Tuesday, December 29, 2015

2016 Budget, Billion ang Lump Sum


Sa inyong palagay, saan nga ba mapupunta ang lump sum na ito? At saan dapat mapunta ang malaking bahagi nito? Comment below.


(Video credit) https://www.facebook.com/BisayaPaMore/videos/985539844852607/



Monday, December 14, 2015

GSIS and SSS to Release Cash Benefits to Members and Pensioners this December

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GSIS to release P848-M cash benefit to members



SSS to release P6-B for 13th month pensions

MANILA - Social Security System (SSS) will disburse funds amounting to P6.34 billion for the 13th month pensions of over 2 million SSS pensioners for retirement, disability and death.

SSS said the funds are scheduled for release to the pensioners' bank accounts and via mail this month.

SSS Vice President for Benefits Administration Division Agnes San Jose said that with the 13th month pension, SSS pensioners will receive double the amount of their regular monthly pension this month.

"The allotted funds for the 13th month pensions were already disbursed to SSS partner banks in November. As in previous years, SSS pensioners can expect to receive their 13th month pension at the same time as their regular December pensions," San Jose said.

SSS said over 99 percent of pensioners are enrolled in the Pension Payment through the Bank Program, which allows them to receive monthly pensions in their savings accounts.

Some 12,500 pensioners, on the other hand, opted to receive pension checks sent through the mail.

"Almost P6.31 billion for 13th month pensions are scheduled for release through pensioners' bank accounts. The remaining P34.61 million would be in the form of checks mailed to the designated addresses of the other pensioners," San Jose said.

The SSS provides pensions for retirement, death and disability under the Social Security (SS) Program, and for disability and death under the Employees' Compensation (EC) Program which offers additional benefits for work-related contingencies.

GSIS to release P848-M cash benefit to members

MANILA - The Government Service Insurance System (GSIS) is set to release 2014 cash benefits to its members amounting to a total of P848 million.

GSIS said the amount will be distributed to about 1.1 million members on December 15.

Those who will receive the benefit include members whose compulsory life insurance policies have been in force for at least one year as of December 31, 2014 and those whose policies have matured in 2014.

Also entitled to the cash benefit are members whose agencies were suspended as of December 31, 2014.

"This is our way of sharing with GSIS policyholders the earnings of the Social Insurance Fund comprising the contributions of members," GSIS president and general manager Robert Vergara said.

However, GSIS members whose compulsory life insurance policies lapsed in 2014 will not to receive the benefit.

Also excluded are those whose policies were terminated due to death, retirement, or separation, as well as those with unpaid salary and consolidated loans or premiums for at least 12 months as of December 31, 2014.

The cash benefit will be released through the GSIS eCard or unified multipurpose identification (UMID) card of qualified GSIS members.

GSIS is also set to release a Christmas cash gift to pensioners starting December 10.





Thursday, December 10, 2015

World's First Dengue Fever Vaccine Cleared

Globally, dengue is the fastest-growing mosquito-borne disease, with as many as 400 million people infected every year, according to the World Health Organization 
FIGHTING DENGUE. A health officer shows a sample of Aedes mosquito larvae during a campaign in Putrajaya, Malaysia, March 1, 2014. File Photo by Ahmad Yusni/EPA 
MEXICO CITY, Mexico – The world's first dengue vaccine won regulatory approval in Mexico on Wednesday, December 9, 2015 raising hopes that it could prevent more than 100 deaths there a year and eventually perhaps millions around the world.
 
Globally, dengue is the fastest-growing mosquito-borne disease, with as many as 400 million people infected every year, according to the World Health Organization.
 
The Dengvaxia Vaccine is being manufactured by French pharmaceutical giant Sanofi. The company has requested regulatory approval in 20 countries across Asia and Latin America, but Mexico was the first to give it the green light.
   

While the price tag has yet to be decided, the vaccine has the potential to be a "blockbuster" drug and generate more than $1 billion a year in revenue for Sanofi, said Olivier Charmeil, head of the company's vaccines division.
 
"It's a very important moment in the history of public health," Charmeil told the Agence France-Presse (AFP), describing Dengvaxia as the "innovation of the decade."
  
Mexico's National Vaccination Council will meet to decide whether Dengvaxia will be among the vaccines the government distributes without cost, the head of the health regulatory agency, Mikel Arriola, told AFP.
 
Mexican health authorities estimate the vaccine could prevent 8,000 hospitalizations and 104 deaths per year.

"It's a great step forward," Arriola said, adding that Mexico was able to move before other countries because it was involved in the research on the vaccine, carried out since 2006.

Rapidly growing disease

Scientists have long been stumped by dengue, which has four separate strains, forcing researchers to find a drug able to fight all of them at once.

Clinical tests -- carried out on 40,000 people from 15 countries -- have found Dengvaxia can immunize two-thirds of people aged nine years and older, rising to 93 percent for the more severe form of the disease, dengue hemorrhagic fever.
 
It was also found to reduce the risk of hospitalization by 80 percent.
 
Dengue can trigger a crippling fever, along with muscle and joint pain. There is no known cure, and children are at particular risk.

The deadliest form of the disease kills 22,000 people per year, the WHO says.

It was once considered a disease of the tropics, endemic in only nine countries.

But globalization, urbanization, climate change and jet travel are helping it to move into more temperate zones. It is now endemic in more than 100 countries.

The WHO says cases have risen 30-fold over the last 50 years, with more than half the world's population potentially at risk.

Sanofi to enjoy 'monopoly'

The 20 countries where Sanofi Pasteur hopes for authorization to market the vaccine have a total population of two billion people.

"We are waiting for more registrations in Asia and Latin America in the coming weeks," said Charmeil.

Several million doses of the vaccine are ready to ship, and Sanofi expects annual production to reach 100 million doses by 2017.

A stockpile for the European Union will be shipped early next year and for the United States a year later.

Sanofi's research and development work took 20 years, costing more than 1.5 billion euros ($1.6 billion).

But the vaccine could bring the company more than $1 billion annually starting in 2018 or 2019, analysts said.

But "it will depend on the markets, the target populations and the prices that are negotiated," said Eric Le Berrigaud, analyst at investment banking firm Bryan, Garnier & Co.

Other pharmaceutical companies are developing dengue vaccines, including US firm Merck, Japan's Takeda and Britain's GlaxoSmithKline.

But Sanofi is well ahead of the competition, said Le Berrigaud.

"Sanofi Pasteur has 4 years of monopoly in front of it," he said. – Sofia Miselem, AFP/Rappler.com