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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BSP keeps 3% credit card interest cap, raises installment and cash advance fee limits 

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) has maintained the 3.0-percent monthly ceiling on finance charges for unpaid credit card balances while raising the limits on installment add-on rates and cash advance processing fees.

SM Hotels expands events business with Conrad Manila rooftop venue

Property 0
SM Hotels and Convention Centers (SMHCC) is adding a premium rooftop events venue at Conrad Manila, broadening its offerings for private celebrations and corporate gatherings as it builds out the Mall of Asia Complex as a destination for meetings and events.

PLDT gets NYSE warning over delayed 2024, 2025 filings

Corporate 0
PLDT Inc. has until February 13, 2027, to submit its delayed 2024 and 2025 annual financial reports to avoid possible suspension and delisting proceedings on the New York Stock Exchange (NYSE), following the withdrawal of its external auditor’s opinions on the two sets of financial statements.

Metrobank chief economist tops Asian research awards, bank cites expertise

Corporate Bulletins 0
Metrobank Chief Economist Nicholas Mapa has been named the top analyst at The Asset Benchmark Research Awards, clinching the Best Individual Sellside Research title.

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