The Philippines continues to make waves in the global tourism scene, showcasing excellence and innovation in dive tourism at the recent Diving, Resort and Travel Show Beijing 2024. Led by the Office of the Philippine Department of Tourism in Beijing (PDOT-Beijing), the country secured two prestigious accolades: the Best Tourism Promotion Partnership award and the...
President Ferdinand Marcos Jr. has lauded the recent “A-” investment grade rating from Japan’s Rating and Investment Information Inc. (R&I) as a catalyst for bolstering the nation’s economic prospects. The upgraded rating not only signifies enhanced investor trust in the country’s economic stability but is poised to have a significant impact on driving economic growth...
The Department of Agrarian Reform (DAR) has voided the land certificates awarded by former President Rodrigo Duterte to members of the Ati community in Boracay. Agrarian Reform Secretary Conrado Estrella III explained that the certificates, covering 1,300 square meters, were granted to the Ati in June 2019. However, as per the Comprehensive Agrarian Reform Law...
Consumers are bracing for notable price hikes at gas stations in the coming week, with oil prices expected to surge by over P1.00 per liter across all fuel types. Projections indicate increases ranging from P1.10 to P1.50 per liter for gasoline, P1.00 to P1.40 per liter for diesel, and P1.05 to P1.45 per liter for...
The Bangko Sentral ng Pilipinas (BSP) announced on Thursday a reduction of its policy rate by 25 basis points (bps), marking the beginning of an easing cycle in response to anticipated softer inflation. Bps is a unit of measure commonly used to describe changes in interest rates, bond yields, and other financial instruments. One basis...
AirAsia has launched an exciting seat sale offering one-way base fares to a range of destinations. With prices starting at an affordable P127, travel enthusiasts can now visit popular domestic spots like Boracay and Davao, as well as international gems like Tokyo and Seoul. Jetsetters have until August 25 to avail of this special promotion,...
President Ferdinand R. Marcos Jr. has declared that the Office of the President will grant each athlete who represented the Philippines in the #2024ParisOlympics a reward of PhP 1 million. Encouraging more support for the athletes, he has urged the Philippine Amusement and Gaming Corporation to match this amount. Meanwhile, the country continues the jubilation...
The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) has issued a weather alert stating that the Southwest Monsoon is currently influencing Luzon and the western section of Visayas. Additionally, Tropical Storm Ampil (2407) is located outside the Philippine Area of Responsibility, specifically 1,570 kilometers east-northeast of extreme Northern Luzon. The storm has maximum sustained...
The Department of Environment and Natural Resources (DENR) in the Philippines has set a target to increase the country’s forest cover by an additional three million hectares by the year 2028. This initiative is part of the agency’s comprehensive efforts to mitigate the adverse effects of climate change and promote sustainable environmental practices. DENR Secretary...
Personnel of the 2nd Aklan Provincial Mobile Force Company (PMFC) intercepted and apprehended on August 10, 2024 two motorbanca violators of the “One Entry, One Exit” Policy in Sitio Bolabog, Barangay Balabag, Boracay, Malay . The captains of the motorboats were promptly issued citation tickets for contravening Provincial Ordinance No. 05-32, which enforces the strict...