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GOCC subsidies rise 27% in 2017 led by PhilHealth

SUBSIDIES granted to government-owned and -controlled corporations (GOCCs) in 2017 grew 27%, with the Philippine Health Insurance Corporation (PhilHealth) continuing to take the largest share. The Bureau of the Treasury (BTr) said subsidies provided by the national government hit P131.09 billion in 2017, compared with P103.19 billion in 2016. The government had budgeted P152.22 billion […] The post GOCC subsidies rise 27% in 2017 led by PhilHealth appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMar 13th, 2018

GOCC subsidies rise 27% to P131 billion in 2017

MANILA, Philippines — The national government released P131.09 billion in subsidies last year to state corporations to support their respective programs and.....»»

Category: financeSource:  philstarRelated NewsMar 14th, 2018

GOCC subsidies rise over 80% at start of second quarter

FINANCIAL SUPPORT given to state-owned corporations grew 80.19% at the start of the second quarter, data from the Bureau of the Treasury (BTr) data show. Overall subsidies in April reached P3.87 billion from P2.15 billion last year. However, it was lower by 89% from the previous month’s P35.24 billion. The National Irrigation Administration (NIA) received […] The post GOCC subsidies rise over 80% at start of second quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 22nd, 2018

GOCC subsidies down 25% in Jan

MANILA, Philippines - Subsidies granted to government-owned and -operated corporations (GOCC) declined by a quarter in the first month of 2017 as it reached.....»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2017

Kickstarting success: 6 things new startup founders need to know

With so many aspiring entrepreneurs taking the plunge and launching their own businesses, standing out from the throng has never been harder. The local startup scene had been on the rise since 2012. By 2017, PwC Philippines recorded roughly 300 startups operating in the country, with a vast majority of them seeing more growth in… link: Kickstarting success: 6 things new startup founders need to know.....»»

Category: newsSource:  manilainformerRelated NewsDec 7th, 2018

Under Trump, number of uninsured kids rise for first time in a decade

After years of steady decline, the number of U.S. children without health insurance rose by 276,000 in 2017, according to a Georgetown University reportreleased Thursday. While not a big jump statistically --- the share of uninsured kids rose to 5 percent in 2017 from 4.7 percent a year earlier --- it is still striking. The uninsured rate typically remains stable or drops during times of economic growth. In September, the U.S. unemployment rate hit its lowest level since 1969. "The nation is going backwards on insuring kids and it is likely to get worse," said Joan Alker, co-author of the study and executive director of Georgetown's Center for Children and Families. Alker an...Keep on reading: Under Trump, number of uninsured kids rise for first time in a decade.....»»

Category: newsSource:  inquirerRelated NewsNov 30th, 2018

Comment on Central bank likely to hike rates within 2017 as inflation picks up by Philippines Morning News For August 16

[…] Central bank likely to hike rates within 2017 as inflation picks up THE Bangko Sentral ng Pilipinas (BSP) will still have to raise interest rates by yearend to keep up with faster inflation, analysts at BMI Research said, as they expect prices to rise by as much as 4% later this year. — BusinessWorld Online […].....»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2018

Jardeleza still richest SC justice; Carpio s wealth had biggest rise in 2017 | News

Associate Justice Francis Jardeleza was still the richest Supreme Court justice as of the end of 2017, while Acting Chief Justice Antonio Carpio's wealth saw the biggest increase among his colleagues.....»»

Category: newsSource:  philippinetimesRelated NewsNov 20th, 2018

‘PUBG’ linked with December PlayStation 4 debut

"PlayerUnknown's Battlegrounds" ("PUBG") appears to be heading to PlayStation 4 in December, though an official DC Comics tie-in could happen before that. Having spearheaded the rise of a new action game genre, the last-person-standing "Battle Royale", "PUBG" looks likely to land on PlayStation 4 by the end of the year. The game had launched on PC in March 2017, dominating sales charts on the Steam store as a result and leading to an Xbox One edition by December 2017 and mobile editions in early 2018. A PlayStation 4 edition had never been ruled out, and now it appears that the Xbox One version is subject to a one-year exclusivity agreement. A PSN Profiles communit...Keep on reading: ‘PUBG’ linked with December PlayStation 4 debut.....»»

