Saturday, February 4, 2012

...the programs

5 ABS-CBN shows named finalists in NY TV awards

02/04/2012

 
MANILA, Philippines - Five ABS-CBN News and Current Affairs programs made it to the 2012 list of New York Festivals TV and Film Awards finalists.

ABS-CBN’s flagship news program “TV Patrol” is among those being considered under the festival’s Best Newscast category for its typhoon "Juaning" coverage.

Under the Magazine Format category, the weekly show “Rated K” hosted by broadcast journalist Korina Sanchez was included in the list for the episode entitled “Kuwento ng Buhay Ko”.

Meanwhile, other ABS-CBN News and Current Affairs shows recognized by the prestigious award-giving body are: “Storyline” under Biography and Profiles, “EDSA 25: Sulyap sa Kasaysayan” under History and Society and “Krusada” under Social Issues and Current Events.

New York Festivals honors programming in all lengths and forms from over 40 countries.

The complete list of 2012 New York Festivals TV and Film Awards finalists can be found here.

Thursday, February 2, 2012

...the PSE

PHL shares breach record high on ‘strong optimism’




February 2, 2012

Philippine shares trekked higher in active trading Thursday, carried by a “strong optimism” among market players that 2011 would be a banner year for corporate earnings.

The optimism is also fueled by the perceived strength of Wall Street, “causing  local shares to trek higher,” said Jonathan Ravelas, market strategist at BDO Universal Bank.

The Philippine Stock Exchange (PSE) index surged 106.44 points or 2.25 percent to close at 4,822.08, breaching the record 4,747.90 the market achieved on Jan. 20.

“There is a strong optimism on full 2011 earnings, helping keep shares on the upbeat, especially with expectations of another rate cut,” said Ravelas, adding that a new round of interest rate cuts, which makes the cost of funds cheaper, would be good for corporations.

Regional markets also performed well.

“Asian shares rose on Thursday as encouraging manufacturing data soothed fears about the global economic fallout from the euro zone debt crisis… MSCI's broadest index of Asia-Pacific shares outside Japan climbed as much as 1.4 percent to a five-month high of 438.674, with Australia and China leading the gains, according to a Reuters report.

On the PSE, more than 8.337 billion shares valued at P18.155 billion were traded.

Winners led losers 109 to 57 with 41 issues closing unchanged.

“Wall Street stocks rallied after a report showed that US manufacturing activity grew at its strongest pace in seven months in January, shrugging off data suggesting Europe is struggling with fallout from its festering debt crisis,” Reuters noted in a separate report.

“The Dow Jones industrial average closed up 83.55 points, or 0.66 percent, at 12,716.46,” Reuters added.
It was a blend of positive sentiments, starting with Wall Street overnight, said Freya Natividad, head of research at F. Yap Securities Inc.

The employment figures for the Philippines last year was also good, she said, noting that the manufacturing numbers for the US, China and India also gave the market the momentum its deserves.

“If the market is able to keep up with this momentum, I think, we are looking at 5,000 [on the PSE index] short-term… possibly within the first quarter, if the momentum is upheld, Natividad noted. — TJD, GMA News

...the positive climate


Philippines enjoying positive economic climate: official

February 02, 2012
Philippine Star



MANILA (Xinhua) -- The Philippine government said on Thursday that the country is
experiencing positive economic climate amid a challenging global economic environment.
     
Philippine Deputy Presidential Spokeswoman Abigail Valte said that contrary to allegations
by some members of the opposition, economic indicators had showed an improvement in
general economic conditions.
     
"Self-rated poverty is down, growth has resumed its upward trajectory as shown by the
fourth quarter figures which are higher than the second and third quarter figures,
unemployment in the fourth quarter was also down, infrastructure spending has been
accelerated, and the stock market has once again reached new highs, " she said
at a regular news briefing.
     
"All of these indicate that, while we expect this year to be challenging due to global
economic environment, the business environment is improving, and policies toward
promoting equitable growth are taking effect," she added.
     
