Month: November 2016

Incentive rules out for tourism zones

THE BUREAU of Internal Revenue (BIR) has released long-awaited rules for the grant of tax perks to tourism-oriented investors up to 2019, providing support for a sector that the government has tagged as a pillar of economic growth. BIR Revenue Regulations No. 7-2016,...

Cafes and cruises: PH formula to bringing in tourists

The Philippines attracted 5.36 million foreign tourists in 2015, each one staying here an average of 10.5 days. The country earned some P227.62 billion in revenues, a 6-percent increase from the previous year. Samie Lim, vice president for tourism and retailing of the...

NEDA Board approves seven more infrastructure projects

The National Economic and Development Authority (NEDA) Board approved seven more projects during its second meeting in Malacañang on Monday. Socioeconomic Planning Secretary Ernesto Pernia, in a text message to reporters, sent the list of projects approved and...

Tourism masterplan underway

TAGAYTAY, Philippines – The Department of Tourism (DOT) will present the draft of the country’s tourism masterplan for the next six years by the middle of the month. Alma Rita Jimenez, Tourism undersecretary for Regulation, Coordination and Resource Generation, said...

Tourism reliant on contractual, project-based workers

MANILA, Philippines – Tourism – one of the key industries in the country with strong employment generation potential – still relies heavily on contractual and project-based workers, according to an industry profile released by the Philippine Statistics Authority...