Category Archives: Tourism

Finance Department to Privatize Pagcor Casinos by End of Year

The Department of Finance said that, in line with President Rodrigo Duterte’s order, it wants to privatize all the casino assets of the Philippine Amusement and Gaming Corporation (Pagcor) before the end of the year. Valuation of the assets of Pagcor’s 46 casinos will be done in the fourth quarter. The government, however, has yet to decide the privatization process to be followed. Duterte said that Pagcor should focus on its… Continue reading


ISIS Claims Responsibility for Twin Bombing in Manila

Two explosions rocked Manila that killed at least two people and wounded six others. The Islamic State claimed responsibility for the attack, though military and intelligence officials say that there is no evidence pointing to the terror group’s involvement. A bomb also exploded in the same Manila district during the ASEAN Summit. ISIS likewise claimed credit, but police authorities said it was actually part of a war between local… Continue reading

List of 12 ARMM Investment Priorities for 2017-19

List of 12 Investment Priorities for the Autonomous Region in Muslim Mindanao (ARMM) for 2017 to 2019:

  1. Agriculture, agribusiness, aquaculture, and fisheries
  2. Basic industries like production of pharmaceutical products, water supply and treatment, cement production, traditional crafts like boat-building, ice plant and…

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September Tourist Arrivals Up 12%

The country welcomed 4.46 million international tourists during the first nine months of the year, up 12 percent from the same period a year ago. It is on track towards reaching the six million tourist arrival target for the year. Korea, US, China, Japan and Australia remained the top five source markets… Continue reading

Fiscal Incentives Approved for Tourism Enterprise Zone Investors

The Bureau of Internal Revenue has issued the guidelines on the grant of fiscal incentives to businesses and operators inside tourism enterprise zones (TEZs). Investors and enterprises can apply for incentives under the new regulation. They can choose among a six-year tax holiday, or a five percent preferential tax on gross income in lieu of national taxes (except for real property tax), or a net operating loss carry over (NOLCO) scheme. They can also be granted import tax exemptions for capital goods and equipment, and for… Continue reading

August Tourist Arrivals Up by 12.59%

Foreign tourist arrivals breached the four million mark as of the end of August 2016, sustaining the upward growth trend. This is the first time the country surpassed four million arrivals in just the first eight months of the year. This 12.59 percent higher than the 3.59 million arrivals in the same period last year. With the exception of May and August, most months of the year have observed double-digit gains so far… Continue reading

List of Agreements Signed by Duterte with China

President Rodrigo Duterte continues to reconfigure diplomatic alliances after scoring several concessions, loans, and agreements during his visit to China. Among them are: Continue reading