Tag: Department of Tourism

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Foreign arrivals in the Philippines declined  7% in February

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Foreign arrivals in the Philippines declined 7 percent in February, totaling 541,008, as the number of tourists from South Korea—the country’s primary market—continued its sharp slide.

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AirAsia brings back low fares for domestic, international flights

Travel & Tourism 0
AirAsia has reintroduced its signature low fares to encourage more people to travel across its domestic and international routes.

GSIS allocates ₱69.1 million for earthquake damage claims

Banking & Insurance 0
The Government Service Insurance System (GSIS) has set aside an initial ₱69.1 million in loss reserves to support recovery efforts following the magnitude 7.8 earthquake that struck parts of Mindanao.

ICTSI’s Rio Terminal adds cranes in modernization drive

Transport & Logistics 0
Rio Brasil Terminal (RBT), operated by International Container Terminal Services, Inc. (ICTSI) at the Port of Rio de Janeiro, has received two new quay cranes under its ongoing expansion and modernization program.

SGV advised on $406-M ASEAN solar deal

Energy & Mining 0
SyCip, Gorres, Velayo & Co. (SGV) has advised on a USD406-million renewable energy partnership between Philippine developer SunAsia Energy Inc. and Vietnam-based VinEnergo, a transaction that highlights rising cross-border investment flows into the country’s clean energy sector.

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