The Philippines faces difficulty bringing inflation back within target as a strengthening El Niño threatens to damage crops and push food prices higher, with the country already posting the highest inflation rate in the region, according to Moody’s Analytics. In an Aug. 7 report, Moody’s...
Manila Electric Co. (Meralco) is counting on the return of El Niño to salvage its full-year sales targets, relying on seasonal heat to counter deeper shift marked by slumping industrial demand and the rapid adoption of rooftop solar. Ronnie Aperocho, Meralco chief operating officer, said...
The Philippine economy faces an uphill battle in the second half of 2026 after posting its weakest post-pandemic growth, with private sector economists warning that faster infrastructure spending, easing inflation, and stronger investor confidence will determine whether the country can meet the...
West Zone concessionaire Maynilad Water Services Inc. reported a 14-percent increase in net income in the first half, driven by lower interest expense and taxes, which more than offset higher operating expenses (opex). In a media briefing on Tuesday, Aug. 4, Maynilad President and Chief Executive...
Private-sector economists are divided over the trajectory of Philippine inflation in July, though they broadly agree that lingering climate risks, geopolitical tensions, and a weaker peso will compel the central bank to keep interest rates elevated. Forecasts for July headline consumer prices span...
Rains brought by a low-pressure area (LPA) raised the water level of Angat Dam in Bulacan by more than three meters on Thursday, July 30, based on the data from the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). As of 8 a.m., the dam’s water level rose to...
A “triple threat” of crude oil prices topping $80 per barrel, Metro Manila’s ₱85 daily wage hike, and severe El Niño conditions could push third-quarter Philippine inflation back to levels seen during the height of the Middle East crisis and prompt the Bangko Sentral ng Pilipinas (BSP) to...
Angat Dam needs around 400 millimeters of rain over its watershed in Bulacan to reach the level needed for normal operations for domestic water supply, irrigation, and power generation, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said. In a press...
House Speaker Isabela 6th district Rep. Faustino "Bojie" Dy III says proactive planning is key to mitigating the effects of El Niño, which threatens to adversely affect the country 's food supply. Speaking at the House Committee on Agriculture and Food’s El Niño briefing Wednesday, July...
The water level of Angat Dam fell to 152.12 meters as of 8 a.m. Wednesday, July 22, surpassing the previous record-low registered in 2010, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). During a climate forum on Wednesday, PAGASA hydrologist...
Jobless Filipinos increased in number by nearly half a million to 2.5 million in May from 2.03 million a year ago, driven largely by employment losses in the agriculture and forestry sectors as weather-related disruptions, including El Niño, weighed on opportunities. National Statistician Claire...
East Zone concessionaire Manila Water Co. Inc. is working to minimize its reliance on Angat Dam by diversifying its supply sources to accommodate growing customer demand. In a media briefing on Tuesday, July 7, Manila Water East Zone Chief Operating Officer (COO) Arnold Jether Mortera explained...
