Eight emerging market (EM) economies, including the Philippines, are likely to suffer the severe effects of El Niño, S&P Global Ratings projected, warning that below-average rainfall could significantly affect water and electricity supply, as well as rice and corn production. “Drought conditions...
DAVAO CITY – Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) interim Chief Minister Abdulraof Macacua has urged key ministries in the region to closely work together to prepare communities against the possible adverse impact of the El Niño phenomenon. Macacua issued the call on...
Inflation carries a high likelihood of becoming de-anchored once fresh price shocks emerge, think tank Economist Intelligence Unit (EIU) warned, citing in particular the looming risk of a “super” El Niño driving up food costs. “With inflation already well above target, new price shocks are...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said nine to 13 tropical cyclones may develop or enter the Philippine Area of Responsibility (PAR) from July to December. Speaking during a climate forum on Wednesday, June 24, PAGASA-Climate and...
The water level at Angat Dam in Bulacan could fall to its critical level in the coming days as rainfall in its watershed remains significantly below forecast, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). During a climate forum on Wednesday,...
DAVAO CITY – The Ministry of Science and Technology (MOST) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is strengthening preparations against the possible impact of the El Niño phenomenon in the region. As part of preparations, representatives from different concerned agencies...
Citing the possibility of a severe El Niño that could last until next year, President Marcos assured farmers that the government would continue supporting small reservoir irrigation projects (SRIP) across the country. During the inauguration of the Mabini-Cayacay SRIP in Bohol on Monday, June 22,...
Frankfurt-based Deutsche Bank AG is expecting the Bangko Sentral ng Pilipinas (BSP) to further raise key borrowing costs twice more to reach 5.25 percent, standing firmly by its assumption that the hiking cycle is not yet over and that the looming El Niño further threatens price spikes. Deutsche...
A serious El Niño threat needs an innovative response from the government. That 's why House Minority Leader and 4Ps Party-list Rep. Marcelino “Nonoy” Libanan is urging local government units (LGUs) and community organizations to tap the P1-billion People’s Survival Fund (PSF). Libanan...
CEBU CITY – Anticipating the negative effects of El Niño, the Metropolitan Cebu Water District (MCWD) is ramping up several water supply projects. MCWD General Manager DX Lapid said they have been coordinating closely with the Philippine Atmospheric, Geophysical, and Astronomical Services...
El Niño is now in the Philippines, and we should begin preparing for its impact. According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), there is an 80 percent probability that current conditions will develop into a full-blown El Niño event that may...
WASHINGTON (AP) — El Nino, Nature 's chaotic climate agent, has formed in a warmed-up Pacific Ocean and is expected to grow to historic strength, meteorologists announced Thursday. Experts said the El Nino, a natural warming cycle, should further heat a globe already warming from fossil...
