5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

10% reduction in smoking population seen yielding savings of $687 million

by
September 3, 2025
in Stock
0
10% reduction in smoking population seen yielding savings of $687 million
BW FILE PHOTO

THE PHILIPPINES could save $687 million a year if it can convince 10% of its smoking population to shift to non-combusted alternatives, according to a De La Salle University study.

Associate professor Christopher James R. Cabuay said the findings were based on an estimate of $9.8 billion as the cost of smoking-related illnesses in 2019, including the cost of treatment and medicine shouldered by households.

“We are also talking about public resources that are dedicated to capacitating hospitals to treat these things, which is part of what we call the direct cost,” he said at the Consumer Choice Center briefing on Wednesday.

He added that indirect costs include lost productivity due to disability and death.

He said that the cost of smoking-related illness translates to about 2.48% of gross domestic product (GDP).

“Only a small part of that is… direct cost of treatment; the largest part of that is driven by smoking-attributable death,” he said.

The Philippines has one of the higher prevalences of smoking-attributable death relative to world averages.

For men, he said that prevalence in the Philippines is 23.2%, against the global average of 16.9%. For women, the corresponding numbers are 9.9% against 7.4%.

Citing the Global Adult Tobacco Survey, he said smoking prevalence in the Philippines was 18.5% in 2021, representing 14.4 million adult smokers.

“If, say, about 10% of the adult smoking population were to engage in tobacco harm reduction activities or they’re given this option, we could expect this cost of illness to decrease by $687 million annually, or 0.18% of GDP,” he said.

He said the issue is how the government can convince the public to shift.

“Who is going to bear the cost? Who’s going to provide the access (to alternatives)?” he added.

On Wednesday, the Consumer Choice Center brought together physicians, researchers, and consumer advocates from seven countries to discuss critical aspects of the World Health Organization’s Framework Convention on Tobacco Control.

“We needed an honest conversation about what’s working and what isn’t in global tobacco control,” according to Fred Roeder, health economist and president of the Consumer Choice Center.

“Many countries have seen different results with harm reduction approaches, yet these strategies remain largely unexplored in Southeast Asian policy discussions,” he added. — Justine Irish D. Tabile

Previous Post

DoE, UN agency studying impact of energy transition on coal industry

Next Post

Subway ROW acquisition target set at 95% by end of 2025

Next Post
Subway ROW acquisition target set at 95% by end of 2025

Subway ROW acquisition target set at 95% by end of 2025

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    British Business Bank backs NRG Therapeutics with £8m investment in £50m Series B round

    British Business Bank backs NRG Therapeutics with £8m investment in £50m Series B round

    September 8, 2025
    Sherbet secures record £40m investment to expand electric London black cab fleet

    Sherbet secures record £40m investment to expand electric London black cab fleet

    September 8, 2025
    Unions warn Labour not to dilute landmark workers’ rights bill after cabinet reshuffle

    Unions warn Labour not to dilute landmark workers’ rights bill after cabinet reshuffle

    September 8, 2025
    Farmers warn 5G rollout at risk as mast rents slashed by up to 90%

    Farmers warn 5G rollout at risk as mast rents slashed by up to 90%

    September 8, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.