Generic medicine sales projected to outpace industry
SALES of generic medicine will outperform the overall pharmaceutical market's growth as the country applies price controls on medicines, Fitch Solutions Country Risk and...
2018 tourism statistics hint at losses to come
THE Philippine Statistics Authority (PSA) now estimates tourism’s contribution to the economy in 2018 at nearly an eighth of Gross Domestic Product (GDP), pointing to the magnitude of the expected setback this year with travel devastated by the pandemic.
Lower sin tax yields to affect UHC funding only in 2022, DBM says
LOWER excise tax collections this year from so-called “sin” products like tobacco and alcohol will affect funding for Universal Health Care (UHC) two years down the line but will not affect budgets in 2021, the Department of Budget and Management (DBM) said.
POGO franchise fee arrears must be settled before resuming operations — DoF
TAX authorities will require Philippine Offshore Gaming Operators (POGOs) to settle their 5% franchise fee before they are cleared to resume operations, a finance department official said.
E-commerce firms want sellers to share liability risk
E-COMMERCE companies said sellers and online platforms should share the liability risk for online transactions in order to deter scams.
DA rejects claims it asked poultry industry to limit production
AGRICULTURE Secretary William D. Dar said that the Department of Agriculture (DA) did not ask the poultry industry to limit production.
Off-grid utilities view renewables as less prone to disruption in crises
OFF-GRID electric cooperatives are plowing ahead with their transition to clean energy after the pandemic demonstrated that renewables are resilient and less likely to be disrupted in a crisis.
Digital infrastructure seen crucial in boosting competitiveness
THE Philippines must improve its digital infrastructure to boost competitiveness while also increasing its resilience to crises like the pandemic, a National Economic and Development Authority (NEDA) official said.
IATF declares hunger reduction a priority
THE government task force dealing with the coronavirus disease 2019 (COVID-19) outbreak will seek to ensure the unhampered movement of goods while providing farmers with equipment to help ensure food security.
Hog cull from ASF approaching 300,000
NEARLY 300,000 pigs have been culled as a precaution against African Swine Fever (ASF), according to the Bureau of Animal Industry (BAI).
DoF says gov’t committed to UHC, funding being addressed
FINANCE Secretary Carlos G. Dominguez III said discussions are currently ongoing to address funding for Universal Health Care (UHC) after its implementing agency floated the idea of possible delays in rolling out the program.
House unlikely to introduce new taxes for health sector
A KEY legislator said the delivery of health services needs to be improved before Congress introduces new taxes to fund the sector.