Monthly Archives: July 2009

THE pharmaceutical market is large—and growing. Worth P47 billion in 1999, it grew to P70 billion by 2003 and is probably worth P100 billion now.

Government should be as decisive in dealing with other sectors THE P100-billion pharmaceutical market has been breached, and drug giants blinked.

In the interest of fairness, we’d like to devote some space to the reaction of Administrator Diosdado Jose Allado of the Metropolitan Waterworks and Sewerage System (MWSS) to criticisms we had raised in an earlier column against the multi-billion Laiban dam project, conceived to address the long-term water requirements of Metro Manila as well as…

The latest word out of the Department of Health is that the pharmaceutical industry in the Philippines has offered to voluntarily lower the prices of 42 branded medicines. The medicines fall under 16 of the 21 “essential drugs” categories that the DoH had recommended to President Gloria Macapagal-Arroyo for mandatory price capping under Republic Act…

Firms look at cities, not countries, THE COMMISSION on Information and Communications Technology (CICT) is bent on building an ICT hub in every province in the country, having seen the importance of ICT in economic development and nation-building.

MANILA, Philippines – The high wages being offered in the business process outsourcing industry may no longer be enough to convince mid-level executives to stay on in their jobs, as they now look for more “quality of life” incentives.

CEBU, Philippines – Public jeepney drivers can soon avail of a soft loan to convert their diesel or gasoline-engine vehicles to run on liquefied petroleum gas (LPG) as government released P500 million allocation for such purpose.

MANILA, Philippines – The government is preparing a second economic stimulus package next year to ensure continuation of President Arroyo’s pump-priming program, a Cabinet official said.

Cases of unexplained killings have gone down in the past two years, but there’s still a long way to go before the government can boast of respect for human rights. As various human rights groups have pointed out, most of the previous cases remain unsolved. Where cases have been filed, the conviction rate is low…

Months after the hoopla at the Grammy Awards, the ensuing accusations, denial, and rumored reconciliation which was much fodder for the international media, Chris Brown, has finally come out to publicly apologize for beating his then girlfriend, Rihanna.

MANILA, Philippines – A research expert revealed recently that although high compensation continue to be a factor in achieving high retention in the off shoring industry, the interest in strictly cash is slowly starting to wane.

MANILA, Philippines (AP) — The Philippines, which provides a significant number of the world’s commercial sailors, said Saturday it would contribute $20,000 to a U.N. trust fund to support Somali security forces in their fight against piracy.

MANILA, Philippines – He may be down, but he’s definitely not out. Former House speaker Jose de Venecia Jr., who formed Lakas-CMD in 1992 but was forced to quit following his falling out with President Arroyo, has launched a so-called “conscience hotline” for “lost” party members.

Her handlers portray her as a hardworking president, but after eight years in power, Gloria Arroyo is looking more like being long on show and short on substance.

TWO in every five Filipino families below the poverty line do not have electricity in their homes, according to the National Statistics Office (NSO).

The government expects to complete the country’s rural electrification program or the electrification of all Philippine barangays (villages) before the yearends.

MANILA, Philippines – Global warming is slowly pushing the world to the brink of destruction but the Philippines is doing its share to lessen the impact, according to Presidential Adviser on Global Warming and Climate Change (PAGWCC) Heherson Alvarez.

BANKS have cut further their lending rates after a series of reductions in the Bangko Sentral ng Pilipinas’ (BSP) interest rates, an official said.

PHILIPPINE imports continued to slip for the eight consecutive month in May, but at a slower pace, as purchases of electronic products abroad slightly recovered, the National Statistics Office (NSO) said.

THE Department of Budget and Management (DBM) is considering a second-stimulus package that would be incorporated in the 2010 national budget to ensure President Arroyo’s pump priming program is sustained.

But new score still below investment-grade MOODY’S Investors Service said it has raised the Philippines’ credit ratings one notch, citing the country’s healthy financial system and its ample dollar surplus despite the global economic crisis.

MANILA, Philippines – Businesses should continue to pursue innovation even when the economy is bad, according to the head of the government’s Intellectual Property Office (IPO).

9 years of Arroyo: A review A few hits here, a few misses there (Editor’s Note: On the occasion of the ostensibly final State of the Nation Address of President Gloria Macapagal-Arroyo on July 27, the Philippine Daily Inquirer presents this review of her governance which runs into its ninth year by the time she…

MANILA, Philippines—Belgium is set to regularize the stay of undocumented migrants, including an estimated 2,500 Filipinos, the Department of Foreign Affairs said in a statement Friday.

THE UN Development Program on Thursday said the Philippines has not done enough to curb the rise of HIV infections in this largely conservative Roman Catholic nation of 90 million people.

THE government said imports reached a seven-month high in May, signaling more raw materials are being produced for export in the coming months.

7th in a series on GMA’s 9th State of the Nation Address MANILA – Meralco’s stockholders’ meeting in 2007 saw an angry Winston Garcia on stage, perorating about the “inefficiencies” of the power retailer. That episode had been interpreted as government getting back at a perceived foe: the Lopez family.

POVERTY SITUATION IN THE PHILIPPINES IN 2007 (Selected Non-Income Poverty Indicators from the 2007 Annual Poverty Indicators Survey)

MANILA, Philippines — President Gloria Macapagal-Arroyo has not been remiss in pointing to employment as one of the main welfare issues, along with poverty, health and education, in her State of the Nation Addresses (SONAs) since 2001.

BANGKOK (AFP): Asian economies will likely bounce back from the global economic slump in 2010 but fears remain over the sustainability of growth if there  is no wider recovery, the Asian Development Bank said Thursday.