Tourist arrivals to the Philippines in the first quarter of 2025 reflect both an overall increase in volume and an alarming dip in key source markets. According to the Department of Tourism (DOT), arrivals from South Korea and China fell by 13.9% and a dramatic 33.7%, respectively, compared to the numbers in the first quarter...
Tag: Bohol
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The conglomerate that a ‘sari-sari’ store built
PANGLAO ISLAND, Bohol—A group of companies that grew from a sari-sari store in Bohol’s capital Tagbilaran City has been so dominant in the commercial center business that mall magnates like the Sys, Ayalas, Gokongweis, Gotianuns or Gaisanos have not gained a foothold in the province. Alturas Group of Companies (AGC) is the clear mall king...
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Going local and green to build 50-hectare, mixed-use ‘family dream’
PANGLAO ISLAND—Bohol’s homegrown conglomerate, the Alturas Group of Companies, began as a sari-sari store 50 years ago in the provincial capital of Tagbilaran. Now it is expanding its beach resort here into a 50-hectare, mixed-use estate at a cost of P25 billion. The expansion is a vote of confidence in the prospects of tourism on...