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News and Events

In Which Regions and Cities Do Food and Accommodation Businesses Earn the Most?

Average gross profit per establishment ranges from Php1.5 million to Php15 million

Food and accommodation establishments in the Philippines earned an average gross profit (income less expenses) of Php9.6 million in 2015, according to the Philippine Statistics Authority (PSA).But restaurant, bar and hotel owners as well as caterers in Metro Manila earn more compared ...

by Pauline Macaraeg  | September 05, 2017 10:00:00
News and Events

How Much Money are Restaurants, Bars and Caterers Making on Average?

Before putting one up, take a look at the latest numbers from the Philippine Statistics Authority

Each year, the Philippine Statistics Authority (PSA) conducts the Annual Survey of Philippine Business and Industry (ASPBI), which gathers data on close to 40,000 formal business establishments that employ at least 10 workers in the country. The latest survey, which includes 18 ...

by Pauline Macaraeg  | August 24, 2017 04:00:00
News and Events

Lost income opportunities in Subic, Olongapo from ban on US troops to enjoy R&R during Balikatan 2015

Local governments and businesses in Subic and Olongapo in Zambales are lamenting about lost revenues due to an order prohibiting American soldiers to enjoy rest and recreation during Balikatan 2015.

The annual Balikatan joint military exercise between Filipino troops and their American counterparts has formally commenced on Monday (April 20). But this time, the US soldiers (some 6,000 of them, up from 2,500 last year) who are participating in the activity are ...

by Entrepreneur Staff  | April 21, 2015 02:00:00