philippine news

Jul 22, 20080

World Bank backs subsidy for poor

Roderick T. dela Cruz
Manila Standard

The World Bank has expressed support for the Philippine government’s conditional cash transfer or subsidy program to help the poorest Filipinos cope with rising cost of living.

World Bank country director Bert Hofman said … Read the rest

Jul 22, 20080

More Filipino families going hungry – SWS

Helen Flores
Philippine Star

About 2.9 million Filipino families or 16.3 percent experienced hunger at least once in the past three months due to soaring food prices, the Social Weather Stations (SWS) reported yesterday.

In its Second Quarter 2008 Social … Read the rest

Jul 18, 20080

(As BSP jacks up interest rates) S&P warns subsidies to worsen economy

Maricel E. Burgonio
Manila Times

STANDARD & Poor’s (S&P) Ratings Service warned that state subsidy of food and fuel in countries like the Philippines compounds existing economic difficulties by bloating the government’s budget deficit and widening its trade gap.

The … Read the rest

Jul 16, 20080

Arroyo sets additional subsidy

Roy Pelovello
Manila Standard

ANOTHER round of subsidies worth P4 billion from the windfall collection of value added tax on oil and petroleum products will be made available to the poor, President Arroyo said yesterday.

In her opening statement at … Read the rest

Jul 16, 20080

P2 billion in VAT collections to subsidize poor Pinoys

Angelo S. Samonte
Manila Times

A total of P2 billion in proceeds from value-added tax (VAT) on oil will subsidize the poor in the country, President Gloria Arroyo announced Tuesday.

The Chief Executive said the new round of assistance will … Read the rest

Jul 16, 20080

P4-billion new subsidy programs for poor coming

Paolo Romero
Philippine Star

PLACER, Masbate – President Arroyo announced here yesterday that the government will provide another P4-billion worth of subsidies for the poor that includes financial assistance for electricity bills and cash grants for the elderly.

In her … Read the rest

Jun 23, 20080

WB willing to finance DSWD’s CCT scheme

Iris C. Gonzales
Philippine Star

The World Bank is willing to finance the government’s Conditional Cash Transfer (CCT) program, a social assistance program of the Department of Social and Welfare and Development (DSWD), which has been widely criticized by some … Read the rest

Jun 20, 20080

Subsidy to poor seen as economic booster

Rio N. Araja and Macon Araneta
Manila Standard

THE head of the National Anti-Poverty Commission said the P2-billion power subsidy and the P5-billion dole for the poor could help pump-prime the economy.

“The poor would have more money to spend. … Read the rest

Jun 19, 20080

Salceda: Social economy in deep s..t

by Jose Rodel Clapano
from The Philippine Star

Albay Gov. Joey Salceda said yesterday that the “social economy” or the “economy of the poor” in the country is now in “deep s..t.”

Speaking at the Newsmakers Forum at the Holiday … Read the rest

Jun 7, 20080

28 Cabinet men to lead pro-poor programs

Helen Flores
Philippine Star

Twenty-eight Cabinet secretaries will go out of their respective offices on June 12 to lead pro-poor programs of the government in commemoration of the 110th anniversary of Philippine independence.

Aside from assisting in the simultaneous flag … Read the rest

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