DA to release ₱700 M for Typhoon 'Ambo'

Even as Typhoon "Ambo" already weakened into a severe tropical storm, the Department of Agriculture (DA) was still compelled to release ₱700 million out of its Quick Response Fund (QRF) to bankroll its calamity recovery efforts for the agriculture sector. Based on a data from the DA’s Disaster Risk Reduction and Management Council, the DA will withdraw ₱700 million from it's QRF for the rehabilitation of farms and fishing communities hit by Ambo. QRF is a built-in fund allocation that serves as a standby budget that certain agencies can tap to immediately assist areas stricken by catastrophes and crises. It gets replenished by the Department of Budget and Management regularly. (Madelaine B. Miraflor)