Tala Highlights Role Of Real-Time Data In Reshaping SME Lending At Money20/20 Asia

Tala’s Money20/20 Asia discussion highlights how real-time data can help reshape SME lending with faster and more informed decisions.

How Michelle Enriquez Turned A Search For Home Into DIY Travel Philippines

Michelle Enriquez turned a personal search for Filipino roots into DIY Travel Philippines, a community helping travelers explore the country with confidence.

How One Man’s Fight For Survival Shaped Asia’s Largest Dialysis Network

Asia’s largest dialysis network began with one man’s fight to survive and grew into a mission shaped by human need.

Cathay Land Taps COREnergy To Boost Energy Efficiency Across Developments

Cathay Land’s partnership with COREnergy highlights how real estate developments can make energy efficiency part of long-term growth.

Government To Boost Social Welfare Programs Amid Rise In Self-Rated Poverty

The government is taking steps to improve social safety nets for families facing economic difficulties.

Government To Boost Social Welfare Programs Amid Rise In Self-Rated Poverty

1542
1542

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Malacañang on Monday vowed to expand the government’s anti-poverty and hunger initiatives in response to a recent survey showing a rise in the number of Filipino families who consider themselves poor.

According to the latest StratBase-Social Weather Station (SWS) survey, 55 percent of Filipino families, or 15.5 million families, rated themselves as poor in April, a slight increase from 14.4 million families in March.

In a press briefing on Monday, Palace Press Officer Claire Castro acknowledged the survey’s findings and emphasized that the administration of President Ferdinand Marcos Jr. takes such reports seriously.

She quoted National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan that poverty is a dynamic issue, particularly in self-rated poverty surveys, which are often sensitive to inflation and fluctuations in the prices of essential goods.

“We understand that poverty incidents can be dynamic, in particular self-rated poverty surveys are sensitive to inflation, particularly the price level of commodities commonly consumed, say food, transportation, etc., prevailing at the time of the survey versus what it was in the recent past,” Castro said, referencing Balisacan’s statement.

In light of these rising poverty rates, the Palace official assured the public that the government is committed to expanding its social welfare programs to address hunger and poverty.

“Papalawigin pa po ang mga programa para matugunan po ang mga isyu patungkol sa kahirapan at kagutuman (We will expand the programs to address issues concerning poverty and hunger),” she said.

Among the programs that will be expanded are the PHP20 per kilogram rice initiative, the Department of Social Welfare and Development’s “No Hunger” program, the Pantawid Pamilyang Pilipino Program, and the school-based feeding program.

Castro reiterated that these efforts are part of the administration’s broader goal to alleviate poverty and improve the welfare of Filipinos, ensuring that the government’s programs reach those in need. (PNA)