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As the province rises from the devastation wrought by Typhoon “Pablo” two years ago, local officials on Tuesday inaugurated a P289-million irrigation dam, touted as one of Mindanao’s biggest, optimistic of a stable rice production and rice sufficiency.
The monetary authorities on Tuesday forecast inflation to moderate further in October, likely ranging only from 3.7 percent to no more than 4.6 percent.
MORE FILIPINOS went hungry last quarter, the Social Weather Stations (SWS) said in a new report, citing worsened situations across most areas except Mindanao.
Forty three percent, or some 9.3 million Filipinos, considered themselves food-poor or hungry while 55 percent, or 12.1 million Filipino families, considered themselves poor, according to a survey conducted by the Social Weather Stations (SWS), a respected survey firm here.
Tracking official poverty statistics, more people in Metro Manila and the rest of Luzon rated themselves poor and “food-poor,” according to a survey conducted last month by pollster Social Weather Stations Inc. The administration can regard the survey as just the latest challenge to intensify efforts to alleviate poverty and make the fruits of economic growth trickle down to the grassroots.
In a speech delivered in the Senate on Monday, October 27, Senator Grace Poe said that hunger is like a war which punishes children the most. They bear "scars of hunger and poverty".
Markets should brace for more uncertainty if the US Federal Reserve decides to further hold up raising interest rates or put an end to its monthly asset purchases, a Bangko Sentral ng Pilipinas official said ahead of the Fed’s meeting this week.
In a country that is agricultural and rich in marine resources, why are millions getting hungry? High food prices are among the culprits.
Businessmen yesterday urged the government to immediately lay down policies that would pave the way for the development of large-scale agriculture and value-added extractive industries.
The private sector is quite upbeat over the Philippine economy, but notes the need to move from a consumption-driven market as a way of fueling further expansion, business executives said.