Filipinos who actively use digital financial platforms are significantly more likely to own bank accounts and conduct formal financial transactions, with the state-run policy think tank saying stronger digital engagement is a key driver of financial inclusion in the country even as barriers such as...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
Some Filipinos classified as “non-poor” may actually be living in poverty, as current measurement methods fail to capture how resources are shared within households, according to state-run think tank Philippine Institute for Development Studies (PIDS). In a statement on Friday, April 24, PIDS...
Philippine motorcycle sales maintained an upward trajectory in the first quarter, rising 11 percent as expensive petroleum prices and high borrowing costs pushed consumers toward more economical transport alternatives. Data from the Federation of Asian Motorcycle Industries (FAMI) showed that the...
State-run policy think tank Philippine Institute for Development Studies (PIDS) has flagged a widening housing gap in Metro Manila, as rapid urban revitalization drives up land values and pushes affordable housing to the periphery. In a statement on Tuesday, April 21, PIDS said that while...
The country risks pushing 1.3 million more people into poverty as an energy crisis and record-high fuel prices threaten to drive the national poverty rate to 14.4 percent, the state-run Philippine Institute for Development Studies (PIDS) warned. Before the Middle East conflict triggered a national...
A small group of patients, mostly suffering from chronic illnesses, accounts for a disproportionate share of hospital spending in the Philippines, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). In a statement on Wednesday, April 1, PIDS cited its study...
Local government units (LGUs) in the Philippines are spending far below what is needed to deliver basic primary health care (PHC) services, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). A PIDS discussion paper t itled “Are Philippine Local...
The global oil shock triggered by escalating conflict in the Middle East is hitting the Philippines’ poorest households the hardest, as surging fuel costs spill over into food prices and erode purchasing power. A March 26 position paper by state-run policy think tank Philippine Institute for...
State-run policy think tank Philippine Institute for Development Studies (PIDS) said persistent gaps in old-age income security could weigh on the Philippines’ long-term growth prospects, as limited pension coverage and high labor informality leave a large segment of the elderly financially...
A state-run think tank is warning that the Philippines risks erasing significant educational progress by reversing its mother tongue-based multilingual education (MTB-MLE) program, particularly in the Visayas and Mindanao regions. In a Dec. 16 discussion paper titled “Linguistic Mismatch and...
State-run think tank Philippine Institute for Development Studies (PIDS) has urged the Philippine government to implement several key measures to ensure the success and sustainability of the circular economy (CE) transition. “The state’s desire to promote economic transformation and sustainable...
