The Department of Tourism (DOT) is gearing up to enhance tourism infrastructure with an proposed budget increase, shared Tourism Secretary Christina Frasco during a House Committee on Appropriations hearing on the proposed 2025 budget. Lawmakers are advocating for a budget elevation, stressing the tourism sector’s significant contribution of 8.6% to the country’s GDP in 2023....
In an effort to boost travel to Singapore, Philippine Airlines (PAL) has sealed a year-long collaboration with the Singapore Tourism Board (STB), offering exclusive discounts and special packages to entice Filipino travelers. The partnership introduces a series of initiatives, including a promotional campaign featuring popular content creators Laureen Uy, Miggy Cruz, and Camille Co, along...
The Department of Tourism (DOT) revealed in a recent report that over 16 million Filipinos are currently employed in the tourism sector as of the first quarter of 2024. DOT Secretary Christina Frasco highlighted the significant contribution of tourism to the Philippine economy, serving as a robust pillar that drives growth, generates revenue for businesses,...
Municipality of Malay partners with GCash, the leading finance super app in the Philippines, the to introduce the innovative eBoracay unified ticketing payment system, revolutionizing cash-lite tourism in Boracay. This system allows visitors to conveniently pay for terminal, environmental, and boat fees at Tabon Port of Malay, with plans to expand to more access points...
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...
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...
The Department of Energy (DOE) has revealed a potential significant rollback in fuel prices expected to take effect next week. This anticipated adjustment comes as a result of noticeable decreases in global fuel prices, with gasoline prices dropping by P2.72 per liter, diesel by P2.02 per liter, and kerosene by P2.31 per liter. Amidst these...
The Bureau of Customs (BOC) recently engaged in the Philippine-British Meat Trade Briefing and Reception organized by the British Chamber of Commerce Philippines, highlighting efforts to enhance trade facilitation between the two nations. Acting Deputy Commissioner Michael Fermin shared BOC’s progress under the 5-Point Priority Program, emphasizing initiatives to simplify cross-border trade procedures and promote...
International Management Group (IMG) recently presented their strategic initiatives to the Department of Tourism (DOT) to capitalize on the fast-rising golf tourism industry in the country. In a meeting at the DOT Central Office in Makati City with DOT Secretary Christina Garcia Frasco, delegates from IMG outlined their plans to enhance the country’s standing in...