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Pinas ika-15 sa income inequality report ng World Bank

MANILA, Philippines- Pumwesto ang Pilipinas sa ika-15 sa 63 bansa sa aspeto ng income inequality, ayon sa World Bank report na ipinalabas nitong Huwebes. Batay sa World Bank report, ang 1% ng Philippine earners ay nakuha ang 17% ng kabuuang national income, habang 14% ng  income ay pinaghati-hatian ng bottom 50%.  “With an income Gini […] The post Pinas ika-15 sa income inequality report ng World Bank appeared first on REMATE ONLINE......»»

Category: newsSource: remate remateNov 24th, 2022

Global Mobility Service is representative case in Asian Development Bank report

Global Mobility Service Inc., a Finance-Technology startup which provides IoT-based fintech services for financial inclusion to the world's 1.7 billion poor and low-income people who cannot afford to own a car, announced that its efforts have been featured in a report published by the Asian Development Bank titled “Asia Small and Medium-Sized Enterprise Monitor 2020—Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines”.....»»

Category: techSource:  thestandardRelated NewsFeb 19th, 2021

Global Mobility Service selected as representative case in Asian Development Bank report

Global Mobility Service Inc., a Finance-Technology startup which provides IoT-based fintech services for financial inclusion to the world's 1.7 billion poor and low-income people who cannot afford to own a car, announced that its efforts have been featured in a report published by the Asian Development Bank titled “Asia Small and Medium-Sized Enterprise Monitor 2020---Volume III: Thematic Chapter---Fintech Loans to Tricycle Drivers in the Philippines”.....»»

Category: techSource:  thestandardRelated NewsFeb 18th, 2021

Latin America to bear worst impact from coronavirus: World Bank

Latin America and the Caribbean will suffer the worst economic and health impact from the coronavirus, the World Bank said Friday, forecasting a nearly 8.0 percent drop in regional GDP. “Our region is suffering the worst economic and health impacts of Covid-19 of anywhere in the world,” according to Carlos Felipe Jaramillo, the Bank’s regional vice president. He said the findings in the report “calls for clarity on how to combat the pandemic and put the economies back on track for a swift recovery.”  In its report, “The Cost of Staying Healthy” the Bank addresses the impact of the pandemic in a region with with high Covid-19 mortality and infection rates such as Brazil, Mexico and Peru. “The number of deaths per million people is as high as in advanced economies, if not more, but the resources available to counter the shock are much more constrained,” it said.  The bank forecasts a recovery with growth of 4.0 percent in 2021. The report forecasts a region-wide 7.9 percent drop in GDP, a slightly more negative outlook for 2020 than its last assessment in June of a likely 7.2 percent contraction. Crisis-wracked Venezuela — in acute recession for several years and with a government that at least 50 countries refuse to recognize — is not taken into account in the figures. The Covid-related economic crisis follows “several years of disappointing economic growth and limited progress on social indicators, and right after a wave of social unrest,” the report said. “The social damage is immense” the institution warned, adding that unemployment rates had soared across the region, “sometimes substantially.”  Surveys conducted in 13 countries in the region showed that the share of households suffering a decline in income is higher than the share experiencing job losses, it said. The findings suggest that “the impact of the crisis is not only severe but also potentially long-lasting.”.....»»

