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AGP Executive Report

Last update: 11 hours ago

Energy & Inflation Watch: Diesel and kerosene prices are set to rise again starting June 9 as the DOE eases price-adjustment rules, with DOE ranges pointing to up to P5.77/liter for diesel and P8.10/liter for kerosene, while gasoline may swing either way. Regional Prices: Central Visayas inflation stayed at 10.8% in May, driven mainly by food (15.2%) and transport (21.9%). Power Procurement: Retail electricity aggregation is gaining traction as firms like Cathay Land consolidate multiple connection points under the DOE’s RAP to access more competitive retail power and better manage costs. Finance & Payments: The IMF warned Philippine retail transaction fees are higher than regional peers due to fragmented payment infrastructure, highlighting cross-settlement frictions between InstaPay and PESONet. Trade Policy Shock: The USTR proposed additional Section 301 tariffs of 10% to 12.5% on imports from 60 economies over forced-labor concerns; Malacañang says it opposes forced labor and is reviewing the findings. Labor Market: DOLE will roll out “Trabaho Agad” job fairs across 55 sites from June 10 to June 12, targeting 95,000+ vacancies. Disaster Response & Business Continuity: After a 7.8 quake hit Mindanao, malls in General Santos temporarily suspended operations for safety checks; PCSO and local governments mobilized aid, while insurers said losses are “unquantifiable” at this stage. Aviation Disruption: General Santos International Airport operations were temporarily suspended pending technical inspections. Digital Skills Gap: An ADB study found the Philippines has the lowest digital skills demand among six APAC economies, though the gap is narrowing. Retail Expansion: Marks & Spencer is returning to the Philippines via a new franchise deal with PT Mitra Adiperkasa, with a first store planned in Makati by end-2026.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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9 hours ago

Solaren says Philippine factories need power quality fixes, not just more solar

EIN Presswire

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Jun. 8, 2026

Coconut shell powder market seen doubling by 2031

EIN Presswire

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Jun. 8, 2026

Outdoor vacation market forecasted to hit $3.3 trillion by 2030

EIN Presswire

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Jun. 8, 2026

SLI battery market seen reaching $58.94B by 2035

EIN Presswire


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Philippine jobless rate rises to 4.7% in April, underemployment hits near 3-year high

Philippine jobless rate rises to 4.7% in April, underemployment hits near 3-year high

PhilSec returns to Manila to deepen cybersecurity resilience, gets backing from key national agencies

PhilSec returns to Manila to deepen cybersecurity resilience, gets backing from key national agencies

Why credible tax guidance matters for busy Filipino taxpayers

Why credible tax guidance matters for busy Filipino taxpayers

Race to reach trapped after powerful Philippines quake

Race to reach trapped after powerful Philippines quake


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9 hours ago

Solaren Says Philippine Factories Have a Power Quality Problem, Not an Energy Supply Problem

EIN Presswire

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Jun. 8, 2026

Philippines Lifts Tsunami Warning After 7.8 Quake Strikes Sarangani

MENAFN

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Jun. 8, 2026

Philippines Earthquake Death Toll Rises to Fourteen, Several Missing

MENAFN

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Jun. 8, 2026

Indonesia Drops Tsunami Warning After 7.8-Magnitude Philippines Quake

MENAFN

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Jun. 8, 2026

Japan Lifts Tsunami Advisories After Philippines Quake

MENAFN

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Jun. 8, 2026

TON Corporation to Launch 'TonTV', a Telegram-Native Short-Drama Platform, Globally in September 2026

GlobeNewswire, Inc.

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