Bustling new destinationMore than seven years after selling the family’s tobacco business to Japan Tobacco Inc. (JTI), the Wongchuking family has diversified into other businesses, either as a family or individually. After his father died, Caesar shepherded the tobacco business into becoming the second largest cigarette company in the country. The Bulacan international airport will be able to accommodate initially 70 million passengers when it opens in 2028 and eventually, 150 million passengers. Recently announced were increases in parking fees, landing and take-off fees which are already being implemented, and terminal fees by next year. In a country like the Philippines, where air travel is often a necessity due to its archipelagic geography, these rising costs could reduce demand for flights both internationally and domestically, they said.

Source: Philippine Star October 19, 2024 20:33 UTC