The Philippine economy grew 3.7 percent last year and the government is eyeing
5 percent-6 percent growth for gross domestic product in 2012. 

...the bayanihan paper

Sociological study touching on bayanihan bags int'l award

 
February 2, 2012
GMA News
 
Petilla’s paper was recognized as one the five best among the 52 papers presented at the conference, which had the theme “Social Science Perspective on Human Security”.
 
In his paper, Petilla discussed the reasons for internal migration (or the moving of people from rural to urban centers) and how it can pose a threat to home-base human security because it depletes the local community and hinders it from progressing and developing socially and economically.
 
To address this situation, Petilla suggested the development of a strategy called “indigenous volunteerism”, or bayanihan. It can be done through continuous or long-term action through various interventions, such as education and knowledge sharing, skill and competency development, leadership, good governance, and environmental literacy. These interventions empower the young and those left behind who serve as the home-base workforce that will sustain the community’s social and economic sides.
 
The 20th IFSSO conference was participated in by 269 social science professors, instructors, and government officials from Canada, China, Denmark, Germany, Ghana, Hungary, India, Indonesia, Japan, Nigeria, South Korea, Thailand, Turkey and the US. Petilla, currently the chief of NRCP’s Administrative and Finance Division, represented the Philippines, along with NRCP Social Sciences Division Chairperson Carmencita T. Aguilar and NRCP Social Science Division Regular Member Dr. Nestor T. Castro, who was elected the new President of the IFSSO during this assembly. — TJD, GMA News

...the hidden gem

Investors see 'hidden gems' in Philippines

02/02/2012
 
 
 
MANILA, Philippines - Bank of America-Merrill Lynch says investors are bullish on the Philippines because many stocks here have little or no exposure to the weak economies of Europe and the U.S.
 
The bank helped organize an ongoing 3-day roadshow in Hong Kong for 30 Philippine companies to meet potential investors.

"A lot of the underlying companies don't have as much of a correlation or connection with what's happening in Europe and the U.S.," Clemente Antonio Puno IV, global corporate and investment banking director at Bank of America-Merrill Lynch (Singapore), said in an interview on ABS-CBN News Channel.

"That's true for a lot of ASEAN markets as well but i think in the Philippines there are a lot of hidden gems."

Puno said investors find the country attractive because of economic fundamentals, strong banks, companies with low debt, and the prospect of a boom in infrastructure and mining.

He also said investors are confident the government will boost spending, after underspending, and the delayed start of its public-private partnership projects, helped damped growth last year.

"Investors understand there was a lot of cautiousness to begin with but the government has shown at least toward the end of last year and early this year that the spending will pick up and that's aimed at truly moving forward the PPP program."

"We saw one project getting awarded and that's encouraging for a lot investors. Same as in other countries in the world, investors will be focused on how the program is implemented and how easy it is to come on shore and do business under onshore regulations."

Bank of America said investors are looking at the fast-growing Southeast Asian region as a whole, picking less between countries such as the Philippines and Indonesia, and more among companies across the region.

 "A lot of investors are looking at ASEAN as a block when they look at investing and they really pick the companies where they see a lot of growth and a lot of returns going forward."

Wednesday, February 1, 2012

...the growth projection

Philippines’ growth seen to pick up in 2012

GDP expansion forecasts range from 3.6% to 4.5%


By: Doris C. Dumlao, Michelle V. Remo
Philippine Daily Inquirer



Workers check the reinforcing bars at a construction site in Makati, the financial district of Manila on Monday, January 30, 2012. The Philippine economy is expected to grow at a faster pace this year than in 2011, when it posted a "feeble" 3.7 percent growth. AFP PHOTO/NOEL CELIS


The Philippine economy will likely grow at a faster pace this 2012 from last year’s anemic performance as the government’s pump-priming could add to the momentum from private consumption and prospective export recovery, according to New York-based think tank Global Source.

In a report titled “Nowhere to Go but Up?” written by Filipino economists Romeo Bernardo and Margarita Gonzales, Global Source said a 4.5-percent gross domestic product growth for this year remained achievable, “where surprises may even be on the upside.” The commentary was issued after the government’s announcement on Monday of a 3.7-percent full-year 2011 GDP growth.

