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Philippine tourism shines in 2024

The Department of Tourism (DOT) has hailed 2024 as an "exceptional" year for Philippine tourism, surpassing pre-pandemic figures in terms of tourism receipts. During a...

Bureau of Immigration reports record-breaking holiday travel

The Bureau of Immigration (BI) reported a significant surge in traveler numbers during Christmas Eve and Christmas Day, with nearly 190,000 passengers processed at...

SM to invest more in RE, logistics; faces 2025 with cautious optimism

The SM Group said it will continue to invest in promising ventures such as renewable energy and logistics to foster economic growth even as...

IATA forecasts modest profit growth for 2025 amid continuing challenges

The International Air Transport Association (IATA) has released its financial outlook for 2025, projecting a slight improvement in profitability despite persistent cost and supply...

Tightened global supply/demand balance on ship rerouting – report

Despite the fastest growth in supply and fleet since 2010, the supply/demand balance tightened in 2024 as ships have been rerouted to longer Cape...

Philippines, South Korea enter new era of economic partnership

The South Korea-Philippines Free Trade Agreement (FTA) is set to officially take effect on December 31, as announced by the Korean Embassy in Manila...

Lion Air leads SEA despite reduced capacity; Air Asia, Cebu Pacific show significant growth

Despite a 6% reduction in capacity this month compared to December 2023, Lion Air remains Southeast Asia’s largest carrier, accounting for 7% of the...

November car sales disappoint

Despite unflattering sales performance in November, year-to-date motor vehicle sales in the Philippines managed an 8.8% increase reaching to 425,208 units sold compared to...

Customs revises rates for airport temporary warehouses

Stakeholders should prepare for increased charges as the Bureau of Customs (BOC) has issued revised rates for service, storage, and ancillary charges on goods...

ICTSI secures 25-year extension to operate Mindanao Container Terminal

Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to operate and...

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