducted in strict observance of the minimum public health standards, the Labor Secretary added.

During the period of suspension, DOLE regional directors shall ensure that all results of inspection activities are uploaded in the Management Information System (MIS) before the end of December.

In preparation for the resumption of inspection activities in 2022, all DOLE Regional Directors are also directed to submit the list of Labor Inspectors recommended for inclusion in the 2022 General Authority and Foreign National Labor Inspectors recommended for issuance of the 2022 Travel Order.

“Consistent with the minimum qualification standards, the labor inspector recommended for General Authority must be holding at least a permanent Labor and Employment Officer III plantilla position and must have attended and passed the 10-day basic training course for Labor Inspectors,” said Bello.

The labor inspector must also have a ‘very satisfactory’ performance rating for the last two rating periods and must have no pending administrative or criminal case, the labor chief added.

Personnel who have passed the Basic Training Course and have been previously issued with General Authority but were not included in the 2021 list may also be recommended for the 2022 inspection.

The conduct of routine inspections shall resume upon issuance of the 2022 General Authority for Labor Inspectors.

As of October 31, a total of 56,332 establishments were inspected by the DOLE labor inspectors.

The initial compliance rate is at 84.18 percent on general labor standards, 57.93 percent on OSHS, and 95.81 percent on minimum wage.

After the inspected establishments have implemented the necessary corrections, the compliance rate is at 90.47 percent on general labor standards and 67.01 percent on OSHS.

Among the notable violations on general labor standards pertain to record-keeping, Pag-IBIG coverage, and remittances to Pag-IBIG, PhilHealth, and SSS.

Meanwhile, common violations on OSH include the absence of the first aider, safety officer/s, fire safety inspection certificate, registration of establishment, and annual medical report.

 

 

Source: Department Of Labor and Employment Republic of Philippines

Detik Istimewa Bersama Ayah (Special Moment With Dad)

Mr Sharael Taha, Member of Parliament for Pasir Ris-Punggol GRC

Mr Albert Lim, Board Member of Centre for Fathering

Ladies and gentlemen

Fathers and daughters

 

Good afternoon. I am happy to join you today at this meaningful father-daughter event – Detik Istimewa Bersama Ayah (Special Moment With Dad).

 

A key event of the Muslim Fathering Month (Bulan Kebapaan), Detik Istimewa Bersama Ayah is an initiative by Centre for Fathering (CFF) and Bapa Sepanjang Hayat to encourage active fathering among Muslim fathers. I would like to commend CFF’s efforts to provide such a platform for fathers to connect with their daughters. The initiative kicked off in early September this year with a series of online and physical activities that will take place between September and December.

 

‘Detik Istimewa Bersama Ayah’ symbolically celebrates a daughter’s coming of age and highlights the irreplaceable role of a father in preparing her for young adulthood. Fathers play an important role in imparting values that will anchor her through the various phases of life.

 

This event is specially designed for fathers and their daughters aged 12 to 20 years, to connect through interactive activities, meaningful conversations and a shared commitment to each other. It is a time for you to express your love and affirmation for each other. The memories created today will certainly be a significant and treasured milestone in your father-daughter relationship.

 

Fathers, you have an important role to play in your daughter’s life. Research has shown how important father-daughter relationships are. Young women who have a positive relationship with their fathers achieve more academically, have higher self-esteem and make better relationship choices. Studies suggest that loving, encouraging fathers who respond calmly when their children misbehave raise girls who have a more positive outlook.

 

Fathers, you are your daughter’s guidepost for what to expect of men and their attitudes towards women, whether it is in platonic, familial or romantic relationships. Your relationship with your wife serves as an example for what her relationship with a man could be when she grows up.

 

Fathers have a responsibility to raise your daughters to be confident and assured that they are valued for who they are. It is also a father’s responsibility to overcome stereotypes through education starting from young, by raising your sons to honour and respect women. This can be done through leading by example, and fostering respectful relationships with your wives.

 

A father’s responsibility is a heavy but fulfilling one. Hence, to support fathers in your journey, the CFF was established in 2000 to address fatherlessness in Singapore. It empowers more fathers to become better role models and an enduring inspiration to their children.

 

Through the Muslim Fathering Month, fathering workshops and father-child bonding activities, the CFF and Bapa Sepanjang Hayat reach out to around 300,000 Muslim fathers and family members each year.

 

On Mother’s Day in 2019, DADs for Life (DFL) partnered with some mother volunteers to launch MUMs for Life (MFL) to “celebrate a mum’s identity as daughter, woman, wife and mother.” MFL complemented the work of DFL.  When mothers live out their unique identities in their diverse roles and fathers are actively involved in the family, children are nurtured holistically and the family unit is strengthened.

 

Families for Life partners CFF in rallying and celebrating fathers who are actively involved in caregiving and parenting. While higher emphasis should be placed on the importance of shared parenting as joint spousal responsibility, we also need to recognise fathers who continue to challenge stereotypes and support the women in their lives. In line with the feedback received from the year-long nationwide Conversations of Singapore Women’s Development that concluded in September 2021, debunking stereotypes and shifting mindsets relating to a woman’s role in the family require a whole-of-society effort and partnership between men and women.

 

Parenting needs to be a partnership that builds and supports a strong foundation for the child, and it involves both parents supporting each other’s decisions and working as a team to raise their child. Providing the necessary structures and support for parents to be confident in their parenting journeys is also important.

 

This is why earlier in August this year, the Ministry of Social and Family Development (MSF) launched the Alliance for Action (AfA) to Strengthen Marriages and Family Relationships. One of the focal areas of the AfA looks at Parenting Together, which seeks to examine key trends and challenges faced in parent-child relationships, identify existing gaps and areas for enhancement in support for parents with children across all ages, and re-orientate public views about parenting that prioritise the social and emotional well-being of children.

 

The young ladies in this room are growing up in a world that their grandmothers could not have imagined when they themselves were children. Women’s standing in Singapore has improved significantly over the years. Fathers play a critical role in helping us continue on this journey of a fairer, more inclusive society, where our daughters can thrive in a better age.

 

I would like to wish all the fathers and daughters here a fruitful event. Thank you.

 

 

Source: President’s Office of Singapore

BSP Urges Trust Industry to Incorporate ESG Standards

​The Bangko Sentral ng Pilipinas (BSP) encourages trust entities to actively consider environmental, social, and governance (ESG) standards in their management of risks and allocation of capital.

 

During a summit hosted by the Trust Officers Association of the Philippines, BSP Governor Benjamin E. Diokno underscored the importance of differentiated investment strategies for funds classified as sustainable.

 

“At the minimum, there must be sufficient evaluation of the issuers’ sustainability-related commitments and the sustainable impact of their products,” said the Governor.

 

The BSP is advocating the wider adoption of sustainable finance, which incorporates ESG standards to assess the value, performance, and long-term growth of an asset.

 

Trust entities are BSP-supervised financial institutions that perform trust functions or investment management services. The combined assets under management of the trust industry rose 18.4% to P4.8 trillion in June, representing nearly a quarter (24.3%) of the banking system’s total assets.

 

 

Source: Bangko Sentral ng Pilipinas (BSP)