JP Morgan Chase & Co. agreed that with the help of a low interest rate environment, the Philippines would likely achieve a faster economic growth this year, possibly within the 4-percent territory.

HSBC economist Trinh Nguyen added that while the government would likely “do what it can to boost growth,” the Philippine economy would expand by only 3.6 percent this year.

All the growth forecasts fall short of the Aquino administration’s official target of between 5 and 6 percent.

The Global Source report also predicted that the Bangko Sentral ng Pilipinas might sanction another 25-basis-point policy rate cut before the year ends “while the inflation outlook remains benign and before a growth pickup is fully established.”

JP Morgan Chase also expected the BSP to cut by end-March the key policy rates by another 25 points to again hit the record lows, saying the monetary agency would likely take advantage of the low-inflation environment.

But HSBC’s Nguyen, despite her slower growth outlook, no longer expected the BSP to cut key interest rates further after the quarter-point reduction in January.

“Exports are unlikely to recover in 2012, but acceleration of government consumption growth should continue supporting growth throughout this year,” Nguyen said. “The BSP supported growth by cutting interest rates by 25 [basis points] in January 2012. However, ample liquidity and robust domestic demand conditions means further cuts are unlikely.”

Global Source said that apart from base effects, there seemed to be some momentum coming from private consumption, which still grew a robust 6.7 percent annually in the fourth quarter of 2011, likewise up 1.6 percent quarter on quarter on a seasonally adjusted basis.

The think tank added that the peso depreciation during the period likely enhanced the purchasing power of remittances, which had been growing quite robustly (by about 7 percent) while compensation of overseas workers as recorded under net primary income rose 3.6 percent after dipping annually for three consecutive quarters.

“We also anticipate some recovery in merchandise exports as firms in the electronics and semiconductor industry have started to note an increase in orders that could bring volumes back up to 2010 levels,” the Global Source research said. This would translate easily to double-digit growth which, while seemingly impressive, actually comprises one-offs – such as a rebound in production from supply disruptions tracing to Japan’s tsunami and nuclear crisis and massive Thai floods,” the think tank said.

“Because of the country’s cost advantages, we believe services exports, which grew by 18.5 percent in the fourth quarter last year, will likely remain strong despite threats of a clampdown on the outsourcing sector by the current US government,” the research said.

...the bold adobo flavor

US foodies predict 'Year of Adobo'

02/01/2012

New Media America, which describes itself as a group of 2,000 ethnic news organizations, ran a story on Filipino cuisine on its website, declaring that it is "poised to break gastro ceiling."

Lamb adobo, a sophisticated twist on an old Filipino favorite. Photo by Karen Flores, ABS-CBNnews.com


MANILA, Philippines -- Filipino food is currently creating a buzz in the United States, leading industry observers to believe that the Year of the Dragon, which began last January 23, could be the "Year of the Adobo."

Adobo is meat (from pork and chicken to seafood and offal) braised in garlic, vinegar and soy sauce. Each household, town, province and region in the Philippines has a different way of preparing this otherwise simple Filipino viand.

New Media America, which describes itself as a group of 2,000 ethnic news organizations, ran a story on Filipino cuisine on its website, declaring that it is "poised to break gastro ceiling."

"The Year of the Dragon will be the Year of the Adobo if some local foodies are predicting it right," the article said.

The article also quoted veteran food writer Nancy Freeman as saying: “I think there are so many hot Filipino restaurants now, and they have really helped get this food bubbling to the surface of the marketplace.”

It noted the emergence of Filipino eateries in the San Francisco Bay Area, including gourmet food trucks, such as Adobo Hobo, Señor Sisig, Hapa SF and Lumpia Cart.

The article also mentioned that a new line of frozen appetizers with the brand name “Kusina ni Maria” is now available in almost 20 Whole Foods Markets and select Costco Stores across Northern California.

