Sep 112016
 
Healthcare revenues reach $1.9 B in 2015

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 …

Sep 112016
 
More banks upgrade Philippine growth forecasts

The country’s GDP growth accelerated to seven percent in the second quarter from the revised 6.8 percent in the first quarter on the back of a strong boost from election related spending. MANILA, Philippines – More investment banks are upgrading the country’s economic growth prospects after a stronger than expected gross domestic product (GDP) expansion in the second quarter. David Mann, managing director and chief economist for Asia at Standard Chartered Bank (SCB), said the bank now expects the country’s GDP to grow faster at 6.8 percent instead of 6.4 percent this year and to 6.7 percent instead of six percent for 2017. “Consumption has been relatively robust,” Mann said. He said there is a lot of positivity under the Duterte administration because of its commitment to pursue the reforms undertaken by the previous administrations and further liberalize the country’s economy. The country’s GDP growth accelerated to seven percent in the second quarter from the revised 6.8 percent in the first quarter on the back of a strong boost from election related spending. This brought in the first half of the year to 6.9 percent from 5.5 percent in the same period last year. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Weak global demand and the lack of government spending under the previous administration pulled down the GDP growth to 5.9 percent last year from 6.1 percent in 2014. The Development Budget Coordination Committee (DBCC), slashed the GDP growth target this year to a range of six to Read More …

Sep 102016
 
EDC powers up Central Luzon State University

MANILA, Philippines – Lopez-led Energy Development Corp. (EDC), is now supplying power to the Central Luzon State University (CLSU), the oldest and largest state university in Region 3, with green energy under the retail competition and open access (RCOA) regime. EDC said it supplies CLSU with up to 2.9 megawatts (MW) of power following a retail supply contract with EDC affiliate First Gen Energy Solutions Inc., a retail electricity supplier (RES). Under the contract, EDC provides CLSU’s 658-hectare campus with green power from its geothermal power station in Bicol, which started on June 26, 2016.  “The entire CLSU campus will benefit from environment-friendly power all year round and not rely on imported and carbon-emitting fossil fuel energy sources or stopgap supply measures that could not guarantee reliable and uninterruptible power,” EDC vice president for corporate affairs Ricky Carandang said.  “In addition, we are committed to provide CLSU with customized energy solutions, fair pricing, competent technical assistance and responsive customer support at all times,” he said. Under the RCOA scheme, contestable customers are given the choice to choose their power supplier, a scheme aimed to foster competition in the generation and supply sector. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 EDC is the country’s leading producer of geothermal energy with total installed capacity of 1,169 MW in Leyte, Negros Islands, Bicol and North Cotabato. It also owns and operates the 150-MW wind farm in Burgos, Ilocos Norte and has 60 percent equity in the 132-MW Pantabangan-Masiway hydropower plants in Nueva Ecija.

Sep 102016
 
Philippines aims to be top diving destination in SE Asia

MANILA, Philippines – The Philippines, being a center of marine biodiversity, wants to position itself as a top diving destination in Southeast Asia and eventually the whole world, the Department of Tourism (DOT) said. On the sidelines of the Diving and Resort Travel (DRT) Philippines Show, Tourism Undersecretary for Advocacy and Public Affairs Katherine De Castro said the agency is continuing efforts to promote the country as a major diving destination. “We want to be the number one in Southeast Asia and then make people realize that there’s more to be seen in the Philippines as compared to the rest of the world,” De Castro said. Diving is seen as a key driver of growth in the tourism sector due to the country’s diverse marine life and vast coral resources, she added. To achieve its goal, the DOT expanded this year’s DRT Philippines Show and accommodated more local and international experts and stakeholders in the diving industry. “We have DRT shows like this because it creates awareness. We invited a lot of well known and well respected underwater cinematographer and photographers,” De Castro said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “We get all their work out there so when (people) find out the (photos and videos are) from the Philippines, believe me, the scuba divers from all over the world, when they see something like that, it will be in their bucket list,” she added. These photographers, cinematographers and diving experts are set to conduct a series Read More …

