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El Nino

Rice stored in sacks and a man driving a tractor

LANDBANK shields rice farmers from El Niño’s fury with PHP2.5 billion loan package

Despite the harsh realities of El Niño and its impact on harvests, the Land Bank of the Philippines (LANDBANK) remains a strong ally of the nation’s rice farmers. IMAGE CREDIT: https://pia.gov.ph/ As of April 30, 2024, LANDBANK has already released a total of PHP2.5 billion in loans through the Expanded Rice Credit Assistance under the […]

A resident walks on a dried-up fish pond in Candaba town, Pampanga

Gov’t intensifies actions to protect Filipinos’ purchasing power from the effects of El Niño

Finance Secretary Ralph G. Recto has assured the Filipino public that the government is intensifying targeted actions to further protect the purchasing power of Filipinos from the effects of El Niño, and eventually, La Niña, on food and energy supplies. A resident walks on a dried-up fish pond in Candaba town, Pampanga (IMAGE CREDIT: OneNews.PH) […]

A farmer affected by El Nino phenomenon

Monetary Board maintains policy settings in view of predicted El Niño return this year

Due to its location in the Pacific region, the Philippines has often experienced the adverse consequences of El Niño — a natural climate pattern characterized by warmer-than-average sea surface temperatures in the Pacific Ocean. This phenomenon disrupts global weather patterns, leading to extreme weather events, temperature variations, and other environmental changes. With its predicted return […]