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Rizal Microbank’s lending receives support from IFC

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International Finance Corp., the private sector funding arm of the World Bank group, will team up with Davao-based Rizal Microbank to boost lending to small farmers with the goal of creating jobs and reducing poverty in Mindanao.

Posted: April 23rd, 2014 in Headlines | Read More »

Group urges passage of ‘competition law’

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Filipino food entrepreneurs display their products at the Sikat Pinoy National Food Fair at the SM Megatrade on March 28, 2014. The Philippine Chamber of Commerce and Industry has pressed the enactment of a Competition Law to further boost investments and employment as well as ensure inclusive growth.  PHOTO BY RICK ALBERTO

The Philippine Chamber of Commerce and Industry, the country’s biggest business organization, has pressed the enactment of a Competition Law to further boost investments and employment as well as ensure inclusive growth.

Posted: April 3rd, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

PH to miss 2015 poverty-reduction goal

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Pedetrians walk past houses in a shantytown in Manila on July 5, 2013. The government has conceded that the Philippines will miss its 2015 Millennium Development Goal on poverty reduction.  AFP PHOTO/Jay DIRECTO

The government has conceded that the Philippines will miss its 2015 Millennium Development Goal on poverty reduction. Under the updated medium-term Philippine Development Plan, the government has reset its poverty rate target to a range of 20 to 23 percent by 2015, or higher than the 16.6 percent committed under the MDG.

Posted: February 26th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

IFC supports lending activity of RCBC unit

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International Finance Corp., the World Bank’s private sector funding arm, seeks to help create new jobs and reduce poverty in Mindanao by supporting the agribusiness lending of Rizal Microbank, a thrift bank owned by Rizal Commercial Banking Corp.

Posted: December 16th, 2013 in Headlines | Read More »

‘Yolanda’ blows PH off millennium dev’t course

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The devastation caused by Supertyphoon “Yolanda” has pushed the Philippines further away from its Millennium Development Goal of reducing the poverty rate to 16.6 percent by 2015, according to the National Economic and Development Authority.

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

ADB urges gov’t to promote inclusive business models

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The Asian Development Bank has urged the government to create an enabling, more conducive environment that will allow more companies to develop “inclusive business” models, or those whose benefits will trickle down to the people at the grassroots level.

Posted: September 16th, 2013 in Headlines | Read More »

Gov’t expects big drop in poverty in 2014

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AFP FILE PHOTO

The Aquino administration expects the P399 billion earmarked for infrastructure development next year to result in a more significant drop in the country’s poverty incidence.

Posted: August 12th, 2013 in Editor's Pick,Headlines | Read More »

Gov’t ratchets up poverty reduction thrust

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Economic Planning Secretary Arsenio Balisacan: Inclined to take offer.  INQUIRER FILE PHOTO

The Aquino administration will fully support and develop five sectors that it considers critical in further reducing poverty in the country, said Arsenio Balisacan, director general of the National Economic and Development Authority.

Posted: June 28th, 2013 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

PH gets $300M WB loan for poverty reduction

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The World Bank has approved the extension of a $300-million loan to the Philippines to support the country’s efforts to attract investments and reduce the incidence of poverty.

Posted: March 21st, 2013 in Headlines | Read More »

The oil palm industry: A road to poverty reduction

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There is a potential controversy surrounding oil palm that could discourage domestic and foreign investments. If not nipped in the bud, it will have an impact on poverty reduction, particularly in Mindanao.

Posted: February 18th, 2013 in Columnists,Inquirer Columns | Read More »

A compelling business case of rural development

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There is a strategic link between poverty reduction and markets. Market size and growth are important to business as they affect profits and investment scale.

Posted: January 21st, 2013 in Columnists,Inquirer Columns | Read More »

Microfinance, self-employment to curb poverty, says IFC

As the country’s population grows, the need to create more jobs intensifies.

Posted: January 13th, 2013 in Headlines | Read More »

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