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International

Philippines loses $4 billion to disasters a year

March 08, 2017 Reprints

The National Economic and Development Authority of the Philippines has said that disasters caused more than 200 billion Philippine pesos ($4 billion) worth of economic losses annually, Business Mirror reported. Philippines' agricultural sector alone suffered PHP 164 billion worth of production losses between 2011 and 2015 due to disasters caused by climate change.

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Philippines loses $4 billion to disasters a year

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