💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

UPDATE 4-Philippines braces for another cyclone, after typhoon kills 20

Published 11/02/2020, 12:39 PM
Updated 11/02/2020, 10:10 PM

* Typhoon Goni leaves 20 dead
* Thousands of homes damaged, without power
* Vietnam braces for Goni's heavy rains, strong winds

(Recasts with updated death toll, comments from President
Duterte)
By Neil Jerome Morales
MANILA, Nov 2 (Reuters) - Philippines' President Rodrigo
Duterte warned of another potentially damaging cyclone
approaching the Southeast Asian nation on Monday, as the death
toll from the world's strongest typhoon of the year rose to 20.
Typhoon Goni, which battered provinces south of the capital
Manila on Sunday with gusts of up to 310 kilometres per hour
(190 mph), is the 18th to hit the Philippines this year and one
of the strongest typhoons since Haiyan killed more than 6,300
people in 2013.
The country's disaster agency on Monday said 20 people had
been killed in Albay and Catanduane provinces, up from the 16 it
had previously reported. Officials said a forcible evacuation of
more than 345,000 people had averted more deaths.
Now another storm, Atsani, with gusts of up to 80 kmph (49
mph), is gaining strength over the Pacific Ocean and is expected
to make landfall late this week.
"It's not as powerful as (Goni) but it would cause damage in
its path, on the roads and bridges," Duterte said in a televised
cabinet meeting.
The state weather agency forecasts two to three more
typhoons to enter the Philippines in November and another one to
two in December. The Philippines, an archipelago of more than
7,600 islands, sees around 20 tropical storms annually.
Residents in provinces south of Manila have started clearing
homes of mud and debris, while people in still flooded
communities were separated in tents inside evacuation centres to
avoid the spread of the coronavirus.
Goni partially damaged more than 55,000 homes and flattened
20,000 more, said disaster management chief Ricardo Jalad in the
meeting.
More than 13,000 homes, some engulfed by an up to five metre
(16.4 ft) storm surge, were damaged in the island province of
Catanduanes when Goni made landfall on Sunday, provincial
governor Joseph Cua told a news conference.
"While there's no more typhoon, we have no air and sea
transportation," Cua said.

COUNTING THE COST
Philippine Red Cross chairman and senator Richard Gordon
said in a statement "this typhoon has smashed into people's
lives and livelihoods on top of the relentless physical,
emotional and economic toll of COVID-19".
Duterte made an aerial inspection of the damage on Monday.
Flying from his hometown Davao, he landed in Guinobatan town
near the Mayon volcano, the Philippines' most active volcano.
Duterte ordered an investigation into quarrying operations
that residents complained had led to the burial of hundreds of
homes in volcanic rock and mud flows, presidential aide and
senator Christopher Go told reporters.
Environment minister Roy Cimatu ordered the suspension of
quarrying around the Mayon volcano, famous for its near perfect
cone.
In the aftermath of Typhoon Goni, more than 50,000 homes
were without power on the main island of Luzon, which accounts
for more than two-thirds of the Philippine economy. Strong winds and torrential rain have damaged crops worth
1.7 billion pesos ($35 million), mainly rice and corn,
Agriculture Secretary William Dar said.
Around 5.6 billion pesos worth of bridges, roads and public
buildings were damaged, data from the public works ministry
showed.
Before Goni hit, the Philippines had been grappling with the
impact of Typhoon Molave, which killed 22 people, most of whom
drowned, in provinces south of Manila.
Vietnam said Goni is forecast to hit its central coast on
Wednesday night, dumping more heavy rain in an area where floods
and landslides in the past month have already killed about 160
people, with dozens missing.
($1 = 48.4050 Philippine pesos)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.