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News 02 27 2023
News 02 27 2023
Sinimulan na ng DPWH-Bicol ang flood control project sa tabi ng Managanaga River sa bayan ng
Bulan, Sorsogon.
Sa pahayag ni DPWH 5 RD Virgilio Eduarte, sinabi niyang ililihis ng proyektong ito ang daloy ng
tubig mula sa residential at commercial establishmentnets patungong Sabang Beach. Kaya
naman, maiiwasan nito ang mga pinsala sa buhay, ari-arian, at mga tanawin na nagbibigay ng
daan para sa mga lokal at dayuhang turista.
Bukod sa pagprotekta sa mga iyon, pinipigilan din ng flood control structure ang pagkalugi ng
pananim sa pamamagitan ng pagprotekta sa mga lupaing agrikultural na nagbubunga ng palay,
copra, at abaca fiber mula sa masasamang epekto ng pagbaha. Ito ay tiyak na makakatulong din
sa lumalagong ekonomiya ng munisipyo, tuloy ni Eduarte.
Question:
Reference: https://brigadanews.ph/mahigit-140m-na-flood-control-project-sa-bayan-ng-bulan-
sinimulan-na-ng-dpwh/
International News:
China's appetite for energy is roaring back as its economy recovers from a downturn caused by its
zero-COVID policy. Many pundits are worried that a surge in China's imports of crude oil and
other energy resources could push those prices higher, fueling inflation worldwide.
According to the International Energy Agency, global oil demand is expected to reach 101.9
million barrels per day in 2023, with China accounting for nearly half the projected international
increase.
Many are worried that China’s hunger for energy would cause a global oil shortage. Supply is also
unlikely to increase anytime soon, as OPEC Plus is expected to maintain significant output cuts.
Last year, China was mostly absent from the spot market due to a weak economy. However, the
country has been shifting to long-term LNG contracts, which has aided its economy. According to
the International Monetary Fund, the Chinese economy will grow by 5.2% in 2023. "If China
increases its growth rate by 2%, that could lift an international commodity price index by about
4%," says senior economist Jun Inoue.
Question:
Source: https://asia.nikkei.com/Spotlight/Datawatch/Renewed-China-energy-demand-
threatens-to-fuel-global-inflation