Growing interest

Because of the growing interest in Filipino food, the Philippine Consulate in San Francisco has launched cooking events in line with its "Kulinarya" travel packages, which were designed by the Philippine Department of Tourism and Philippine Airlines to entice Americans to go to the Philippines for food trips.

The article on New Media America also gave suggestions on how to make Filipino cuisine more palatable to American consumers.

"Filipino cuisine could break through the mainstream food scene by making it as healthy as possible, especially by cutting down on grease and sodium i.e. soy sauce,” it said, citing Nicholas von Wettberg, the managing editor with the local Fil-Am Star newspaper.

"Another important step for Filipino chefs is to consider veering away from 'lutong buhay,' or home-style cooking, as much as possible and work towards making it more creative and commercially appealing," it said, quoting Freeman.

“It can’t just be as my mom or grandma makes it. It can be however you want to make it, it can be a modern take, it can be fusion, it can be whatever tastes good, as long as it reflects its roots."

Big, bold flavors

Meanwhile, In the latest edition of Specialty Food, the magazine of international group National Association for the Specialty Food Trade, writer Joanna Pruess noted the "big, bold flavors" of Filipino cuisine.

The magazine has the Filipino lumpia (spring roll) on its cover.

"While similar to other Asian cuisines, Filipino food is less spicy, shares many commonalities with Spanish foods and has distinctive combinations, such as very salty ingredients added to sweets, that make it distinctive," Pruess wrote.

Tuesday, January 31, 2012

....the doctor

Danilo Casimiro–one of the world’s top vaccine developers, and a Filipino

 

The UP graduate is the only Filipino scientist in Merck’s vaccine discovery department, which produced the world’s leading vaccine against HPV


By: Alex Y. Vergara
Philippine Daily Inquirer
 
 
Danilo Casimiro, the only Filipino scientist who was part of the team that worked on Gardasil, the world’s leading vaccine against the human papillomavirus (HPV), is now busy working with colleagues on a vaccine to help prevent dengue.
 
Casimiro flew to Manila recently from West Point, Pennsylvania, where a number of Merck’s state-of-the-art laboratories and manufacturing plants are located, to give a series of talks to local pediatricians and gynecologists/ obstetricians about the need to address HPV at a young age through a series of vaccinations.

A magna cum laude with a BS Chemistry degree from the University of the Philippines Diliman, Casimiro later took postgraduate and doctorate studies in biochemistry and chemistry at the California Institute of Technology in Pasadena.

He holds the distinction of being the only Filipino scientist in Merck’s vaccine discovery department, composed of close to 90 people.


Second-generation drug

“To be honest with you, I was involved in Gardasil more on the tail-end,” the soft-spoken Casimiro said. “But, obviously, after Gardasil’s licensure, there were more studies that needed to be conducted.”

And those studies have led Merck to work on a second-generation HPV vaccine that works not only on four, but nine types of HPV. It’s now on its “phase three” or late-stage development.

It may be the gold standard in HPV vaccines today, but Gardasil, which was first introduced in the market in 2006, only covers 70 percent of HPVs, which cause cervical cancer among women. In effect, there are still so-called high-risk HPV types that aren’t covered by Gardasil.

“The second generation [Gardasil] adds five more types, which brings the coverage to 87 percent,” said Casimiro.

According to a Center for Diseases Control fact sheet, HPV is the most common sexually transmitted infection among sexually active men and women. The more than 40 types of HPV can cause anything, from benign but unsightly genital warts to life-threatening cancers such as cervical, anal, rectal, penile and even cancer of the oropharynx (back of throat).

Even monogamous couples who have had previous relationships are still at risk, as the virus, even if acquired from a previous sex partner and remains inactive in the body, can still be passed on to a current sex partner.

In most instances, as long as your immune system isn’t compromised, the body is eventually capable of neutralizing the virus by itself. But there are certain types of HPV that are resilient to the body’s immune system. These are the ones that could pose health problems to the individual later on.



In the Philippines, Gardasil, which comes in three shots ideally administered within a six-month period, is given to boys and men 9-26 years old, and girls and women 9-45 years old.

