Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. 24/7 Space News .




WATER WORLD
Asia-Pacific facing water crisis: ADB
by Staff Writers
Manila (AFP) March 13, 2013


Munich Re says 'optimistic' for 2013
Frankfurt (AFP) March 12, 2013 - Munich Re, the world's biggest reinsurer, said Tuesday it expects business and earnings to be stable this year after bottom-line profit increased by more than fourfold in 2012.

"Even though the consolidation of state finances and high unemployment will result in slower economic momentum in many industrialised countries, we remain optimistic for our business," said chief executive Nikolaus von Bomhard.

"For 2013, we are aiming for a result of close to 3.0 billion euros ($3.9 billion)," he said.

And assuming exchange rates remain stable, Munich Re "anticipates that for the financial year 2013 its gross premiums written will range between 50-52 billion euros," von Bomhard added.

As already reported last month, Munich Re's net profit soared to 3.211 billion euros in 2012 from 711 million euros a year earlier.

Operating profit also more than quadrupled, hitting 5.35 billion euros compared with 1.18 billion euros in 2011 and gross premium income was up 5.1 percent at 52.0 billion euros.

The main factor behind the sharp rise in profit were lower losses from natural catastrophes, which amounted to 1.3 billion euros last year, with Hurricane Sandy being the year's biggest loss event costing the group around 800 million euros before tax.

The year before, natural catastrophe losses had been as much as 4.5 billion euros in the wake of the earthquake and tsunami in Japan, earthquakes in New Zealand and floods in Thailand.

For 2012, Munich Re is to pay an increased dividend of 7.00 euros per share compared with 6.25 euros per share a year earlier.

Nearly two thirds of people in the Asia-Pacific region have no clean, piped water at home despite the region's strong economic growth, according to a major report released on Wednesday.

Water security is a major concern for most countries in the region, but the problem is poor management and a lack of investment in infrastructure rather than short supplies, said the report released by the Asian Development Bank.

"What is lacking in Asia is good water governance," Ranesh Vaidya, a water specialist from Nepal who helped prepare the report, told journalists at its launch at the ADB headquarters in Manila.

"There is a definite link between good governance and good water."

Studies for the Asian Water Development Outlook report, prepared by the ADB and other research institutes, found that 37 out of 49 countries in the region had low levels of water security.

The percentage of Asia's population with access to proper toilets had risen from 36 percent in 1990 to 58 percent in 2010, according to the report.

But that left 1.74 billion people without regular access to proper toilets, with nearly half of those still suffering "the indignity of practicing open defecation".

It said most of those people were in South Asia.

In contrast, Southeast Asia and East Asia were described as "bright spots", where access to proper toilets had expanded to at least 64 percent of their populations, the report said.

The report said 900 million people across the Asia-Pacific had gained access to clean, piped water from 1990 to 2010, describing this as an important achievement.

However 65 percent of people across the Asia Pacific still lived without secure household water supplies.

The situation was particularly dire in Pacific and South Asian nations where only 21 and 23 percent of their populations respectively had access to piped water.

"While the Asia-Pacific region has become an economic powerhouse, it is alarming that no developing country in the region can be considered water secure," ADB vice president for sustainable development Bindu Lohani said.

"Countries must urgently improve water governance through inspired leadership and creative policy making."

The report said $59 billion needed to be spent across the region to get water supplies up to standard, and another $71 billion to improve sanitation.

.


Related Links
Water News - Science, Technology and Politics






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





WATER WORLD
Aging sewers impacting urban watersheds
Pittsburgh PA (SPX) Mar 13, 2013
Aging sewer systems are spilling a considerable amount of nitrogen into urban watersheds, diminishing both the quality of water and ecosystems' habitats. However, many studies documenting the impacts of nitrogen on urban environs have not properly estimated the contribution of leaky sewer systems-until now. Using water samples from the Pittsburgh-based Nine Mile Run watershed, a Pitt resea ... read more


WATER WORLD
Lunar impacts created seas of molten rock

China to use modified rocket for moon landing mission

Water On The Moon: It's Been There All Along

Building a lunar base with 3D printing

WATER WORLD
Maryland explores adaptations strategies for survival on Mars

NASA rover finds conditions once suited to life on Mars

Curiosity Rover's Recovery Moving Forward

NASA Rover Finds Conditions Once Suited for Ancient Life on Mars

WATER WORLD
Technology to detect Alzheimer's takes SXSW prize

Basketball legend Shaq talks tech at SXSW

UK and Kazakhstan agree collaboration in space

Wyle To Provide NASA Ongoing Support For Human Space Flight

WATER WORLD
China's fourth space launch center to be in use in two years

China to launch new manned spacecraft

Woman expected again to join next China crew roster

China's space station will be energy-efficient

WATER WORLD
'Goody Bag' Filled With Sample Processing Supplies Arrives on Station

ESA's Columbus Biolab Facility

SpaceX set for third mission to space station

Record Number of Students Control ISS Camera

WATER WORLD
Grasshopper Successfully Completes 80M Hover Slam

Musk: 'I'd like to die on Mars'

Ariane 5 vehicle for next ATV resupply mission in Kourou

Vega launcher integration continues for its April mission

WATER WORLD
Astronomers Conduct First Remote Reconnaissance of Another Solar System

The Birth of a Giant Planet?

Scientists spot birth of giant planet

NASA's Kepler Mission Discovers Tiny Planet System

WATER WORLD
Aspirin may lower melanoma risk

NIST quantum refrigerator offers extreme cooling and convenience

Researchers Solve Riddle of What Has Been Holding Two Unlikely Materials Together

Star-shaped waves spotted in shaken fluid




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement