Stakeholders doubt hotel shortage, but hike in room rates ‘inevitable’
STAKEHOLDERS in the hotel industry doubt a shortage of properties in their industry and believe more investors are confident in opening up new accommodation establishments.
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STAKEHOLDERS in the hotel industry doubt a shortage of properties in their industry and believe more investors are confident in opening up new accommodation establishments.
THE Philippines would tap Lithuanian technology to help the country improve its e-governance and digital literacy, among others, as it aims to expand its trade relations with the European country, Trade and Industry Secretary Alfredo E. Pascual said.
THE Bureau of Customs (BOC) seized P29.5 million worth of dried marijuana or kush in a shipment from Thailand at the Manila International Container Port (MICP).
LUANG PRABANG, Laos — Senior finance and central bank officials from Southeast Asia and major economies met April 4, 2024, in the scenic Laotian city of Luang Prabang to discuss ways to help the region build resilience against shocks like the COVID-19 pandemic and natural disasters brought on by climate change.
THE country’s economic growth will likely disappoint given the El Niño phenomenon and rising inflation, according to analysts of the US-based Global Source Partners think tank.
IF the Philippines intends to maximize the revenue potential from digital economy, it must join regional or multilateral agreements that are formed to better tax big tech, according to a study commissioned by the national government’s think tank.
THE World Bank International Finance Corporation (IFC) will assist the Philippine Economic Zone Authority (Peza) to reduce carbon emissions in economic zones to help the investment promotion agency become more competitive, according to Peza.
THE Department of Trade and Industry (DTI) has expanded its Vape Law enforcement program, this time focusing on cracking down on substandard construction materials proliferating in the market.
THE Bases Conversion and Development Authority (BCDA) said it doubled its remittances to the government, contributing P1.1 billion in dividends in 2024 from the P527 million in 2023.
ALL local government units (LGUs) in the country have been admonished to streamline and digitalize their land use and urban development planning in order to build smart, green, resilient and inclusive human settlements.
THE National Grid Corporation of the Philippines (NGCP) placed the Luzon and Visayas grids on red alert and the Mindanao grid on yellow alert last Wednesday.
AG&P Industrial and the Visayas Neceboley Interlink Holdings Corp. (VNHIC) signed a memorandum of understanding (MOU) on Tuesday for a $15-billion mega infrastructure project that will connect the four major islands in the Visayas through state-of-the-art bridges and expressways.
FIRST Gen Corp. said the Philippine Manufacturing Co. of Murata Inc. (PMM) has agreed to renew its renewable energy (RE) supply deal for its production facility.
WHILE extreme heat contributed to the agricultural crisis in Mindoro, solar energy can also serve as a solution to the island’s perennial energy woes, President Ferdinand R. Marcos Jr. said on Tuesday.
WITH the summer season now underway, Southeast Asian travelers are intent on going on vacations domestically, but also concerned about the slowly simmering inflationary costs of traveling, as well as the safety of their intended destinations.
DAVAO CITY—The Davao Region already lost 320 hectares midway into the El Niño dry spell phenomenon as government is also watching for any critical signs of its marine resources.
IN response to recent survey findings showing a notable decrease in self-rated poverty and hunger among Filipino families, the leadership of the House of Representatives on Tuesday reaffirmed its commitment to continue existing anti-poverty programs and develop additional initiatives to assist those in need.
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THE Philippine Economic Zone Authority (Peza) said it approved P29.955 billion worth of investments between January and April 2024, a 9.49-percent decline from the P33.094-billion investments it approved in the same period last year.
The chairman of the House Committee on Constitutional Amendments on Monday described a group of UP economists as “anti-poor” for opposing the initiative of the House of Representatives to amend the Constitution’s restrictive economic provisions.
Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.
THE Board of Investments (BOI) said it approved P607.22 billion of investments—bulk of which is in renewable energy—from January to April 2024, up 15 percent from the investment approvals recorded in the same period last year.
RAISING wages in the Philippines should have been done “yesterday” to allow worker’s benefits to catch up with the net profits of businesses they work for, according to a former chief of the National Economic and Development Authority (Neda).
THE Philippines, which ranks the third most disaster-prone country in the world, can now immediately liquidate funds to address emergency needs when a crisis occurs.
INBOUND arrivals in the Philippines reached some 1.88 million from January to April 15 this year, with tourists from mainland China and Japan kicking up the largest increases among the country’s top markets.
A SENIOR lawmaker on Sunday welcomed the Senate’s commitment to wrap up panel deliberations on Resolution of Both Houses No. 6 (RHB 6) once Congress resumes next week following the Lenten break.
THE Bureau of Internal Revenue (BIR) has lost its bid to collect P801.30 million in unpaid tax from a property leasing company.
PRESIDENT Ferdinand R. Marcos Jr. has ordered concerned agencies and instrumentalities to intensify government efforts to combat hunger, poverty, and crimes through stronger grassroots engagement.
DESPITE the decline in the number of construction projects nationwide, the peso value of these projects soared in February 2024, according to the Philippine Statistics Authority (PSA).
HOUSE Committee on Ways and Means Chairman Joey Sarte Salceda on Sunday welcomed the recent issuance by President Ferdinand R. Marcos Jr. of an Administrative Order (AO) he expects would alleviate the burden of high food prices on Filipino consumers and provide much-needed support to the domestic agricultural sector.
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