The typhoon will likely enter the Philippine area of responsibility on Sunday afternoon and will be named Paeng, the agency earlier said.
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) estimated the location of Paeng at 1,315 kilometers east of Tuguegarao City, Cagayan on Sunday afternoon.
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Ompong (Mangkhut), the first typhoon this month, left a trail of destruction across Northern Luzon, leaving dozens dead and billions worth of damage in agriculture and infrastructure.
Taiwan is preparing for the impact of Typhoon Trami, which could be among the strongest storms of the year by the time it hits the island later this week.
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Paeng has rapidly intensified into a typhoon, hours before it entered the PAR on Sunday. "The storm is forecast to continue to move towards the west-northwest and take a turn towards the north - the timing of the turn is still uncertain since that is a few days out".
Weather officials said the typhoon will not significantly enhance the southwest monsoon or Habagat, but it may bring rains in Batanes and the Babuyan Group of Islands by the end of the week.
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The typhoon may directly affect the extreme Northern Luzon, particularly Batanes and Babuyan Islands on September 28.