Blogger Sass Sasot, in a Facebook post on July 1, pointed out that at least six of the clips featured in the “Love The Philippines” campaign video are not located in the Philippines and were sourced from a stock video footage site including the rice terraces in Indonesia. SCREENGRABBED FROM DOT’S ‘LOVE THE PHILIPPINES’ VIDEO

DOT ends contract with advertising firm over video blunder

Business Panay News -
THE Department of Tourism (DOT) has terminated its contract with DDB Philippines, the advertising firm behind the viral video on the "Love the Philippines"...
Foreign demand helped the growth of the manufacturing sector last May, which also grew in June. PNA FILE PHOTO

PH posts moderate manufacturing score in June

Business Panay News -
THE S&P Global Manufacturing Purchasing Managers’ Index (PMI) reported a moderated growth for the Philippines’ manufacturing sector in June this year. In its monthly manufacturing...
BARCELON

PCCI seeks extension of pandemic-era tax cuts

Business Panay News -
THE Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, is appealing to the government to extend the validity of the...
Travelers arrive at the Ninoy Aquino International Airport Terminal 2 in Pasay City. JONATHAN CELLONA/ABS-CBN NEWS PHOTO

New NAIA terminal assignments start July 1

Business Panay News -
ANOTHER set of new terminal assignments at the country’s primary gateway was implemented beginning Saturday, July 1. All domestic flights of AirAsia and Royal Air...
People walk on the street in New Taipei City, Taiwan. EPA-EFE/RITCHIE B. TONGO/FILE PHOTO

Taiwan extends visa-free entry for Filipinos until July 2024

Business Panay News -
TAIWAN has extended for another year its visa-free entry policy for the Philippines, starting from Aug. 1 to July 31, 2024. The announcement was made...
The increase in digital payments’ share in overall retail transactions in 2022 was mainly driven by person-to-business merchant payments. PHOTO COURTESY OF PYMNTS.COM

Digital payments share in retail transactions rose in 2022

Business Panay News -
THE share of monthly digital payments in total monthly retail transactions saw a year-on-year increase in 2022, according to the latest e-payments data of...
The World Bank says improving access to markets will help farmers and fisherfolk in rural areas raise their incomes and elevate their standards of living. PNA FILE PHOTO

World Bank OKs $600-M loan to boost farmers’, fishers’ income

Business Panay News -
THE World Bank on Friday, June 30, approved a USD600-million loan to further increase the market access and income of almost half a million...
National Irrigation Administration was the biggest recipient of budgetary support anew, amounting to P4.22 billion. Photo shows the Bureau of the Treasury. PNA FILE PHOTO

Nat’l gov’t provides P7.3-B subsidies to GOCCs

Business Panay News -
THE national government's subsidies for government-owned and controlled corporations (GOCCs) amounted to P7.38 billion in May this year. Data from the Bureau of the Treasury...
Loans extended by pawnshops rise especially during the pandemic since the industry serves as an immediate source of funds for borrowers. The Bangko Sentral ng Pilipinas said pawnshop loans rose by P4 billion in 2021. BSP PHOTO

BSP sees inflation easing within 5.3%-6.1% range

Business Panay News -
INFLATION rate is seen to continue its downtrend for the fifth straight month in June, according to the latest projection by the Bangko Sentral...
Department of Energy (DOE) secretary Raphael Lotilla said the government is ramping up efforts to diversify the country's energy sources, including nuclear energy. Photo shows the Bataan Nuclear Power Plant. PNA FILE PHOTO

Gov’t vows to double efforts to diversify energy sources

Business Panay News -
THE Department of Energy (DOE) yesterday said the government is ramping up efforts to diversify the country's energy sources. "On the part of the Philippines,...
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