Category: newsSource:  inquirerRelated NewsNov 7th, 2018

PhilHealth Bares New Policy on Benefit Eligibility

Philippine Health Insurance Corporation (PhilHealth) members must have paid at least nine months premium contributions prior to the first day of confinement to avail of the health insurance benefits. This new policy, which is effective starting October 1 this year, is contained in PhilHealth Circular No. 2017-0021 on Application of Sufficient Regularity of Payment of […].....»»

Category: newsSource:  metrocebuRelated NewsNov 5th, 2018

[ANALYSIS] The real score on foreign direct investments

  "EJKs will frighten investors." Such was the grave warning from Mahathir Mohamad at a forum in Manila in October 2017, covered by Bloomberg News. As former prime minister of Malaysia and one of the architects of its phenomenal economic rise, Mahathir oversaw the over-six-fold real increase in the Malaysian ........»»

Category: newsSource:  rapplerRelated NewsNov 2nd, 2018

COA flags P710.59 M allowances of GOCC execs

The Commission on Audit (COA) has flagged at least P710.59 million in compensation and allowances that various government-owned and controlled corporations (GOCCs) have granted to their officials and employees in 2017. Source link link: COA flags P710.59 M allowances of GOCC execs.....»»

Category: newsSource:  manilainformerRelated NewsOct 31st, 2018

PhilHealth pays more than P5.7B in claims in WV

ILONGGOS and Negrenses have benefitted more than P5.7B health insurance benefits from the Philippine Health Insurance Corporation (PhilHealth)-6. From January to September this year, records show that the amount of P5,791,919,432.25 was paid to confinements of Philhealth members and dependents vis-à-vis the paid claims for January to December 2017 totaling to only P6,657,127,850.40. According to […] The post PhilHealth pays more than P5.7B in claims in WV appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 30th, 2018

COA flags P710.59 M allowances of GOCC execs

The Commission on Audit (COA) has flagged at least P710.59 million in compensation and allowances that various government-owned and controlled corporations (GOCCs) have granted to their officials and employees in 2017......»»

Category: newsSource:  philstarRelated NewsOct 30th, 2018

Mactan Airport sees jump in passengers

The Mactan Cebu International Airport (MCIA) saw its passenger volume rise by 12 percent in the first eight months of the year compared to the same period in 2017, owing to the opening of a new terminal building in July, data showed. Indeed, the number of international passengers at the MCIA Terminal 2 jumped 172 […].....»»

Category: newsSource:  tribuneRelated NewsOct 27th, 2018

China leads the way as world’s billionaires get even richer

BERLIN --- The rich got richer than ever before last year, with China leading the way. Swiss bank UBS said Friday that its annual study of the world's billionaires found their combined wealth rose by $1.4 trillion to an eye-popping $8.9 trillion in 2017. The number of billionaires around the global also increased, from 1,979 in 2016 to 2,158 last year. China alone saw two new billionaires emerge each week, highlighting the rapid rise of a class of super rich in the nominally communist country. Many of the country's 373 billionaires --- almost one in five of the global total --- are self-made tycoons, often involved in the technology and retail sectors. The report forec...Keep on reading: China leads the way as world’s billionaires get even richer.....»»

Category: newsSource:  inquirerRelated NewsOct 27th, 2018

More South Korean women choose to freeze their eggs

SEOUL - The number of South Korean women who chose to freeze their eggs increased 12-fold from 2013-2017, according to the country's major medical firm, CHA Medical Group. According to CHA Medical Group, a health care firm which owns a number of major medical facilities nationwide, 288 women froze their eggs at three of their hospitals -- CHA Gangnam Medical Center, CHA Bundang Medical Center and CHA Fertility Center Seoul Station -- a steep rise from the 23 in 2013. The three hospitals currently store the largest number of frozen eggs in the country, according to the Health Ministry. From 2013 to 2017, a total of 648 South Korean women underwent the procedure -- which involves ...Keep on reading: More South Korean women choose to freeze their eggs.....»»

Category: newsSource:  inquirerRelated NewsOct 24th, 2018

Health expenditures rise 8% in 2017

The country spent more for healthcare last year with out-of-pocket expenses growing steeply, the Philippine Statistics Authority (PSA) reported......»»

