Latest news with #Acevedo
GMA Network
01-07-2025
- Business
- GMA Network
Reggie Cariaso is new RCBC President and CEO
Rizal Commercial Banking Corp. (RCBC) on Tuesday announced a key leadership change with Reginaldo 'Reggie' Cariaso stepping up as its new president and chief executive officer (CEO), succeeding Eugene Acevedo who retired effective July 1. Acevedo was appointed deputy CEO on January 1, 2025, where he headed the Operations Group and led corporate-wide initiatives aimed at boosting service delivery and streamlining processes. His predecessor Acevedo also served as deputy CEO for six months in 2019 to his predecessor Gil Buenaventura. 'Our focus is clear. We will build more seamless connections to deliver relevant, timely, and intuitive financial solutions,' Cariaso said in an emailed statement. 'We want to serve our customers in ways that are not only accessible and secure, but meaningful and future-ready,' he added. Cariaso also cited the need to upgrade RCBC's approach to move beyond basic transactions to a more scalable strategy through digital tools, data, and smarter systems to deepen client engagement. 'Our job is to integrate channels, data, and teams more effectively in order to deliver not just better products, but better outcomes,' he said. 'From payments to platforms to partnerships, everything must work together to create lasting value,' he added. Acevedo, who took charge as president and CEO in 2019, is set to remain actively involved in RCBC as a member of the Board of Directors RCBC was the sixth-largest bank in the Philippines as of March 2025, with a total of P1.509 trillion worth of assets. —VAL, GMA Integrated News
Korea Herald
19-06-2025
- Climate
- Korea Herald
Erick strengthens into a Category 3 major hurricane
ACAPULCO, Mexico (AP) — Hurricane Erick powered up into a Category 3 major hurricane Wednesday evening as it bore down on the southern Mexico coast, threatening to unleash destructive winds, flash floods and a dangerous storm surge on the region in coming hours, forecasters said. Swiftly strengthening from a Category 1 hurricane hours earlier, Erick had maximum sustained winds of 200 kilometers per hour by nightfall as it churned offshore about 55 miles (85 kilometers) southwest of Puerto Angel, the Miami-based US National Hurricane Center said. Erick was also about 200 km southeast of Punta Maldonado and moving northwest at 15 kph toward an expected landfall sometime Thursday morning, according to the center's latest advisory. A major hurricane is defined as Category 3 or higher with wind speeds of at least 180 kph. Forecasters said further strengthening is expected and devastating wind damage is possible near where the eye crashes ashore. The projected path would take its center near the resort of Acapulco, which was devastated in October 2023 by Hurricane Otis, a Category 5 hurricane that rapidly intensified and caught many unprepared. At least 52 people died in Otis and 32 were missing, after the storm severely damaged almost all of the resort's hotels. In Acapulco on Wednesday, there was a strong presence of National Guard and police in the streets, but most visible were trucks from the national power company. Crews worked to clear drainage canals and brush. Some beaches were already closed, but tourists continued to sunbathe on others hours earlier as the storm gained strength well offshore. On a beach in Acapulco, a line of people waited for the help of a backhoe to pull their boats out of the water. Adrian Acevedo Durantes, 52, hauls tourists around Acapulco's picturesque coastline in boats. Two of his boats sank in Hurricane Otis and a third was badly damaged. 'We're taking precautions because with Otis we never expected one of that magnitude to come and now with climate change the water is warmer and the hurricanes are more powerful,' Acevedo said. This time the port administration ordered that no one ride out the storm aboard their boats. During Otis, many lost their lives by staying on boats in the harbor, which had traditionally been how they ensured their safety during previous storms. He said he knew some of those lost at sea. He acknowledged that it was sunny and the water calm Wednesday afternoon, making it hard to imagine a major storm was on the way, but said 'with Otis it was calm all day, sunny, then at midnight there were two hours of strong winds and we saw what had happened the next day.' Francisco Casarubio, a 46-year-old choreographer, carried a carton of eggs as he did some last-minute shopping ahead of the storm. He planned to pick up rice, beans and some canned food as well. His home flooded and lost power in Otis and he said he was taking Erick more seriously, but hadn't had time to shop until Wednesday. Forecasters said Erick was expected to lash Mexico's Pacific coast with heavy rain, strong winds and a fierce storm surge. Rains of up to 40 centimeters could fall across the Mexican states of Oaxaca and Guerrero, with lesser totals in Chiapas, Michoacan, Colima and Jalisco states, the center's advisory said. The rainfall threatened flooding and mudslides, especially in areas with steep terrain. A hurricane warning was in effect from Acapulco to Puerto Angel. A hurricane warning means hurricane conditions are expected in the area, and preparations to protect life and property