Tourism to inject P6.5bn into economy
Friday, March 27, 2015
According to the World Travel and Tourism Council (WTTC) 2015 report, the direct contribution of travel and tourism to Gross Domestic Product (GDP) in 2014 was P6.2 billion up from P5.2 billion in 2013.
“This is forecast to rise by five percent to P6, 45 billion in 2015. This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services excluding commuter services.
The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...