Thursday, February 27, 2020

Oct 22 19, 9:32 am

Bahrain reports seven new cases of COVID-19

Bahrain reported seven new cases of COVID-19, raising the total number to 33. Bahrain’s Health Ministry said six infected tested positive upon arrival at Bahrain International Airport from Iran. The infected patients were transferred to Ebrahim Khalil Kanoo Community...

5 expats jailed, deported for faking road accident

Five Arab men were sentenced to spend three years in prison for faking reports of road accidents to scam insurance companies. The Umm Al Quwain Misdemeanour Court also fined the suspects with Dh750,000-Dh150,000 each and ordered their deportation upon serving jail...

Poverty rate in PH seen falling by 2020

by | News

Oct. 22, 19 | 9:32 am

World Bank estimates that the poverty rate is seen declining at 19.8 percent for 2020. Photo from the Philippine Institute for Development Studies website.

Starting 2020, poverty incidence in the Philippines is projected to fall below 20 percent. 

According to the World Bank, poverty rate is seen declining at 19.8 percent next year and 18.7 percent in 2021.
 
By the end of 2019, the poverty incidence rate is expected to be around 20.8 percent. 
 
This is more than five percent down from the 26 percent in 2015, more than four percent in 2016, more than three percent in 2017, and more than one percent in 2018.
 
The medium-term poverty projections were based on the lower middle-income poverty line of $3.20 (Php 163.78) per day. 
 
A report from the Macro Poverty Outlook for East Asia and the Pacific was released this week during the sidelines of the Washington-based lender’s annual meeting. 
 
The report also cited the contribution of the government’s conditional cash transfer program or the Pantawid Pamilyang Pilipino Program (4Ps). 
 
It said that the scheme helped “cushion the impact of negative shocks”. 
 
The declining trend of the poverty incidence was attributed to the continuous expansion of non-agriculture wage employment, rising real wage, the continuation of social programs, and stabilizing inflation. 
 
How will the Philippines continue this rate?
 
World Bank says the country needs to foster high-quality job creation and boosting human capital investment that would enhance the impact of economic growth on poverty reduction and shared prosperity. 
 
It also advise that targeted investments and supportive business regulations are needed in industries and sectors that generate high-quality jobs in order to increase the growth impact on poverty and inequality. 
 
For workforce to stay competitive in a fast-changing global work environment, the report said human capital investments in education and health must be fortified, including training and skills development. 
 
The latest poverty incidence figure is equivalent to 23.1 million poor Filipinos, which is more than five million down from the 28.8 million below the poverty threshold three years ago. 

Jobs

Latest News

Bahrain reports seven new cases of COVID-19

Bahrain reports seven new cases of COVID-19

Bahrain reported seven new cases of COVID-19, raising the total number to 33. Bahrain’s Health Ministry said six infected tested positive upon arrival at Bahrain International Airport from Iran. The infected patients were transferred to Ebrahim Khalil Kanoo Community...

Enjoy exclusive deals at The Big Shopper Sale at Expo Centre Sharjah

Enjoy exclusive deals at The Big Shopper Sale at Expo Centre Sharjah

Filipino shoppers at Sharjah will soon witness rock-bottom prices for their favourite brands as The Big Shopper Sale will be hosting a festival of discounted deals from March 4 to 7 at Expo Centre Sharjah from 11:00 am to 11:00 pm. Organzied by Liz Exhibitions, the...

Nourish your skin with Enchanteur Cream

Nourish your skin with Enchanteur Cream

For many Filipinos especially ladies, it’s of prime importance to look and feel good all the time regardless if it’s during the coolest winter feels, the warmest summer period or any season in between. The moment you transition from outdoor to indoor temperatures and...

Experience casual, comfortable Athleisure footwear with Call It Spring

Experience casual, comfortable Athleisure footwear with Call It Spring

Filipinos planning to get a new pair of shoes for their morning walks, weekly gym visits, or practically for any casual occasion can now show off their style with the new trendy Athleisure footwear collection from Call It Spring! The new collection from Call It Spring...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

BROCHURES

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

BROCHURES

© 2020 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in News
Duterte arrives in Japan for Emperor’s enthronement
Published On  October 22, 2019
Thai king’s consort stripped of titles for being ‘disloyal’
Published On  October 22, 2019
19 Filipinos injured in road accident in Italy
Published On  October 22, 2019
Close