Age disparity

Why is there a need to give the vaccine early, and why the age disparity between men and women?

The immune system Gardasil brings about is better on a young person, even though he or she may not yet be sexually active. It’s just the way the body’s immune system works, said Dr. Ina Crisologo, an obstetrician-gynecologist and one of Merck’s medical advisers in the Philippines.

“In the Philippines, we have approval to make Gardasil available to girls as young as nine,” said Crisologo. “I’m not aware of any vocal opposition to giving the vaccine at such a young age.”

“As you age, you become less responsive to vaccines,” Casimiro added. “It has been shown for HPV, but I think it can apply generally.”

Certain consequences of HPV on males, particularly genital warts, can be acquired at any age. But studies Merck conducted are limited to the 9-26 age group.

“There may be some doctors who dispense Gardasil to male patients older than 26, but this is considered off-label,” said Crisologo. “Patients can just be informed that scientific evidence was based only on a specific population belonging to a specific age group.”

In other words, because of the absence of additional tests, it hasn’t been proven to be beneficial to people beyond certain ages. The same condition applies to women. Gardasil’s full efficacy has also been proven with the completion of three shots.

The way Casimiro sees it, Gardasil has revolutionized the market in more ways than one.

“Now you have adolescent and a young adult market, which before wasn’t very robust for vaccine manufacturers,” he said.

No stumbling block

As for his being a Filipino, it never became an issue or a stumbling block in his 15 years at Merck.

“One thing good about Merck is that they provide you with opportunities regardless of your racial origins,” he said. “Diversity as well as ethics and integrity are integral parts of the company’s core values. As long as you dedicate yourself to your work, the rewards and recognition will come.”

But his being Filipino does come into play with his work. This can be seen in the latest studies he and his colleagues are working on.

“I think my being a Filipino ties me to what’s important in the [Asia-Pacific] region,” he said. “For example, I was involved in the initial part of formulating the team for the dengue vaccine Merck is publicly working on. I feel passionate about vaccines not only on what’s relevant to the developed market, but also for the emerging markets.”

...the K-Pop finalists

Filipino teens shine in tvN ‘K-Pop Star Hunt’

 

It is always exciting to meet young Filipinos who get their talents noticed and appreciated abroad.

Talented teens Rince Cajucom (19) and twins Charlene (17) and Charmaine (17) Albino represented the Philippines in the "tvn K-Pop Star Hunt." Being in the Top 11 of this grueling "American Idol-like" talent contest is no small feat as these teens faced talented finalists from other Asian countries including Hong Kong, Singapore, Taiwan, and Thailand.










Rince Cajucom (19) and twins Charlene (17) and Charmaine (17) Albino represented the Philippines in the "tvn K-Pop …


tvN KPOP Starhunt top 11 finalists (Publicity photo)

Monday, January 30, 2012

...the essayist

UP grad wins over P100,000 in intl essay tilt in Japan


January 30, 2012
GMA News

A graduate of the University of the Philippines in Diliman, Quezon City won Y200,000 (P112,344) for his essay about the vision of a new Japan after last year's devastating magnitude-9 quake and tsunami.

Chiden Balmes won the Prize of Excellence for the Japan Foreign Trade Council Inc. (JFTC) Essay Competition 2011, with his essay topping the 186 entries from 43 countries.

"Balmes was among the top two entries from 186 submissions from 43 countries who joined the essay competition with the theme 'Vision for a New Japan after 3.11,'" the Philippine Embassy in Japan said Monday.

The full text of Balmes’ essay may be accessed at the website of the JFTC.

Balmes topped the 2007 batch of BS Public Administration of the University of the Philippines-Diliman when he graduated magna cum laude.

Balmes is now taking a masters course at the Catholic University of Korea.

The embassy said Balmes’ prize-winning essay earned unanimous praise from JFTC Essay Competition selection committee members for “the clear, structured way in which the author frames his thoughts.”

