Herbal and traditional medicine received extra-leverage in the market recently when ABS Gen Herbs International Corporation, makers of the local ampalaya-based food supplement ABS Bitter Herbs, and the Philippine Herbal Health Care Association, tapped the popular former DoH Secretary-Senator, Juan Flavier, as the new envoy for herbal-based products.
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A US-based company engaged in transforming paper and electronic documents into Web-based information has bared plans to expand its operations in the country after taking in the Bank of the Philippine Islands (BPI) as its first local client.
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Analysts predict rapid growth in the massively multiplayer online roleplaying game (MMORPGs) sector. According to International Data Corp. (IDC), the Philippine online gaming industry generated revenues of R156.8 million in 2003, up from nearly nothing the previous year. This year revenues are expected to reach P1.5 billion, and grow at an estimated compound annual growth rate of 58.4 percent through 2007.
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The sub-continent of India and Brazil, the largest country in South America, are set to be introduced to online gaming by a pioneering Filipino game distributor that brought to the Philippines the phenomenal Ragnarok Online game.
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XMG, Inc., an ICT research company based in Canada is setting up its regional headquarters in Manila to serve its growing clientele in the Asia Pacific region.
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