Category: newsSource:  mb.com.phRelated NewsOct 9th, 2020

‘Sharp’ global labour market slowdown underway: UN

GENEVA, Switzerland — The war raging in Ukraine and other overlapping crises are taking a toll on labour markets worldwide, the UN said Monday, suggesting a “sharp” slowdown was already underway. In a fresh report, the International Labour Organization cautioned that the outlook for global labour markets has deteriorated in recent months. “The ILO projects that if current trends continue, global employment growth will deteriorate significantly in the last three months of this current year 2022, and unemployment might start increasing,” agency chief Gilbert Houngbo told reporters. The UN agency warned that multiple, overlapping crises, compounded by Russia’s war in Ukraine, were piling up with the world still in the grips of the Covid-19 pandemic. Amid deepening energy and food security crises, swelling inflation, tightening monetary policy and fears of a looming global recession, it said both employment creation and the quality of jobs were declining. “While it normally takes time for an economic slowdown or a recession to result in job destruction and unemployment, available data suggests that a sharp labour market slowdown is already underway,” the report said. 40 million jobs missing At the beginning of this year, as the world began recovering from the height of the pandemic, employment-to-population ratios returned to or even exceeded pre-Covid-crisis levels in most advanced economies. ILO said this uptick was especially apparent in high-skilled occupations — but cautioned that it was also driven by a surge in informal jobs, where social protections are generally lacking. The situation has worsened in recent months, ILO said, estimating that overall hours worked was 1.5 percent below pre-pandemic levels in the third quarter. That amounts to a deficit of 40 million full-time jobs. As the number of jobs available is shrinking, surging inflation is causing real wages to fall in many countries, as many households are still grappling with pandemic-induced income declines, it said. Ukraine employment plunges Monday’s report highlighted in particular the dire employment situation in Ukraine itself since Russia invaded in February. Houngbo said the war had caused “a dramatic effect on Ukraine’s own labour market.” Inflation in the conflict-torn country is expected to top 30 percent by the end of the year, while ILO estimated employment there would be 15.5 percent below the 2021 level. That means 2.4 million jobs lost since the start of the war — half the number predicted by ILO in April, when the number of areas in Ukraine under occupation or facing active hostilities was higher. But the UN agency cautioned the “partial labour market recovery is modest and highly fragile.” It highlighted the large number of internally displaced people looking for jobs. “This risks pushing wages down in these areas,” Houngbo said. The report also estimated that 10.4 percent of Ukraine’s pre-war workforce — some 1.6 million people, mostly women — had fled to other countries. A recent survey found around a quarter of Ukrainian refugees had found waged work or self-employment in their host countries, ILO said. ‘Deeply worrying’ Monday’s report called for in-depth social dialogue to create the policies needed to counter labour market downturns. It also warned that excessive policy tightening could cause “undue damage to jobs and incomes in both advanced and developing countries.” There is a “need to ensure that the monetary tightening to combat inflation … is really dovetailed with social measures, dovetailed with minimum social protection,” Houngbo said, describing the global employment situation as “deeply worrying”. “Preventing a significant global labour market downturn, will require comprehensive, integrated and balanced policies both nationally and globally.”.....»»

Category: sportsSource:  abscbnRelated NewsOct 31st, 2022

2.4K doses ng reformulated Pfizer vax dumating na sa Pinas

MANILA, Philippines- Dumating na sa bansa ang karagdagang 2,400 doses ng Pfizer vaccine, na binili sa pamamagitan ng World Bank, para sa edad lima hanggang 11, nitong Miyerkules ng gabi. Dumating ang mga bakuna karga ng Air Hong Kong flight LD456 ng alas-8:37 ng gabi sa Ninoy Aquino International Airport Terminal 3. Batay sa COVID-19 […] The post 2.4K doses ng reformulated Pfizer vax dumating na sa Pinas appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsJun 2nd, 2022

New law to lift Philippine rank in doing business

A new law which expands the jurisdiction of first and second level courts is expected to help improve the country’s standing in the World Bank’s Doing Business report, the Anti-Red Tape Authority said......»»

Category: financeSource:  philstarRelated NewsAug 5th, 2021

Is Leni Robredo the Only One Who Realizes the Philippines Has a Crisis in Education?

Vice President Leni Robredo wants the government to declare a "crisis in education." We believe that is the right thing to do. The World Bank (WB) may have issued an apology for its objective assessment of the country's education system—given Education Secretary Leonor Briones and the Duterte administration's hysteria when the report first appeared—but the facts in that report remain true. Compared to other countries, the Philippines ranks at or near the bottom in education......»»

