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,...
DAVAO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is no longer the poorest region in the country based on the latest poverty incidence report of the Philippine Statistics Authority (PSA). TOURISTS pose for a photo at Pink Mosque in Datu Saudi Ampatuan, Maguindanao del Sur....
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’ chief economic manager is confident that the country can uplift approximately 2.5 million poor Filipinos annually, given sustained economic growth of at least six percent bolstered by government borrowings. Finance Secretary Ralph G. Recto is optimistic about achieving a...
President Marcos’ chief economic manager stated that achieving single-digit poverty incidence among Filipinos may happen sooner than expected. Finance Secretary Ralph G. Recto said last year's poverty rate, which better the target, was "very encouraging," given that it is also lower than...
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 Department of Social Welfare and Development (DSWD) reiterated on Friday, July 19th, its commitment to enhance the lives and welfare of every Filipino through investments in human capital, in response to the latest survey results from the Social Weather Stations (SWS), which showed a...
House Speaker Martin Romualdez (Speaker’s office) The Marcos administration’s all-encompassing service caravan--the Bagong Pilipinas Serbisyo Fair (BPSF)--has helped mitigate poverty and hunger among Filipinos, says House Speaker...
The Department of Social Welfare and Development (DSWD) on Tuesday, April 23 welcomed the latest results of the OCTA Research “Tugon ng Masa” survey, which showed a decline in self-rated poverty and hunger in the first quarter of 2024. DSWD Assistant Secretary for Disaster Response Management...
