Philippine passenger air traffic expanded in the first quarter as stable ticket pricing sustained the post-pandemic travel boom, though a subsequent spike in jet fuel costs and record-high fuel surcharges threaten to cool momentum heading into the peak summer season. Data from the Civil Aeronautics...
Even as the rain poured, leaving the narrow path back filled with muddy puddles, we ventured on with our umbrellas, awestruck with what we had witnessed. As expected with any visit to the north, adventure comes with many steps upward. After all, the higher you go, the better the vantage point....
Prolonged conflict in the Middle East would stretch the resources of oil importers like the Philippines and further hurt consumers already reeling from elevated prices, according to think tank Capital Economics. In a May 14 report by its global economics team, Capital Economics said that under an...
Imagine being transported to the deepest realm of your dreams, where you recall the most vivid errors of reality, and waking up to find it all in the real world. This distinct feeling is what it’s like when walking within the Ili-Likha Artist Village. Once you make your way inside, it feels as...
The World Bank warned that the Philippines’ broad-based economic slowdown in the first quarter of 2026 could spill over into weaker household incomes and higher food prices as the country grapples with an escalating energy price shock triggered by tensions in the Middle East. In its latest...
Singapore-based Vena Group is strengthening its role in the Philippines’ ongoing transition to clean energy as it begins development of its two solar projects in Ilocos Norte valued at over ₱24 billion, according to the Board of Investments (BOI). The BOI said the groundbreaking of the Astra...
Passenger traffic in airports operated by the government plunged by 14.5 percent to just over 25 million in 2025 compared to the previous year amid a decline in aircraft movement, according to the Civil Aviation Authority of the Philippines (CAAP). CAAP data showed that passenger volume across...
In the City of Pines, several travel industry members flocked to the Baguio Convention and Cultural Center over the weekend for the Tourism Promotions Board (TPB) Philippines’ Regional Travel Fair (RTF). For its opening day, held on May 15, guests were quick to connect with other travel workers...
The Philippines is planning to ease existing hurdles to trade with Turkey as it looks to encourage investments in the country’s manufacturing and infrastructure sectors, according to the Board of Investments (BOI). In a statement, the investment promotion agency said BOI managing head Ceferino...
Travelers can breathe a slight sigh of relief when booking flights in the second half of May after the Civil Aeronautics Board (CAB) approved lowering the fuel surcharge that airlines collect on airfares by three notches to Level 15. In an advisory on Tuesday, May 12, the CAB approved bringing the...
An off-cycle policy meeting by the Bangko Sentral ng Pilipinas (BSP) could signal to investors that the central bank is falling behind the inflation curve, potentially triggering further market volatility, according to a former senior policymaker. Diwa Guinigundo, a former BSP deputy governor who...
The Board of Investments (BOI) has formalized a tripartite agreement with Sumitomo Mitsui Banking Corp. and Rizal Commercial Banking Corp. (RCBC) to bolster the pipeline of Japanese capital into the country, targeting a broader array of domestic industrial sectors. In a statement on Monday, April...
