Nine Things You Need To Know About Yemen Right Now

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COVID-19 is in Yemen, where people are not only in the world’s worst crisis but also face having life-saving aid being cut back.

1. The humanitarian situation in Yemen, in its sixth year of conflict, is still the worst in the world.

Some 24 million people, which is 80 per cent of the country’s entire population, require some form of assistance or protection.

2. COVID-19 is now in Yemen, and we are running out of time.

As of 27 May, 260 COVID-19 cases have been recorded, including 54 deaths, and 10 recoveries. However, there are thousands of people in the country suffering from non-COVID-19 diseases, who are at risk of being deprioritized due to attention being diverted to the coronavirus.

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The actual incidence of COVID-19 is almost certainly much higher. Tests remain in short supply. Aid agencies in Yemen are operating on the basis that community transmission is taking place across the country. Nearly 18 million people in Yemen do not have regular access to clean water, and the conflict has destroyed health-care facilities and left people with some of the lowest levels of immunity and highest levels of acute vulnerability in the world.

3. Major UN programmes in Yemen face reduction or closure, with a devastating impact on efforts to prepare for COVID-19.

Of the UN’s 41 major programmes in Yemen, 31 will start to close in the next few weeks if we do not secure additional funds. Up to 1 million displaced people will not be able to receive critical supplies – including hygiene items that help protect against diseases such as cholera and COVID-19. Nutrition programmes will also be cut, affecting 260,000 severely malnourished children and 2 million more children with moderate malnutrition. At least 80 per cent of health services provided through the response could stop at the end of April. This could mean disbanding local health teams that have been and would be essential in detecting COVID-19 and containing past disease outbreaks such as cholera.

4. Yemen’s currency could collapse as the global economy grapples with the impact of COVID-19.

Rapid, uncontrolled currency depreciation was a key factor in bringing Yemen to the brink of widespread famine 18 months ago. The price of oil, Yemen’s main source of revenue, has fallen, which will make it harder for the country to pay for salaries or for imports, which the country relies heavily on. Most Yemenis depend on remittances, which is estimated to bring in more than $3 billion a year. But economists predict that remittances could drop by as much as 70 per cent in the coming months as COVID-19 slows down economies.

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5. Yemen’s health system is on the verge of collapse.

Nearly half of health facilities are non-functioning or partially functioning. Equipment and medical supplies are inadequate or obsolete, and health workers have gone without pay or received irregular pay for more than two years.

6. Malnutrition rates among women and children in Yemen remain among the highest in the world

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More than 1 million women and 2 million children require treatment for acute malnutrition.

7. Civilians, mostly children, are bearing the brunt of the violence.

In the first quarter of this year, civilian casualties have risen every month, with more than 500 people killed or injured. One in every three civilian casualties has been a child. In Al Jawf – where hostilities escalated in mid-January – that rate is now one in two.

8. Humanitarian aid has been a lifeline for many Yemenis.

Every month, we help more than 13 million people across Yemen and provide food to nearly 12 million of those people. In 2019, humanitarian agencies supported 3,100 health facilities and conducted 17 million medical consultations. More than 11 million people were able to access clean water and sanitation and nearly 1 million acutely malnourished children were treated.

9. Only 70 cents per day can make a difference

On 2 June, Saudi Arabia and the United Nations will co-host a virtual pledging event to fund the humanitarian response in Yemen. UN agencies and partner organizations estimate they need about $2.41 billion to cover basic programmes, including the corona pandemic, until the end of this year. With that money we can help about 19 million people – that’s about 70 cents per person per day.

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Nine Things You Need To Know About Yemen Right Now - Brand SpurNine Things You Need To Know About Yemen Right Now - Brand Spur

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New entrant AECO Energy launches business innovation to deliver ‘last mile of value chain’ to Singapore’s maturing open electricity market

  • AECO Energy announces the launch of its operations in Singapore to provide innovation to the open electricity market for businesses with generation 2.0 of its technology and service offerings.
  • The company will introduce three solutions as part of its initial portfolio, customisable to specific business needs.
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SINGAPORE - Media OutReach - 13 April 2021 - AECO Energy, a new entrant to Singapore's electricity sector, has today announced the launch of its operations. AECO Energy will be the first-of-its kind energy technology and services company aimed at innovating customer-centric offerings in electricity and renewable energy markets.

