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Forecasters predict that the Philippines will be affected by one of the worst El Nino dry spells on record, reports Reuters.
The impact is expected to intensify in the last quarter of this year into the first half of 2016. El Nino could result in droughts and floods across the Asia-Pacific region.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms