Damage caused by Ulysses in Marikina City estimated at P30B

MANILA, Philippines — The Marikina government has estimated the damage wrought by Typhoon Ulysses in the city to reach P30 billion, with its after-effects still being felt economically.

In an interview with ABS-CBN News Channel on Tuesday, Mayor Marcelino Teodoro said that the deluge caused by the typhoon had affected warehouses storing certain products, including its main merchandise — shoes and bag products.

“Marikina is an urbanized city, ‘yung bahay dito magkakadikit (houses here are near each other). ‘Yung (The) missed economic opportunities, merchandise loss, products damaged by the typhoon would run I think up to P30 billion, since we have warehouses in the city dama…

Keep on reading: Damage caused by Ulysses in Marikina City estimated at P30B

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