Businesses and workers in Calabarzon may have to forego as much as ₱6.7 billion in incomes in the wake of Taal volcano's eruption, but the National Economic and Development Authority said this is small relative to the regional economy.
NEDA's initial assessments showed that foregone income from within the 14-km radius stood at ₱4.314 billion, with farm and fisheries output most affected at ₱3.168 billion. Gains worth ₱789.1 million would be foregone from the services sector, while ₱357.3 million would be lost in the industrial sector — money they could have otherwise earned during normal operations.
"Note also that in any disaster, the aftermath of typhoons and volcanic eruptions, there's going to be a lot of economic activity in terms of reconstruction and rehabilitation. That's going to create jobs and stimulate the economy," Pernia said. "We hope that if some of them will slide back to poverty, it will only be temporary. The government has funds for the rehabilitation and recovery of these families," Navarro said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FALSE: Robredo gave ‘only 5 pcs of pan de sal, bottled water’ each to Taal victimsFactCheck: Vice President Leni Robredo distributed rice, canned goods, noodles, bottled water, and face masks. TaalEruption2020 tas ang false rumors sa pres. Di mo man lang nireport? Tangina Tudo fact check c rappler. Khit totoo ung pandesal. Ang tanung rappler magkanu bayad ni fake vp sa inyo? yung statements/answers nina Año at Duterte to questions na tinanggalan ng full context ng mga Twitter wokes at media na fact check na ba or yung gusto nyo lang na makakatulong sa mga politicians nyo?
Source: rapplerdotcom - 🏆 4. / 86 Read more »
SM holding medical mission in Taal evacuation centersThe SM Group of Companies said it will continue efforts to help Taal Volcano eruption victims in Batangas by holding medical missions in evacuation centers.
Source: CNN Philippines - 🏆 13. / 63 Read more »
‘Bayanihan’ spirit shines through the dense ashfall of Taal VolcanoThe “bayanihan” spirit that has been one of the Filipinos’ most endearing values, shone moments after the first phereatic eruption of Taal Volcano last Jan. 12, even before the ashfall had subsided.
Source: manilabulletin - 🏆 25. / 51 Read more »
Activity at Taal may have weakened but Phivolcs continues to warn of possible explosive eruptionDespite weaker activity observed on Taal Volcano's surface, volcanic tremors continued to be felt in the area, signifying a movement of magma underneath that could lead to a hazardous explosive eruption.
Source: manilabulletin - 🏆 25. / 51 Read more »
Private schools to offer ‘study now, pay later’ option to Taal eruption-affected learnersAn association of private schools on Saturday expressed willingness to accommodate learners displaced by the Taal’s unrest on a “study now, pay later” scheme.
Source: manilabulletin - 🏆 25. / 51 Read more »
Phivolcs explains how 'very complex' Taal Volcano isVery complex. This was how a state volcanologist described the current developments around and in Taal Volcano in Batangas for the past three days. Could you be more vague?
Source: CNN Philippines - 🏆 13. / 63 Read more »