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PH eyes aviation investments in Singapore Airshow
The government aims to attract investments for the Philippines’ aviation sector at the upcoming Singapore Airshow, aiming to position the country as a travel and trading hub in Asia-Pacific and a starting point for North America, a senior official of the Department of Transportation said on Friday. Transportation Undersecretary Roberto Lim highlighted the importance of.....»»
Government to pitch Clark as new aviation hub
The Philippines will pitch Clark International Airport as the next Asian hub for aerospace investments in one of the largest aviation events this year......»»
Charting-the-Future-of-Aviation-at-Singapores-Second-Changi-Aviation-Summit
Source: ICAO.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Feb. 15
COLOMBO -- Sri Lanka's Ports, Shipping and Aviation Minister Nimal Siripala de Silva on Thursday announced the signing of a direct air service agreement between Israel and Sri Lanka. Speaking at a press briefing at the President's Media Center, the minister said the agreement marks the beginning of direct flights between Israel and Sri Lanka, which would enhance passenger convenience. (Sri Lanka-Israel-Aviation).....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Feb. 15
COLOMBO -- Sri Lanka's Ports, Shipping and Aviation Minister Nimal Siripala de Silva on Thursday announced the signing of a direct air service agreement between Israel and Sri Lanka. Speaking at a press briefing at the President's Media Center, the minister said the agreement marks the beginning of direct flights between Israel and Sri Lanka, which would enhance passenger convenience. (Sri Lanka-Israel-Aviation).....»»
Next round of proxy war
Back from their month-long recess, our lawmakers of the 19th Congress resumed their sessions last Monday......»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
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.....»»
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.....»»
Government t sees more revenue from e-cigarette taxes
The domestic electronic cigarette and vape industry are expected to contribute in hitting the government’s revenue collection goal, as players are urged to pay the right taxes amid Filipinos’ shift to alternative smoking......»»
Philippines launches campaign to boost halal industry
MANILA, Jan. 23 (Xinhua) -- The Philippines on Tuesday launched a four-year plan to boost the halal industry, hoping to turn the country into a leading halal hub in the Asia-Pacific region by 2028. Philippine Trade and Industry Secretary Alfredo Pascual said the Philippine Halal Industry Development Strategic Plan "aspires to establish the Philippines as a customer-focused, collaborative, comprehensive, and comp.....»»
Philippines launches campaign to boost halal industry
MANILA, Jan. 23 (Xinhua) -- The Philippines on Tuesday launched a four-year plan to boost the halal industry, hoping to turn the country into a leading halal hub in the Asia-Pacific region by 2028. Philippine Trade and Industry Secretary Alfredo Pascual said the Philippine Halal Industry Development Strategic Plan "aspires to establish the Philippines as a customer-focused, collaborative, comprehensive, and comp.....»»
BIR doubles down on vape industry
The Bureau of Internal Revenue is ramping up efforts to monitor the vape industry after scoring a major win in a P1.2-billion tax evasion case......»»
Upson income drops despite record revenue
Listed IT products retailer Upson International Corp. posted record high revenue in 2023 but lower gross margin and higher expenses dragged down profit for the year......»»
A glance at government s windfall from SMC’s NAIA takeover
The winning bid of the San Miguel Corp.-led consortium for the Ninoy Aquino International Airport translates to a government revenue share of P911.1 billion over a 25-year period, significantly higher than the other bidders’ revenue share offer of between P342.1 billion and P416.9 billion over the same period......»»
Correction over collection
Secretary Ralph Recto has reportedly “ordered” the Bureau of Internal Revenue and the Bureau of Customs to work together in order to achieve the revenue collection target of P4 trillion-plus for 2024......»»
Cebu Landmasters reports P6.235 billion revenue for Q1 2024
During the annual stockholder’s meeting on Friday, Jose Franco Soberano, the firm’s senior executive vice president, said that the company's first-quarter revenue in 2024 surged by 31%, reaching P6.235 billion from P4.777 billion last year......»»
Internal revenue stamps for vape products mandatory by June
Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. reminded the public that internal revenue stamps will be mandatory for all imported and locally manufactured vape products in the market by June 1, 2024, as stated in Revenue Memorandum Circular 59-2024......»»
Philippine IP body warns of revenue loss due to online piracy
The Intellectual Property Office of the Philippines (IPOPHL) on Tuesday said online piracy has been causing revenue losses for the country, and that it would cost more if it remains unaddressed......»»
Philippines wraps ITB Berlin with P489-M projected revenue
The Philippines concluded its participation in the Internationale Tourismus-Börse (ITB) Berlin 2024 in Germany last month, drumming up sales leads with projected revenue amounting to over P489 million......»»