Typhoon Mirinae, known in the Philippines as Super Typhoon Denise was the most intense tropical cyclone in the Philippines, as well as being one of the strongest tropical cyclones ever recorded. Mirinae formed as a low pressure area east of the Marshall Islands on April 24, 2016, and developed into a tropical depression near Palau, and due to favorable conditions, on May 1, Mirinae rapidly intensified into a super typhoon 12 hours before entering the Philippine Area of Responsibility. Damages from Mirinae are over $23,7 trillion PHP ($500 billion; 2016 USD) in damage.