BusinessMirror June 16, 2019

Page 1

DEPARTMENT OF SCIENCE & TECHNOLOGY

PHILIPPINE STATISTICS AUTHORITY

2018 BANTOG DATA MEDIA AWARDS CHAMPION

BusinessMirror

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Sunday, June 16, 2019 Vol. 14 No. 249

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TOURISTS are seen swimming at Kayangan Lake in Coron, Palawan. Despite the Mexican market’s proximity to the Caribbean region, buyers were interested in the “beaches and exotic islands. Palawan and Bohol are very attractive to them! You show them photos of El Nido and Bohol, and they are amazed,” said Sonia Lazo, managing director of Intas Destination Management Co. MAXIM TUPIKOV | DREAMSTIME.COM

OF M.I.C.E. AND MEXICANS

PHL tourism seen benefiting from Mexico ‘wall’ woes By Ma. Stella F. Arnaldo

T

Special to the BusinessMirror

HE current border issues between Mexico and the United States are forcing many Mexicans, as well as other Latin Americans, to look to other countries for their vacation plans. One of those beneficiaries is the Philippines, judging from the influx of buyers to the Philippines booth at the recent Incentives, Business Travel & Meetings (IBTM) Americas held in Mexico.

“We received an extremely warm reception from the Mexican trade. Generally, they’re now starting to look for ‘exotic’ destinations. Those already doing Asia are looking beyond the usual Thailand, Japan, etc. And those who aren’t still, are now looking at Asia,” said Sonia Lazo, managing director of Intas Destination Management Co., who attended the international travel trade show on May 29 and 30. She added: “Mexicans have been traveling to the US, Canada and Europe. And given the border issues with the US, they’re slowing down on travel to the US.” Jose Clemente, president of Rajah Tours Philippines, reported the same enthusiastic reception

from Latin American buyers. He said distance didn’t even seem to be a factor against the Philippines: “Apparently, it’s the rich who are traveling in droves so they can afford to go to the Philippines. They have the disposable income to travel.”

Easy trip

LAZO averred since the market was already traveling to Japan, “they can easily travel to the Philippines.” Round-trip airfare aboard All Nippon Airways from Mexico to Manila via Tokyo, for instance, costs about $1,500. Other possible carriers servicing the route are Japan Airlines and Eva Air (via San Francisco and Taipei).

This was the first time for the Philippines private sector to participate in IBTM, and included heads of major companies such as Annset Holidays, Corporate International Travel, Intas, Rajah Tours, and Sharp Travel Service. In an interview with the BusinessMirror, Tourism Attaché for the US Southwestern States and Latin America Richmond Jimenez said the Philippines’s participation for the first time was “ripe this year, as well under the leadership of Tourism Secretary Bernadette Romulo Puyat, as the Philippines is making an aggressive approach in promoting the MICE (Meetings Incentives Conferences Exhibits) sector to renew

the country’s image and status as “the premier MICE destination in Asia.” He added, they presented Manila, Cebu, Iloilo, Bacolod and Davao as strategic MICE destinations: “[These] not only offer best tourism products, venues and services, but also have consistently growing economies, which attract investors to build more hotels and meeting facilities.”

‘Amazing’ beaches

IN the first quarter of 2019 alone, there were 6,922 arrivals from Mexico and South America, up 24.6 percent from the 5,556 arrivals in the same period last year. Continued on A2

Tour of China shows a nation girding for protracted trade war By Shawn Donnan

P

tion point,” said Tom Liu, chief executive officer of Shanghai-based data company ChinaScope Financial Ltd. “People are seeing an indefinite trade shock.” And they are planning for it.

Bloomberg News

RESIDENT Donald Trump is eager to crow about the economic weapon he wielded against Mexico to win concessions on immigration: “Tariffs are a great negotiating tool,” he declared on Tuesday. Now, Trump says, it’s China’s turn to cower. Yet, to visit China these days is to encounter the limits of his punch-them-in-the-nose strategy. Even as Trump threatens to raise import duties to painful levels, 10 days of meetings with Chinese officials, academics, entrepreneurs and venture capitalists revealed a nation rewriting its relationship with the US and preparing to ride out a trade war. Trump is seeking to increase

pressure on Xi Jinping, his Chinese counterpart, before this month’s G-20 summit, but Trump may already have pushed too far. Last month Xi exhorted his countrymen to a second Long March, an echo of Mao’s seminal strategy to preserve the communist revolution. What Xi didn’t say was that the new march—this time in the service of China’s own model of capitalism—is already under way. “This is definitely an inflec-

PESO EXCHANGE RATES n US 51.9230

Silent treatment

A WORKER checks on robot arms at a factory in Nanjing in east China’s Jiangsu province, June 6, 2019. China’s Commerce Ministry will release a list of “unreliable” foreign companies in the near future. The new list, announced last week, is widely seen as a response to a US decision to put Huawei Technologies on a blacklist for alleged theft of intellectual property and evasion of Iran sanctions. CHINATOPIX VIA AP

AT Huawei Technologies Co., the telecom giant at the center of the clash, preparations are already on. The US last month labeled Huawei a threat to US national security and placed the company on an export blacklist, cutting it off from suppliers such as Alphabet Inc.’s Google and Intel Corp. Trump has since then dangled the possibility of a resolution to Huawei’s woes being part of a larger trade deal. But Huawei executives say they have had no contact with US authorities and rather than count on a settlement they are shifting supply chains and making other preparations for a prolonged fight. “We have full confidence in our Continued on A2

n JAPAN 0.4791 n UK 65.8228 n HK 6.6331 n CHINA 7.5020 n SINGAPORE 37.9943 n AUSTRALIA 35.8944 n EU 58.5640 n SAUDI ARABIA 13.8450

Source: BSP (June 14, 2019 )


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