Monthly Archives: April 2013

Poverty level remains unchanged since 2006 – govt survey Poverty level remains unchanged since 2006 – govt survey. A street dwelling couple with their mobile cart-home looks for a place to settle down before nightfall along Sto. Domingo Street in Quezon City on Tuesday. Economic indicators may show the country is getting richer, but the…

Although elsewhere the prospect for high growth this year was seen ranging no more than 5 percent in terms of gross domestic product (GDP), the sovereign-credit watcher Moody’s Investor Service anticipates accelerating local output as high as 7 percent.

(Updated 4:30 p.m.) Philippine output this year and the next is seen settling within the government’s growth goals, driven by the construction and business process outsourcing sectors and domestic demand, a unit of debt watcher Moody’s Investors Service said Wednesday.

On the average, 28 out of 100 Filipinos live in poverty ,unchanged for the past six years. This translates to 26 million very poor Filipinos. “The poverty rate would have been higher if not for the implementation of the conditional cash transfer program,” NEDA Director General Arsenio Balisacan said.

MANILA, Philippines – The country’s foreign debt stood at $60.3 billion at the end of 2012, a $1.4-billion reduction from the $61.7-billion level in the third quarter, the Bangko Sentral ng Pilipinas (BSP) said yesterday.

Through massive investment in human development and poverty reduction, the government is still hopeful that the results of the next poverty statistics will improve, particularly on the proportion of poor Filipinos, the National Economic and Development Authority (NEDA) said in a press briefing on Tuesday.

After government data showed that poverty levels in the Philippines have remained unchanged since 2006, Malacañang on Tuesday asked Filipinos to give the Aquino administration three more years to promote inclusive growth in the country.

In a statement to the IMFC in Washington, ILO Director-General Guy Ryder says international policy response efforts are not matching growing global concern over growth, job creation and poverty reduction.

A CHAPTER of the IMF’s World Economic Outlook released last week and presented at a series of seminars in Manila analyzes growth takeoffs in dynamic emerging markets and developing economies during the past 60 years. The chapter considers the economic and structural conditions and policies of emerging markets and developing countries that have taken off…

There’s more sobering news on the state of the country’s environment, according to an environment official during Monday’s celebration of Earth Day: The Philippines has the second-lowest forest cover in Southeast Asia and its biodiversity is among the most threatened in the world; despite the country having one of the most extensive coral reef areas…

THE Philippine environment is “still under intensive care” and without people’s support, and government’s efforts are not enough to preserve it, Environment Undersecretary Demetrio Ignacio Jr. said yesterday.

MANILA, Philippines – A surge in foreign investments would drive long-term growth, but it may also hurt the economy, according to British bank Barclays.

MANILA – Poverty incidence in the Philippines has eased little over the last seven years, the National Statistical Coordination Board (NSCB) said on Tuesday, adding that the main difference between being poor last year and being poor in 2006 is that it’s become harder to escape poverty as of 2012.

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MANILA, Philippines – Women are forced to resort to desperate measures to ensure job tenure and security.

MANILA, Philippines – The economic benefits of the credit rating upgrade the Philippines won from global ratings firm Fitch Ratings come in two waves, businessmen and industry analysts said.

Germany saw activity fall for the first time since November Activity in the eurozone’s services and manufacturing sectors continued to fall in April, a survey has indicated, with even German output declining.

Washington — More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited.

US manufacturing growth slowed in April The US manufacturing sector grew at its slowest pace in six months during April, a survey has suggested.

MANILA, Philippines — An estimated 52 percent of Filipino families, or 10.6 million, consider themselves poor, the results of a new Social Weather Stations survey showed.

ECONOMIC GROWTH has failed to make a dent on poverty, data released by the government yesterday indicated, with the rate — equivalent to a little under three out of 10 Filipinos — unchanged in the last six years.

DESPITE ECONOMIC GROWTHS 10% of Filipino families rated ‘extremely poor’ Economic growth over the past six years hardly made a dent in poverty incidence in the Philippines, as the percentage of Filipinos living below the poverty line remained practically the same between 2006 and 2012, official statistics showed.

MANILA, Philippines – Poverty incidence in the country practically remained unchanged with almost three out of 10 FIlipinos living below the poverty line in the first half of 2012, the National Statistical Coordinating Board (NSCB) revealed on Tuesday

Agri, infra to help bring down poverty incidence Rocamora: We expect questions from the opposition MANILA – The National Statistical Coordination Board (NSCB) reported on Tuesday that the poverty incidence, or the share of the population whose income is below poverty line, is barely unchanged at 27.9% for the first semester of 2012 compared to…

The Philippines has failed to make headway in cutting rampant poverty, with more than one in four citizens deemed poor despite the country’s economic growth, according to census figures released Tuesday.

MANILA, Philippines (UPDATED) – The country’s poverty incidence stood at 27.9% in the first semester of 2012, virtually unchanged from the same period in 2006 and 2009.

More than 1 of 4 Filipinos poor – survey Despite the unprecedented economic growth and the huge budget allotted by the government to its poverty-alleviation project, the number of poor Filipinos has not changed, according to the National Statistical Coordination Board (NSCB).

MANILA – Poverty incidence in the Philippines has eased little over the last seven years, the National Statistical Coordination Board (NSCB) said on Tuesday, adding that the main difference between being poor last year and being poor in 2006 is that it’s become harder to escape poverty as of 2012.

MANILA, Philippines – Natural disasters like typhoons kept many poor Filipinos below the poverty line, the National Statistical Coordination Board (NSCB) said as it released Philippine poverty data for the first half of 2012.

THE government is yet to make a significant headway in reducing poverty in the Philippines based on a report released by the National Statistical Coordination Board (NSCB) on Tuesday.