Month: December 2017

Broadcasting firm diversifying into hotel, resort business

Radio broadcasting group Manila Broadcasting Co. (MBC) is diversifying into the hospitality and leisure estate business by taking a controlling interest in affiliate Elizalde Hotels and Resorts Inc. (EHRI). In a disclosure to the Philippine Stock Exchange yesterday,...

BIR lists taxes on offshore gaming

Philippine offshore gaming operations (Pogo) licensed by the state-owned Philippine Amusement and Gaming Corp. will be slapped a number of taxes in a bid to lessen foregone revenues from such activities, the Bureau of Internal Revenue said. Under Revenue Memorandum...

Tourism sector urged to focus on high-spending tourists

MANILA, Philippines — The Department of Tourism (DOT) should focus on attracting higher spending tourists rather than emphasizing the number of arrivals in 2018, an industry expert said. “The tourism sector should start putting more emphasis on the spending of...

Manila Jockey Club, Megaworld team up for San Lazaro hub upgrade

Premier horse racing club Manila Jockey Club Inc. is bolstering its property development pipeline by teaming up with tycoon Andrew Tan-led Megaworld Corp. to develop the remaining 1.67-hectare land in its former home in Sta. Cruz, Manila, into a new residential and...