The Philippines is set to gain a fresh boost in tourism and economic activity as Chinese carriers expand direct flights to Manila, strengthening both business links and people-to-people exchanges.
A leading Philippine travel association is pressing the government to clarify tax rules for agency transactions, warning that inconsistent interpretations by Revenue District Offices (RDOs) are driving up compliance costs and sparking audit disputes.
The Department of Tourism (DOT) welcomed Air China’s inaugural Chongqing-Manila (CKG-MNL) flight on May 2, signaling a major boost for the Philippines’ tourism recovery.
The Department of Tourism is tightening its playbook, shifting from volume to value as it targets markets and segments that can deliver higher spending and longer stays.
Tourism Secretary Dita Angara-Mathay on Wednesday announced a stronger government push to adapt to evolving travel patterns, unveiling plans to establish a Tourism Resilience Management Team as global uncertainties continue to reshape the industry.
Globe Telecom has secured a P5-billion term loan facility from BDO Unibank, providing additional financial flexibility to support network investments, refinance existing obligations, and meet general corporate funding requirements as demand for digital services continues to rise.
Freelancing has become an increasingly popular career choice in the Philippines, with the sector recording a 208 percent growth in revenue between 2019 and 2020 – the highest rate across Asia.
The Bank of the Philippine Islands (BPI), through its foundation arm, is advancing financial inclusion by rolling out financial education initiatives in communities near ACEN’s renewable energy project sites. The partnership covers areas in Quezon, Laguna, and Zambales provinces, targeting around 3,000 direct beneficiaries.
The Manila Electric Company (Meralco) has kicked off the Competitive Selection Process (CSP) to secure 600 megawatts (MW) of baseload capacity, aiming to guarantee sufficient and reliable power supply for its customers. The move follows the Department of Energy’s (DOE) issuance of a Certificate of Conformity after more than a year of review, and forms part of Meralco’s latest DOE-approved Power Supply Procurement Plan.