Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

Marching for justice: Heeding the Church's call

Manila Bulletin

|

September 18, 2025

A Trillion-Peso March will be held on Sunday, Sept. 21, at the EDSA People Power monument by the Church Leaders Council for National Transformation and civil society organizations. The day marks the 53rd anniversary of the declaration of martial law by then President Ferdinand E. Marcos, Sr. Indeed, the current wave of protest actions in the country is driven by pent-up discontent about the yawning gap between the elite few and the Filipino masses.

My focus today is on Pope Leo XIV's critique of the "widening pay gap between corporate bosses" such as Elon Musk and the ordinary working people." But first, let's be firmly grounded on the seriousness of the poverty problem in our country.

The World Bank, updating a 2018 study in November 2022, presented key findings on a study entitled Overcoming Poverty and Inequality in the Philippines: Past, Present, and Prospects for the Future.

First, the good news: "The country has made important gains in poverty reduction, with the poverty rate falling to 16.7 percent in 2018 from 49.2 percent in 1985. By 2018, the middle class had expanded to nearly 12 million people and the economically secure population had risen to 44 million."

And now, the not-so-good news: "Income inequality, however, is still high, with the country's income Gini coefficient, which measures the distribution of income across a population, at 42.3 percent in 2018, one of the highest income inequality rates in East Asia, the World Bank said. The wealthiest one percent of earners capture 17 percent of national income; all those in the bottom 50 percent collectively receive only 14 percent."

MÁS HISTORIAS DE Manila Bulletin

Manila Bulletin

DBP needs longer dividend relief to recover MIC capital

State-run Development Bank of the Philippines (DBP) will continue to seek regulatory and dividend relief for several more years as it aims to recover the capital it infused into the Maharlika Investment Corp. (MIC).

time to read

1 mins

December 2, 2025

Manila Bulletin

FLI deploys P2 B for 10 new projects

Gotianun-led Filinvest Land Inc. (FLI) reported that it has reinvested ₱1.86 billion raised from the share buyback and exchange for Filinvest REIT Corporation (FILRT) shares executed on December 11, 2024.

time to read

1 min

December 2, 2025

Manila Bulletin

Olivarez captures back-to-back Open titles

Eric Jed Olivarez further solidified his status as one of Philippine tennis' brightest stars after clinching the Mayor Edwin Olivarez National Open Tennis Championship crown for the second straight year, emphatically defeating the same opponent he swept in last year's finals.

time to read

1 min

December 2, 2025

Manila Bulletin

An indelible trademark for nat'l athletes

The design went public June last year on the track suits of Filipino athletes while in training camp in Metz for the Paris Olympics Last October, Filipino athletes at the World Games in Chengdu last August were all clad in a perked up and more colorful tracksuits and podium shirts, and the same uniforms were worn at the Asian Youth Games in Manama in October.

time to read

1 min

December 2, 2025

Manila Bulletin

Manila Bulletin

PH to miss 2025 growth target

Corruption taking heavy toll on economy

time to read

2 mins

December 2, 2025

Manila Bulletin

Angara: 2026 DepEd budget to sustain universal, targeted school feeding

Department of Education (DepEd) Secretary Sonny Angara on Monday, Dec. 1, said the 2026 budget of the DepEd will allow the agency to sustain its combined approach of universal and targeted school feeding, as lawmakers approved a significant increase to strengthen the government's efforts to curb undernutrition and support early learning.

time to read

1 mins

December 2, 2025

Manila Bulletin

Corruption scandal hits investor trust

Japanese financial giant MUFG Bank Ltd. said investors have turned pessimistic following heightened political risks, but the relative strength of the Philippine peso is buoying sentiment.

time to read

1 mins

December 2, 2025

Manila Bulletin

PNP, Informatics ink education pact to boost digital skills of cops

The Philippine National Police (PNP) said Friday, Nov. 28, that it has expanded its push for atechnology-skilled and future-ready force through a newly signed educational partnership with Informatics Philippines and PNP Foundation, Inc. (PNPFI).

time to read

1 mins

December 2, 2025

Manila Bulletin

Borrowing costs drop on S&P nod

The Marcos administration borrowed P25 billion through the sale of short-dated Treasury bills, exceeding its planned amount of P22 billion, as lower borrowing costs and a recent affirmation from debt watcher S&P Global Ratings boosted investor appetite.

time to read

2 mins

December 2, 2025

Manila Bulletin

Pag-IBIG Fund assists 3.2 million members through cash loans in Jan-Oct, up 28%

Pag-IBIG Fund helped 3.2 million Filipino workers meet their immediate financial needs through its short-term loan (STL) programs from January to October 2025, marking a 28% increase in borrowers compared to the same period last year, officials announced on Monday, Dec 1.

time to read

2 mins

December 2, 2025

Listen

Translate

Share

-
+

Change font size