Month: August 2016

Doing business in Asia getting easier

SETTING up a business in the Asia Pacific, including the Philippines, has become easier as it now takes half the time to do so compared to about a decade ago, according to the findings of the Asia Pacific Economic Cooperation (Apec). This was based on the assessment...

Calata expects to obtain Pagcor license in 2017

FARMING products distributor Calata Corp., which is embarking on a major diversification into property development, expects to secure a gaming license from the stateowned Philippine Amusement and Gaming Corp. (Pagcor) to proceed with a P65-billion integrated gaming...

Megaworld investing P8.5b on hotels

Megaworld Corp. is investing P8.5 billion to expand its own two hotel brands, namely Savoy and Belmont, in key cities across the country. Megaworld said in a disclosure to the stock exchange it would spend P5 billion to build three Savoy Hotel in Boracay, Manila and...

DOT expresses concern over budget cut

MANILA, Philippines – A tourism official has expressed concern over the reduction in the Department of Tourism’s budget for 2017 despite the agency’s target to boost the number of tourists to the country. Tourism Undersecretary for Advocacy and Public Affairs...

Robinsons ties up with Japan’s Xymax

MANILA, Philippines – A partnership between Robinsons Land Corp. and Karaksa Hotels of Japanese firm Xymax Corp. is hoping to take advantage of the growing Filipino tourism market in Japan. Filipino visitors registered the highest growth rate among tourists in...