The Department of Budget and Management (DBM) has released the 2023 Cancer Assistance Fund (CAF) amounting to P500 million to the Department of Health (DOH).
The amount is part of the DBM’s comprehensive fund releases at the start of the year.

According to DBM Secretary Amenah F. Pangandaman, this is an affirmation of the government’s commitment to boost the health and welfare of Filipinos suffering from cancer.

“For many years, cancer has been one of the leading causes of death in the country. Sadly, Filipino families, even those in the upper-income brackets, are vulnerable to catastrophic health spending due to high treatment costs and limited coverage of cancer care under public programs. Based on 2019 estimates, around 60 percent of the total public cancer expenditures comes from out-of-pocket payments and private insurance. Naiintindihan kong mabigat ‘yon sa bulsa at balikat ng ating mga kababayan,” said Secretary Pangandaman.

The CAF aims to complement and supplement existing financial support mechanisms for various cancer care and control services that are not yet covered by the Philippine Health Insurance Corporation and only partially covered by Malasakit Program.

“I hope we are able to shine a ray of hope to every Filipino battling the disease—the DBM is behind you and wants to give you a fighting chance,” Sec. Pangandanan added.

The fund will defray outpatient and inpatient cancer control services, including but not limited to, diagnostics, therapeutic procedures, and other cancer medicines needed for the treatment and management of cancer and its care-related components.

In addition, the CAF includes funding the needed diagnostics and laboratories in relation to eight priority cancer types.

These are breast cancer; childhood cancers; gynecologic cancers; liver cancer, including colorectal and other digestive tract cancers; adult blood cancers; head and neck cancers, including thyroid; lung cancer; and prostate, renal, and urinary bladder cancer.

In 2022, the DBM released P529.2 million for the CAF, P230.8 million of which was utilized by the DOH. The balance of P298.4 million may still be used until the end of 2023.
The execution of 2023 CAF will be based on the new guidelines to be released soon by the DBM and the DOH. (PR)

Leading digital solutions platform Globe closed 2022 with record-high capital expenditure (CAPEX) of P101.4 billion, 9% above the previous year’s figures. This is the largest annual investment the company has ever made for its mobile and fixed network, with the goal of providing a #1stWorldNetwork for its customers nationwide.

Globe has allocated the majority or 86% of its total cash CAPEX to data requirements to ensure its subscribers have access to the latest digital solutions and best-in-class connectivity wherever they are.

It has been investing in record levels of CAPEX over the past few years to build a #1stWorldNetwork. In 2022 alone, Globe put up 1,702 new cell sites, upgraded around 13,600 mobile sites to LTE, and installed 2,267 new 5G sites nationwide.

Globe’s strict governance processes have enabled the proper deployment of capital over the last few years, allowing it to finally focus on capital efficiency and cash flow optimization. This will bring CAPEX in 2023 down to $1.3 billion, over 30% lower than the 2022 peak level, with the mid-term target of reducing this further to $1 billion by 2024.

The reduced CAPEX will allow Globe to bring its free cash flow back to sustainable levels, as it reaps the benefits of the investments made in its infrastructure in the past few years.

“Globe is proud to have made record-high investments in our network in the past few years, allowing us to build a significant network backbone to support the demands of our customers. In 2023, we will focus our efforts on streamlining our capital deployment and maximizing the infrastructure we have on the ground, while ensuring we continue to provide the best digital solutions to our subscribers,” said Globe Chief Finance Officer Rizza Maniego-Eala.

With its commitment to innovation and customer satisfaction, Globe is poised to continue providing top-notch internet experience to its customers nationwide. (PR)