Chinese Visa Applicants to Visit the Philippines Jumps up to 250%

IMPROVED RELATIONS. Ties between the Philippines and China strengthen following President Rodrigo Duterte's state visit to Beijing in October 2016. Rappler file photo

Visa applications of Chinese to PH surge by 250%

The number of Chinese applying for a tourist visa to the Philippines rises to 1,400 daily

With the country's friendlier ties with China, more Chinese tourists are coming to the Philippines.

The chief of the National Economic and Development Authority (NEDA) revealed on Thursday, January 26, that the number of Chinese applying for a tourist visa to the Philippines has surged by 250% to 1,400 daily.

"We were informed in China by the Philippine Embassy that applications for visa to the Philippines has really shot up from 400 a day now it's about 1,400 a day, meaning that Chinese tourists are going to be coming in groves starting with the warming of relations and at least throughout the Duterte administration and hopefully beyond," NEDA Director-General Ernesto Pernia said in a briefing.

Pernia attributed this to the improved diplomatic relations between the Philippines and China since Duterte's state visit to Beijing in October 2016, leading to the lifting of Chinese restrictions on travel to the Philippines.

Latest available data from the Department of Tourism (DOT) show China is the 3rd largest contributor of foreign visitors to the country, totalling 630,327 in November 2016, trailing behind Korea's 1,331,701 and the United States' 771,849. (READ: IN NUMBERS: Philippines-China relations)

Chinese Ambassador to the Philippines Zhao Jianhua had said in a statement that he expects one million tourists from China to visit the Philippines in 2017.

Philippine Tourism Secretary Wanda Teo said Zhao's forecast is consistent with the DOT's goal to attract at least 7 million international visitors this year.

More infra partnerships

Aside from the rising number of Chinese tourists in the country, another effect of the improved ties between the Philippines and China is the increased loan assistance for several infrastructure projects. (READ: Ties with China to fill infra spending gap, pose risk to PPP)

A Philippine delegation led by Finance Secretary Carlos Dominguez III has submitted a total of 40 "large and small" infrastructure projects to China for possible loan financing and assistance in conducting feasibility studies. Further talks on these proposals will take place in Manila in February.

Dominguez said the meeting of the high-level Philippine team with officials of China's Commerce Ministry was a "productive first step towards achieving the desire of (Duterte and Chinese President Xi Jinping) in further reinforcing ties between the two countries."

Of the 40 projects, 15 are being proposed for loan financing, while another 25 are for feasibility study support.

Because of this policy direction, Philippine contractors are eyeing up to $100 billion worth of infrastructure deals with Chinese companies. – Rappler.com

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Philippines Ranks 2nd Asia's Fastest Economiic Growth in 2016

The Metro Manila skyline with its towering commercial and residential buildings, depicts a photo of continued economic progress. (Photo by Jacqueline Hernandez) | Manila Bulletin

PH now Asia’s 2nd fastest-growing economy, expands by 6.8% in 2016

The Philippine economy advanced 6.6 percent in the fourth quarter of 2016, on the back of higher investment and consumption, bringing the full-year growth to 6.8 percent.

Last year’s gross domestic product (GDP) growth rate makes the country the second fastest growing major Asian emerging economy, with China growing at 6.7 percent.

National Economic and Development Authority (NEDA) Director General Ernesto Pernia said this is near the high-end of the government’s target of 6 to 7 percent growth rate for 2016.

While the U.S. and the European Union have criticized President Rodrigo Duterte’s deadly drug war and investors have balked at his anti-U.S. rhetoric, his ambitious $160 billion infrastructure plan and push for greater investment is strengthening the growth outlook.

According to NEDA, expansion in investments grew by 15 percent. Public investment through public construction expanded by 23 percent, faster than the 20.1 percent growth in the third quarter.

Private consumption also thrived to 6.3 percent in the fourth quarter, though slower than the third quarter. The growth has been attributed to high consumer confidence, modest inflation and interest rates, and improving labor market conditions.

The World Bank forecast expansion will exceed 6 percent until 2019, among the fastest growth in the world this decade. (With a report from Bloomberg and Manila Bulletin)

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