Tanzani When the earthquake struck, the brick walls simply crumbled at the orphanage in Tanzania's far northwestern Kagera region.Clutching one of the youngest children, Saada Suleiman said she tried to run as Saturday's tremormade the ground heave beneath her feet."I felt something, as though someone was pushing me from behind, and suddenly the building was shaking," said Suleiman, who operates the Uyacho Orphanage Centre in Bukoba township.
MANILA -- Amid central Manila's construction boom, a redevelopment project by Ayala Land is especially eye-catching. The project includes a 69-story building and a condominium whose apartments go for an average 80 million pesos ($1.65 million). That is almost on a par with prices in Tokyo, yet the real estate developer said it received a flood of inquiries when the apartments went on sale in June. Investors are buying the company's shares in expectation of higher revenues. The share price rose about 14% from the start of the year to the end of September. The Ayala project highlights the rising income levels in the Philippines. Taking advantage of its large English-speaking population, the country has become one of the biggest providers of business process outsourcing services. Surging employment in this sector has created a consumption boom among the growing middle class. Robinsons Retail Holdings, which operates convenience store and supermarket chains, saw its sales rise 6...
Comments