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Diving tourism contributes 1.3 bln USD to Philippine economy in 2023

MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 24th, 2024

Diving tourism contributes 1.3 bln USD to Philippine economy in 2023

MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»

Category: newsSource:  manilanewsRelated NewsFeb 24th, 2024

Philippine agriculture loses over 103 mln USD due to El Nino

MANILA, May 9 (Xinhua) -- The El Nino dry spell and drought damage to Philippine agriculture has reached 5.9 billion pesos (103 million U.S. dollars), Philippine President Ferdinand Romualdez Marcos said Thursday. Marcos added that at least 3.6 million Filipinos across the country have been affected by the El Nino phenomenon. While the Philippines copes with the sweltering weather, the Southeast Asian cou.....»»

Category: newsSource:  manilanewsRelated NewsMay 10th, 2024

SM Prime rethinking 2024 SM REIT listing plans

Property developer SM Prime added to concerns that it might delay the IPO of its monster $1 billion REIT when one of its directors, Hans Sy, said that the company’s cashflow is “very strong”, and that while he’s “not ruling [an SM REIT IPO] out this year”, he doesn’t yet see a “purpose” to “immediately go into an IPO”......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2024

DepEd to extend SHS voucher program for current Grade 11 students

MANILA, Philippines — The Department of Education (DepEd) on Tuesday said it will be extending its voucher program to currently enrolled Grade 11 students in State Universities and Colleges (SUCs) and Local Universities and Colleges (LUCs) to prevent displacement of learners. DepEd made the pronouncement after earlier announcing that there would be no more Grade.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2024

LGU loans more than tripled in H2

The proposed domestic borrowings of local government units (LGUs) more than tripled to P48.9 billion in the second half of 2023 from P15.8 billion in the same period in 2022, the Bangko Sentral ng Pilipinas (BSP) reported......»»

Category: financeSource:  philstarRelated NewsApr 14th, 2024

Foreign investment pledges more than double

Foreign investment pledges approved by investment promotion agencies surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

One more for Gilas pool

Gilas coach Tim Cone has added two players to the Gilas pool from which to choose who will suit up for the country in the coming international competitions starting with the FIBA Olympic Qualifying Tournament in Latvia on July 2-7. Cone initially named 12 to the pool but later decided to expand the list to 14 to cover for injuries or other reasons that may make some players unavailable......»»

Category: sportsSource:  philstarRelated NewsApr 7th, 2024

Capitation rate for PhilHealth s Konsulta package raised; new screening services added

The board of directors of the Philippine Health Insurance Corp. approved on Wednesday an increase in the capitation rate for its outpatient benefits package called Konsulta, along with the inclusion of more screening services......»»

Category: newsSource:  philstarRelated NewsMar 14th, 2024

PDEA gets 4 more K9 dogs

The Philippine Drug Enforcement Agency got an added boost to its operational capabilities with the acquisition of four narcotics detection dogs on Wednesday......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Oscar for best casting to be dished out beginning 2026

It will be the first competitive new golden statuette added to Hollywood's most important award show in more than two decades......»»

Category: entertainmentSource:  philstarRelated NewsFeb 9th, 2024

More offline Valorant events expected in first half of 2024

Riot Games Philippines has showcased a new weapon added to Valorant's standard weapons since the game launched back in 2020......»»

Category: sportsSource:  philstarRelated NewsJan 25th, 2024

PATAFA aims for more slots

World No. 2 pole vaulter EJ Obiena won’t be the only Philippine representative from athletics in this year’s Paris Olympics as at least one female will be added to the cast under the universality rule......»»

Category: sportsSource:  philstarRelated NewsJan 15th, 2024

SM in no rush to tap $3 billion EMTN

The SM Group of the Sy family is in no hurry to tap its recently established $3 billion multi-issuer European Medium Term Note (EMTN) program......»»

Category: financeSource:  philstarRelated NewsMay 19th, 2024

DBM releases P3.7 billion education assistance for college scholars

The Department of Budget and Management has released P3.74 billion for an education scholarship program that will benefit nearly 250,000 Filipino learners......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2024

SMC to raise P20 billion from bond issuance

Diversified conglomerate San Miguel Corp. intends to raise P20 billion from the offering of the remaining tranche of its bond program......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

BTr raises P120 billion from T-bond sale

The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»

Category: newsSource:  philstarRelated NewsMar 26th, 2024

Abalos: P21 billion drugs seized since BIDA’s start in 2023

At least P21 billion worth of illegal drugs were confiscated since the start of the government’s  BIDA or Buhay Ingatan, Droga ay Ayawan flagship program last year, Interior Secretary Benjamin Abalos Jr. said yesterday......»»

Category: newsSource:  philstarRelated NewsMar 24th, 2024

PBCom eyes P2 billion from new bond issue

The Philippine Bank of Communications is looking to raise at least P2 billion, with an option to oversubscribe, from the first tranche of its new peso bond program......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

P12 billion cash aid to rice farmers fully distributed by June – Department of Agriculture

The Department of Agriculture (DA) targets to complete the distribution of P12.09 billion cash assistance to nearly 2.4 million rice farmers by the end of the first half after the program was hindered by last year’s election ban......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024