OUTSTANDING public sector debt (OPSD) reached P7.7 trillion as of the first quarter, the government reported yesterday.
THE TOURISM department expects a “remarkable improvement” in tourism revenues this year with the longer stay of tourists in the country, an official from the department told reporters yesterday.
TOURISM stakeholders in Bohol will continue to offer day tours to local and foreign tourists through alternate routes, said a top official from the Department of Tourism (DOT). “It’s business as usual for Bohol although not all roads are passable,” said DOT-Central Visayas regional director Rowena Montecillo in a phone interview Wednesday. “For tourism we are looking into alternate routes in going to the tourism sites.” Bohol is the second most visited destination in Central Visayas after Cebu. Montecillo, who is in Bohol, said that with the cooperation of the private tourism sector, they identified alternate routes in Bohol, particularly for day tour activities. New route She said they also found a new route and a new area where local and foreign tourists can still experience the breathtaking view of the famous Chocolate Hills. “We found a route whose roads are in good condition and passable, though its 20 kilometers farther than the usual route. We also discovered a new tourism site, an adventure park which is supposedly due for launching but given the recent calamity, they will open the site for tourists. It has a mini park and a viewing deck, with 248 steps, for Chocolate Hills,” said Montecillo. Tourists, though, would miss the viewing of century-old churches and the lunch cruise at the Loboc River Floating Restaurant as roads going there are not yet passable and the Loboc River is not yet operational, she said. According to Montecillo, the day tour activity will start in Tagbilaran City going Read More …
THE GOVERNMENT has signed an agreement with a group of Turkish businesses to boost investment ties between the Philippines and Turkey, a statement from the Bases Conversion and Development Authority (BCDA) yesterday said.
PHILIPPINE Crop Insurance Corp. (PCIC) plans to subsidize the premiums of subsistence farmers and fisherfolk in 2014 with its proposed P1.184-billion budget, an official of the state firm said yesterday.
THE MAGNITUDE-7.2 quake that struck Visayas the other day was shocking to say the least, as it decimated centuries-old churches and other structures. It has been compared to the force of 32 nuclear bombs dropped over Hiroshima, Japan during the Second World War.
TACLOBAN CITY — Transportation Secretary Joseph Emilio A. Abaya has said that the cost of developing the Tacloban Airport may be greater than the approved amount.
THE GOVERNMENT will be staging an investment road show in the United States (US) this weekend to attract investors to the Philippines, a Department of Trade and Industry (DTI) official said Friday.
AN ENERGY solutions provider and a dairy products manufacturer seek incentives from the Board of Investments (BoI), according to separate notices in newspapers yesterday.
STATE SUBSIDIES rose by a more than a third year on year in August as the government gave more financial assistance in the month, data from the Bureau of the Treasury showed.