Eco-Friendly ingenuities are motivating huge growth in the industry of plant-based plastic packaging market. The industry is chiefly driven by eco-friendly characteristics of these plastic. North America is foretold to be the utmost reve…
BMI View: There will be broad healthcare policy continuity in the Philippines under President Rodrigo
Duterte. In contrast to his other more controversial positions, Duterte's statements on healthcare are
relatively more nuanced and in line with current policy directions. The appointment of Jean Paulyn Rusell-
Ubial, an experienced official from the Department of Health, as health secretary will serve to further
maintain the status quo. Risks to multinational drugmakers from Duterte's presidency lie instead in his
management of the economy, as out-of-pocket payments are a dominant source of healthcare financing in
Headline Expenditure Projections
- Pharmaceuticals: PHP150.44bn (USD3.33bn) in 2015, rising to PHP156.19bn (USD3.26bn) in 2016;
+3.8% in local currency terms and -2.1% in US dollar terms. Forecast in line with last quarter.
- Healthcare: PHP656.11bn (USD14.52bn) in 2015, rising to PHP722.32bn (USD15.06bn) in 2016;
+10.1% in local currency terms and +3.8% in US dollar terms. Forecast in line with last quarter.