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The Philippines has concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA) with Chile, securing its first free trade agreement with a Latin American country as Manila steps up efforts to diversify export markets and strengthen supply chains.

The Department of Agriculture (DA) has clarified that a plan to allow up to 250,000 metric tons of imported frozen fish will only take effect during the country’s closed fishing season, which typically runs from November to January depending on the region. Agriculture Secretary Francisco Tiu Laurel Jr. emphasized that this condition is vital to prevent imported stock from driving down prices for local fishers while ensuring market stability during off-peak harvesting periods and potential supply shocks from El Niño.

Shell Business Operations (SBO) Manila has been named one of Everest Group's Top Global Business Services (GBS) Employers for 2026, reinforcing the Philippines' growing reputation as a premier destination for high-value business services and globally competitive talent.

The Philippines registered the highest national average power rate in the ASEAN region for June 2026, reaching P12.43 per kilowatt hour.

Local motorists should brace for a hefty increase in fuel prices this week, with diesel prices projected to surge by as much as P10.50 per liter and gasoline by up to P4 per liter. Jetti Petroleum President Leo Bellas confirmed that these steep upward adjustments reflect a full five-day trading period in the global market, alongside foreign exchange averages, rising cargo premiums, and local industry recovery efforts. While gasoline is expected to climb between P3.50 and P4 per liter, diesel will see a minimum hike of P10 per liter. No price outlook was provided for kerosene.