Risk management singled out

By MARK HAIHUIE
RISK management should involve all levels of society to lessen the impacts of disasters, says an Asia-Pacific Economic Cooperation (Apec) official.
Apec Emergency Preparedness Working Group meeting co-chairperson and Chinese Taipei delegate Wei Sen Li was commenting on how an economy could be at risk from disasters.
“In the Asia Pacific region, every economy is facing some challenges on dealing with emergencies,” Li said.
“Based on our experience, understanding risk is very important.
“Of course, there is no 100 per cent correct hazard map as there are certain uncertainties. The hazard map is designed for risk communication because we have informed decision-makers, business owners and even people living in the community about upcoming risks.
“Risk is not equal to danger but it means we can do something to prevent losses. So risk communication is important for all to understand.
“This is why in recent years, we have emphasised disaster risk and it has become a global trend.
“The impacts from disasters have shown in the past that they have an impact on society if not prepared, and that can definitely go on to affect economic performance.” Li said that communication was also vital and investment into scientific development should be undertaken by decision-makers in the countries.
“There has to also be investment in scientific development to understand risk and also to monitor risks,” he said.