Why attend

 

  Change is Coming to Impropve, Develop Philippine Airports

Transportation Secretary Arthur Tugade is eyeing development and construction of at least six airports at the beginning of President Rodrigo Duterte's term. In the short term, the government plans to develop Clark International Airport to address congestion at Ninoy Aquino International Airport, as plans are developed for a brand new international airport.According to Tugade, Clark International Airport has the space and facilities necessary to handle some of the traffic, while the Ninoy Aquino International Airport can still remain useful over the next seven years. "In Clark, you have the space," said Tugade. "The development must be pushed and pushed hard at the Clark International Airport. The remedy for Clark and NAIA is they can co-exist and therefore, they must be improved and developed." The decision to develop the country's two major international airports is earning mass support across the country and in various sectors of government including the Philippine Senate where Senate President Aquilino Pimentel III stated that he would push the Senate to advocate for the development of NAIA and Clark International Airport. According to Pimentel, the nation needs the airports as its main international gateways. He added that NAIA could serve South Metro Manila and Southern Luzon to Bicol, while Clark International Airport can serve North Metro Manila and Northern Philippines. Please refer to http://www.philippineflightnetwork.com/2016/07/tugade-promises-changes-at-philippine-airports.html
 


     

  More and More Investors Focus on Philippine


GMR To Spend Over Rs 4,600 Crore For Philippines, Goa Airport Projects.
Diversified group GMR on Wednesday said it plans to spend $700 million on airport projects in Cebu, the Philippines and Goa in a little over three years. 
Currently, GMR is operating airports in the national capital, Hyderabad and Cebu under different public private partnerships.
"We have plans of spending another $700 million (over Rs 4,600 crore) for Cebu and Goa airports," GMR Airports president (finance and business development) Sidharath Kapur said.
He was speaking at the inaugural session of the Global Airport Development (GAD) conference - which is taking place under the aegis of GMR Airports Ltd and Delhi International Airport Ltd (DIAL)
  please refer to http://profit.ndtv.com/news/corporates/article-gmr-to-spend-700-million-for-philippines-goa-airport-projects-1455775a


     

  Removal of Philippine Travel Tax Proposed

The Department of Tourism is exploring the possibility of removing or reducing the Philippine Travel Tax in an effort to make travel more affordable for Filipinos. At present, Philippine passport holders are assessed a tax of P1,620 for those seated in economy class, while first class passengers are charged P2,700. The tax is imposed on passengers leaving the Philippines irrespective of their destination. Citizens of the Philippines are required to pay the tax, along with foreign passport holders under special circumstances. However, the travel tax does not apply to all Filipinos and there are exemptions for overseas workers and permanent residents of other countries. In addition, a reduced travel tax is available to dependants of overseas Filipino workers. According to Tourism Undersecretary Katherine De Castro, the Department is currently reviewing the travel tax system to identify if there is an opportunity to either reduce the tax or remove it altogether.  "It still needs a lot of review. It's an ambitious part from the end of the DOT," said De Castro in an interview with the Philippine Star. "Travelling in the Philippines is not cheap. If we can't remove it totally, we want to at least lower it."Proceeds of the travel tax are currently split between the Tourism Infrastructure and Enterprise Zone Authority, the Commission on Higher Education, and the National Commission for Culture and Arts. "We're looking at the fact that a percentage of the travel tax goes to the Commission on Higher Education, which is in no way connected to travelling at all," added De Castro. To date, the Department of Tourism has removed the P200 processing fee assessed for the issuance of Travel Tax Exemption and Reduced Travel Tax certificates, which came into effect on July 25. In addition, the Department would like to see the travel tax incorporated into airline tickets similarly to the passenger terminal fee at select airports in the Philippines.
Please Refer to http://www.philippineflightnetwork.com/2016/08/philippine-travel-tax-removal-proposed.html

     

  The Best Airport Event in Philippine
The 2nd Philippine Airport Modernization & Expansion Summit is an exciting new conference and exhibition that is envisaged to become the most influential event focused on Airport  industry in Philippine. With primary focus on Philippine high-growth markets, The 2nd Philippine Airport Modernization & Expansion Summit is where Airport induetry  senior executives, government officials, Investors, technology vendors, and thought leaders will come together to network, launch, discover and build valuable new partnerships.

From market overviews to expansion strategies, and from design to construction, the event will bring the latest innovative thoughts to the heart of airport market, serving as a catalyst for collaboration between Philippine and global investors, technology providers.Hosted by Philippine, fast growing potential market, and brought to you by a highly experienced team, The 2nd Philippine Airport  Modernization & Expansion Summitis critical to solve the up-coming issues that the airports are facing right now.
 
     


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