With over 12 years of experience in delivering open market electricity services and solutions to businesses in Australia under the Power Choice brand, AECO Energy is bringing its second generation of services and technology to Singapore for the first time. AECO's second generation delivers on two major offerings.

Firstly, AECO delivers the 'last mile' of value in Singapore Open Electricity Market (OEM) value chain by providing innovative services to assist businesses to manage, plan and make better buying decisions.

AECO is all about enabling increased profits for businesses. AECO has a customer-centric mission to use its low-cost proven technology and expert-led services to enable better business decisions within a complex electricity market with multiple providers and opaque medium- to long-term pricing information. This comes against the backdrop of Singapore's maturing OEM, which gives businesses and consumers the autonomy to buy and choose their electricity providers - the freedom to choose.

AECO Energy's technology platform, MarketPro™ with its unique, electricity futures market simulator Rate Watch™, delivers business and electricity efficiency and empowers businesses through relevant and timely pricing information, while also helping Singapore businesses make better buying decisions via automated tenders and reverse auctions. Moreover, for businesses who do not have the capability and capacity to manage and purchase its own electricity, AECO Energy Portfolio™ delivers scalable buying power with a fully-managed contract management and purchasing aggregation service for small, medium and large businesses.

Alan Jones, CEO, Chairman & Founder, AECO Energy, said: "We are incredibly excited and humbled to be joining Singapore's dynamic energy scene with our low-cost, high-value products and services. Our mission is clear: just like Amazon is revolutionising the 'last mile' of product supply chains with its same day delivery, we are also delivering the 'last mile' of the value chain in Singapore's OEM that enables more businesses better purchasing decisions, more business profitability and growing all of Singapore's economy."

Secondly, with SGX-listed entities, enterprises and multinational corporations (MNCs)' increasing emphasis on sustainability, AECO (through its SustainPro™ offering) will bring for the first-time in Singapore the benefit of AECO's direct relationship with generators of International Renewable Certificates (I-REC). This enables Southeast Asian markets the benefit of medium- to long-term low-cost and structured REC solutions to meet renewable energy targets and sustainability goals. This translates to more profits by providing more predictable costs for businesses in meeting their sustainability and renewable energy goals.

"As a specialised company, unburdened with corporate overheads and distractions from Singapore's local market participants, we can offer companies who are based anywhere in Southeast Asia, sustainability and renewable energy solutions that span markets and countries at a lower and more predictable price. We are honoured to play our part to bring sustainability and increased renewable energy throughout the world and to do so while benefiting our customers' cost structures," continued Mr. Jones.

AECO Energy is introducing three offerings as part of its electricity management solutions:

  • MarketPro™: Businesses can optimise costs and seize market opportunities with exclusive access to customised market price information through AECO Energy's integrated online procurement and management platform equipped with Rate Watch™, a market simulation and automated procurement technology from as low as SGD $149 per month.
  • Portfolio™: Businesses get exclusive access to economies of scale with better buying power through professional and expert-managed energy procurement portfolios overseen by AECO Energy experts. This allows enterprises to focus on their core business while AECO Energy experts will fully-manage their electricity contracts and make better buying decisions on their behalf from as low as an additional SGD $74 per month.
  • SustainPro™: SustainPro focuses on helping businesses meet their sustainability goals at the lowest cost. AECO Energy offers lower costs on the procurement of Renewable Energy Certificates (RECs) and tailored REC supply solutions designed to meet transition needs towards a more sustainable business.

"With the understanding that business needs are unique for every organisation, our energy experts will work closely with customers here in Singapore to help them reduce costs, drive efficiency and make better buying decisions. By providing technology-enabled, insights-driven energy technology solutions, we want to create a profound impact on our customers' businesses to better position them for sustainable growth in the long-term," concluded Alan.


About AECO Energy:

Based in Singapore, the AECO Pacific Group owns and operates the Power Choice and AECO Energy brands. A leading pioneer for more than 12 years in electricity brokerage and consulting services in Asia Pacific focusing on deregulated electricity markets, AECO Pacific helps businesses with electricity procurement and management backed by market intelligence. Transforming and saving businesses more, AECO's combined experience in energy leadership and innovative technology solutions remain unmatched in dynamic and changing energy markets. For more information, visit https://powerchoice.com.au/ and https://aecoenergy.sg/.

Nine Things You Need To Know About Yemen Right Now - Brand Spur
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