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Gov’t raises 2014 CCT program budget to P63B

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The Aquino administration has proposed a much higher budget of P62.6 billion in 2014 for the conditional cash transfer (CCT) program.

Posted: July 24th, 2013 in Editor's Pick,Headlines | Read More »

28M to receive gov’t dole

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The government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership program. “This [P30 billion] will cover commitments made and obligations of the national government in the concession agreements for PPP projects,” Budget Secretary Florencio Abad (in photo) was quoted as saying in a report on the 2014 national budget published by Global Source. INQUIRER FILE PHOTO

State subsidy to the poor via the conditional cash transfer (CCT) program will further go up so that practically all of them are covered in two years’ time, Budget Secretary Florencio Abad said on Monday.

Posted: June 25th, 2013 in Headlines | Read More »

PH looks to MIC for lessons on reducing poverty

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Middle-income countries (MIC) like Brazil and Mexico have enjoyed relative success in reducing their respective poverty levels. Now, Philippine policymakers are looking to these countries to make sure that the local poor will not be left behind as the economy grows.

Posted: June 18th, 2013 in Headlines | Read More »

World Bank hails conditional cash transfer program

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world bank

The World Bank Bank said Friday the conditional cash transfer (CCT) program, for which the Philippine government spends a huge amount in monthly subsidies to the poor, is so far proving to be a worthy investment.

Posted: March 1st, 2013 in Latest Business Stories | Read More »

ADB cites PH cash-for-poor program

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The Philippines has set an example for countries on how to effectively carry out a conditional cash transfer program that will curb extreme poverty and help out millions of people without spending too much, according to the Asian Development Bank (ADB).

Posted: November 28th, 2012 in Headlines | Read More »

Manufacturing to hasten poverty alleviation, says PIDS

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Boosting the labor-intensive manufacturing sector could hasten poverty alleviation and help achieve inclusive growth in the country, the top official of the Philippine Institute for Development Studies (PIDS) said Monday.

Posted: September 3rd, 2012 in Headlines | Read More »

Review of PH poverty reduction goal sought

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The government should review its poverty-reduction target when updating the country’s economic blueprint.

Posted: August 27th, 2012 in Headlines | Read More »

Gov’t sets aside P1.2B to fund social pension

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Some 198,000 indigent elderly will each receive a monthly pension of P500 this year after the government earmarked P1.2 billion for this segment of the population.

Posted: January 23rd, 2012 in Latest Business Stories | Read More »

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