Month: September 2016

What’s going to happen to OTAs in 2017?

With digital technology rapidly evolving every year, it’s hardly surprising that the Internet has become the dominant source of bookings in the hospitality industry. Online travel agencies seem to have especially benefitted from the growth of these platforms. And...

‘Wage hike would cost firms P166 billion’

Coupled with other costs, such as remuneration for time not worked, bonuses and gratuities, payments in kind, housing and others, the amount of additional expenses would balloon to P166 billion, Ecop said. “Fifty-six percent of the total will be borne by MSMEs. If the...

BIR revenue regulation sought to stem tourism investment losses

THE Tourism Infrastructure and Enterprise Zone Authority (Tieza) is looking to launch more tourism enterprise zones (TEZs) to further expand the destination options of foreign and local travelers in the Philippines, and give more economic benefits to locals in those...

DTI pushes extension of income tax holiday

Trade Secretary Ramon Lopez has urged the Department of Finance to consider extending the income tax holiday from the current four years, as part of the new administration’s thrust to “modernize” the fiscal incentive regime. Doing so will help make the Philippines...

ECOP seek recalibration in win-win plan vs ‘endo’

MANILA, Philippines – The Employers Confederation of the Philippines (ECOP) is calling for the government to recalibrate its proposal to end labor contractualization and end-of-contract or “endo” schemes to make it a true “win-win” solution. ECOP president...