Maniolas

MANILA, Philippines – The country’s healthcare information management service industry employed 100,000 people last year and generated $1.9 billion in revenues, the Healthcare Information Management Association of the Philippines (HIMAP) said. HIMAP president Beng Coronel said the industry is on track to hitting its target of employing 210,000 people by 2022, translating to a 100 percent jump in revenues to about $5 billion. Actual revenue growth could even be higher given the potential of the industry, Coronel said. “This is a conservative growth in revenue forecasted at 250 percent from $1.9 billion in 2015 and these figures were shown during last year’s conference,” she said. The industry has been growing since 2011 with service providers showing strong capability to offer more work. It has diversified from just medical transcription such as medical coding, medical billing, outpatient care services, telemedicine, pharmaceutical and healthcare application support. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 As the industry continues to grow, it is expected to offer a wide array of career opportunities for healthcare professionals including nurses who often find it difficult to find gainful opportunities in the country. HIMAP is organizing the Global Convergence Enabling Inclusive Care and Innovation seminar on Sept. 15. The conference is expected to look into stakeholder roles in healthcare and how some trends disrupt the growth and innovation in healthcare industry. Coronel said the conference aims to look back at the achievements of the industry and look forward to opportunities for sustained growth. “It will feature presentations and briefings by industry Read More …

MANILA, Philippines – The country’s healthcare information management service industry employed 100,000 people last year and generated $1.9 billion in revenues, the Healthcare Information Management Association of the Philippines (HIMAP) said. HIMAP president Beng Coronel said the industry is on track to hitting its target of employing 210,000 people by 2022, translating to a 100 percent jump in revenues to about $5 billion. Actual revenue growth could even be higher given the potential of the industry, Coronel said. “This is a conservative growth in revenue forecasted at 250 percent from $1.9 billion in 2015 and these figures were shown during last year’s conference,” she said. The industry has been growing since 2011 with service providers showing strong capability to offer more work. It has diversified from just medical transcription such as medical coding, medical billing, outpatient care services, telemedicine, pharmaceutical and healthcare application support. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 As the industry continues to grow, it is expected to offer a wide array of career opportunities for healthcare professionals including nurses who often find it difficult to find gainful opportunities in the country. HIMAP is organizing the Global Convergence Enabling Inclusive Care and Innovation on Sept. 15 to discuss ways on how to further grow the industry. The conference is expected to look into stakeholder roles in healthcare and how some trends disrupt the growth and innovation in healthcare industry. Coronel said the conference aims to look back at the achievements of the industry and look forward to opportunities for sustained Read More …

NANNING, China – Despite his recent controversial verbal spat with the world’s most powerful president on issues involving human rights, President Rodrigo Duterte’s popularity continues to soar as he received mostly positive remarks from Chinese and ASEAN business leaders. In an interview during the opening of the 13th China-ASEAN Expo (CAEXPO) here yesterday, International Chamber of Commerce Philippines founding chairman and Philippine Chamber of Commerce and Industry chairman emeritus Francis Chua said the tough-talking Philippine president was highly regarded by the Chinese and ASEAN business communities. Chua on Saturday night met with his fellow business leaders from the region and China for the annual CAEXPO supporting chambers of commerce conference and business networking activity. “You’ll be surprised a lot of them was saying that this is the kind of president that the ASEAN needs. We have the biggest problem in Asia, in which some countries are not strong enough. (They said) we really pray hard for that president and if he succeeds, that’s a story that everybody can follow and can emulate,” Chua said. US President Barack Obama scrapped bilateral talks with Duterte last week during the ASEAN Leaders’ Summit in Vientiane, Laos following the latter’s controversial remarks. “So it’s a total different thing because there are people that keep on hammering on the human rights issue. Human rights is correct, but when it comes to the administration of the country, there is a certain way different presidents and different administrators would like to adhere into,” Chua said. Business ( Read More …

MANILA, Philippines – Business registration for financing and lending companies has just been made easier by the Securities and Exchange Commission (SEC) in line with the Duterte administration’s anti-red tape thrust. “This would speed up the processing for the issuance of the certificates since there would be lesser documents for inspection and evaluation,” SEC chair Teresita Herbosa said. From 23 documents, those registering to operate need now only to submit 15 to the SEC’s registration and monitoring department’s (CRMD). This was after the agency consolidated requirements and dropped ones deemed redundant. Dropped documents were local police clearance; certificate of good moral character for Filipino directors and officers; work permit from the Department of Labor and Employment for foreign directors and officers and location map and copy of the lease contract or title of the building where the company is located. For financing companies applying to operate a branch office, requirements had been reduced to eight from 13 previously. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 As part of the streamlining of processes, CRMD has also modified its application form, company’s information and personal information sheets and made them easier to be filled out. Monitoring of existing players were also made easier through less requirements needed to be submitted to the agency’s corporate governance and finance department (CGFD). The department will no longer require the submission of the following documents: SEC form Q-EPS or quarterly report; certification of corporate secretary on the attendance of directors on board meetings if Read More …

MANILA, Philippines – PLDT Inc. expects a tough third quarter in terms of net earnings. “It’s gonna be a tough third quarter. The typical story, it’s really wireless being the epicenter of the issues,” PLDT Inc. chairman and CEO Manuel V. Pangilinan told reporters on the sidelines of the Be the Boss Awards 2016. PLDT generated P55.47 billion from wireless businesses provided by Smart Communications and Digitel Mobile Philippines Inc. (Sun Cellular), as well as wireless broadband services in the first semester. The amount was down four percent from P58.09 billion a year ago. Pangilinan said the company also expects to see a slight erosion in the mobile subscriber base due to stiff competition. The PLDT Group had a total of 64.47 million subscribers as of end-June, down from the 68.86 million in the same period last year.  Pangilinan said the home and enterprise business units, meanwhile, are seen to post better performance this year compared to last year.  Business ( Article MRec ), pagematch: 1, sectionmatch: 1 As of the first semester, PLDT’s consolidated core income reached P17.7 billion, down six percent from P18.9 billion last year. The telco’s net income for the January to June period reached P12.5 billion, 33 percent lower than the P18.7 billion in the same period a year ago.  PLDT has set a core income guidance of P30 billion this year. The company ended 2015 with core net income of P35.2 billion, in line with its guidance for the year.  PLDT, which initially set Read More …