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According to the Philippine Department of Tourism, arrivals from Hong Kong to the Philippines amounted to 118,666 on 2013, a 2.78 percent rise from 2011 figures. Hong Kong is the 9th largest source of visitors visiting the Philippines. Hong Kong saw 659,829 visitors from the Philippines in 2010. [5]
Hong Kong uses a linked exchange rate system, trading since May 2005 in the range US$1:HK$7.75–7.85. Apart from its use in Hong Kong, the Hong Kong dollar is also used in neighbouring Macau. It is pegged at 1 Hong Kong dollar to 1.03 Macanese patacas, and is generally accepted at par or MOP 1.00 for retail purchases. [5]
Congestion in the Cross-Harbour Tunnel. The new toll scheme for Hong Kong's cross-harbour tunnel, also known as the "three-tunnel diversion," is a plan proposed by Hong Kong Chief Executive Carrie Lam in the 2018 Hong Kong Chief Executive's Policy Address to divert traffic from the Cross Harbour Tunnel, Eastern Harbour Crossing and Western Harbour Crossing.
The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen.
Regulation of airports and aviation in the Philippines lies with the Civil Aviation Authority of the Philippines (CAAP). The CAAP's classification system, introduced in 2008, rationalizes the previous Air Transportation Office (ATO) system of airport classification, pursuant to the Philippine Transport Strategic Study and the 1992 Civil Aviation Master Plan. [1]
Hong Kong officially introduced a new series of coin on New Year's Day (1 January) 1993 at stroke of midnight HKT in denominations of 10-cent, 20-cent, 50-cent, HK$1, HK$2 and HK$10. Since the introduction of the Octopus card in 1997, small value payments and purchases in Hong Kong are mostly made as Octopus transactions.
It was the city's first commercial airport and was used by the Philippine Aerial Taxi Company (later Philippine Airlines) for its first domestic routes. [ 17 ] In July 1937, Nielson Airport , located in the 45-hectare (4,800,000 sq ft) land in Makati , also then in Rizal, was inaugurated and served as the gateway to Manila; its runways now form ...