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Philippines misses 2024 tourist arrival target, optimistic for 2025

The Philippines fell short of its tourist arrival target for 2024, recording 5.95 million foreign visitors, well below the goal of 7.7 million. 

PPA prepares for surge in passenger traffic as holiday season winds down

The Philippine Ports Authority (PPA) on Friday projected a significant spike in passenger traffic this weekend as thousands of travelers return from extended Christmas and New Year holidays.

Suntrust appoints Yip Ho Chi as new CFO

Suntrust Resort Holdings, Inc., a tourism-related company, has appointed Yip Ho Chi as its new chief financial officer, effective January 2.

Recto unceasing in pushing for LANDBANK, DBP charter reforms

The Department of Finance (DOF) has commended the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) for their strong financial positions, noting the institutions are now in a better position to expand services and support national economic priorities.

Okada Foundation head takes helm at Ferronoux Holdings in major shakeup

In a significant reshuffling of leadership, James Lorenzana, president of the Okada Foundation, has been appointed chairman of Ferronoux Holdings Inc., following the resignation of Michael C. Cosiquien from the company’s top post.

Just in

PH gaming revenues tumble as e-games slow 

The Philippine gaming industry posted a nearly 16-percent drop in gross gaming revenues (GGR) in the first quarter of 2026 as weaker consumer spending slowed activity in the electronic gaming segment that had driven industry growth in recent years.

Pickup Coffee ramps up franchising expansion

Pickup Coffee is accelerating its nationwide expansion through franchising as the fast-growing local chain targets at least 800 stores by end-2026, underscoring rising demand for affordable and convenient coffee among Filipino consumers.

Green GSM eyes 18,500 EVs for PH

Vietnam-based mobility platform Green GSM is ramping up its Philippine expansion after signing agreements with 75 transport companies and cooperatives for the planned deployment of up to 18,497 VinFast VF 5, Herio Green, and Limo Green electric vehicles across major urban centers nationwide.

US envoy to push PH tech corridor

US Under Secretary of State for Economic Affairs Jacob Helberg will visit the Philippines next week as Washington ramps up efforts to deepen economic security and technology ties with Manila under the newly launched Pax Silica initiative.
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