Bits and Snippets of the Philippines

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Posts Tagged ‘economy

Philippine Tourism Budget Increased for Mindanao

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Colorful vinta sails overlooking Basilan Strait

The former Philippine Tourism Authority (PTA), now called the Tourism Infrastructure Enterprise Zone Authority (TIEZA), has recently reported to allocate more money to develop the tourism industry in Mindanao. The southern region of the Philippines garnered a 35 percent share of the TIEZA budget, up from the usual seven to ten percent the past decade. This was announced by Secretary Luwalhati Antonino, chair of the Mindanao Development Authority (MinDA).

She added that MinDA shall continue in its efforts to secure financing support for the Mindanao initiatives by engaging more public-private partnerships while advocating for a fair share in the national budget. According to the Mindanao 2020 Peace and Development Framework Plan (Mindanao 2020), tourism development “can be a win-win for the economy and environment and must be pursued vigorously through policy reform and public investments. The promotion of the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) as premier ecotourism destination also provides substantial growth potential in Mindanao tourism.

Read more at Minda News

Photo by eric_m.e. at


Written by Raffy Pekson II

September 18, 2011 at 4:25 pm

August 24, 2009 Philippine Economy Update

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About Randell Tiongson:  Randell is an Entrepreneur and a Personal Finance Coach & Educator. He is President & COO of Personal Finance Advisers Philippines Corp. and co-founder of, the country’s premiere personal finance on-line forums. It’s an on-line community that is dedicated to the financial education of Filipinos. It now has over 2,300 members in 1 year’s time. He is also Director of the Registered Financial Planner Institute Philippines (local chapter of RFPI, Ohio, U.S.A.). Randell has 20+ years of experience in the Financial Service Industries – Banking, Mutual Funds & Insurance. He is a columnist for the Business Mirror and a contributor for Moneysense Magazine and UNO Magazine. A featured speaker for educational institutions like the Asian Institute of Management, Ateneo, De La Salle, Mapua University, University of Santo Tomas, La Salle Greenhills; De La Salle University, University of the Philippines and various conferences and companies, he appears as a resource person for various TV shows like TV Patrol, Bandila, Mornings at ANC, Shoptalk, Business Nightly, Light Talk, Sis, Umagang Kay Ganda, etc. Randell has been married for 18 years with 4 children.

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