should be rushed to completion, according to the hurricane center advisory. Down the coast in Puerto Escondido near the southern edge of Erick's possible path, some fishermen began pulling their boats out of the water under a drizzling sky Wednesday. Even though the wind had yet to pick up at the Zicatela beach, red flags were up to warn people to stay out of the water. But some surfers ignored them as they continued to ride waves. Laura Velazquez, Mexico's national civil defense coordinator, said Erick was forecast to bring 'torrential' rains to Guerrero, Oaxaca and Chiapas in southern Mexico. The mountainous region along the coast is especially prone to mudslides with numerous rivers at risk of flooding. Guerrero Gov. Evelyn Salgado said all schools were closed Wednesday and the state had alerted all of the fishing and tourism operators to make their boats storm-ready. Acapulco's port closed Tuesday evening. Salgado said 582 shelters were set to receive people who might evacuate their homes. President Claudia Sheinbaum warned in her daily briefing that those in the hurricane's path should heed government instructions and wait out the storm in their homes or designated shelters.
Yahoo
19-06-2025
- Climate
- Yahoo
Erick strengthens into a Category 3 major hurricane approaching Mexico's coast
ACAPULCO, Mexico (AP) — Hurricane Erick powered up into a Category 3 major hurricane Wednesday evening as it bore down on the southern Mexico coast, threatening to unleash destructive winds, flash floods and a dangerous storm surge on the region in coming hours, forecasters said. Swiftly strengthening from a Category 1 hurricane hours earlier, Erick had maximum sustained winds of 125 mph (200 kph) by nightfall as it churned offshore about 55 miles (85 kilometers) southwest of Puerto Angel, the Miami-based U.S. National Hurricane Center said. Erick was also about 125 miles (200 kilometers) southeast of Punta Maldonado and moving northwest at 9 mph (15 kph) toward an expected landfall sometime Thursday morning, according to the center's latest advisory. A major hurricane is defined as Category 3 or higher and wind speeds of at least 111 mph (180 kph). Forecasters said further strengthening is expected and devastating wind damage is possible near where the eye crashes ashore. Acapulco warily eyes the approaching hurricane The projected path would take its center near the resort of Acapulco, which was devastated in October 2023 by Hurricane Otis, a Category 5 hurricane that rapidly intensified and caught many unprepared. At least 52 people died in Otis and 32 were missing, after the storm severely damaged almost all of the resort's hotels. In Acapulco on Wednesday, there was a strong presence of National Guard and police in the streets, but most visible were trucks from the national power company. Crews worked to clear drainage canals and brush. Some beaches were already closed, but tourists continued to sunbathe on others hours earlier as the storm gained strength well offshore. On a beach in Acapulco, a line of people waited for the help of a backhoe to pull their boats out of the water. Adrián Acevedo Durantes, 52, hauls tourists around Acapulco's picturesque coastline in boats. Two of his boats sank in Hurricane Otis and a third was badly damaged. 'We're taking precautions because with Otis we never expected one of that magnitude to come and now with climate change the water is warmer and the hurricanes are more powerful,' Acevedo said. This time the port administration ordered that no one ride out the storm aboard their boats. During Otis many lost their lives by staying on boats in the harbor, which had traditionally been how they ensured their safety during previous storms. He said knew some of those lost at sea. He acknowledged that it was sunny and the water calm Wednesday afternoon, making it hard to imagine a major storm was on the way, but said 'with Otis it was calm all day, sunny, then at midnight there were two hours of strong winds and we saw what had happened the next day.' Some rush to finish storm preparations Francisco Casarubio, a 46-year-old choreographer, carried a carton of eggs as he did some last-minute shopping ahead of the storm. He planned to pick up rice, beans and some canned food as well. His home flooded and lost power in Otis and said he was taking Erick more seriously, but hadn't had time to shop until Wednesday. Forecasters said Erick was expected to lash Mexico's Pacific coast with heavy rain, strong winds and a fierce storm surge. Rains of up to 16 inches (40 centimeters) could fall across the Mexican states of Oaxaca and Guerrero, with lesser totals in Chiapas, Michoacan, Colima and Jalisco states, the center's advisory said. The rainfall threatened flooding and mudslides, especially in areas with steep terrain. A hurricane warning was in effect from Acapulco to Puerto Ángel. A hurricane warning means hurricane conditions are expected in the area, and preparations to protect life and property should be rushed to completion, according to the hurricane center advisory. Down the coast in Puerto Escondido near the southern edge of Erick's possible path, some fishermen began pulling their boats out of the water under a drizzling sky Wednesday. Surfers ignore red flag warnings to ride the waves Even though the wind had yet to