Businessmirror october 14, 2017

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The Chinese Tourist:

Hey, Big Spender F

By Roger Pe

or the coming Chinese Lunar New Year, a businessman from Manila is organizing a reunion of his immediate relatives, not from Binondo, but from Fujian, China. This is not going to be the usual gathering of about 10 or 15 people. It is going to reach about a thousand. He was so upbeat he even put up a travel-agency business, catering mostly to tourists in that part of the mainland.

There are approximately 1.5 million Filipinos with pure Chinese ancestry, or around 1.8 percent of the population. Most of them are still in touch with their families in China. If each of them would bring, let’s say, three people, imagine what the figure would be. Close family ties are making many Chinese plan their next clan reunions in the Philippines. There are the Ongs, the Tans, the Liaos, the Pes and many more. Suddenly, the upsurge is very evident and you can see that it is happening.

1.5M

The estimated number of Filipinos with pure Chinese ancestry Chinese tourists are similarly “invading” Paris, London, Rome, New York, Moscow, Athens and other destinations in the world. An international business maga-

Chinese tourists taking pictures at the Manneken Pis statue in Brussels, August 22, 2015. Typhoonski | Dreamstime

zine reports that “over an eightfold increase in the number of overseas trips were made by Chinese travelers—from 10 million, who traveled to other countries in year 2000”. According to the United Nations World Tourism Organization (UNWTO), China was already the top tourist source market in the world as early as 2012. The outbound travelers grew by a doubledigit figure after that. By 2014, it reached 107 million, and the number breached the 120-million mark in 2015, up 16 percent over the

previous year. That was also corroborated by the China Tourism Academy, a research institution under the China National Tourism Administration. The Bank of America Merrill Lynch forecast had said outbound Chinese travelers could number around 174 million by 2019, spending about $264 billion annually. That’s roughly equivalent to the GDP of a developed country like Singapore. In the Philippines, China dislodged the United States for the

second spot, registering 90,763 and 86,017 arrivals, respectively. Korea remained the country’s biggest market, registering 132,135 arrivals for the first six months of the year. Bang the gong. Beijing apparently is making good its promise to send more tourists to the Philippines. The sharp increase of arrivals from China—a 76.48-percent growth from January last year— was worth P8.89 billion. “We are now seeing the fruits of our country’s effort in reaching out

to China. Doors to more economic opportunities and people-to-people exchanges are wider now. Ties between Manila and Beijing have seen a new day,” according to Tourism Secretary Wanda Corazon Teo.

‘Ni Hao’ from China

Chinese overseas travelers make up a sizeable group of consumers, acclaimed as the world’s largest and “most favorable spenders”. They spent $164.8 billion overseas in 2014, a fourfold increase over year Continued on A2

Duterte’s ratings drop: Is the ‘teflon’ peeling off?

I

By Elijah Felice Rosales

cause his major focus “is being able to set the clear foundations for what he calls a comfortable life for all.”

t would normally take just hours for Malacañang to issue a statement on the findings of a survey conveying the people’s trust and satisfaction on President Duterte. However, when the latest survey showed that the President’s ratings plunged, it took Palace factotums one long day before making a statement on it. Presidential Spokesman Ernesto C. Abella would later say that the drop in ratings is acceptable, as the “honeymoon period” between the President and the people is over. “This is a question of managing expectations,” Abella said in a news briefing on Monday. “That some people during this

particular honeymoon period, their expectations were high, and the actual wait for the implementation of these things may have led to the dip. However, people are, in general, still satisfied,” Abella stressed. Abella also said Duterte “is not running a popularity contest” be-

PESO exchange rates n US 51.3850

The ‘sway’

THEN-Mayor Rodrigo Duterte poses for a selfie with a supporter after voting in a polling precinct in Davao City during presidential elections on May 9, 2016. AP/Bullit Marquez

The President’s spokesman noted that the survey was conducted within a period of when a series of protests was conducted by critics of the administration, suggesting the demonstrations might have swayed public mood. Instead of mainly shoving off the results of the survey, the Chief Executive listens to the clamor of the people, Abella said. He added the drop in ratings should also send a wakeup call to key officials of the administration to deliver the reforms the President had promised. “In other words, there was a dip, and that’s to be appreciated. That’s certainly a challenge to the government in order to be able to deliver the full range, the full spectrum of public services,” Abella said. See “Duterte,” A2

n japan 0.4577 n UK 68.1571 n HK 6.5814 n CHINA 7.7978 n singapore 38.0038 n australia 40.1779 n EU 60.7987 n SAUDI arabia 13.7023

Source: BSP (13 October 2017 )


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