In his essay, the committee said Balmes “frames his argument by saying that Japan needs to become an ‘innovation superpower’, and compellingly outlines the potential Japan has in three areas: Entrepreneurial Japan; Green Japan; and Global Japan."

The committee also noted Balmes concluded his essay by positioning 3.11 as a major opportunity for Japan to the become the innovation superpower he proposes.

Nicole Brown of Jamaica won the Grand Prize of ¥1 million for her essay titled “Japan v3.11-Reclaiming the Date.”

The awarding ceremonies were held last Jan. 6 in Tokyo, with Balmes being feted for his essay “The Making of New Innovative Japan: Road Map to Great Recovery.”

JFTC was founded in June 1947 as a core private-sector organization in the area of international trade.

It has a nationwide membership of private companies and organizations such as trading companies and organizations, manufacturers, financial institutions, shipping companies, and other companies and organizations with interests in international trade. - VVP, GMA News

...the Philippines in Asia

Philippines in the new East Asia context

01/29/2012


“The Philippines has a new president, Noynoy Aquino. The Philippines is the next growth story in the next 10 years, you see some investors in Indonesia already leaving and moving to the Philippines”. - Karim Raslan, Global Agenda Council on Southeast Asia


This year, I had the honor of being invited as a Young Global Leader (YGL) participant to the World Economic Forum in Davos, Switzerland.






The World Economic Forum is undoubtedly, the most high-profile, most covered yet exclusive conference in the world – only 2,000 participants are invited to attend the annual gathering – ranging from heads of state, prime ministers, the world’s royalty from kings & queens…down to their heirs, influential politicians, nobel laureates, academicians, advocacy leaders, social entrepreneurs and not to mention, famous celebrities.

Imagine, in this one conference….

Federal Chancellor of Germany Angela Merkel, United Kingdom Prime Minister David Cameron and Canada Prime Minister Stephen Harper each separately addressed the plenary but had one message: the world economy is in trouble and that action must be taken. But the nagging question on everybody’s mind was how to do it? Bailing out bankrupt economies? Ending the social welfare system and getting countries to be more economically productive? To keep and scrap economic unions like EU?

Microsoft founder Bill Gates spoke on health & chaired another session on G20.

Chelsea Clinton moderated an event on E-Philantrophy.

The revolutionary Nobel Laureate Muhammad Yunus of the Grameen Bank gave his insights on his breakthrough idea on the power of youth to transform society through social business.

French director Luc Besson taught a session on the power of film on how it can be an agent of change, Japanese actor Ken Watanabe spoke on the power of storytelling…famous authors Paolo Coehllo and Rick Warren, even Mick Jagger dropped by in a few YGL parties and danced with some of us, including me! Only in Davos.

Apart from Europe’s spreading economic crisis, there was discussion also on China’s emergence as the new economic power – eclipsing the United States – or if the European contagion will impact on China.

But in all these discussions - how does a small developing nation like the Philippines fit in all this?

With no representation from the Philippine government this year, the Philippines was surprisingly discussed in “The New Context in East Asia”, one of the sessions moderated by Senior Research Fellow Stephen Roach of the Jackson Institute for Global Affairs & Yale University.

One of the distinguished panelists, Karim Raslan of the Global Agenda Council on South-East Asia says the Philippines will be a serious player in Asia in the next few years, “The Philippines has a new president, Noynoy Aquino. The Philippines is the next growth story in the next 10 years, you see some investors in Indonesia already leaving and moving to the Philippines”.

Raslan cites one important but often neglected quality necessary for economic growth – and tha, the says, is honesty. “Honesty in a leader is important. In Indonesia we’ve seen leaders immune from prosecution, but in the Philippines – when you’re out of office there is (prosecution)”. Clearly referring to experiences of former President Joseph Estrada and now Gloria Arroyo, Raslan laughs, “now I don’t know…some might say that’s a good thing or a bad thing”.

I think it would’ve been a plus if President Aquino came & gave a session on “Good Governance equals Good Economics”, an agenda he’s been trumpeting, which could’ve signaled how doing business with government has changed.

