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100 million more workers plunged into poverty during pandemic, says UN

Nina Larson, Agence France-Presse
Posted at Jun 03 01:50 AM

COVID-19 "has not just been a public health crisis, it's also been an employment and human crisis", the International Labour Organization chief says. Read more »

If not now, when? COVID-19 spurs global push to tackle wealth gap

Dhara Ranasinghe, Reuters
Posted at May 26 09:24 PM

Governments worldwide, facing strong evidence that fallout from COVID-19 has widened wealth gaps as well as wrecking economies, have expanded social safety nets and in some cases begun exploring bolder ways of tackling the imbalances.   Read more »

Pandemic drove 230 million Indians into poverty: study

Agence France-Presse
Posted at May 06 11:57 PM

MUMBAI - Around 230 million Indians fell into poverty due to the pandemic last year with young people and women the hardest hit, and the current second wave threatens to make matters even worse, a new study has said. Read more »

Ekonomiya bumagal, bilang ng mahihirap tumaas dahil sa mahigpit na lockdown: ADB

ABS-CBN News
Posted at Apr 29 08:53 PM

Nagbunga ang mahigpit na quarantine ng mabagal na ekonomiya at mas maraming mahihirap, ayon sa ADB. Read more »

Pandemic 'clearly' worsened PH poverty in 2020: ADB official

Warren de Guzman, ABS-CBN News
Posted at Apr 28 03:06 PM

Poverty in the Philippines worsened due to the COVID-19 pandemic and will remain high this year, an official of the Asian Development Bank said Wednesday. Read more »

Tencent pledges $7.7 billion to support China poverty, environment initiatives

Reuters
Posted at Apr 20 09:07 AM

Chinese tech giant Tencent on Monday pledged to invest 50 billion yuan ($7.68 billion) in environmental and social initiatives, a move that comes as China's internet heavyweights come under intense scrutiny from antitrust regulators. Read more »

Connected women are key to pandemic recovery in the Philippines

Beth Ann Lim, director for APAC Policy Programs and Government Outreach, Facebook
Posted at Mar 11 06:56 PM

Women represent half the world’s population and half of its potential to grow, create opportunities and to overcome poverty.  Read more »

Cash injection urged to help poor fight COVID-19 during vaccine wait

Emma Batha, Thomson Reuters Foundation
Updated as of Feb 07 04:34 PM

LONDON - More than 80 percent of people in some developing countries have lost income due to COVID-19, economists said on Friday, warning that soaring poverty could hamper efforts to control the disease in nations where mass inoculation may be a long way off. Read more »

THE DAY IN PHOTOS: February 5, 2021

ABS-CBN News
Posted at Feb 05 11:11 PM

Here are the big stories today in photos. Read more »

Poor pandemic response for the poor

ABS-CBN News
Posted at Feb 05 01:44 PM

The group scored the Duterte administration for failing to address the economic concerns of the poorest sectors of the country, specially at the time of the coronavirus pandemic.  Read more »

Inflation slowing down, BSP likely to cut rates anew by 25 bps: economist

ABS-CBN News
Posted at Feb 02 04:48 PM

The Bangko Sentral will likely its policy rate again by at least 25 basis points to help the national government's infrastructure program and boost the economy amid the continuing impact of the pandemic, an economist said Tuesday.   Read more »

Young man’s death sheds light on life of China’s poor, and prompts an outpouring of sympathy – and questions

Qin Chen, South China Morning Post
Updated as of Jan 30 07:19 AM

A 22-year-old video gamer is dead and his friend, and commenters online, want to know how China failed him. Known as Mocha, he left haunting posts online showing his worsening health, descent into poverty and growing hunger. Chinese have rallied to him in death. Read more »

Reddit users say GameStop rocket is revenge of the masses

Glenn Chapman, Agence France-Presse
Posted at Jan 29 04:49 PM

For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.   Read more »

Ilang residente namalimos ng pang-Media Noche dahil sa pandemya

ABS-CBN News
Posted at Dec 31 08:32 PM

Namamalimos ang ilan ng panghanda sana sa kanilang Media Noche.    Read more »

'Paano sila na walang handa?': Bakery gives out food packs to the homeless on Christmas

Job Manahan, ABS-CBN News
Updated as of Dec 31 03:04 AM

“The secret to happiness is helping others.”    Read more »

'Things are looking up,' Palace tells Filipinos who say life got worse

ABS-CBN News
Posted at Dec 23 05:42 PM

"Things are looking up," Malacañang said on Wednesday as it sought to boost public optimism, after an opinion poll revealed that 3 in 5 Filipinos their quality of life worsened this year, during which the COVID-19 pandemic left businesses struggling and millions without job.  Read more »

SWS: 3 in 5 adult Filipinos say quality of life got worse in 2020

ABS-CBN News
Updated as of Dec 23 07:21 PM

Three out of 5 or 62 percent of adult Filipinos said that quality of life got worse this year, according to a recent Social Weather Stations (SWS) survey released Monday.   Read more »

Araw ng mga migrante ginunita; dagdag na proteksyon sa OFWs inihirit

Johnson Manabat, ABS-CBN News
Posted at Dec 18 06:52 PM

Ayon kay Bayan Muna Rep. Ferdinand Gaite, may mga panukalang batas na sa Kamara para tugunan ang hinaing ng mga tripulanteng Pinoy. Read more »

Only 16 percent of Filipino families say they are not poor: SWS

Rose Carmelle Lacuata, ABS-CBN News
Posted at Dec 14 08:07 PM

Only 16 percent of Filipino families said they are not poor, a Social Weather Stations survey released Monday showed. Read more »

Mga kasambahay na naka-live-out arrangement dumarami: DOLE

ABS-CBN News
Posted at Dec 07 04:47 PM

Dumarami ang mga kasambahay na mas gusto ang live-out arrangement at masuwelduhan batay na rin sa umiiral na minimum wage, sabi ngayong Lunes ng isang opisina sa ilalim ng Department of Labor and Employment (DOLE). Read more »