Furthermore, overseas direct investment (FDI) is anticipated to reach $8 billion within the fiscal year 2016 to 2017, in step with the Directorate of Investment and Company Administration, at the same time as ultimate economic yr it amounted to $9.5 billion—evaluate this with the Philippines’ FDI in 2015 at $5.Seventy two billion. Attractive sectors for investment are power, production, transport, verbal exchange, real estate, mines, inns and tourism. The fact is, our nine-hour bus trip from Yangon to Bagan by way of current and nicely-maintained vacationer bus changed into a nice revel in, owing it to exact roads and highways.
A landmark event held these days, The 21st Century Panglong Conference, has produced excellent final results, a consensus reached, doubtlessly ending the long-running struggle among the government and severa ethnic armed enterprises. Many locals, based totally on our conversations with them, agreed that this is the important thing to lasting peace within the us of a.
Hinging on political balance is financial boom, which Myanmar has witnessed with an average GDP growth of seven.44 at some stage in the past five years, peaking at eight.7 percentage in 2014. With the extra easing of US sanctions in May, the u . S . Can now count on extra inflow of foreign funding. In truth, the Asian Development Bank tasks Myanmar’s increase to be at eight.Four percentage and eight.3 percent in 2016 and 2017, respectively, the best fee in Asia.
One component that bodes nicely for the u . S . A . Is its street to political stability. Its shift from entrenched military regime to a gadget of dynamic political reform starting from the 2015 elections has created a bounty of recent possibilities. In March this year, Myanmar sworn in its first elected civilian president in 50 years, U HtinKyaw with charismatic Aung San Suu Kyi because the country counsellor, a position just like high minister. This marks clean transition of electricity to the Democratic Party that was formerly in competition.
We later discovered that Singapore’s prime minister, Lee Hsien Loong, simply finished his three-day legitimate visit to Myanmar which commemorated 50 years of diplomatic ties among the two nations, paving the way for more cooperation, specifically in enterprise and schooling. We additionally examine within the nearby paper that during May this year, the president of Myanmar, U HtinKyaw, met with the Russian president, Vladimir Putin, to speak about bilateral members of the family—especially future investments, scholarships, and investment.
Why is there a outstanding deal of interest in this newly formed republic that those world leaders are paying a lot interest to? Myanmar, a member of the Association of Southeast Asian Nations (Asean) which is evolving as an economic network, presents huge opportunities for investment and local cooperation.
REYNALDO C. LUGTU
As the plane descended toward Yangon International Airport, peeking thru the window found out a flat but bustling Yangon City, Myanmar’s capital, with abundant creation websites and sprawling production vegetation, certainly one of which became the conspicuously massive Universal Robina Corporation (URC) factory.
My wife, Kay, and I went thru immigration, and we can’t however take wonder of the infinite bevy of tourists that converged. There become additionally a huge contingent of reputedly Singaporean businessmen who had been on our flight from Singapore.
At the cease of it all, if all stakeholders to this ENDO are presently religiously turning in on their proportion of obligations in dealing with and “taking care” in their people, the give up of ENDO would handiest mean a change of price obligation—from corporations to their clients. Agree or agree to disagree?
Che M. Javier is the guarantee lead partner for the consumer and industrial services and products enterprise of Isla Lipana & Co./PwC Philippines. Email your remarks and inquiries to markets@ph.P.C.Com. This content is for popular information functions only, and ought to not be used as an alternative for consultation with professional advisors.
What are the feasible government interventions
After the age of sixty five, an SSS beneficiary’s most month-to-month pension of about P16,000 is infrequently ok for an getting old, every now and then even sickly, person.
Ending ENDO brings true tidings and challenges as well. The lawmakers voting for finishing ENDO might also win some and lose some votes however aren’t free from seemingly innocent questions as Why is personal pension wished; Can SSS be honestly modified to turn out to be the answer to all publish-retirement desires of retirees? Can the authorities create applications to cope with at the least the primary needs of its citizenry—housing, health, training, and so on.? Can visitors woes be minimized to enhance productiveness now not only for employers’ advantage but also for workers work-lifestyles stability? I dare you to invite extra questions inside the wish that our leaders will take motion.
Companies have to, in the event that they haven’t yet, start operating on their simulations or sensitivity analyses for “stop ENDO” state of affairs to manipulate its shareholders’ expectancies or guard shareholder cost. While companies can pass up the value boom to customers, they need to strike a stability between profit management and market’s price sensitivity.
What does “give up” mean for consumers
As the value of processing, manufacturing, building, or servicing increases, consumers ought to count on higher prices for items and services. Honestly, I do not suppose I am geared up for the better price of living within the Philippines than what is presently regular.
“At present, we maintain our forecasts that no nuclear capability will come on-line inside the country over the approaching decade for the reason that there are still significant uncertainties surrounding this inclusive of excessive capital costs, safety considerations and lengthy lead instances, but we might also are looking for to revise it if there is greater concrete undertaking development in the sector going forward,” it delivered.
“We strain that foreign suppliers of nuclear device from the US, Japan, Russia, France and South Korea have already expressed interest in latest years and are keen to invest in the Philippines’ nuclear strength zone,” it stated.
In 2018, Duterte stated he desired to make certain that good enough security features are in region earlier than instituting a nuclear power program inside the usa and that any inspiration to apply nuclear strength ought to be thoroughly studied through the Congress and the human beings.
