April 1 - 15, 2017
BUSINESS NEWS
PHILIPPINE ASIAN NEWS TODAY
13
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$1.00 US = P 49.34
Surrey Memorial Hospital’s state-
of-the-art mental health unit
opening soon
SURREY – A state-of-
the-art unit for children and
adolescents with urgent
mental health issues is
set to open this spring at
Surrey Memorial Hospital.
The Child and Adolescent
Psychiatric
Stabilization
Unit (CAPSU) will be home
to a Snoezelen™ Room, a
multi-sensory environment
used to help reduce
agitation and anxiety and
stimulate and encourage
communication, the first
of its kind for children
and youth in a hospital
psychiatric unit in Canada.
CAPSU
will
serve
young people from across
the Fraser Health region,
aged six to 17, who need
a five- to seven-day stay in
hospital for stabilization.
Cloverdale Paint, one of
the city’s oldest and most
successful family-owned
businesses, has contributed
$1 million to the new unit
through the Surrey Hospital
&
Outpatient
Centre
Foundation. The unit will
be named in their honour
– the Cloverdale Paint Child
and Adolescent Psychiatric
Stabilization Unit.
Over the past 11
months, the space formerly
occupied by the hospital’s
old emergency department
has been transformed into
a therapeutic environment
for children and adolescents
experiencing an acute
mental health crisis.
CAPSU will provide
care to children and
adolescents in a more
appropriate setting. The
specialized care team on
this 10-bed unit will include
psychiatrists, psychiatric
nurses, social workers,
occupational
therapists
and youth care counsellors.
Currently, young people in
the Fraser Health region
who need urgent inpatient
care are admitted to the six-
bed unit at BC Children’s
Hospital when a bed is
available. If not, they either
remain in the emergency
department or are admitted
to a pediatric ward or adult
psychiatric unit in their
local hospital.
CAPSU
will
open
in late May. In addition
to
Cloverdale
Paint’s
contribution of $1 million
to the Surrey Hospital
&
Outpatient
Centre
Foundation’s fundraising
campaign for CAPSU, the
Province is providing $2.2
million and Fraser Health
is investing $820,000 in
capital costs to create
CAPSU, plus $4 million in
annual operating costs.
Cloverdale Paint was
established in 1933, and
the corporate head office
is still headquartered in
Surrey. The company is the
€1.00 EUR = P 52.65
₤1.00 GBP = P 61.92
D1.00 BHD= P 130.91
R1.00 SAR = P 13.16
¥1.00 JPY= P 0.45
largest Canadian-owned
and operated paint and
coatings
manufacturer,
operating in the United
States and Canada.
The community has
donated more than $2
million to the Foundation
to
make
CAPSU
a
therapeutic environment
that complements the work
of the specialized child
and youth mental health
professionals on the unit.
Today’s announcement
supports a number of
provincial priority areas that
will help better meet the
needs of people struggling
with mental health and/
or substance use issues. Budget 2017, with $165
million
provided
in
targeted mental health and
substance use supports
and services, is helping
government address gaps
in the system. It is providing
patients
and
families
with better information
and ways to navigate the
system, and integrating
and coordinating services
throughout the province.
The Ministry of Health
invests about $1.45 billion
each year to support people
in need of mental health and/
or substance use services
and
supports.(media@
fraserhealth.ca)
this if there is any policy
change... We see no reason
at the moment to doubt the
plan,” Hansl said.
Hansl said the very
young population of the
Philippines provided the promise of a demographic
dividend period, if structural
reforms allowed for condi-
tions that would encourage
savings and investments
and skills developments for
young workers. (J. Rada,
World Bank sees PH growing 6.9% in 2017
The World Bank said
Tuesday the Philippine
economy is expected to ex-
pand by nearly 7 percent in
the next three years, mak-
ing it one of the top per-
formers in the region.
World Bank lead econ-
omist Birgit Hansl said in a
news briefing in Taguig City
the country’s gross domes-
tic product growth would
likely reach 6.9 percent in
2017 and 2018 and 6.8
percent in 2019.
“The
government’s
commitment to further
increasing public infra-
structure investment is ex-
pected to sustain the coun-
try’s growth momentum
through 2018 and reinforce
business and consumer
confidence,” she said.
“We project the Phil-
ippines to be one of the
top growth performers in
the Asian region. But the
growth prospects are sub-
ject to downside risks,”
Hansl said.
Hansl said exports
would continue to be a
drag for economic expan-
sion. She also said the de-
velopments in the world’s
advanced economies, par-
ticularly the path of mone-
tary policy in the US, would
cause uncertainties in the
financial markets and af-
fect the peso.
She said in the domes-
tic front, the expansionary
fiscal policy of the govern-
ment could be at risk be-
cause it was “not matched
with the amount of reve-
nues” for the purpose.
“The outlook remains
positive.... We see the gov-
ernment’s intent to increase
investments in public infra-
structure. The implemen-
tation of these will result
in job creation and higher
domestic consumption,”
she said.
Hansl said she was
not seeing any impact on
growth of the proposed
compre-
hensive
tax reform
program of
the govern-
ment, which
aims to low-
er personal
income tax
and raise ex-
cise taxes.
“It is still
early April,
and we see
no impact
yet from the
tax reform
plan. But in
July, we will
consider
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