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 Philippine Travel Agencies Association (PTAA) is rolling out a pair of initiatives designed to stimulate domestic tourism and generate livelihoods, as the industry contends with rising fuel costs and evolving travel demand.
The Philippine Travel Agencies Association (PTAA) has thrown its support behind airline partners facing mounting cost pressures from volatile fuel prices, while calling on the government to provide relief measures and improve the timeliness of advisories to minimize disruption across the travel sector.
Airlines serving the Middle East are loosening ticket rules and waiving costly penalties as geopolitical tensions continue to disrupt flight schedules across the region.
The Philippine Travel Agencies Association (PTAA) is seeking fare waivers and stronger passenger assistance from Middle Eastern airlines as regional tensions disrupt flight routes and send international ticket prices sharply higher.
Filipino exporters face growing pressure to document their environmental and social performance as sustainability standards increasingly shape access to global markets, Swiss Ambassador Edgar Doerig said, urging businesses to adopt stronger reporting and responsible supply-chain practices to remain competitive.
The Department of Agriculture (DA) and the UN Food and Agriculture Organization (FAO) are bringing together governments, agribusinesses, technology providers, and development partners in Manila this month to expand access to affordable farm machinery and services—key to cutting production costs, easing farm labor shortages, and raising incomes for millions across the Asia-Pacific region.
The Bangko Sentral ng Pilipinas (BSP) reported that the country’s gross international reserves (GIR) stood at $97.4 billion as of end-October 2026. This dip in foreign currency reserves was primarily driven by the central bank’s active foreign exchange interventions, downward adjustments in the value of gold assets amid shifting global prices, and the national government withdrawing funds from its central bank deposits to cover foreign debt service obligations alongside other international funding needs.