Over 25 million Filipinos were struggling to meet their basic needs, including food, due to insufficient income, the Philippine Statistics Authority (PSA) reported on Friday, Dec. 22. The PSA's preliminary 2023 First Semester Official Poverty Statistics showed that about 22.4 percent of the...
Income inequality in the Philippines remained one of the highest rates in East Asia despite important gains in poverty reduction following recent strong economic performance and improving access to employment, the World Bank reported. In a World Bank report titled “Overcoming Poverty and...
President Ferdinand "Bongbong" Marcos Jr. is confident that his administration will be able to bring down the country's poverty rate to nine percent by 2028. President Ferdinand 'Bongbong' Marcos Jr. presides over a meeting with the National Economic and Development Authority on Nov. 15, 2022 in...
The prolonged pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, saying the region will likely find it harder than before to escape poverty, a report by the Asian Development Bank (ADB) revealed. According to ADB’s Key Indicators for Asia and the...
More than two million Filipinos were pushed into poverty in the last three years, which the National Economic and Development (NEDA) blamed to the effects of the prolonged Covid-19 pandemic on the economy and employment that brought to 19.99 million total number of poor Filipinos in the country....
The latest survey showing that 12.2-million Filipino families felt "poor" makes the current administration's agenda on lowering the poverty rate "more urgent." Street crowd in Manila/File photo Press Secretary Trixie Cruz-Angeles stated this on Wednesday, Aug. 3, although President Ferdinand...
The ongoing coronavirus disease (COVID-19) pandemic has not only affected the Filipinos' health but also their wealth as it pushed more than four million individuals deeper into poverty, the Commission on Population and Development (POPCOM) said. A local watchman installs a warning sign on Monday,...
