Tag: Tourism

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President Marcos pushes travel tax cut to boost tourism

President Ferdinand R. Marcos Jr. has elevated the proposed abolition of the travel tax to the top of the government’s legislative priorities, signaling a strong push to lower travel costs, stimulate tourism, and support broader economic activity.

Airfare Caps Target Symptoms, Not Aviation Ills

As the government weighs tighter controls on rising domestic airfares, economists and industry stakeholders warn in an interview with Context.ph that headline-grabbing fixes such as price caps and fare transparency risk treating symptoms rather than the deeper structural issues keeping tickets expensive.

Philippines tops ASEAN tourism GDP, jobs race

The Philippines has emerged as ASEAN’s top tourism economy, leading the region in tourism’s contribution to gross domestic product and ranking among the strongest job creators, according to the 2025 World Travel and Tourism Council (WTTC) Economic Impact Report.

PEZA starts 2026 strong, new project pipeline

The Philippine Economic Zone Authority (PEZA) opened 2026 with solid investment momentum, approving 18 new projects worth P12.86 billion during its first Board meeting of the year.

Manila’s visa-free gamble: Will Chinese visitors return?

The Philippines has opened its doors wider to Chinese tourists with a new policy granting 14-day visa-free entry—but the real question is whether travelers from the world’s largest and most dynamic tourism market will actually walk through.

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Globe earnings climb despite economic headwinds

Globe Telecom opened 2026 with stronger revenues and operating profits as rising mobile data usage, expanding fiber adoption, and growing digital finance contributions helped cushion the impact of a challenging economic environment.

IBPAP pushes cybercrime law overhaul, protects IT-BPM

The IT and Business Process Association of the Philippines (IBPAP) is urging lawmakers to amend the Cybercrime Prevention Act of 2012 to strengthen enforcement and better safeguard the IT-BPM sector.

Filipino crew safe amid deadly hantavirus scare

Global health authorities are closely monitoring a deadly hantavirus outbreak aboard the Netherlands-registered MV Hondius cruise ship, even as Philippine officials confirmed that all 38 Filipino crew members on board have tested negative for the virus and remain in good condition.

Business, consumer loans power faster credit growth in March

Bank lending and domestic liquidity both accelerated in March 2026, signaling stronger economic activity as businesses borrowed more for expansion and households continued spending.

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