Tagbilaran City Roads Damaged by Earthquake
Some roads in Tagbilaran City were damaged by the October 15, 2013 earthquake that was measured at 7.2 magnitude.
Commercial Buildings Suffer Damage from 7.2 Earthquake in Bohol
Several commercial buildings around Tagbilaran City suffered some damage after the 7.2 earthquake in Bohol.
Island City Mall Sustains Some Damage Due to Earthquake
Island City Mall sustained damage in some parts of the mall building. Visible from the street in front of National Bookstore are parts of the wall that got damaged.
Earthquake damages two major bridges linking Tagbilaran to coastal towns
Traveling around Bohol will be very inconvenient for Boholanos as two major bridges cut off access to coastal towns from Tagbilaran City. The Abatan Bridge in Maribojoc is totally unusable as sections of the bridge fell off to the Abatan river.
The bridge in Loay, Bohol is also damaged and is not passable by vehicles.
Maribojoc sustained a lot of building damage including the St. Vincent Ferrer parish which is in ruins. There was also a landslide in one of the hills in Maribojoc.
This view from Cortes town showns the damaged Abatan Bridge and the landslide area on one of the hills in Maribojoc.
7.2 Magnitude Earthquake Hits Bohol
At apprkoximately 8:05am Tuesday, October 15, 2013, a 7.2 magnitude earthquake hit the province of Bohol causing major damage on various buildings including its old churches and the city hall of Tagbilaran.
Electricity, water, communications and Internet service is disrupted.
Purisima is Emerging Markets Finance Minister of the Year
SECRETARY of Finance Cesar Purisima has once again been recognized as Finance Minister of the Year for Asia for 2013 by Emerging Markets. This marks the second time Purisima has been named as such, as he was the recipient of the same honors in 2011.
In 2012, Purisima was recognized by Euromoney as the Finance Minister of the Year for 2012, making this year the third straight year that Purisima has received Finance Minister of the Year honors.
In accepting the award, Purisima stressed that President Benigno S. Aquino III deserved all credit for the honors, emphasizing that the economic gains which caused him to be considered were the product of the President’s path of good governance.
“I must make it clear that this award is not mine. The award recognizes things that were only made possible by President Aquino’s commitment to good governance, as well as his honesty, leadership, and astute use of political capital,” Purisima said.
Purisima also thanked his colleagues in the cabinet and fellow members of the cabinet’s Economic Development Cluster as partners in a “collaborative effort” in restoring economic strength to the Philippines. The DOF chief also mentioned that in the future, the economic policy of the Philippines will involve doing “more of what has been done right, on a larger scale.”
“This means to continue to pursue reform in agencies, such as our Bureau of Customs, where corruption has built strongholds. This also means investing further in our people and especially our infrastructure, the roads, power plants, ports, airports and more that form an equalizing backbone for our economy,” Purisima said.
The DOF head noted that the economic effort from the Philippines would not let up, and that he, the President, and the cabinet would not pull themselves out of contention just yet.
“I am confident we will give you cause to consider the Philippines for this award in the future,” Purisima assured. (DOF)
