Connect with us

Hi, what are you looking for?


Agri damage from storm Paeng balloons to P4.37B


AGRICULTURAL damage caused by Tropical Storm Nalgae, locally named Paeng, has swelled to over P4 billion, affecting thousands of Filipino farmers and fisherfolk, according to the government.  

In its situation report on Wednesday morning, the government’s disaster management council said Paeng left P4.37 billion in damage to agriculture, up from Tuesday’s running estimate of P3.08 billion. 

The biggest toll was on crops with more than 121,287 hectares of farmlands affected. 

Damage to livestock, poultry, and fisheries was so far estimated at P187.84 million. 

About 109,489 farmers and fisherfolk were affected. 

The death toll from Paeng has hit 159, of which 124 were already confirmed. Thirty people were still missing. 

Paeng has affected 1.3 million families or 5.3 million people. About 1.1 million people have been displaced, while some 46,000 people are still staying in evacuation centers. 

The government has so far released P223.69 million in assistance to typhoon victims. 

Last week, President Ferdinand R. Marcos, Jr. released an order placing Calabarzon, Bicol, Western Visayas and the Bangsamoro Autonomous Region in Muslim Mindanao under a state of calamity for six months. 

Under a state of calamity, local governments and the private sector could hasten rescue, recovery, relief and rehabilitation efforts and quickly appropriate funds. A ceiling on prices of basic goods is also imposed to prevent hoarding and overpricing. — Kyle Aristophere T. Atienza 

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



BEIJING – Three Chinese astronauts arrived on Wednesday at China’s space station for the first in-orbit crew rotation in Chinese space history, launching operation of the second inhabited outpost in low-Earth orbit after the NASA-led...


STOCK PHOTO Image by Pexels from Pixabay ALMATY – McDonald’s licensee in Kazakhstan was forced to temporarily close its restaurants this month after cutting ties with Russian companies and running out of supplies, three sources with...


SINGAPORE – Olivia Chiong and her wife feel like the Singapore government has made clear to them and their two children that they don’t belong in the city-state. So this week’s vote...

Editor’s Pick

The UK’s biggest broadband and mobile operators have today met with the government to follow up on commitments agreed in the summer to support...


The International Monetary Fund expects the Philippine economy to expand by 6.5% this year, matching the lower end of the government’s 6.5-7.5% goal. —...


FINANCE SECRETARY Benjamin E. Diokno speaks at the BusinessWorld Economic Forum at the Grand Hyatt Manila, Nov. 29. — PHILIPPINE STAR/ KRIZ JOHN ROSALES...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.