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Wednesday, January 11, 2012

Sendong’s damage to food processing and construction industries in CDO and Iligan reach P 100 M

The Department of Trade and Industry- Region 10 reported an estimated 100 million pesos worth of damages to small and medium enterprises (SMEs) in the cities of Cagayan de Oro and Iligan due to the flashfloods brought about by typhoon Sendong.

In an interview with DTI Director Thelma Dumpit Murillo over Radyo ng Bayan, DTI Region 10 Assistant Director Linda Boniao said the food processing industry in Cagayan de Oro City was hardest hit by the typhoon, completely destroying several factory plants and equipment and facilities of major food processors in the city. Among those hardly hit are Pines TGO Foods and Darling Foods, producers of processed meat such as ham, hotdog, and sausage.

ARD Boniao reported that in Iligan City, vehicles and heavy equipment of construction companies were swept away to the sea by flood waters.

DTI Region 10 has coordinated with Department of Science and Technology (DOST) and Small Business Corporation (SB Corp) to assist SMEs in acquisition of new equipment and to provide them access to loans to repair their facilities.

The amount of damages reported was only partial as of airtime and possibly will increase after they have assessed all the affected SMEs in the region.

The DTI-Region 10 is continuously monitoring the prices and supply of goods in the typhoon-hit areas. ARD Boniao told that price of basic necessities and prime commodities in Region 10 is stable. However, there was shortage in the supply of some items such as canned goods caused by the rise in demand in affected areas.
ARD Boniao said she and her staff are thankful that while they personally lost some properties, they survived Sendong. Reden Miranda, DTI-PRO

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