Malacañang said the recent poverty and food insecurity numbers are concrete signs that President Marcos ' anti-poverty programs are delivering results. File photo Communications Undersecretary Claire Castro said this after the latest OCTA Research survey showed that the number of Filipino...
While the Philippines has made strides in reducing poverty, uncertainties wrought by the looming global trade war may reverse some gains, according to the World Bank. "Employment indicators suggest continued poverty reduction since 2023. The unemployment rate fell to 3.8 percent in 2024 (from 4.4...
The percentage of Filipino families who consider themselves “mahirap” or poor slightly increased to 52 percent in March, equivalent to around 14.4 million households, based on the Stratbase-Social Weather Stations (SWS) survey conducted from March 15 to 20. This figure was up from 51 percent...
John Louie Abrina/Manila Bulletin A Social Weather Stations (SWS) non-commissioned survey released on Wednesday, Jan. 8 revealed that Filipino families considering themselves poor increased to 63 percent in the fourth quarter of 2024–the highest self-rated poverty in 21 years. In the survey...
Before the pandemic, the Philippine poverty rate was only 19 percent, but scaled up to 23 percent in 2021, at the height of Covid-19. President Marcos was able to reduce it to 15.5 percent percent by 2023. Stop celebrating, though, because the Philippines has a population of 119 million, and if...
Current political issues in the Philippines are not affecting the performance of the country's economy, an official of the Department of Finance (DOF) assured the public. Finance Undersecretary Domini Velasquez said investor confidence has not waned despite the growing noise in the political arena....
A few months before reaching the midpoint of his six-year term, President Marcos ensured that the government was doing everything so every Filipino would benefit from the country's improving economy. File photos/Arnold Quizol Marcos said this after the Japan-based Rating and Investment Information,...
President Marcos has vowed to invest in job-generating infrastructure and social protection programs to further lower the country's poverty rate to nine percent by 2028 after reporting that the poverty rate dropped to 15.5 percent last year. In a video message late Friday, Aug. 9, Marcos noted that...
President Marcos was proud when he said that the Philippines was able to weather the different challenges it faced, especially economic challenges. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/MANILA BULLETIN) Marcos said this as he delivered his third State of the Nation Address (SONA)...
The Philippine Statistics Authority (PSA) reported an improvement in the country's poverty incidence last year, in line with the government's goal of reducing it to single digits by 2028. Based on the preliminary findings of the 2023 Family Income and Expenditure Survey (FIES), the poverty...
The National Economic and Development Authority (NEDA) has estimated that over seven million Filipinos could have escaped poverty if inflation had remained within the government's target over the last two years. NEDA Secretary Arsenio M. Balisacan said that the high inflation rate, which averaged...
President Ferdinand "Bongbong" Marcos Jr. (left), House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has reiterated the Marcos administration’s true target for poverty alleviation in the country--that is, a...
