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Poverty in the Philippines is a complex issue influenced by various factors, including economic inequality, corruption, and inadequate access to education. The disparity in income across different regions and sectors creates significant barriers for many Filipinos, limiting their opportunities for upward mobility.
Petty crime, which includes pick-pocketing, is a problem in the Philippines. It takes place usually in locations with many people, ranging from shopping hubs to churches. Traveling alone to withdraw cash after dark is a risk, especially for foreigners. [7] [better source needed]
"If food inflation had been lower, of course the reduction in poverty could be much, much bigger," National Statistician Dennis Mapa told a news conference. Philippines poverty rate at 15.5% in ...
Since production was practically destroyed people engaged in the buy-and-sell business. [13] To encourage this, the Japanese created the so-called "Mickey Mouse" Money as their currency for the occupied Philippines and this caused inflation. An effect of this inflation was that prices rose to astronomical levels.
The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in developing Asia into extreme poverty as of last year, the Asian Development Bank said, eroding ...
The September inflation rate, which was above the 6.7% forecast in a Reuters poll, was driven mainly by high food and utility prices and brought the average rate in the nine months to September to ...
A day after the 2016 presidential election, presidential forerunner Duterte said, "I will be a dictator [...] but only against forces of evil – criminality, drugs and corruption in government", and vowed that if he failed to fulfill his promise to end crime, corruption, and drugs within the first six months of his term, he would step down from the presidency. [10]
The Philippines suffered from widespread corruption, [1] which developed during the Spanish colonial period. [2] [3] According to GAN Integrity's Philippines Corruption Report updated May 2020, the Philippines suffers from many incidents of corruption and crime in many aspects of civic life and in various sectors.