Category: financeSource:  philstarRelated NewsOct 21st, 2018

Embiid s 30, Simmons triple-double lead 76ers past Bulls 127-108

By Dan Gelston, Associated Press PHILADELPHIA (AP) — Ben Simmons had a triple-double with 13 points, 13 rebounds and 11 assists and Joel Embiid had 30 points and 12 rebounds to lead the Philadelphia 76ers past the Chicago Bulls 127-108 on Thursday night (Friday, PHL time). Zach LaVine led the Bulls with 30 points in their season opener. The curious case of Markelle Fultz continued against the Bulls when one of the more scrutinized players in the NBA managed to steal the spotlight from his more accomplished teammate with simple jumpers. Fultz had open looks early and 76ers fans exhorted him to "Shoot! Shoot!" each time he touched the ball as the second-year guard tries to overcome his aversion to jumpers. He found the look he wanted three minutes into the second quarter. Fultz dribbled to the foul line and hit an uncontested pull-up jumper, the ball rattling around the rim four times before it plopped through the net for two points. 76ers fans erupted in cheers as they gave him a standing ovation and chanted "Fultz! Fultz! Fultz!" Yes, a simple jumper from the No. 1 overall pick of the 2017 draft in the second game of the season was enough to get a rise out of the fans — and a sigh of relief from Fultz. Fultz got a similar reaction when he buried a three-pointer in a preseason game, after not attempting one last season. Fultz suffered from a right shoulder injury, a broken shot and busted confidence in his rookie season. Even his personal shooting coach said Fultz suffered from the "yips," which was shot down by his star client. Fultz blamed his lost season on the injury. Sixers coach Brett Brown tried to give Fultz a confidence boost by putting him in the starting lineup — yet benching him for the start of the second half. Fultz was 1-of-6 in 15 minutes in the first half and didn't play again until late in the third and the Sixers leading by 88-68. "The challenge is to grow him and help us win the game," Brown said. "There's no book that tells you how to do that, so you're going to have to figure some stuff out. There will be some pain along the way and some positives." With or without Fultz, the 76ers had plenty of positives after an opening-night disaster in Boston. Simmons hit a triple-double with 2:34 left in the third, the 13th of his career and the first Sixer to ever get one in the home opener. Sixers fans chanted "Trust the Process!" when Embiid ended the third with free throws. Fultz proved a long-range ace again in the fourth — this time with a 3! He drained his first career three-pointer for a 108-88 lead and the Philly fans that are firmly perched in his corner went wild and again chanted his name. The Sixers know that if they want to become legitimate Eastern Conference contenders, Fultz will have to become the star they envisioned when they drafted him. He made five baskets and scored 12 points. TIP-INS Bulls: G Kris Dunn missed the game for the birth of his son. ... Bobby Portis had 20 points and 11 rebounds. 76ers: Rapper Meek Mill sat courtside and rang the ceremonial Liberty Bell to start the game. ... Embiid thanked the fans for coming and told them to "Trust the Process." 1ST Q & NO D Embiid scored 12 points in the first five minutes of the game and neither team missed many looks in the first quarter. The Sixers made 11 of their first 14 shots and the Bulls started 14-of-19. The 76ers shot a whopping 70 percent in the quarter and still trailed the Bulls 41-38. UP NEXT Bulls: Play home opener Saturday (Sunday, PHL time) against Detroit. 76ers: Host Orlando on Saturday (Sunday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsOct 19th, 2018

PhilHealth says it& rsquo;s committed to resolve 2017 net loss

PhilHealth says it& rsquo;s committed to resolve 2017 net loss.....»»

Category: newsSource:  thestandardRelated NewsOct 18th, 2018

Fewer but deadlier conflicts in ARMM in 2017 – report

MANILA, Philippines – The year 2017 saw an “unprecedented” rise in deaths due to conflict in the Autonomous Region in Muslim Mindanao (ARMM) despite a decline in the number of violent conflict incidents, according to a report launched on Tuesday, October 2. These figures ........»»

Category: newsSource:  rapplerRelated NewsOct 2nd, 2018