Category: newsSource:  philnewsRelated NewsJul 19th, 2021

Focusing on educational reform

Early this month, the World Bank released the results of its assessment of the Philippine education system. The assessment was done pre-COVID. The report revealed that many students in the country “do not know what they should know.” Since the release of the report, the Department of Education (DepEd) has claimed that the assessment failed to reflect the improvements and reforms it had introduced......»»

Category: newsSource:  thestandardRelated NewsJul 14th, 2021

DepEd in denial

Education Secretary Leonor Briones cried foul over the publication of a World Bank report saying that more than 80 percent of Filipino students don’t meet the standards for their grade level......»»

Category: newsSource:  philstarRelated NewsJul 13th, 2021

'UndoingDuterte | World Bank educ report proves government abandonment

By LUISA SANDOVAL Additional research by Gabryelle Dumalag Graphics by Dawn Peña Bulatlat.com MANILA – Grade 7 student Carmela Garcia often runs out of internet load or data for her online classes. And on days that she has internet load, a stable connection is another story. “It is still different when you are attending classes… The post #UndoingDuterte | World Bank educ report proves government abandonment appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJul 13th, 2021

The World Bank apologizes

It is just as well that the World Bank, the Washington D.C. based multilateral financial/lending institution, has taken down a highly misleading if not insulting report on the state of Philippine education from its website. Posted last June 21, the said report entitled "Improving Student Learning Outcomes and Well Being in the Philippines: What Are International Assessments Telling Us?" essentially advised that there was a "crisis in Philippine education which started pre-pandemic but will have been made worse by the pandemic.".....»»

Category: sportsSource:  abscbnRelated NewsJul 12th, 2021

Berating the messenger

At the behest of Education Secretary Leonor Briones, the World Bank apologized to the Philippines for publishing a report on education earlier than scheduled and before the Education Department had a chance to give its input......»»

Category: sportsSource:  abscbnRelated NewsJul 12th, 2021

The problem with DepEd

Actually, the problem is with the Duterte administration. Malacanang, DepEd, and DOF successfully bullied the World Bank into taking down from its website the report on our failing education sector and apologizing......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2021

After World Bank apology, DepEd reiterates commitment to resolving education system issues

The Department of Education on Saturday acknowledged the World Bank’s apology over a report on the Philippine education system......»»

Category: newsSource:  philstarRelated NewsJul 10th, 2021

World bank apologizes to Philippine government for education report

The World Bank issued on Thursday what amounted to a public apology as demanded by Education Secretary Leonor Briones over the early and uncoordinated release of its education sector report which rated poorly the quality of learning in the country......»»

Category: newsSource:  philstarRelated NewsJul 9th, 2021

World Bank sorry, says report on Philippine education released too soon

The World Bank has apologized over a report on the Philippine education system that it said was released before the Department of Education "had enough chance to provide inputs.".....»»

Category: newsSource:  philstarRelated NewsJul 9th, 2021

DOF joins DepEd in demanding World Bank apology over outdated report

The Department of Finance has backed calls for the World Bank to issue a public apology over an unflattering report showing Filipino students are not meeting learning standards......»»

Category: newsSource:  philstarRelated NewsJul 8th, 2021

DepEd told to address problems in World Bank report, not seek apology

"DepEd and the Duterte administration should be ashamed for its abandonment and negligence in the worsening education crisis in the country," Rep. France Castro (ACT Teachers' party-list) said......»»

Category: newsSource:  philstarRelated NewsJul 6th, 2021

DepEd wants World Bank apology over erroneous report

Education Secretary Leonor Briones wants the World Bank to issue a public apology for a report declaring the poor quality of education in the country......»»

Category: newsSource:  philstarRelated NewsJul 5th, 2021

Briones wants apology from World Bank over unflattering schools report

"The country was insulted and shamed. We expect and look forward to a public apology," Education Secretary Leonor Briones said on a World Bank report on Filipino students......»»

Category: newsSource:  philstarRelated NewsJul 5th, 2021