pick up at the Zicatela beach, red flags were up to warn people to stay out of the water. But some surfers ignored them as they continued to ride waves. Laura Velázquez, Mexico's national civil defense coordinator, said Erick was forecast to bring 'torrential' rains to Guerrero, Oaxaca and Chiapas in southern Mexico. The mountainous region along the coast is especially prone to mudslides with numerous rivers at risk of flooding. Guerrero Gov. Evelyn Salgado said all schools were closed Wednesday and the state had alerted all of the fishing and tourism operators to make their boats storm-ready. Acapulco's port closed Tuesday evening. Salgado said 582 shelters were set to receive people who might evacuate their homes. President Claudia Sheinbaum warned in her daily briefing that those in the hurricane's path should heed government instructions and wait out the storm in their homes or designated shelters. Erick quickly doubled in strength Having doubled in strength in less than a day, Erick was churning through an ideal environment for quick intensification. Last year, there were 34 incidents of rapid intensification — when a storm gains at least 35 mph in 24 hours — which is about twice as many as average and causes problems with forecasting, according to the hurricane center.
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Business Standard
19-06-2025
- Climate
- Business Standard
Hurricane Erick strengthens to Category 3 storm as it approaches Mexico
Hurricane Erick has intensified into a Category 3 major hurricane threatening approaching southern Mexico's coast with destructive winds and heavy rain, the US Hurricane Center said Wednesday evening. The Miami-based center warned Erick has maximum sustained winds of 120 mph (195 kph) after hours of rapid intensification, strengthening from a Category 1 storm earlier in the day. The cyclone is in the eastern Pacific about 55 miles (90 kilometers) south-southwest of Puerto Angel in Mexico. It's also about 160 miles (260 kilometers) southeast of Punta Maldonado and moving northwest at 9 mph (15 kph), the latest hurricane center advisory said. Hurricane Erick rapidly strengthened Wednesday afternoon into a potent Category 2 storm as it churned toward Mexico's southern coast amid warnings it was likely to become a dangerous major hurricane that would threaten the region with damaging winds, life-threatening flash floods and mudslides. The hurricane's maximum sustained winds had risen by early afternoon to 110 mph (175 kph) as the intensifying storm headed toward an expected landfall sometime Thursday, the U.S. National Hurricane Center in Miami said. Erick was centered about 85 miles (135 kilometers) south of Puerto ngel, the latest advisory said. The storm's projected path would take its center near the resort of Acapulco, which was devastated in October 2023 by Hurricane Otis, a Category 5 hurricane that rapidly intensified and caught many unprepared. At least 52 people died in Otis and 32 were missing, after the storm severely damaged almost all of the resort's hotels. In Acapulco Wednesday, there was a strong presence of National Guard and police in the streets, but most visible were trucks from the national power company. Crews worked to clear drainage canals and brush. Some beaches were already closed, but tourists continued to sunbathe on others. On a beach in Acapulco, a line of people waited for the help of a backhoe to pull their boats out of the water. Adrin Acevedo Durantes, 52, hauls tourists around Acapulco's picturesque coastline in boats. Two of his boats sank in Hurricane Otis and a third was badly damaged. We're taking precautions because with Otis we never expected one of that magnitude to come and now with climate change the water is warmer and the hurricanes are more powerful, Acevedo said. This time the port administration ordered that no one ride out the storm aboard their boats. During Otis many lost their lives by staying on boats in the harbor, which had traditionally been how they ensured their safety during previous storms. He said knew some of those lost at sea. He acknowledged that it was sunny and the water calm Wednesday afternoon, making it hard to imagine a major storm was on the way, but said with Otis it was calm all day, sunny, then at midnight there were two hours of strong winds and we saw what had happened the next day. Francisco Casarubio, a 46-year-old choreographer, carried a carton of eggs as he did some last-minute shopping ahead of the storm. He planned to pick up rice, beans and some canned food as well. His home flooded and lost power in Otis and said he was taking Erick more seriously, but hadn't had time to shop until Wednesday. Forecasters said Erick was expected to lash Mexico's Pacific coast with heavy rain, strong winds and a fierce storm surge. Rains of up to 16 inches (40 centimeters) could fall across the Mexican states of Oaxaca and Guerrero, with lesser totals in Chiapas, Michoacan, Colima and Jalisco states, the center's advisory said. The rainfall threatened flooding and mudslides, especially in areas with steep terrain. Erick was forecast to reach major hurricane strength late Wednesday near the coast and is then expected to move inland. A major hurricane is defined as Category 3 or higher and wind speeds of at least 111 mph (180 kph).
