News that poverty incidence in the Philippines has not changed substantially as of the second semester of last year was a rude awakening for the Aquino administration, which has been using a slew of good news on gross domestic product (GDP) growth, new records set by the Philippine Stock Exchange index (PSEi), and improvement in the country’s credit ratings to boost its image.
The latest data poverty incidence data was released a day after the PSEi surged past the 7,000-point mark and set its 27th record for this year, which clearly demonstrates how much the great divide is between the country’s haves and have-nots.
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