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Sta. Fe, Bantayan Island, Philippines - Marine sanctuaries should be considered part of the income-generating systems of coastal communities as these are also considered as tourism hotspots by the Tourism department.

Tourism Secretary Joseph Ace Durano said creating marine sanctuaries would eventually result to an improved fish catch for fisherfolks, but these can also be seen as “eco-museums” that would educate locals and tourists alike on the importance of the marine ecosystem.

Durano, together with Puerto Princesa City Mayor Edward Hagedorn and Law of Nature Foundation president Tony Oposa, attended the launching of the Filipino-made glass bottom boat at the School of the SEAs (Sea and Earth Advocates) in Barangay (village) Okoy, Sta. Fe, Bantayan Island on Friday. More…

DESPITE rising fuel and food prices, a global savings bank remains confident in the Philippine economy, particularly Cebu’s growth.

John Hickey, GE Money Philippines chief operating officer, said the bank intends to focus more on global growth through emerging markets like the Philippines.

“The Philippines had the strongest growth in 31 years (last year). And in the Philippines, Cebu has the fastest growing (provincial) economy,” he said, citing the province’s tourism and business process outsourcing (BPO) industries. More…