Tag: Tourism

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DOT, DOF untangle tourism tax rules

The Department of Tourism (DOT) and the Department of Finance (DOF) are moving to calm nerves across the travel industry, forming a technical working group (TWG) to address tax concerns triggered by a sweeping new revenue regulation.

Christmas travel boom powers local tourism

Domestic tourism across the Philippines delivered a strong year-end boost as millions of Filipinos hit the road during the Christmas long break, reinforcing local travel as a critical growth engine for the tourism industry.

Cebu rallies tourism with travel perks

Cebu Pacific, the Hotel, Resort, and Restaurant Association of Cebu Inc. (HRRACI), and the Department of Tourism (DOT) have sealed a new partnership designed to supercharge Cebu’s visitor arrivals through flight incentives and bundled stay packages.

Tourism growth in 2024 fuels rise in resource use

Tourism resource consumption increased sharply in 2024 as the industry continued its post-pandemic rebound, driving significant rises in water use, energy demand, and carbon emissions, according to the latest data from the Philippine Statistics Authority (PSA).

Tourism fuels economy, creates jobs in 2024

The Philippine tourism industry continued its strong post-pandemic recovery in 2024, contributing 8.9 percent to the country’s gross domestic product (GDP) and supporting nearly 7 million jobs, according to the Philippine Statistics Authority (PSA).

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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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