5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

International visitor arrivals approaching 4M

by
September 3, 2025
in Stock
0
International visitor arrivals approaching 4M
REUTERS

THE Department of Tourism (DoT) said international arrivals were just under 4 million as of Sept. 1.

“The country welcomed a little under 4 million as of Sept. 1,” DoT Secretary Ma. Esperanza Christina G. Frasco told BusinessWorld on the sidelines of a House budget hearing on Tuesday.

The 4 million mark is equivalent to 67% of the 5.95 millioninternational tourist arrivals recorded last year.

In the first eight months, Ms. Frasco said 880,000 arrivals were from South Korea, a source market which she described as declining, but added that the declining Korean market is affecting many destinations.

“While we understand the concerns pertaining to the decline, we wish to highlight that the decline is not isolated to the Philippines,” she said.

She noted the 17% decline in South Korean arrivals to Thailand, 7% to Cambodia, and 2% to both Singapore and Vietnam.

“The trend of reduced Korean arrivals is not isolated to the Philippines but is spread out across the Association of Southeast Asian Nations (ASEAN),” she added.

When asked how the department is addressing issues related to the safety of Korean nationals, she said that the department is working with the Department of Interior and Local Government and the Philippine National Police (PNP) to request a greater police presence.

“I understand that the result of these discussions has been that the PNP has deployed an increased number of police specific to the National Capital Region and the areas where the crimes have transpired,” she added.

The DoT has also proposed to Malacañang a plan to form a national task force on tourist safety.

“We are also currently working with the Korean Embassy and the Korean community to express (our readiness) to collaborate and ensure that we give priority to the safety of our guests, including tourists,” she said.

“That being said, we have trained and continue to train tourist police across our destinations, with over 8,000 tourist police having already been trained by the DoT under our Tourist-Oriented Police for Community Order and Protection program,” she added.

Under the National Expenditure Program for 2026, the DoT and agencies under its umbrella have been allocated funding of P3.718 billion.

During the DoT’s budget hearing, legislators expressed support for more funding, noting the industry’s 8.9% contribution to the economy last year, valued at P3.86 trillion.

The DoT has also highlighted growing domestic tourism, which is projected to generate $70 billion this year, after a contribution of about $63.4 billion a year earlier.

“We welcome the manifestations made by our members of Congress to support the DoT programs and initiatives, because tourism is the best investment for our economy and for our people. It employs millions,” Ms. Frasco said.

“We are very pleased that the House of Representatives has received our proposals for budget allocations quite positively and has voiced their support for the necessity of ensuring sufficient funding for the Department of Tourism,” she added. — Justine Irish D. Tabile

Previous Post

Agri dep’t calls for more support for tuna industry

Next Post

BIR collections miss target for first 8 months

Next Post
BIR collections miss target for first 8 months

BIR collections miss target for first 8 months

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    DPWH pauses local project bidding

    DPWH pauses local project bidding

    September 3, 2025
    DoF asks Congress to prioritize key tax reforms

    DoF asks Congress to prioritize key tax reforms

    September 3, 2025
    Council OKs stricter approval process for flood control projects

    Council OKs stricter approval process for flood control projects

    September 3, 2025
    WESM rates rose in August on plant outages

    WESM rates rose in August on plant outages

    September 3, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.