Day: November 18, 2024

Manila: Over 295,000 families have been affected by three successive tropical cyclones that recently struck the Philippines, as reported by the National Disaster Risk Reduction and Management Council (NDRRMC). The cyclones, named Nika (Toraji), Ofel (Usagi), and Pepito (Man-yi), displaced residents across 3,358 barangays in six regions. According to Philippines News Agency, the affected families account for approximately 1,145,942 individuals residing in Regions 1, 2, 3, Mimaropa, Region 5, and the Cordillera Administrative Region (CAR). While thousands have been displaced, there have been no reported fatalities at this time. Currently, 104,830 families, or 446,177 individuals, are being sheltered in 2,717

Manila: A trio of tropical cyclones has inflicted significant infrastructure damage across the Philippines, with the Department of Public Works and Highways (DPWH) reporting a partial cost of PHP561.7 million. The cyclones, which struck over the course of eight days, have caused widespread devastation, particularly impacting roads, bridges, and flood control structures. According to Philippines News Agency, the DPWH detailed that Tropical Storm Nika (international name Toraji), Typhoon Ofel (Usagi), and Pepito (Man-yi) have severely affected the Cordillera Administrative Region (CAR) and Region 2 (Cagayan Valley). The total damage to roads in these areas has reached PHP170.71 million. Additionally, bridges

Manila: The Department of Agriculture (DA) is planning to establish Kadiwa sites in areas severely impacted by Super Typhoon Pepito, also known internationally as Typhoon Man-yi. This initiative aims to provide more affordable agricultural commodities to affected communities. According to Philippines News Agency, DA Assistant Secretary Arnel de Mesa mentioned in a phone interview on Monday that the department is coordinating with regional and local officials to assist these areas. “In areas mostly affected by Super Typhoon Pepito, we are coordinating with the regional field offices to assist these areas in putting up Kadiwa sites,” he stated. The Kadiwa program

Manila: Philippine economic growth is expected to accelerate in the fourth quarter of the year to 6 percent from 5.2 percent in the third quarter driven by a strong domestic demand, easing inflation, and lower policy rates, an economist from Citi said. “We expect growth to pick up to 6 percent in Q4 (fourth quarter), supported by stronger domestic demand that is likely to be bolstered by lower policy rate and inflation, as well as the recent RRR (reserve requirement ratio) cut that would continue to support credit expansion,” Citi economist for the Philippines and Thailand Nalin Chutchotitham said in

Baku: The Philippines, through the Department of Finance (DOF), is spearheading efforts to secure increased climate finance for vulnerable nations at the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 29) in Baku, Azerbaijan. According to Philippines News Agency, the DOF has proposed an initial target of USD1.3 trillion annually from developed countries to support adaptation, mitigation, and address loss and damage in developing nations. This initiative is part of ongoing negotiations for the New Collective Quantified Goal (NCQG), a post-2025 global finance commitment to meet the evolving climate needs of these countries.