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The Department of Tourism (DOT) reported that visitor arrivals to the Philippines have reached the 2 million mark and accounted for more than P100 billion in estimated visitor receipts since the country’s relaxation of border restrictions to foreign tourists last February 10, 2022. “Our latest figures have reached well beyond the 1.7 Million tourist projections […]
The strategic goods export authorizations issued by the Department of Trade and Industry – Strategic Trade Management Office (DTI-STMO) last year was able to generate $4.5-B in revenue, a significant increase as compared to the previous year’s export value of $3.6-M which was based on reports submitted by exporters to the DTI-STMO. Exports of information […]
Senator Grace Poe urged the government’s economic team to “walk the talk” and ensure that prices of pork and rice are kept affordable for ordinary citizens after it recommended tariff cuts that could also spell lost revenue. “Our people expect the government’s economic team to live up to their avowed tenet of fiscal responsibility by […]
The chairman of the House Ways and Means Committee is urging the Philippine Charity and Sweepstakes Office (PCSO) to digitize its products to continue generating revenues amid the quarantine restrictions being enforced because of COVID-19. During the lottery agency’s briefing with the House panel, Albay Representative Joey Salceda said PCSO’s revenues declined from P44 billion […]
The country’s tourism industry has generated some P245 billion in receipts from international visitors during the first six months of the year 2019, the Department of Tourism (DOT) said. The corresponding total receipts from the six-month arrivals increased by 17.57 percent from the half-year gross revenues in 2018. Data provided by the DOT Statistics, Economic […]
Senator Koko Pimentel III on Monday said he was planning on summoning officials of the Bureau of Customs (BOC) to explain and account for the “slower movement and longer delays” in the release of merchandise arriving at the Port of Manila, additionally noting that the port’s inefficiency is causing the economy billions of pesos in […]