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ADB: Low 14% poverty rate by 2022 on track

The Philippines is well poised to meet its target of reducing poverty incidence by 2022, with the Asian Development Bank (ADB) providing the necessary support to initiatives that aim to address inequalities across the country, such as the government’s massive infrastructure buildup and its social protection programs, according to a key official of the institution.

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SSS seeks measures to release P1K pension

The state-run Social Security System (SSS) is seeking the issuance of an Executive Order (EO) or the enactment of the proposed amendment of Republic Act 8282 or Social Security Law of 1997 to fulfill the promise of Pres. Rodrigo Duterte to give additional benefit to SSS pensioners.SSS President and Chief Executive Officer Emmanuel Dooc issued the statement amidst clamor from …

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Japan grants P970M for Marawi rehab bid

Manila and Tokyo signed last May 15 an agreement that would provide the Philippine government with a 2-billion yen (P970 million) grant from Japan to support ongoing efforts for the reconstruction and rehabilitation of the devastated city of Marawi in Mindanao.

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Expert urges government to go slow on 4Ps

The government should consider slowing down the implementation of the Pantawid Pamilyang Pilipino Program (4Ps) to make sure only the poor benefit from it.

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Reducing inequality focus of Philippines thrust

Reducing inequality is at the core of the Philippine Development Plan 2017-2022, the country’s blueprint for socioeconomic development, National Economic and Development Authority (Neda) Undersecretary for Policy and Planning Rosemarie Edillon told members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) that Edillon led the Philippine delegation to the UNESCAP’s recent 74th Session held …

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Philippines seeks disaster database for Asean

The Philippines has urged its fellow member-states in the Association of Southeast Asian Nations (Asean) to build a region-wide database on disaster risk management to facilitate the sharing of information on mitigating the effects of climate change and ensure timely cooperation among them in the face of calamities.

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High inflation temporary TRAIN effect—economist

The moderate rise in inflation is only “temporary” and remains manageable under a robust economy even with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, which is necessary to support funding for the government’s massive spending on the “Build, Build, Build” program and on social services, according to the Department of Finance (DOF).

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Bigger Philippine palay harvest seen in first half of 2018

The total harvest area for palay nationwide may widen by nearly 32,000 hectares in the first half of the year from the year-ago level, possibly lifting national rice production by 1.2 percent, the Philippine Statistics Authority (PSA) has projected.

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Most Philippine seas, reefs in a terrible state

A marine ecologist warned that the majority of marine ecosystems in Philippine seas are facing severe risks of degradation, despite the country’s stature as one of the best diving destinations in the world.

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DOTr & Jica mobilizing new MRT-3 maintenance provider

The Philippine government, together with Japan, are working together to speed up the rehabilitation of the Metro Rail Transit 3 (MRT-3).

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