El Niño, prolonged Middle East war seen keeping Philippine inflation elevated

The Philippines is now upper-middle income. Really?

Development isn't measured by average income alone

Philippines attains upper-middle-income status

Philippines attains upper-middle-income status

Beyond the Upper-Middle-Income Milestone: Making growth work for every Filipino

THE WORLD Bank’s decision to reclassify the Philippines as an Upper-Middle-Income Country marks an important chapter in the country’s long economic journey. With Gross National Income (GNI) per capita rising

Philippines gets economic upgrade, yet many Filipinos feel it’s no ‘big deal’

The World Bank recently upgraded the Philippines to an upper-middle-income country, but that classification makes little difference to many Filipinos grappling with rising cost of living, debt and stagnant wages. Manila resident Ann Michelle Federez-Abato, 35, said her entire salary goes towards her parents’ mortgage, while she and her two-year-old daughter subsist on a monthly remittance of 20,000 pesos (US324) from her husband, who works abroad as a production officer at a factory. Much of...

Philippines Sees Slower Growth, Weak Peso Beyond Marcos’ Term

The Philippines has cut its economic growth targets and sees a weaker peso beyond the end of the term of President Ferdinand Marcos Jr. in 2028 amid headwinds such as the Middle East tensions and an intense El Niño weather event.

Kesan ‘Super’ El Nino dijangka dirasai Januari tahun depan

SHAH ALAM: Kesan daripada fenomena ‘Super’ El Nino seperti cuaca panas melampau akibat penurunan kadar taburan hujan dijangka mula dirasai pada Januari tahun hadapan. Ketua Pengarah Jabatan Bomba dan Penyelamat (JBPM), Datuk Seri Nor Hisham Mohammad berkata, negeri-negeri di bahagian utara seperti Perlis dan Kedah serta utara Sabah akan merasai kesan tersebut terlebih dahulu. Katanya, ... Read more The post Kesan ‘Super’ El Nino dijangka dirasai Januari tahun depan appeared first on Utusan Malaysia.

Philippine inflation eases, but rate hikes still likely

ASIA/PACIFIC: Philippine headline inflation eased to 6.4 year-on-year in June, driven by softer transport and food price pressures. Yet core inflation accelerated to 4.4, highlighting persistent underlying cost pressures. Despite signs inflation may have peaked, sticky services and utility prices and food supply risks support our view of further rate hikes

15 killed in Philippines landslides as Typhoon Bavi wreaks havoc, heads for Taiwan

Typhoon Bavi wreaked havoc in the Philippines, leading to tragic landslides that claimed the lives of at least fifteen people. The approaching storm caused significant evacuations and transport disruptions, as Taiwan braced for severe flooding and landslides, resulting in widespread school and business closures. Although weakening, the typhoon was poised to impact northern and eastern Taiwan before heading towards eastern China after affecting regions in Taiwan and Japan.

As Super El Nino looms, experts urge Malaysian parents to take heat risks to children seriously

KUALA LUMPUR, July 2 — The ongoing El Niño, which has brought soaring temperatures across much of the world...

Philippines gross foreign reserves edge up to $104.8 billion at end-June

MANILA — The Philippines’ gross foreign reserves PHFXR=ECI rose slightly to 104.8 billion at the end of June, from a revised 104 billion a month earlier, the central bank said on Tuesday, citing preliminary data. The latest forex reserves provide a “sufficient” external liquidity buffer equivalent to 6.8 months worth of imports of goods and payments of services and primary income, it said in a statement. —Reporting by [] The post Philippines gross foreign reserves edge up to 104.8 billion at end-June appeared first on Interaksyon.

Geopolitical Events Create Turbulence For Southeast Asian Currencies

Geopolitical Events Create Turbulence For Southeast Asian Currencies

Super Typhoon Bavi weakens slightly as Taiwan, Yaeyama Islands and eastern China brace for impacts

Super Typhoon Bavi maintained Category 4-equivalent intensity over the Philippine Sea on July 8, 2026, with maximum sustained winds of 250 km/h (155 mph) and higher gusts. The cyclone is forecast to weaken gradually before passing near Taiwan and Japan’s Yaeyama Islands around July 11 and making a possible landfall along the eastern coast of China around July 12. Source

MND Local: Hurricane preparedness and fear of a ‘Super El Niño’ in Baja California Sur

With all-time high Pacific Ocean temperatures and a potential Super El Niño coming, this year's hurricane season could be stormy in Baja California Sur. The post MND Local: Hurricane preparedness and fear of a ‘Super El Niño’ in Baja California Sur appeared first on Mexico News Daily

Philippines Sees Rooftop Solar Boom as Electricity Prices Rise

The Philippines is witnessing a sharp demand rise on rooftop solar installations as households seek to reduce soaring electricity bills, according to Reuters. The country has the highest residential electricity prices in Southeast Asia, due to limited government power subsidies. Top power distributor Meralco has raised electricity tariffs by about 10 since the US-Israeli war [] The post Philippines Sees Rooftop Solar Boom as Electricity Prices Rise first appeared on Egypt Oil Gas.