NBC News
19-06-2025
- Climate
- NBC News
Hurricane Erick strengthens to major storm as Mexico's Pacific coast preps for its arrival
ACAPULCO, Mexico — Hurricane Erick has intensified into a Category 3 major hurricane threatening approaching southern Mexico's coast with destructive winds and heavy rain, the U.S. Hurricane Center said Wednesday evening. The Miami-based center warned Erick has maximum sustained winds of 120 mph after hours of rapid intensification, strengthening from a Category 1 storm earlier in the day. The cyclone is in the eastern Pacific about 55 miles south-southwest of Puerto Angel in Mexico. It's also about 160 miles southeast of Punta Maldonado and moving northwest at 9 mph, the latest hurricane center advisory said. The storm's projected path would take its center near the resort of Acapulco, which was devastated in October 2023 by Hurricane Otis, a Category 5 hurricane that rapidly intensified and caught many unprepared. At least 52 people died in Otis and 32 were missing, after the storm severely damaged almost all of the resort's hotels. In Acapulco Wednesday, there was a strong presence of National Guard and police in the streets, but most visible were trucks from the national power company. Crews worked to clear drainage canals and brush. Some beaches were already closed, but tourists continued to sunbathe on others. On a beach in Acapulco, a line of people waited for the help of a backhoe to pull their boats out of the water. Adrián Acevedo Durantes, 52, hauls tourists around Acapulco's picturesque coastline in boats. Two of his boats sank in Hurricane Otis and a third was badly damaged. 'We're taking precautions because with Otis we never expected one of that magnitude to come and now with climate change the water is warmer and the hurricanes are more powerful,' Acevedo said. This time the port administration ordered that no one ride out the storm aboard their boats. During Otis many lost their lives by staying on boats in the harbor, which had traditionally been how they ensured their safety during previous storms. He said knew some of those lost at sea. He acknowledged that it was sunny and the water calm Wednesday afternoon, making it hard to imagine a major storm was on the way, but said 'with Otis it was calm all day, sunny, then at midnight there were two hours of strong winds and we saw what had happened the next day.' Francisco Casarubio, a 46-year-old choreographer, carried a carton of eggs as he did some last-minute shopping ahead of the storm. He planned to pick up rice, beans and some canned food as well. His home flooded and lost power in Otis and said he was taking Erick more seriously, but hadn't had time to shop until Wednesday. Forecasters said Erick was expected to lash Mexico's Pacific coast with heavy rain, strong winds and a fierce storm surge. Rains of up to 16 inches (40 centimeters) could fall across the Mexican states of Oaxaca and Guerrero, with lesser totals in Chiapas, Michoacan, Colima and Jalisco states, the center's advisory said. The rainfall threatened flooding and mudslides, especially in areas with steep terrain. Down the coast in Puerto Escondido near the southern edge of Erick's possible path, some fishermen began pulling their boats out of the water under a drizzling sky Wednesday. Even though the wind had yet to pick up at the Zicatela beach, red flags were up to warn people to stay out of the water. But some surfers ignored them as they continued to ride waves. Laura Velázquez, Mexico's national civil defense coordinator, said Erick was forecast to bring 'torrential' rains to Guerrero, Oaxaca and Chiapas in southern Mexico. The mountainous region along the coast is especially prone to mudslides, and there are numerous rivers that could jump their banks. Guerrero Gov. Evelyn Salgado said all schools were closed Wednesday and the state had alerted all of the fishing and tourism operators of the risk of the coming storm and recommended they prepare their boats. Acapulco's port closed Tuesday evening. She said 582 shelters were prepared to receive people who might evacuate their homes.
