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What Poverty?

- Elicar - Wednesday, November 7th, 2007 : goo

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Poverty in the Philippines

In 2003, almost 23.8 million people lived below the Philippines' poverty threshold. This represents 24 per cent of Philippine families and 30 per cent of the population. According to international data, 44 per cent of the population subsisted on US$2 or less a day. In addition, the Philippines has one of the highest levels of income inequality in Asia, with the poorest 20 per cent of the population accounting for only 5 per cent of total income or

But in Makati City, there is hardly a sign of it. Makati is like Manhattan to NY, or Toronto to the Greater Toronto Area. Corporate offices of banks and multinational companies, 5 star hotels and luxury condominiums abound here.

This is is Ayala Avenue, the Wall Street or Bay Street of Makati.

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This is Greenbelt, Makati. They have preserved the greeneries which is very imoressive.

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And this is my view while drinking P120.00 coffee ($2.75) at Coffee Bean and Tea Leaf at Greenbelt, waiting for girlfriends delayed by the horrendous traffic..

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And this is Glorietta. This is the mall that blew up on October 19, 2007. I was shopping there on October 8. Though it was 11 days apart, it still gave me the creeps.

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This is a condominium complex at The Fort. The Fort is used to be known as Fort Bonifacio, the headquarters for the Philippine Army. They have sold most of it to the Ayala Developers. The asking price for the penthouse is apparently P36,000,000.00 (roughly $800,000.00).

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This article has been viewed 24977 times in the last 6 years

Elicar: 7th Nov 2007 - 02:45 GMT

The two towers in Glorietta is the Ascott Hotel, formerly known as Oakwood Premier Ayala Center. They changed it to Ascott as it was the site of the "Oakwood Mutiny" in July 2003. A group of 300+ soldiers took over the hotel to show corruption of the current government.

kaye: SIMPLY AWESOME...... its makin me homesick

MiCHAEL: 28th Nov 2008 - 21:05 GMT

My view about poverty in the Philippines is that a high % of the poorer people have a member of the family overseas, and in some instances are slaves for their families back home, sending most of their income to tha family without any proper governance, making the family lazy, and just waiting for the next Western Union pamyent to arrive.
This is not good for either parties.
Where has all the $us billions sent home each year ( gone) WASTED, in useless
projects. Only to end up in the pockets of the corrupt elite.

Neil: 13th May 2009 - 03:22 GMT

The Philippines is more blessed than the other countries.

anon ( 18th Jun 2010 - 17:59 GMT

Masarap lang magbakasyon sa Pilipinas because of its beautiful city life and resorts. I still love to see more of its beauty in the future. Hirap lang maghanap ng rented cars na walang kasamang drivers.

LOL: 24th Nov 2010 - 02:43 GMT

You might want to visit Guadalupe in Makati dear and you'll see poverty.

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