Quantcast
Latest Stories

BPI joins up with DOT to promote PH tourism

By

Bank of the Philippine Islands and the Department of Tourism have teamed up to pursue a four-pronged initiative that will involve the use of banking infrastructure to support the tourism industry.

BPI president Aurelio Montinola III on Thursday said in a briefing that, through the “Banking on Tourism” program, the tourism department could expand its presence and accessibility by tapping the bank’s 800 branches here and abroad, allowing potential visitors to obtain information on the country, as well as provide them currency exchange service.

Also, the banking unit of the Ayala group will design affordable financing options for qualified tourism enterprises so that they can expand or upgrade their offerings in line with DOT’s accreditation standards.

“We have always believed that private enterprise plays a key role in the Philippines’ development. Today, we are happy to once again assist in the realization of the government’s vision to spur tourism as a key anchor for economic development,” Montinola said.

According to Tourism Secretary Ramon Jimenez, “BPI and DOT are determined to make travel experience in the Philippines not only fun, but truly seamless.”

Jimenez noted that the 7.1-percent gross domestic product growth posted by the Philippines in the third quarter was the most significant rise relative to the rest of Southeast Asia in a long time.

“Finally, the Philippines is on a renaissance, a rebirth is at hand,” Jimenez said.

Under the “Banking on Tourism” program, BPI hopes to deploy more automated teller machines and point of sale terminals so that tourists may transact and access funds in DOT priority areas.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Bank of Philippine Islands , Business , Department of Tourism , Tourism , ``banking on tourism’’ program

  • ProudPinoyinLosAngeles

    Great move for BPI! Long live the Philippines!!! It’s more fun in the Philippines!!!



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Retired SC justice Lorenzo Relova; 98
  • Ligots fight 2nd forfeiture case
  • PH will be partly cloudy in afternoon, evening—Pagasa
  • Ex-COA chief nabbed for plunder
  • John Paul relics abound: Bloodied shirt, unwashed fork…
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • HK victims to get P115M; traders raised money
  • Afghan hospital guard kills 3 US doctors, including Fil-Am pediatrician
  • Marketplace