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Monday, July 2, 2012

World’s biggest Crocodile in captivity crowned by Guinness in the Philippines

A huge crocodile known as Lolong has brought pride, fear, tourism revenue and attention to the remote southern Philippines town where it was captured. And now it has claimed a world record, too.

Guinness World Records declared the giant, blamed for deadly attacks before it was captured last September, is the largest saltwater crocodile in captivity in the world.

The news sparked celebrations in Bunawan, a farming town of 37,000 in Agusan del Sur province, but Mayor Edwin Cox Elorde said it also fostered concerns that more giant crocodiles might lurk in a marshland and creek where villagers fish.

'There were mixed feelings,' Elorde said by telephone. 'We're really proud because it proves the rich biodiversity of our place but at the same time, there are fears that Lolong may not be alone.'

Lolong has become the star attraction of a new ecotourism park and research center in the outskirts of Bunawan and has drawn thousands of tourists since news of its capture spread. Elorde said his town has earned 3 million pesos ($72,000) from the modest entrance fees at the park, with most of the money being used to feed and care for the crocodile and maintain the park.

Lolong measures 20.24 feet (6.17 meters) and weighs more than a ton, Guinness spokeswoman Anne-Lise Rouse said in a statement seen Sunday. The reptile took the top spot from an Australian crocodile that measured more than 17 feet (5 meters) and weighed nearly a ton.

Environment and Natural Resources Secretary Ramon Paje welcomed the Guinness announcement and the growing attention for the crocodile, saying it would help people realize the biodiversity of their surroundings and the need to protect it. He said he would recommend that the government help Bunawan become an ecotourism destination.

The crocodile was captured with steel cable traps during a three-week hunt after a child was killed in 2009 and a fisherman went missing. Water buffalos have also been attacked by crocodiles in the area.

About 100 people led by Elorde pulled the crocodile from a creek using a rope and then hoisted it by crane onto a truck. It was named after a government environmental officer who died from a heart attack after traveling to Bunawan to help capture the beast, Elorde said.

Elorde said he saw a bigger crocodile escape when Lolong was captured and villagers remain wary of fishing there at night. He said he has formed a team of hunters and is seeking government permission to hunt that crocodile.

Welinda Asis Elorde, media affairs coordinator for the town of Bunawan, which has custody of the new record-holder, said on Monday the local government had received an official certification from Guinness.

"He's doing well. I think he has already adapted to his new environment," Elorde told AFP.

At first, Lolong was fed the equivalent of 10 percent of his body weight in beef, pork and poultry every month, but an expert put him on a diet of eight to 10 kilograms a week to get him to be more active, she added.

The expert also recommended that the meat be given with skin and feathers attached, to help digestion.

"I was there (at the crocodile park where Lolong is kept)  and he remains a big tourist attraction. Hundreds of people visit him in a day," Elorde added.

The Guinness record was previously held by Cassius, a 5.48-metre Australian saltwater crocodile weighing close to a ton.

Cassius has been kept at a crocodile park at an island off Queensland since his capture in the Northern Territory in 1984.

Sunday, July 1, 2012

Philippines set to be new Tiger Economy - Book Breakout Nations: In Pursuit of the Next Economic Miracles

A new book tracking the progress of developing countries sees the Philippines joining an elite group of "tiger economies" in the world as a result of reforms and strong leadership of President Benigno Aquino III.

The book "Breakout Nations: In Pursuit of the Next Economic Miracles," written by Ruchir Sharma, assessed the Philippines as one of the strongest emerging economies in the future where enhanced economic activities are to take place.

"Now at long last, the Philippines looks poised to resume a period of strong growth.

The new President, Benigno 'Noynoy' Aquino III, probably has enough support, and looks likely to generate just enough reform momentum, to get the job done. The Aquino name is still virtually synonymous with the promise of change," Sharma wrote.

Sharma, one of the world's largest investors in emerging markets for Morgan Stanley, said Filipinos saw Aquino as an honest figure who could deliver on the Aquino mandate for change and that the public was desperate after nine years of drift and decay under former President Gloria Macapagal-Arroyo.

Aquino won the presidency at a time when it seemed that the whole country was in disrepair, he said, adding the President is delegating power to competent technocrats and seems to understand what needs to be done to get the country move forward.

In a recent Wall Street Journal report, the publication sees the Philippines having clear signs of being seen as one of the most resilient economies in a troubled global economy particularly as a result of the European crisis.

In a supplement entitled "Asia's Euro Risk: How Asia Will Fare if Europe Cracks?," the Wall Street Journal said only four economies were projected to have the strength to weather a European economic and financial crisis, namely Australia, China, Indonesia and the Philippines.

While other countries bear the brunt of the European fall out, these countries have deep government pockets that provide a buffer to economic shocks, the publication said.

"The Philippines is better prepared than in the past to withstand a downturn with a stronger government balance sheet and a robust domestic economy. Foreign reserves are high enough to fight capital flight," according to WSJ's brief assessment of the Philippines.

Singapore, Malaysia, Thailand and Vietnam are among the Southeast Asian countries affected by a euro meltdown because of their high dependencies on European trade and greater exposure to European banks, WSJ said.

The Philippines had the second highest per capita income in Asia during the 1960s, next only to Japan. In the 1970s, South Korea and Taiwan overtook the Philippines in terms of per capita income. Other Asian neighbors like Malaysia, Thailand, China and Indonesia followed during the succeeding decades.

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