It’s something, he says, Malaysia can learn from. With elections coming this year, Raslan adds, its important to address deep-rooted problems like corruption, “we put off economic reforms”

But when I asked Raslan to enumerate on some immediate economic growth areas, he was quick to say – focus on creating jobs & tourism, “the much controversial Open Skies policy is critical in encouraging tourism, the Philippines is a good tourism opportunity, it’s the closest to China and that’s a huge market to tap. I think Bohol can be the Bali of the Philippines”. I found this to be quite interesting, given a random poll in Davos – most of foreigners I had spoken to either traveled to Thailand, Hong Kong and Singapore – and the main reason? Simple. Direct flights to all these destinations.

Raslan also cited the Philippines overtaking India in the BPO industry, “BPO has transformed middle-class lives, good area for growth”. Mining, he admits, is a big potential source for the Philippines, but given climate change & more storms, “it's imperative that mining be worked down in a regulatory framework, you can’t turn the clock back on progress, but strict measures can be put in place”

Chang Dae-Wan, panelist & Chairman of the Maekyung Media Group from Korea says trade among Asian nations is key to each one’s growth, including the Philippines. “it is important for most Asian countries to unite economically, without excluding the European union. The west can’t get its act together, there's opportunity in crisis – the current crisis can make for greater integration in Asia”.

Which is why, Raslan ends, “the Philippines needs to know more of Asia, and not be America–centric”.

Most Asian countries are having partnerships - Thailand going to Korea to learn anti-flood methods, Korean grid wanting to connect with the Japanese grid, Asia “credit rating companies” and the Asean 10 (our version of the European Union) are now the subject of talks. With China’s growth pegged at 9.2% and even if it turns out smaller, they’re financially stable enough to pump prime it, Asia is clearly where the growth is and the Philippines needs to be part of these partnerships.

HSBC recently projected that by 2050, the Philippines will be the 16th largest economy in the world, the reason being – sound economic fundamentals, rising income per capita, improved rule of law, stronger democracy and rising education.

Raslan sees this as possible, “good policy decisions will soon trickle down to the Filipino masses…in small increments….and to Filipinos, don’t be too negative, you’ll see it”.

Sunday, January 29, 2012

...the cure

Pinoy-developed cancer treatment could mean less pain for patients






 
A cancer treatment currently under development promises fewer side effects and less pain for cancer patients.

Developed by a team led by Dr. Jay Lazaro of the Institute of Biology, University of the Philippines-Diliman, the treatment uses immunoliposomes as carriers of drugs in cancer therapy. It is currently being tested on mice and part of a project funded by the Department of Science and Technology.

"This kind of breakthrough technology is part of DOST’s drug discovery program for 2012,” says DOST Secretary Mario Montejo. “It lists high in the priorities under the Department's antibody molecular oncology R&D in our search for anti-cancer treatments suitable to Filipinos.”

The more common method of treating cancer, chemotherapy, damages normal cells, so patients experience unpleasant side effects such as nausea, vomiting, allergic reactions, fatigue, weight loss, changes in taste and smell, loss of appetite and hair loss. Therefore, a treatment that affects fewer normal cells will result in fewer side effects.

The immunoliposome method coats cancer-treating drugs with liposomes, or microscopic artificial sacs that can be filled with drugs.

The technology is more specific as it targets only cancer cells. Since there are fewer non-cancer cells affected by the treatment, it results in less toxicity and the patient feels less pain.

The team is presently testing the technology using Caelyx, a cancer drug. However, “the technology can be eventually used for any other drug and any other illness,” says Dr. Lazaro.

Cancer treatment using Caelyx may cost from P40,000 to 45,000 for every 20 mg. Although the immunoliposome treatment may cost higher, it can potentially be more effective because it is target-specific and results in less toxicity. This could mean less fatigue for the patient and a greater chance of beating and recovering against the disease.

According to the Department of Health, cancer is one of the leading causes of morbidity and mortality in the Philippines, behind communicable diseases and cardiovascular diseases. — TJD, GMA News