Oman's inflation rises 3.8% in May 2026

Oman's inflation rises 3.8% in May 2026

Oil prices surge 4%, as U.S.-Iran tensions raise supply concerns

The growing Middle East tensions also affected global financial markets. The post Oil prices surge 4, as U.S.-Iran tensions raise supply concerns appeared first on BOL News.

Fiscal, current account deficits expected to continue until 2028 

THE Philippines is expected to continue running fiscal and current account deficits through 2028, with economists warning that sustained government spending will be needed to help keep the domestic private sector in surplus and avoid a financial crisis. In a paper, Lessons from Sectoral Financial Balances for Philippine Crises, De La Salle University Economists Jesus []

Taiwan puts 29,000 soldiers on standby as powerful super Typhoon Bavi fast approaches

At least 15 people have died in southern Philippines after Typhoon Bavi swept through the island nation. The storm, spanning 1,000 kilometres at its widest point, is now heading towards Taiwan and Japan. Dozens of flights and schools across the region have been cancelled as locals prepare for Typhoon Bavi. Taiwanese authorities have put 29,000 soldiers on standby as the weather system is expected to bring up to one metre of rainfall.

World : Philippines To Host Asean Foreign Ministers’ Meeting, Myanmar Talks This July 

MANILA, July 9 (Bernama-PNA) -- The Philippines is set to host a number of foreign ministers and high-level officials’ meetings in Manila from July 18 to 24 for the Association of Southeast Asian Nations (ASEAN) Foreign Ministers’ Meeting (AMM) and the 50th anniversary of the Treaty of Amity and Cooperation in Southeast Asia (TAC), Philippine News Agency (PNA) reported.

Costa Rica’s Strongest El Niño Impacts Expected Between October and March

Costa Rica could face its most significant El Niño-related weather impacts between this October and next March according to projections from the National Meteorological Institute (IMN), raising concerns about reduced rainfall, higher temperatures, water availability, agriculture, and wildfire risk across parts of the country. The IMN said the developing El Niño event is expected to [] The post Costa Rica’s Strongest El Niño Impacts Expected Between October and March appeared first on The Tico Times | Costa Rica News | Travel | Real Estate.

The world’s oceans are the hottest on record for June – and El Niño is set to turn up the heat even more

The El Niño forming in the tropical Pacific right now is likely to be a big one. As it develops, we can expect to see warmer temperatures and extreme events such as marine heatwaves in the western Indian, tropical Atlantic and eastern Pacific Oceans

World's oceans have warmest June on record

Scientists said the onset of a potentially powerful El Nino weather pattern could boost global heat in the oceans and atmosphere even further in 2026

The looming Super El Nino

An especially powerful El Nino is expected to peak in November. It could threaten our supply of food and increase the risk of extreme weather events. Al Jazeera’s Marthe van der Wolf explains why people need to expect the worst.

Dubai Highlights Competitive Lifestyle Value and Regional Resilience in Julius Baer’s Global Wealth and Lifestyle Report 2026

Released amid a dynamic and complex global economic landscape, the Julius Baer Global Wealth and Lifestyle Report 2026 highlights the effects of geopolitical tensions, evolving trade routes, and volatile foreign exchange markets. Even with resilient financial markets, these macroeconomic shifts are significantly altering the cost of living for the worlds affluent. Globally, the price of [] The post Dubai Highlights Competitive Lifestyle Value and Regional Resilience in Julius Baer’s Global Wealth and Lifestyle Report 2026 appeared first on Middle East News 247.

Middle East tensions threaten to push oil prices beyond current range, Eni CEO says

Milan, July 11 (SANA) Continued tensions in the Middle East could push global oil prices beyond their current range of 80 to 100 per barrel by the first quarter of 2027, Eni CEO Claudio Descalzi said, warning that prolonged regional conflicts are increasing pressure on energy markets. Speaking to Reuters on Saturday, Descalzi said withdrawals []

Two Earthquakes Strike Sarangani Area in Southern Philippines

Manila, July 06 (QNA) - Two earthquakes, measuring 5.8 and 5.4 on the Richter scale, struck the southern Philippines on Monday, the US Geological Survey said.