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Nautical tourism, also called water tourism, is tourism that combines sailing and boating with vacation and holiday activities. It can be travelling from port to port in a cruise ship , or joining boat-centered events such as regattas or landing a small boat for lunch or other day recreation at specially prepared day boat-landings.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
Agrotex Gensan Economic Zone: Barrio Tambler, General Santos: Agrotex Commodities, Inc. R-XII: 11 AJMR Agro-Industrial Economic Zone: AJMR Port Complex, Km. 20 Tibungco, Davao City: AJMR Port Services Corporation: R-XI: 8.96 Balo-i Agro-Industrial Economic Zone: Brgy. Maria Cristina, Baloi, Lanao del Norte: Balo-i Industrial. Inc. R-X: 13.9 ...
The 2017 Travel and Tourism Competitiveness Report of the World Economic Forum ranked the Philippines 79th out of 136 countries overall. The country's best-rated features were price competitiveness (22nd) and natural resources (37th). [11] The tourism industry employed 3.8 million Filipinos, or 10.2% of the nations employment, in 2011. [12]
In 2017, the marine park was named Best Theme Park in the inaugural edition of the United Stars Events and Exhibitions Corp.-organized Philippine Tourism Industry Awards in 2017. [ 5 ] The SBMA seized undeveloped portions of land owned by SBME, including land meant for future development of Ocean Adventure in October 2019. [ 6 ]
The Philippines engages in multilateral talks within ASEAN, the Asia-Pacific Fishery Commission, the Coral Triangle Initiative, the Asia-Pacific Economic Cooperation, and with the parties of the Nauru Agreement. [51]: 47–52 Research and management cooperation is undertaken with nearby states, including Indonesia, Malaysia, and Vietnam.
The Maritime Industry Authority (Filipino: Pangasiwaan sa Industriyang Maritima [4] [5]), known by the acronym MARINA (Tagalog:), is an agency of the Philippine government under the Department of Transportation responsible for integrating the development, promotion and regulation of the maritime industry in the Philippines.
According to the World Bank, [4] the blue economy is the "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem." European Commission defines it as "All economic activities related to oceans, seas and coasts. It covers a wide range of interlinked established and ...