MANILA // Twelve people were killed and many reported missing yesterday after Typhoon Mirinae dumped more misery on the Philippines just weeks after back-to-back storms left more than 900 people dead, millions homeless and caused damage in excess of US$1billion (Dh3.67bn).
Three deaths were reported in Laguna province near Manila and seven from the Bicol region, according to the National Disaster Co-ordinating Council. Two were reported killed in Muntinlupa City.
All of those who died drowned in flash floods. The council said about 115,000 people where affected by the typhoon.
Mirinae (the local name is Santi) hit central Luzon yesterday morning, uprooting trees and causing minor flooding in low-lying areas in and around Manila.
International and local airlines diverted flights from Manila and all ferry services were halted.
Large parts of Manila were without electricity for most of the morning after high winds brought down power lines. The power cut also forced part of the city's light rail transit system to be closed for most of the morning until power was restored.
Mirinae was the third tropical storm or typhoon to hit the Philippines in six weeks.
In late September, Tropical Storm Ketsana dumped 117mm of rain on Manila in just six hours. It was the highest amount of rain recorded in the metropolis of 12 million.
More than 80 per cent of the city and surrounding provinces were flooded and many parts of Manila will remain so for at least the next three to six months.
Blocked drains and canals, silt-filled streams and rivers and mountains of rubbish dumped into waterways over the years by squatters were all blamed for the flooding.
Mirinae hit south of Manila just after midnight with winds gusting up to 160kph. According to the weather bureau, up to 20mm of rain was dumped in an hour as the typhoon made its way across central Luzon.
The coastguard grounded 45 ferries in key ports, stranding thousands of people returning to the provinces for All Saints' Day, when relatives of the dead gather at grave sites for picnics in this largely Roman Catholic country.
Many Manila residents concerned about a possible repeat of the flooding brought by Ketsana made their way to evacuation centres during the night.
Disaster relief authorities said there was some flooding in Laguna province, south-east of Manila, and in the capital itself but nothing on the scale of late September, which saw the worst flooding in more than 40 years.
The president, Gloria Macapagal Arroyo, ordered disaster management teams to carry out immediate relief and rehabilitation work in areas affected by Mirinae.
Mrs Arroyo toured some of the worst-affected areas around Metro Manila yesterday morning to inspect the damage caused by the typhoon.
According to the weather bureau, by midafternoon, Mirinae's winds had weakened to 105kph near the centre, with gusts of up to 135kph, and was moving out to the South China Sea.
The storm is forecast to move farther away from the country and is expected to be 650km west south-west of Manila by this afternoon.
The US Navy Joint Typhoon Warning Center and the Japan Meteorological Agency forecast the typhoon will hit Vietnam by tomorrow morning.
@Email:foreign.desk@thenational.ae
The biog
Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EShaffra%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2023%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDIFC%20Innovation%20Hub%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Emetaverse-as-a-Service%20(MaaS)%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3Ecurrently%20closing%20%241.5%20million%20seed%20round%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-seed%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%20Abu%20Dhabi%20and%20different%20PCs%20and%20angel%20investors%20from%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3Enine%3C%2Fp%3E%0A
Her most famous song
Aghadan Alqak (Would I Ever Find You Again)?
Would I ever find you again
You, the heaven of my love, my yearning and madness;
You, the kiss to my soul, my cheer and
sadness?
Would your lights ever break the night of my eyes again?
Would I ever find you again?
This world is volume and you're the notion,
This world is night and you're the lifetime,
This world is eyes and you're the vision,
This world is sky and you're the moon time,
Have mercy on the heart that belongs to you.
Lyrics: Al Hadi Adam; Composer: Mohammed Abdel Wahab
23-man shortlist for next six Hall of Fame inductees
Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.
Fight card
- Aliu Bamidele Lasisi (Nigeria) beat Artid Vamrungauea (Thailand) POINTS
- Julaidah Abdulfatah (Saudi Arabia) beat Martin Kabrhel (Czech Rep) POINTS
- Kem Ljungquist (Denmark) beat Mourad Omar (Egypt) TKO
- Michael Lawal (UK) beat Tamas Kozma (Hungary) KO
- Zuhayr Al Qahtani (Saudi Arabia) beat Mohammed Mahmoud (UK) POINTS
- Darren Surtees (UK) beat Kane Baker (UK) KO
- Chris Eubank Jr (UK) beat JJ McDonagh (Ireland) TKO
- Callum Smith (UK) beat George Groves (UK) KO
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
SPECS
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Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Chelsea 2 Burnley 3
Chelsea Morata (69'), Luiz (88')
Burnley Vokes (24', 43'), Ward (39')
Red cards Cahill, Fabregas (Chelsea)