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‘Pablo’ farm damage at P11.23B; bananas hit hardest

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International Finance Corp. (IFC), the private sector funding arm of the World Bank, is working with partners to design new insurance products that aim to protect Filipino farmers against costly typhoon-related losses.  AP/BULLIT MARQUEZ

Damage to agriculture due to Typhoon “Pablo” has reached P11.23 billion as of Dec. 10, 2012, the Department of Agriculture (DA) reported Tuesday.

Posted: December 12th, 2012 in Latest Business Stories,Photos & Videos | Read More »

Banana growers in Mindanao lose $318M

Cavendish bananas from Mindanao. INQUIRER FILE PHOTO

The Philippines, the world’s third largest exporter of bananas, lost a quarter of its crop in Typhoon “Pablo,” an industry group said Thursday, adding that it has also likely spread a destructive pest.

Posted: December 7th, 2012 in Latest Business Stories | Read More »

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