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Balikbayan Magazine Balikbayan Magazine

The Global Business, Investment, & Travel Briefing for the Global Filipino Community

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  • Balikbayan Magazine Quarterly
  • World
    • Asia
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The Economy

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  • The Economy

Making the Most of Your Remittances: How OFW Families Can Optimize Funds

  • July 3, 2024
  • Kendrick Tan
For millions of overseas Filipino workers (OFWs), remittances sent back home are a lifeline that supports families and fuels the Philippine economy. However, managing remittance income wisely is key to…
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  • The Economy

Franchising Fever: The Philippines’ Booming Business Landscape

  • July 3, 2024
  • Joyce Balansag
The Philippines has long been hailed as a hub of entrepreneurial spirit, and in recent years, the country has witnessed a remarkable surge in the franchising industry. As more and…
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  • The Economy

The Philippines joins UNWTO General Assembly as Vice President for East Asia and the Pacific; prestigious global position held again after 24 years

  • October 19, 2023
  • Balikbayan Media Center
SAMARKAND, Uzbekistan– It was a historic day for The Philippines as it shared the global stage with tourism powerhouses at the 25th United Nations World Tourism Organization (UNWTO) General Assembly…
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  • The Economy

The Philippines rises up to rank 56th in the Global Innovation Index 2023

  • October 15, 2023
  • Balikbayan Media Center
The Department of Trade and Industry (DTI) reported that the Philippines rose three notches in the latest Global Innovation Index (GII) 2023 rankings, ranking 56th overall. Over the past five…
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  • The Economy

DTI’s strategic actions presented by Secretary Pascual in strengthening Philippine enterprises

  • October 9, 2023
  • Balikbayan Media Center
On 06 October 2023, Department of Trade and Industry (DTI) Secretary Fred Pascual reported the Department’s key priorities in strengthening enterprises, particularly micro, small, and medium enterprises (MSMEs) at the…
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  • The Economy

PEZA cheers signing of Philippines-South Korea Free Trade Agreement deal as investment approvals increase 180% in September

  • October 6, 2023
  • Balikbayan Media Center
Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga said on Thursday that it is optimistic to receive more investors from South Korea with the signing of the Philippines-South…
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  • The Economy

The Philippines records more than 4M foreign visitors

  • October 4, 2023
  • Balikbayan Media Center
The Department of Tourism (DOT) is optimistic about the Philippine tourism industry’s continuing resurgence post-pandemic, with visitor arrivals to the country breaching the four million mark on September 29, 2023.…
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  • The Economy

More Chinese investments anticipated by PEZA for the Philippines

  • October 1, 2023
  • Balikbayan Media Center
PASAY CITY – Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga said it is positive that more Chinese companies will choose the Philippines as their next investment destination…
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  • Asia
  • The Economy

Philippine investment opportunities highlighted at Milken Asia Summit in Singapore

  • September 20, 2023
  • Balikbayan Media Center
SINGAPORE — Department of Trade and Industry (DTI) Secretary Fred Pascual highlighted the Philippines’ readiness to welcome global investors, emphasizing the nation’s strategic trade policies and investment priorities at the 10th…
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  • The Economy

Philippines’ FIBA hosting boosts hotel occupancy, visitor arrivals

  • September 18, 2023
  • Balikbayan Media Center
MANILA, Philippines – The Philippines recently conquered the hard court with its successful hosting of the FIBA Basketball World Cup 2023. The FIBA Basketball World Cup 2023, which the Philippines…
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  • The Economy

Department of Tourism, Technical Education and Skills Development Authority ink deal to expand tourism education, reinforce tourism training opportunities

  • August 25, 2023
  • Balikbayan Media Center
Manila, Philippines—The Department of Tourism (DOT) and the Technical Education and Skills Development Authority (TESDA) on Thursday (Aug. 24) sealed a five-year formal partnership to expand opportunities for training and…
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  • The Economy

Lawmakers laud tourism initiatives, bat for higher 2024 budget for Department of Tourism

  • August 16, 2023
  • Balikbayan Media Center
QUEZON CITY – The Department of Tourism (DOT) on Tuesday (Aug. 15) expressed its gratitude to the House of Representatives (HoR) Appropriations Committee, after members manifested support to its plans and programs,…
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  • The Economy

Murata Manufacturing to invest JPY 11.2 billion in Batangas plant

  • August 15, 2023
  • Balikbayan Media Center
TANAUAN CITY, BATANGAS — The Philippine Manufacturing Co. of Murata Inc. (PMM), a local manufacturing subsidiary of Japanese electronic parts maker Murata Manufacturing, announced on 01 August 2023 the construction…
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  • The Economy

International Finance Corporation Partners with Bank of the Philippine Islands to Increase Climate Finance, Boosting Green Growth

  • August 12, 2023
  • Balikbayan Media Center
In an effort to grow climate finance in the Philippines, the International Finance Corporation (IFC), a member of the World Bank, has agreed to invest $250 million in a green…
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  • The Economy

The Philippines records Php 286B tourism receipts from January to July; Frasco bares efforts to support tourism in Central Visayas

  • August 12, 2023
  • Balikbayan Media Center
CEBU, Philippines – The Department of Tourism (DOT) foresees a strong recovery for Philippine tourism and expressed optimism in meeting—and even surpassing—industry targets for the year. Tourism Secretary Christina Garcia…
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  • The Economy

Marcos Administration’s prioritization makes tourism among top drivers of economic growth

  • August 11, 2023
  • Balikbayan Media Center
Department of Tourism (DOT) Secretary Christina Garcia Frasco says the ascendance of tourism as among the top drivers of economic development, ranking second for the first 6 months of 2023…
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  • The Economy

Philippine Economic Zone Authority cheers proclamation of 3 new ecozones, total investment approvals up by 332%

  • August 8, 2023
  • Balikbayan Media Center
PASAY CITY – Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga remains positive on the increase of economic zones approval during the term of President Ferdinand R. Marcos…
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  • The Economy

Inbound flights to the Philippines reach record highs

  • August 5, 2023
  • Balikbayan Media Center
Tourism Secretary Christina Garcia Frasco on Wednesday, August 2 bared favorable developments on air connectivity benefiting Philippine Tourism in line with the Marcos administration’s convergence efforts towards the development of…
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  • The Economy

Philippines international tourist arrivals surpass 3 million mark; inbound spending up 502% from last year

  • July 25, 2023
  • Balikbayan Media Center
The Department of Tourism (DOT) reports the Philippines has already surpassed its 3 million international visitor arrivals mark as of July 19, 2023. Latest data from the DOT recorded a…
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  • The Economy

Philippine Tourism Milestones under President Marcos, Jr.’s first year in office

  • July 24, 2023
  • Balikbayan Media Center
Department of Tourism Secretary Frasco optimistic on exceeding industry targets for 2023 Ahead of the 2023 State of the Nation Address (SONA) of President Ferdinand R. Marcos, Jr., Secretary Christina…
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