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BCDA unveils P1.3B Poro Point plan

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The Bases Conversion Development Authority (BCDA) has unveiled a P1.3-billion comprehensive development plan to make Poro Point in La Union a tourist magnet.

Posted: April 11th, 2014 in Editor's Pick,Headlines | Read More »

ALI to raise hotels capex

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Property giant Ayala Land Inc. is investing around P11 billion to scale up its interest in the local tourism industry with the goal of doubling its hotel and resort room inventory to 4,100 by 2016.

Posted: April 10th, 2014 in Headlines | Read More »

Fridays Boracay in crisis due to land dispute

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Screengrab from http://www.fridaysboracay.com/home2.do

Boulevard Holdings Inc. is bracing itself for losses due to a disruption in the operations of the resort hotel Fridays Boracay as a result of an escalating dispute with a member of the family that sold the lot where the resort stands.

Posted: April 3rd, 2014 in Latest Business Stories | Read More »

Tourism revenues seen to rise

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The contribution of the travel and tourism sector to the Philippine economy is seen to increase by 3.8 percent to P490.2 billion this year, a report released by the World Travel and Tourism Council (WTTC) showed.

Posted: March 26th, 2014 in Headlines | Read More »

Emirates suspends flights to Clark due to jet fuel taxes

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INQUIRER FILE PHOTO

Emirates Airlines, the largest carrier in the Middle-East, is suspending daily flights to Clark International Airport in Pampanga province on May 1, ending the service in just six months due to controversial jet fuel taxes and intense competition, according to a government official.

Posted: March 24th, 2014 in Latest Business Stories | Read More »

Gov’t to spend P4.17T for infra, tourism, social projects

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The Aquino administration has committed P4.17 trillion worth of public investments in the remainder of its term to make the benefits of the growing economy trickle down the poor.

Posted: March 19th, 2014 in Headlines | Read More »

Ginebra play

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Shares of conglomerate San Miguel Corp., which have long lagged PSEi peers during the recent run-up, have rebounded by 26.8 percent in the last two trading days. So what’s brewing in SMC? Stock dealers cite a play ahead of the company’s March 27 investors’ briefing on its 2013 annual results. Some say prices are catching up with the company’s net asset value of more than P100 a share. There was likewise speculation in the market that hard liquor unit Ginebra San Miguel will soon be up for grabs, which market sources say would be logical given the strong investor appetite for branded consumer businesses.

Posted: March 19th, 2014 in Headlines | Read More »

Tourism, investments and livelihood in Oriental Mindoro

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THE Provincial Capitol in Calapan City.

Tourism, investments and livelihood play an important part in the development of Oriental Mindoro, and thus the three disciplines have been placed, so to speak, under one roof: the Provincial Tourism, Investments & Enterprise Development Office (PTIEDO), based in the capital city of Calapan.

Posted: March 14th, 2014 in Headlines,Inquirer Features | Read More »

San Francisco traders, execs keen on setting up firms in PH

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An employee works on a machine inside a newly built product distribution warehouse in Cabuyao, Laguna, in this file photo. AFP

A trade delegation comprising of 70 businessmen and government officials from San Francisco, California, has expressed interest in tapping prospective investment opportunities and possibly setting up manufacturing facilities in the Philippines.

Posted: March 12th, 2014 in Latest Business Stories | Read More »

Business tourism in Tenusa Island in Basilan

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THE PLACE may be beautiful but it will take a while for tourists and Filipinos to get over the fear of reports on the safety and security of the place.

The Philippines, due to its archipelagic nature, is full of scenic beaches. On top of the popular and world-renowned beaches in the country, there are still plenty undiscovered.

Posted: March 2nd, 2014 in Editor's Pick,Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Barriers threaten PH tourism thrust

Aileen C. Clemente, executive vice president of the Tourism Congress and president of Rajah Travel Corp., says the arrivals targets of 6.8 million for this year and 10 million by 2016 are achievable as long as the government will work hard to “remove the [tourism] barriers in a timely manner.”

The Philippine government must address critical problems in infrastructure, regulatory regime as well as education to enable the country to meet its target tourist arrivals of 6.8 million for this year and 10 million by 2016, an industry official said Thursday.   Aileen C. Clemente, executive vice president of the Tourism Congress and president of [...]

Posted: February 28th, 2014 in Headlines | Read More »

Roxas group expanding hotel, resort portfolio

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Roxas and Co. Inc. (RCI), which is involved in sugar and real estate businesses, is riding on the bright prospects of the Philippine tourism industry by expanding its hotel and resort management portfolio and diversifying into themed-restaurant business this year.   In a statement, RCI chair and chief executive officer Pedro Roxas said the group, [...]

Posted: February 28th, 2014 in Headlines | Read More »

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