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27.6 million Filipinos live below the poverty line and 12.2 million live below the subsistence level.

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27.6 million Filipinos live below the poverty line and 12.2 million live below the subsistence level.

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PH poverty projected to be at 18.7% in 2021: WB

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PH poverty projected to be at 18.7% in 2021: WB

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MANILA -- Poverty incidence in the Philippines is expected to fall below 20 percent in 2020 and further decline until 2021, a year before President Rodrigo Duterte's term ends, according to the projections made by the World Bank (WB).

In its latest Macro Poverty Outlook for East Asia and the Pacific Report, the World Bank expects the poverty rate in the Philippines at 20.8 percent by the end of 2019, down from the estimated 24.5 percent in 2016.

The World Bank had estimated the Philippines' poverty incidence at 23.1 percent in 2017 and 21.9 percent in 2018.

In its latest report, the World Bank saw the poverty rate in the Philippines further declining to 19.8 percent in 2020 and 18.7 percent in 2021.

Presidential Spokesperson Salvador Panelo on Thursday said the Palace welcomed as "good news" the latest report of World Bank, which "recognizes the strength and resiliency of our domestic economy."

Panelo also thanked Duterte's economic and poverty reduction teams for doing a "splendid job in the past three years in moving the Philippines onwards," despite criticisms hurled against the administration.

"We consider this projection as consistent with the goal of our Philippine Development Plan crafted in 2017 where our economic managers targeted to reduce poverty incidence to 14 percent at the end of the term of President Duterte in 2022. This is equivalent to about six million people that are to be lifted out of poverty," he said in a statement.

The number of Filipinos living below the poverty line fell to 21 percent in the first half of 2018, compared to the 27.6 percent registered in the first half of 2015, based on data released by the Philippine Statistics Authority in April.

The dramatic decline in poverty has emboldened Duterte's promise of reducing poverty incidence to 14 percent by the end of his term.

Panelo said Duterte's office was optimistic that state departments and offices would double their efforts in implementing the government's anti-poverty initiatives.

"While this is proof that genuine and palpable change has indeed come, the Palace expects all officials and employees of relevant departments and agencies to double their efforts as they strive to provide more programs that our countrymen, especially those belonging to the marginalized sector, can beneficially take advantage of," he said. (PNA)

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PH poverty projected to be at 18.7% in 2021: WB

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MANILA -- Poverty incidence in the Philippines is expected to fall below 20 percent in 2020 and further decline until 2021, a year before President Rodrigo Duterte's term ends, according to the projections made by the World Bank (WB).In its latest Macro Poverty Outlook for East Asia and the...

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Technologies that can educate, equip, and empower the poor such as mobile banking, mobile health care, and more can be viewed in the link below. 

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Technologies that can educate, equip, and empower the poor such as mobile banking, mobile health care, and more can be viewed in the link below. 

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Transformational technologies that can help reduce poverty rate: IoT-based Smart Agriculture, 5G Wireless + IoT, and Distributed ledger or blockchain, technologies.

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Transformational technologies that can help reduce poverty rate: IoT-based Smart Agriculture, 5G Wireless + IoT, and Distributed ledger or blockchain, technologies.

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Why should we address decent work and economic growth?

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Why should we address decent work and economic growth?

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The congested known capital of the Philippines with almost 12 million people and growing have lower employment rate? It is not implausible that Metro Manila though it has a million souls yet have less workforce for the populace composes thousands of squatters who have no permanent job or are jobless, but just resorting on criminal activities like theft to get through everyday their Manila life.
The drop in employment or the decrease on the number of employed workers on Metro Manila's seven hundred large business enterprises signifies growing rate of unemployment within Metro Manila despite its growing large population.

According to the Statistics of Bureau of Labor and Employment Statistics (BLES),employment in Metro Manila on the said seven hundred business enterprises decreased by 2.05 percent this second quarter of the year 2011.The Bureau of Labor and Employment Statistics (BLES) blame this employment drop on the decline of Philippine economy.

"This occurred as the4 domestic economy - measured in terms of gross domestic product or GDP - slowed down considerably to 3.4 percent in the second quarter from the robust 8.9 percent growth in 2010...measured in terms of labor turnover rate, employment growth declined as hiring or accession rate fell behind separation rate by 2.05 percentage points.."

The accession rate is 8.60 percent while separation rate is 10.65 percent, thus it yields 2.05 percent decrease.

On accession rate, according to the Statistics of Bureau of Labor and Employment Statistics (BLES) is reduced to 21 workers per 1,000 employed persons were hired on the workforce and 86 workers per 1,000 employed were hired due to replacement from the fired or terminated workers or resigned workers.

While separation rate is increased into 107 workers per 1,000 employed were either terminated or fired from their jobs or have quitted/resigned from their jobs.

The business enterprises that gains highest separation rate are:

(1) Real Estate and Renting and Business activities; gaining 9.43 percent either employee initiated quits or fired by the employer;

(2) Manufacturing business; gaining 6.04 percent either employee initiated quits or fired by the employer;

(3) And Hotel and Restaurants; gaining 6.02 percent either employee initiated quits or fired by the employer.

The separation rate is more of employee initiated quits or resigns having 6.67 percent than employer initiated quits or than being fired or terminated having only 3.98 percent. Thus, signifies that most workers in Metro Manila are not personally satisfied in their work or jobs or somewhat not committed.

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Unemployment In Manila – The Philippines

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The congested known capital of the Philippines with almost 12 million people and growing have lower employment rate? It is not implausible that Metro Manila though it has a million souls yet have less workforce for the populace composes thousands of squatters who have no permanent job or are joble…

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Unemployment has worsened with 4.2 million Filipinos reported jobless in February 2021.

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Unemployment has worsened with 4.2 million Filipinos reported jobless in February 2021.

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Online selling is an option for business-minded Filipinos who want to make money online. 

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Online selling is an option for business-minded Filipinos who want to make money online. 

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https://www.britannica.com/place/Manila
http://ncr.emb.gov.ph/historicalbackground/

https://www.easyexpat.com/en/guides/philippines/manila/overview/economy.htm
https://www.un.org/development/desa/socialperspectiveondevelopment/issues/employment-and-decent-work.html