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Near-term Inflation Outlook Faces El Niño Risks","url":"https://stock-news.laohu8.com/highlight/detail?id=2649988730","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2649988730?lang=en_us&edition=fundamental","pubTime":"2026-07-07 16:44","pubTimestamp":1783413840,"startTime":"0","endTime":"0","summary":"0844 GMT - The Philippines's near-term inflation outlook faces risks including El Nio-related supply disruptions and peso volatility, UOB economists say in a note. Prolonged dry weather could affect agricultural production and raise food prices, especially for rice and vegetables. \"Such supply-side pressures typically persist for several quarters and could delay the pace of disinflation,\" UOB writes. El Nio's impact would be felt more strongly on headline inflation, given that food accounts for a significant portion of the CPI basket. That makes it a key risk factor even as energy prices ease. Still, UOB lowers its 2026 inflation forecast for the Philippines to 6.0% from 7.5% due to factors including the sharper-than-expected easing in headline inflation over the past two months.  Dow Jones NewswiresJuly 07, 2026 04:44 ET Copyright  2026 Dow Jones & Company, 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20 new banking initiatives under a playbook called \"Banking a Longevity Society,\" introducing new accessibility targets and support services for elderly customers.The initiatives, backed by DBS Group Holdings , Oversea-Chinese Banking Corporation , United Overseas Bank , and electronic payment provider Nets, include cash accessibility and legacy and support services.Under the plan, the banks aim to establish an ATM, branch, or cashpoint within 500 meters of key public amenities by the end of 2026, expanding the coverage to every public housing block nationwide by the end of 2027, according to a statement on Thursday.By the first quarter of 2027, member banks will implement streamlined legacy planning processes and standardized support systems for customers showing signs of cognitive decline.The commitments follow a disclosure in January by Deputy Prime Minister and Monetary Authority of Singapore  Chairman Gan Kim Yong, noting that the 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