China vows P7.2-million cash donation for Taal disaster-stricken residents

More from author

Expectations on high inflation rate nudges up 90-day T-bill rates

The Bureau of the Treasury on Monday fully awarded P20 billion in Treasury Bills (T-bills) as rates...

Experts split, but DOF says P1-billion level for FIRB nod data-driven

THE Department of Finance has defended the need to set the P1-billion threshold for investments that are...

Government gross borrowings hit all-time high in 10 months

Government’s gross borrowings from January to October has breached the all-time-high nominal P3-trillion borrowing program this year,...

THE People’s Republic of China (PROC) has pledged a 1-million renminbi or P7.2-million cash donation to help the country in disaster relief efforts for victims of the Taal Volcano eruption.

To convey its intent to hand over the donation “as soon as possible,” China recently sent a diplomatic correspondence to the Department of Finance (DOF) through its embassy in Manila.

The DOF expressed gratitude to the PROC.

“This expression of sympathy and support to our countrymen further strengthens our bilateral ties and reflects the warm relations between our two countries,” Finance Secretary Carlos G. Dominguez III was quoted in a statement as saying.

Dominguez said Beijing has consistently provided assistance to the calamity victims in the country.

He cited a P22-million (3 million renminbi) donation to Mindanao after the island was hit by a series of earthquakes last October. Dominguez also noted that the PROC was also among the first countries to offer assistance in helping rebuild the devastated city of Marawi in Mindanao.

Aside from China, the European Union earlier donated €750,000 (about P42 million) for those affected by the Taal Volcano eruption.

In a statement, the EU Delegation in Manila said the funding is seen to benefit some 280,000 victims.

Last January 12, the Taal Volcano spewed dark volcanic ash, which prompted government scientists to raise Alert Level 4, which is just a notch before hazardous explosive eruption. Ashfall reached nearby towns in Batangas and Cavite provinces, as well as parts of Metro Manila.

Two weeks after the volcano’s eruption, the government downgraded the status to Alert Level 3, indicating a decreased tendency towards explosive eruption.

On Friday, the Department of Public Works and Highways said the damage to national roads and bridges due to the eruption has reached P153.32 million.

Meanwhile, the Department of Agriculture earlier said the agricultural damage and losses have reached P3.17 billion, covering 15,790 hectares of agricultural lands and production losses of 43,772 metric tons.

Among the affected commodities are rice, corn, coffee, coconut, cacao, banana, pineapple, and other fruits and high-value crops.

Suffering 50.5 percent of the total damage valued at P1.6 billion, the fishery sector was the hardest hit.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

More updates

SMART SOLUTIONS FOR SMARTER BUSINESS | Unleashing the fullest potential of Filipino enterprises

Cortex Enterprise Solutions was built to empower Filipino businesses to be on par with the digital...
- Advertisement -

Popcom: PHL on track to cut fertility rate in 10 years

The Philippines remains on track to bring down its fertility rate down to the 2.1-percent replacement rate in less than a decade, according to the Commission on Population and Development (Popcom). On Thursday, Popcom Executive Director and Undersecretary Juan Antonio Perez III told the BusinessMirror that the replacement rate...

Survey bares prevalence of child labor among Pinoy HSWs

Around 5,000 household service workers (HSW) are victims of illegal child labor, according to the Department of Labor and Employment (DOLE). Citing the survey conducted by the Philippine Statistics Authority (PSA) and DOLE last year, National Wages and Productivity Commission (NWPC) Deputy Executive Director Patricia P. Hornilla disclosed these...

25 Covid-19 cases in Subic firm traced to workers who partied

SUBIC BAY FREEPORT—Employees of a business-process outsourcing (BPO) firm here have found out rather too late that it was not yet okay to party. Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma said 25 workers of a company registered in this free port have been infected...

Military conducts war exercise near China-occupied Scarborough Shoal

With new assets in the inventory of the Navy and the Air Force, the military carried out its amphibious landing and island defense exercises in Zambales where the Scarborough Shoal sits at a shooting distance. The drills were carried out on Wednesday in the waters of San Antonio, Zambales...
- Advertisement -

More updates

Popcom: PHL on track to cut fertility rate in 10 years

The Philippines remains on track to bring down its fertility rate down to the 2.1-percent replacement rate...

In case you missed it