Fishing industry loses P300M due to floods


Posted at Aug 10 2012 05:52 PM | Updated as of Aug 11 2012 01:52 AM

MANILA, Philippines – The country’s fishing industry lost more than P300 million due to severe floods caused by nonstop rains, according to the Bureau of Fisheries and Aquatic Resources (BFAR).

BFAR Director Asis Perez said that since July, more than 3,000 fishing operators in regions 1, 3 and 4-A have been affected.

The damage incurred by fish pond and fish cage operators reached P377 million while damage to fishing vessels and fishing devices reached P10.1 million.

Perez said worst-hit by the floods was the province of Pampanga, where more than P250 million were lost because fish farming in the region was already at the harvesting stage.

BFAR said it will offer assistance to fishing operators affected by the floods. -- Report from Robert Mano, dzMM