Despite the Energy branch’s nuclear push, Cusi formerly stated the enterprise might give the President greater time to examine the inspiration at the adoption of nuclear electricity.
He also instructed journalists the DoE is operating on pleasant the nineteen infrastructure necessities before developing a country wide infrastructure for nuclear energy.
THE unemployment fee in the u . S . Remained constant at 5.Three percent on the start of 2020, however it translated to extra jobless Filipinos, the Philippine Statistics Authority’s (PSA) said on Thursday.
Results of the records corporation’s ultra-modern Labor Force Survey showed that the January discern matched the 12 months-in advance charge.
In a briefing, Assistant National Statistician Wilma Guillen said the January price become equal to an envisioned 2.39 million out-of-work individuals, higher than the two.28 million within the identical month in 2019.
The united states also recorded an employment price of 94.7 percentage within the first month of the 12 months — the same as that registered twelve months in advance — which the PSA professional stated “interprets to forty two.Sixty five million employed men and women… which is higher than the 41.03 million in January 2019 because of [the] better hard work force this yr.”
Meanwhile, the u . S .’s underemployment fee — or the percentage of the employed wanting extra work — dropped to fourteen.8 percent from 15.4 percent a yr ago.
Guillen stated those quotes corresponded to a lower wide variety of underemployed workers in January at 6.32 million, barely lower than the yr-in advance 6.33 million.
Those within the lively workforce population who’re 15 years old and older have been predicted at 73 million, higher than the 71.89 million in the equal month final yr, in keeping with the authentic.
Late remaining yr, a bicameral conference committee composed of representatives from both Houses of Congress accepted the Universal Health Care (UHC) Bill, which seeks to sign up all Filipinos in the proposed National Health Insurance Program. This brings the united states of america one step closer to presenting health take care of all Filipinos, whether or not hired or no longer.
At a time while remarkable strides are being made in medicinal drug and inside the delivery of care, and equally serious demanding situations are cropping up, democratizing health care isn’t always best just; the contemporary circumstances, inclusive of advances in era, might also make it simpler for the authorities and health care providers to achieve this.
Deloitte’s 2019 Global fitness care outlook appears at a number of these trends and developments that health care stakeholders – vendors, governments, payers, customers, and different corporations/agencies – need to watch out for.
According to Deloitte’s record, global fitness care spending is projected to increase at an annual charge of five.4 percentage in 2018-2022, a full-size rise from 2.9 percent in 2013-2017. This is partially because of the growth of health care coverage in growing markets, together with the Philippines, where an envisioned P257 billion would be had to enforce UHC in its first yr. Advances in treatments and fitness technologies, growing fitness care hard work costs, and the growing care needs of getting older populations additionally element into this elevated spending.
Speaking of the aged populace, existence expectancy appears to retain to climb. It is projected to increase from 73.Five years in 2018 to seventy four.4 in 2022 – a chief achievement for health care as this additionally means growing years of productive lifestyles.
This might convey the quantity of humans elderly over 65 globally to more than 668 million, or about 11.6 percent of the total population. While this is predicted to be maximum substantive in Japan (wherein the percentage will probable reach nearly 29 percentage) and Western Europe (almost 22 percent), some developing countries such as Argentina, Thailand, and China are beginning to revel in similar conditions.
Aging populations and the upward push of non-communicable sicknesses (most significantly, cancer, coronary heart sickness, and diabetes), which accounted for 71 percentage of the 56.Nine million deaths mentioned worldwide in 2016, are transferring the fitness attention far from curing sicknesses to preventing and handling sickness and selling average nicely-being within the long time.
This technique requires addressing the social determinants of health. Factors including socioeconomic fame, schooling, community and physical surroundings, employment, and social help networks regularly have a more effect on health consequences than does health care. Taking these factors into consideration can help reduce disparities in health care that regularly stem from financial risks.
Here within the Philippines, as an example, human beings residing in far off areas are often underserved and have issue gaining access to even the most fundamental health care. Advances in digital fitness or telehealth can flip this example round, mainly now that virtual health has gone beyond really allowing video visits.
The Mayo Clinic, as an instance, is piloting an AI-powered nurse avatar that may acquire records from wearables, sensors, and biometric devices, determine a patient’s signs and clinical records, and analyze these blended facts for a physician before he or she even comes head to head with the affected person. An AI startup in Singapore has developed a mobile app that can verify persistent wounds and provide a initial assessment to nurses or different fitness care workers.
These superior technologies can cross a protracted manner in the direction of realizing the purpose of popular health care, however of direction, their efficiency hinges in large part on dependable internet get admission to and connectivity.
Other traits in the health care quarter unsurprisingly contain some of the era giants. Apple is working with a startup to enable iPhone customers to study, keep, and share their medical data – such as laboratory consequences and allergic reaction lists – the usage of their cellphone. Google parent organisation Alphabet has partnered with a subsidiary of Nikon to work on detecting diabetic retinopathy. Google acquired an application application interface management agency to create facts pipes in an effort to enhance interoperability amongst hospitals, physicians, and sufferers.
Indeed, those are exciting instances for the fitness care zone as virtual technologies permit new enterprise and care delivery fashions. These developments are supporting health care professionals solve today’s issues and carve a path toward affordable, accessible, awesome fitness care. There can be no better time to enact familiar fitness take care of all Filipinos.