Tag: Tourism

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Philippines bolsters tourism strategy amid shifting demand

Travel & Tourism Context.ph Context.ph -
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.

AirAsia notes threat to airlines as tourism wobbles

Travel & Tourism Context.ph Context.ph -
AirAsia Philippines has sounded the alarm on mounting pressures confronting both the aviation industry and the broader tourism sector, warning of a “triple threat” that is squeezing margins and dampening demand.

Angara-Mathay pushes unified drive to boost inclusive tourism growth

Travel & Tourism Context.ph Context.ph -
Tourism Secretary Dita Angara-Mathay has called for a more coordinated push across the sector to sustain tourism’s role as a driver of inclusive economic growth, emphasizing its impact on livelihoods, enterprises, and communities nationwide.

Subic charts bold course into cruise facility

Transport & Logistics Context.ph Context.ph -
The Subic Bay Freeport Zone is plotting a major leap into the regional cruise tourism market with plans to build a dedicated cruise ship terminal worth about P10 billion, an investment that also coincides with renewed shipbuilding activity and expanding container operations in the port hub.

TIEZA wars travel tax removal could hurt Philippine tourism

Travel & Tourism Context.ph Context.ph -
The proposed removal of the P1,620 travel tax is raising alarms in the Philippine tourism sector as the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) says critical infrastructure projects could face serious funding gaps.
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OceanaGold sets aside P768.43M for Didipio mine rehabilitation and decommissioning

Energy & Mining 0
OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.

ERC approves provisional FIT-All rate hike to P0.3359 Per kWh

Energy & Mining 0
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.

Meralco backs ERC-ordered P9.5B consumer refund program

Energy & Mining 0
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.

PCCI says power bill relief must lead to deeper energy reforms

Energy & Mining 0
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.

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