Saturday, May 23, 2020

Apr 09 20, 5:51 pm

UAE announces May 24 as first day of Eid Al Fitr

(WAM) -- Sunday, the 24th of May, will be the first day of Shawwal 1441 H, marking the beginning of Eid al-Fitr, announced the Moon-sighting Committee in a statement issued after its meeting tonight at the Abu Dhabi Judicial Department. Sultan bin Saeed Al Badi Al...

Observatory experts say Shawwal crescent moon might not show today

Saudi Arabia astronomers have confirmed that the Shawwal crescent moon will not show on May 22 (Ramadan 29), Saudi Gazette reported. Experts at the observatory of Majmaah University in Saudi said that the moon will set before the sun today and will not be...

COVID-19 could put half a billion people into poverty – Kenyan report

by | News

Apr. 09, 20 | 5:51 pm

The coronavirus disease (COVID-19) could plunge about half a billion people into poverty, according to the data released by Nairobi-based charity Oxfam.

According to the report by Reuters, Oxfam said this was based on the calculations they have done regarding the effect of the disease on global poverty due to decreasing household incomes

Oxfam’s data showed that the impact of the disease in the economy is becoming deeper than the 2008 global financial crisis, and it could throw many countries back to poverty levels after climbing out of it for three decades. It added that “global poverty could increase for the first time since 1990.”

READ ALSO: COVID-19 outbreak could cost PH economy Php93B

The report added that under serious scenario, such as a 20 percent income reduction, the number of people under extreme poverty line would increase to 922 million worldwide. It also showed that women will be more at risk than men because they will be pushed to work in the informal economy with limited employment rights.

In addition, the World Bank announced that people living in poverty in East Asia and the Pacific region could rise to 11 million.

Oxfam, however, said such scenario can be eased as it proposed an action plan aimed to deliver bailouts to people and businesses in need, call for cancellation of debt, and request more aid from IMF and governments around the world.

READ ALSO: Abu Dhabi eases life for Filipinos, residents via 15-point economic stimulus package in the fight against COVID-19

As per Reuters’ report, Oxfam said “taxing wealth, extraordinary profits, and speculative financial products would help raise the funds needed.”

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UAE announces May 24 as first day of Eid Al Fitr

UAE announces May 24 as first day of Eid Al Fitr

(WAM) -- Sunday, the 24th of May, will be the first day of Shawwal 1441 H, marking the beginning of Eid al-Fitr, announced the Moon-sighting Committee in a statement issued after its meeting tonight at the Abu Dhabi Judicial Department. Sultan bin Saeed Al Badi Al...

Observatory experts say Shawwal crescent moon might not show today

Observatory experts say Shawwal crescent moon might not show today

Saudi Arabia astronomers have confirmed that the Shawwal crescent moon will not show on May 22 (Ramadan 29), Saudi Gazette reported. Experts at the observatory of Majmaah University in Saudi said that the moon will set before the sun today and will not be...

Pakistan plane crashes with 107 on board

Pakistan plane crashes with 107 on board

An aircraft from Pakistan International Airlines (PIA) carrying 99 passengers and eight crew members crashed at a residential area in Karachi on Friday, May 22. Pakistan immediately mobilized paramilitary troops and civil administration authorities to aid and rescue...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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