Sep 102016
 
Internet users group hit PCC probe on P70-B telco deal

MANILA, Philippines – An internet advocacy group has criticized ongoing efforts of the Philippine Competition Commission (PCC) to probe the P70-billion buyout of the telecommunication assets of San Miguel Corp. as anti-consumer since it prevents the use of the idle 700-MHz frequency. Ramon Jose, lead convenor of the Internet Surfers Guild of the Philippines, said the 16-page preliminary statement of concerns released by the PCC’s Mergers & Acquisitions Office (MAO) distracts from the real consumer issue which is the immediate improvement of the state of the internet in the country. He said both PLDT and Globe were given a deadline by the National Telecommunications Commission (NTC) to improve their internet services as a condition for the approval of the deal and co-use of the 700-MHz and 2600-MHz frequencies.  “The government and the public will hold these telcos accountable if they fail to deliver within the given time frame. However, seeing that the PCC is hampering the telcos from using these frequencies, all the more the dream of having high speed internet will remain just a dream,” Jose said. ISGP said the role of PCC to look into the welfare of consumers and businesses must be recognized but they must not treat the SMC deal as an ordinary anti-competition case because of a bigger underlying concern which impacts consumers – that of the frustratingly slow internet speeds in the country. Jose stressed that the telecommunications sector should not be treated as an ordinary consumer industry like many of the anti-competition cases because Read More …

Sep 102016
 
Asean Summit hosting augurs well for Philippine tourism

MANILA, Philippines – President Duterte’s formal acceptance to host next year’s ASEAN Summit bodes well for the country’s tourism sector, an official of the Department of Tourism (DOT) said Friday. “It offers yet another great opportunity for the Filipino people to extend their genuine hospitality, as well as showcase the country’s world-class travel destinations,” DOT media director Ina Zara said. The arrival of the guests, representatives and foreign dignitaries will also move the sector and the economy as they will book hotels, dine, shop and go around the country, she added. “We share the President’s optimism and enthusiasm for the country’s hosting of the 2017 Summit, with the theme ‘Partnering for Change, Engaging the World,’ to coincide with the 50th anniversary of the ASEAN,” Tourism Secretary Wanda Teo said. “We cannot overemphasize that the Philippines played an instrumental role in the founding of the regional bloc. We at DOT, therefore, stand alongside President Duterte, ready and willing to steer ASEAN toward realization of its goals of cooperation and regional stability,” she added. Meanwhile, Teo also expressed optimism the “strong friendly” relations between the Philippines and the US will remain. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The Philippines has always had strong ties with the US and that is not going to change any time soon,” Teo said. She added the encounter between President Duterte and US President Barack Obama during the gala dinner at the ASEAN Summit has increased the chances of a more substantive meeting in Read More …

Sep 102016
 
The Turf Company marks 27th year

MANILA, Philippines – From its humble beginnings 27 years ago supplying products and services to golf courses in the country, The Turf Company has grown into a one-stop shop that provides total solutions to the management and maintenance of golf courses and sports-themed estates, resorts and recreation facilities, hospitals, commercial landscapes like retail developments, and private and residential projects. Today, it is considered a leading force in the industry with an extensive roster of prestigious clients who have remained loyal to the company through the years. “As we mark our 27th year, we express our appreciation and gratitude to our customers who believe in us and continue to patronize us. The journey of our company has been exciting and fulfilling, to say the least. We have gained milestones in our history, beating the ups and downs of the local market,” said Mario Lopez, president and COO of The Turf Company. “We owe our growth through the dedication and commitment of our team and the support of our principals. They are our valuable partners.” The Turf Company enjoys some of the most established relationships in the industry, including partnerships with world-class brands which it distributes in the country. These include the Toro brand of golf course maintenance equipment and irrigation systems which accounts for about 80 percent of the company’s turf management business. Other flagship brands that The Turf Company proudly distributes are Orec precision mowing equipment, Club Car & Texas Eagle golf cars and allied products. As The Turf Company Read More …

Sep 092016
 

THE TIMETABLE for a railway project aimed at meeting growing commuter needs in Cavite province risks being extended as the deadline for submission by interested parties of documents to qualify for bidding was on Thursday moved for a third time.