Investors watches for next administration’s step on economy boost
Investors are waiting for the following step of the next administration regarding the further open up of the economy in order to attract more foreign capital.
According to the Development Bank of Singapore or DBS Bank Ltd., the next president of the Philippines will have plenty to prove especially on what the next government will do to step up investment growth. DBS added that the revenue collections during the first five years of the Aquino administration had been growing at a “strong” average annual rate of 12 percent, such that there was room for an “infrastructure overhaul” via the centerpiece public-private partnership or PPP program.
BFAR warns residents of aquatic food poisoning
The Bureau of Fisheries and Aquatic Resources (BFAR) prohibits eating of aquatic life in the coastal waters of Bohol, Samar, Leyte, Biliran and Capiz.
According to reports released by the shellfish bulletin, Dauis sea of Bohol, Daram Island, Cambatutay Bay in Western Samar, Leyte, Naval in Biliran and Pilar in Capiz proved positive of paralytic shell fish poison.
The poisonous list excluded fishes, squids, shrimps and crabs and clarified that they are safe to consume.
DPWH opens new route in Batangas
The Department of Public Works and Highways (DPWH) opened the Diokno Highway in Calaca, Batangas for small-sized cars.
According to reports from DPWH Batangas first district engineering office, they closed the 90-lineal meters section in K-072+1004 to L091+88 due to damages from typhoon Noona.
Big cars traveling to Lemery are advised to take Tagaytay-Nasugbu road to Palico-Balayan-Batangas city road as alternate route.
PhilHealth will not die says health firm president
The state health firm remains stable, said PhilHealth president and CEO Alex Padilla.
He added that Eddie Dorotan was misquoted in the report on supposed financial problems of Philhealth.
In response to news reports, Padilla issued an official statement saying “PhilHealth is dying due to fund payout larger than its members’ monthly contributions and income” and it is possible to cause panic among PhilHealth’s members and stakeholders.
In a report from the Philippine Star, Philhealth stressed that since the stability of the health insurance fund is concerned in the allegedly inaccurate news reports, it is clarifying that the firm’s finances are healthy.
The reported added that it cited its growth over the last five years and said it remains committed to serving its members. The health firm paid P34 billion in 2011, P44 billion in 2012, P55 billion in 2013, P77 billion in 2014 and P97 billion in 2015.