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DSWD: CCT funds for 2015 only P429 M, not P4.2 B

October 25, 2014

MANILA, Philippines – The Department of Social Welfare and Development (DSWD) yesterday clarified their proposed monitoring and evaluation of the conditional cash transfer (CCT) program for next year was only P429.2 million, and not P4.2 billion. Read the rest of this entry »

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PH wealth gap seen narrowing

October 16, 2014

But gulf between rich and poor remains wide, says Credit Suisse

MANILA, Philippines–The gap between rich and poor Filipinos remains wide even as wealth inequality in the country has been rapidly declining in recent years, according Credit Suisse Group. Read the rest of this entry »

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Forget the jobs numbers, America needs to focus on its income problem

October 2, 2014

The jobs crisis is over. Now it’s on to the hard part: boosting American income.

Tomorrow is the first Friday of October, which means the Labor Department will release its monthly jobs report, an updated look at how many jobs the economy added and where the unemployment rate stands. Read the rest of this entry »

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The 50 richest people in the Philippines

August 1, 2014

Forbes magazine has released its list of top 50 richest people in the Philippines. On top for the sixth straight year is mall tycoon Henry Sy, with a $12 billion net worth – a $2.9 billion increase from a year ago. Read the rest of this entry »

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Industrial productivity ‘missing link’ in gov’t’s inclusive growth goal

July 7, 2014

MANILA, Philippines – No matter how prosperous the Philippine economy becomes, the country will still experience the “jobless growth” phenomenon of high unemployment and poverty levels, unless the full potential of the manufacturing sector is developed. Read the rest of this entry »

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Why rising inequality is here to stay

July 3, 2014

PARIS – The economic inequality seen in recent years will only get worse over the coming decades as highly skilled workers reap bigger gains from technological advances, the OECD said on Wednesday. Read the rest of this entry »

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Strategies for inclusive development

June 29, 2014

The Philippines successfully concluded hosting the 23rd World Economic Forum on East Asia which highlighted the impressive economic gains under President Aquino’s administration. Read the rest of this entry »

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US says PHL must generate wealth from the ‘bottom of the pyramid’

June 23, 2014

THE United States is very interested to promote entrepreneurship and innovation around in the Philippines and other developing countries to address the inequality problems. Read the rest of this entry »

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Victories for transgender equality and the long road ahead

June 22, 2014

This speech was delivered by New York-based fashion model and transgender rights activist Geena Rocero at the Democratic National Committee LGBT leadership council’s annual gala in the United States on June 16, 2014. Read the rest of this entry »

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How the other half fear: Super-rich worry that their wealth is killing drive and ambition in their children

June 22, 2014

With millions of pounds in the bank, you might have thought the world’s super-rich wouldn’t have a care in the world.

But a new survey has revealed the top fears of the world’s wealthiest people, and one of the most common is that their money is their children’s ambition and drive to do well. Read the rest of this entry »