President Gloria Arroyo signed on Monday an executive order that
would impose a mandatory 50-percent decrease in the prices of five
essential medicines after drug companies refused the voluntary
reduction of their prices.
The mandatory price reduction on five widely
sold drugs will take effect on August 15.
Sen. Richard Gordon said Tuesday that the government’s housing
policy was “a dismal failure” as housing agencies are sitting on
billions of pesos worth of collection from delinquent borrowers.
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