Typhoon Crising's Economic Impact on the Philippines

Edited by: Tetiana Martynovska 17

Severe Tropical Storm Crising, which exited the Philippine Area of Responsibility on July 19, 2025, has caused significant economic damage across the country. The Department of Agriculture (DA) reported agricultural losses amounting to approximately ₱96.9 million, affecting over 4,600 farmers across several regions. These losses include damage to rice, corn, high-value crops, and livestock across more than 6,000 hectares of farmland. The DA has activated its Quick Response Fund for rehabilitation and is offering loans to affected farmers. Additionally, the Philippine Crop Insurance Corporation is providing indemnification to insured farmers. The Department of Public Works and Highways reported infrastructure damage totaling around ₱11.5 million, with several national road sections in the Cordillera Administrative Region and other areas remaining closed or with limited access due to the storm. Authorities are actively monitoring the situation and coordinating relief efforts, as intermittent rains and thunderstorms are anticipated in the coming days. The government's response, including financial aid and infrastructure repair, will be crucial in mitigating the long-term economic consequences. The recovery process is expected to take several months and will require substantial investment to rebuild damaged infrastructure and support affected communities.

Sources

  • GMA Network

  • Philstar.com

  • BusinessMirror

  • TV5 News

  • PAGASA Bulletin

  • Manila Standard

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