Expanding Pharma Zones: A win-win solution for health and pandemic-stricken economy - Tolentino
MANILA - Administration Senator Francis Tol N. Tolentino believed that accelerating the establishment of pharmaceutical manufacturing zones under the Philippine Economic Zone Authority (PEZA) will not only give Filipinos better access to cheaper medicines but would also help stabilize the pandemic-stricken economy.
Tolentino said expanding the so-called Pharma Zone has both short and long term goals since aside from providing the public with locally manufactured but less expensive vaccines just like in the case of COVID-19 disease, it can also bring forth more investments and jobs for the pandemic-stricken economy.
By TED CORDERO, GMA News
Published January 1, 2021 12:23pm Government-owned or -controlled corporations (GOCCs) remitted a total of P160.62 billion to the Bureau of the Treasury (BTr) as of December 15, 2020, according to the Department of Finance (DOF). In a statement, the DOF said the GOCCs’ remittances will help fund the government’s continuing efforts to curb the spread of COVID-19 and provide economic relief to pandemic-hit businesses and individuals. Of the P160.62-billion remitted to the Treasury, P133.50 billion represents the cash dividends from 55 GOCCs as mandated under Republic Act (RA) No. 7656 or the Dividends Law. The RA 7656 requires GOCCs to remit at least 50% of their net earnings to the National Government (NG).
Published December 31, 2020, 7:41 PM
Amid the “extraordinary” challenges Malacañang faced in 2020, it remains optimistic that the economy will be on a rebound in 2021.
In a 55-page yearend report released on Thursday, Malacañang cited some of the major highlights of the Duterte administration’s accomplishments and interventions in 2020, particularly its COVID-19 response.
“Ten months since COVID-19 surfaced in the Philippines means we must learn to live with the virus, especially now that we know more about COVID-19, how it spreads, and how to avoid it,” Malacañang said.
“The road to recovery will be upon us soon as the earliest roll out of a vaccine is expected in the first quarter next year, per the Philippine National Vaccine Roadmap. Geographical and sectoral priorities have already been identified, negotiations and discussions with vaccine manufacturers are ongoing, and tripartite agreements with the government, the private sector, and allied governments are n
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+ December 30, 2020 THE Bureau of Customs Port of Cebu has exceeded its collection target for the month of December, further adding to its annual surplus.
The bureau reported that in the first 23 days of December alone, it had collected P2.684 billion, exceeding the P2.554 billion target by P130 million or 5.08 percent.
The good news comes after the port exceeded its P27.539 billion target for the whole year as early as November when collections for the first 11 months of the year reached P27.872 billion.
This brings the port s annual surplus to P460 million.
In a statement, Port of Cebu acting district collector Charlito Martin Mendoza attributed the port s good performance to its frontline officers tirelessly putting in the extra effort this December to process and release goods without delay.