MANILA,  Philippines - Domestic fuel prices are set for another increase next week amid mounting market uncertainties following the expiration of the interim US-Iran agreement without a broader peace deal.

The first four trading days of the Mean of Platts Singapore point to a possible price hike of P1.75 to P2.25 per liter for diesel and P1 to P1 to P1.50 per liter for gasoline on Aug. 25.

Fuel prices going up again next week | Philstar.com - Fuel prices going up again next week | Philstar.com https://share.google/D0uzZbNJaO9V34oxl

Visayas grid placed under red alert                  MANILA, Philippines - The Visayas grid was placed under red alert yesterday afternoon due to the unavailability of two major coal-fired plants, limited power imports and high consumer demand.

The alert status was raised from 5 to 8 p.m. as the peak demand of 2,475 megawatts exceeded the available capacity of 2,350 MW, according to the National Grid Corp. of the Philippines.

Visayas grid placed under red alert | Philstar.com - Visayas grid placed under red alert | Philstar.com https://share.google/dg6eg70hVgCGgPl6j

Jollibee opens 1st Compose Coffee store in Philippines                                                                   MANILA,  Philippines - South Korean coffee brand Compose Coffee has officially entered the Philippine market as the Jollibee Group opened the brand's first store in the country.

The opening of Compose Coffee at Market! Market! in Bonifacio City, Taguig marks the start of a five-year nationwide growth plan for the Jollibee Group's majority-owned coffee brand.

Jollibee opens 1st Compose Coffee store in Philippines | Philstar.com - Jollibee opens 1st Compose Coffee store in Philippines | Philstar.com https://share.google/4zMJ5KIc6m5nqyBq8

PNP ramps up crackdown on contract killings, local gov't fund scams                                   MANILA - The Philippine National Police (PNP) encouraged the public to report credible information on gun-for-hire syndicates.

PNP chief Gen. Jose Melencio Nartatez Jr. said all leads are treated with utmost seriousness as it intensifies operations against illegal firearms, hunting wanted criminals, and collaborating closely with prosecutors to ensure swift convictions.

PNP ramps up crackdown on contract killings, local gov’t fund scams | Philippine News Agency - PNP ramps up crackdown on contract killings, local gov’t fund scams | Philippine News Agency https://share.google/BMf0CVQitC0kmQmts

Up to P6.50/liter hike in oil prices looms next week                                                                            MANILA  - Fuel prices are expected to rise by as much as PHP6.50 per liter this week due to supply disruption concerns after the Strait of Hormuz is once again largely closed to vessel traffic.

Citing price developments as of Thursday, Jetti Petroleum president Leo Bellas said diesel prices are projected to jump by PHP6 to PHP6.50 per liter, and gasoline by PHP5.50 to PHP6 per liter.

Up to P6.50/liter hike in oil prices looms next week - Up to P6.50/liter hike in oil prices looms next week https://share.google/CWQwRWx9eocT1alEq