Social protection refers to a set of policies and programs designed to reduce poverty, inequality, vulnerability, and social exclusion, and to mitigate economic shocks by ensuring income security, access to essential services (e.g., health, education, and housing), and support for life’s hazards (e.g., unemployment, sickness, disability, and old age). In Southeast Asia, social protection systems have a...
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March 28, 2025March 28, 2025Business
Election spending, lower inflation to help boost economy, says report
Election spending, along with falling inflation, is expected to give the Philippine economy a boost as the campaign for the midterm polls in May goes into full swing, according to Unicapital Securities Inc. (USI). “All-out election spending, both on the local and national scale, coupled with easing inflation, will boost household spending and ultimately favor...